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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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BEACON FEDERAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
BEACON FEDERAL |
| Address | 6311 COURT STREET ROAD
EAST SYRACUSE, NY 13057 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 962 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $74,353,000 |
| Average Mortgage Loan Amount Applied For | $160,578 |
| Highest Mortgage Loan Amount Applied For | $3,200,000 |
| Average Applicant Income | $101,203 |
| Highest Applicant Income | $1,018,000 |
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| Home Improvement |
546 | $5,975,000 |
$10,000 | $417,000 |
$61,000 | $207,000 |
| Home Purchase |
297 | $45,483,000 |
$153,000 | $1,600,000 |
$90,000 | $666,000 |
| Refinancing |
154 | $27,906,000 |
$181,000 | $3,200,000 |
$93,000 | $1,018,000 |
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| American Indian or Alaskan Native |
5 | $476,000 |
$95,000 | $336,000 |
$95,000 | $261,000 |
| Asian |
2 | $178,000 |
$89,000 | $176,000 |
$69,000 | $94,000 |
| Black or African American |
39 | $1,289,000 |
$33,000 | $228,000 |
$58,000 | $250,000 |
| Hispanic |
20 | $1,563,000 |
$78,000 | $900,000 |
$50,000 | $205,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $3,000 |
$3,000 | $3,000 |
$49,000 | $49,000 |
| Not applicable |
38 | $8,846,000 |
$232,000 | $1,600,000 |
$2,000 | $61,000 |
| Not Provided |
313 | $8,032,000 |
$25,000 | $798,000 |
$67,000 | $340,000 |
| White |
579 | $58,977,000 |
$101,000 | $3,200,000 |
$86,000 | $1,018,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
997 | $79,364,000 |
$79,000 | $3,200,000 |
$75,000 | $1,018,000 |
| 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 |
51 | $1,802,000 |
$35,000 | $300,000 |
$67,000 | $178,000 |
| Application Denied By Financial Institution |
264 | $8,282,000 |
$31,000 | $427,000 |
$53,000 | $282,000 |
| Application Withdrawn By Applicant |
43 | $3,638,000 |
$84,000 | $900,000 |
$94,000 | $298,000 |
| File Closed For Incompleteness |
8 | $636,000 |
$79,000 | $185,000 |
$73,000 | $150,000 |
| Loan Originated |
450 | $39,900,000 |
$88,000 | $3,200,000 |
$79,000 | $1,018,000 |
| Loan Purchased By The Institution |
150 | $21,289,000 |
$141,000 | $880,000 |
$102,000 | $651,000 |
| Preapproval Approved but not Accepted |
13 | $1,294,000 |
$99,000 | $155,000 |
$60,000 | $94,000 |
| Preapproval Denied by Financial Institution |
18 | $2,523,000 |
$140,000 | $400,000 |
$65,000 | $231,000 |
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| Collateral |
7 | $521,000 |
$74,000 | $130,000 |
$79,000 | $211,000 |
| Credit Application Incomplete |
2 | $512,000 |
$256,000 | $400,000 |
$144,000 | $231,000 |
| Credit History |
114 | $2,283,000 |
$20,000 | $176,000 |
$54,000 | $150,000 |
| Debt-To-Income Ratio |
147 | $6,094,000 |
$41,000 | $427,000 |
$50,000 | $172,000 |
| Employment History |
4 | $285,000 |
$71,000 | $158,000 |
$33,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $24,000 |
$24,000 | $24,000 |
$49,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $718,000 |
$119,000 | $417,000 |
$72,000 | $104,000 |
| Unverifiable Information |
1 | $368,000 |
$368,000 | $368,000 |
$282,000 | $282,000 |
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Mortgage Loan App Totals for BEACON FEDERAL by:
Metropolitan Area And
County
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