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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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BAY STATE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY STATE SAVINGS BANK |
| Address | 28-32 FRANKLIN ST
WORCESTER, MA 01608 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 311 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,372,000 |
| Average Mortgage Loan Amount Applied For | $153,000 |
| Highest Mortgage Loan Amount Applied For | $1,520,000 |
| Average Applicant Income | $76,416 |
| Highest Applicant Income | $852,000 |
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| Home Improvement |
106 | $10,530,000 |
$99,000 | $1,500,000 |
$76,000 | $454,000 |
| Home Purchase |
117 | $23,870,000 |
$204,000 | $1,520,000 |
$93,000 | $852,000 |
| Refinancing |
88 | $13,972,000 |
$158,000 | $775,000 |
$81,000 | $299,000 |
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| American Indian or Alaskan Native |
3 | $274,000 |
$91,000 | $205,000 |
$61,000 | $83,000 |
| Asian |
5 | $568,000 |
$113,000 | $230,000 |
$61,000 | $124,000 |
| Black or African American |
7 | $708,000 |
$101,000 | $277,000 |
$73,000 | $172,000 |
| Hispanic |
8 | $1,082,000 |
$135,000 | $400,000 |
$68,000 | $172,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $3,220,000 |
$536,000 | $1,500,000 |
$0 | $0 |
| Not Provided |
22 | $3,829,000 |
$174,000 | $661,000 |
$80,000 | $209,000 |
| White |
260 | $38,691,000 |
$148,000 | $1,520,000 |
$88,000 | $852,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
311 | $48,372,000 |
$155,000 | $1,520,000 |
$84,000 | $852,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
7 | $1,724,000 |
$246,000 | $775,000 |
$105,000 | $210,000 |
| Application Denied By Financial Institution |
33 | $4,844,000 |
$146,000 | $732,000 |
$68,000 | $172,000 |
| Application Withdrawn By Applicant |
14 | $2,752,000 |
$196,000 | $450,000 |
$85,000 | $202,000 |
| File Closed For Incompleteness |
13 | $2,433,000 |
$187,000 | $400,000 |
$74,000 | $172,000 |
| Loan Originated |
244 | $36,619,000 |
$150,000 | $1,520,000 |
$86,000 | $852,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BAY STATE SAVINGS BANK by:
Metropolitan Area And
County
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