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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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BERKSHIRE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BERKSHIRE BANK |
| Address | 28 NORTH STREET
PITTSFIELD, MA 01201 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 714 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $177,290,000 |
| Average Mortgage Loan Amount Applied For | $411,800 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $272,400 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
45 | $14,217,000 |
$315,000 | $2,600,000 |
$130,000 | $1,200,000 |
| Home Purchase |
398 | $109,295,000 |
$274,000 | $4,000,000 |
$136,000 | $4,800,000 |
| Refinancing |
278 | $53,785,000 |
$193,000 | $2,010,000 |
$125,000 | $6,000,000 |
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| American Indian or Alaskan Native |
1 | $25,000 |
$25,000 | $25,000 |
$82,000 | $82,000 |
| Asian |
4 | $815,000 |
$203,000 | $250,000 |
$64,000 | $92,000 |
| Black or African American |
9 | $5,356,000 |
$595,000 | $4,000,000 |
$504,000 | $3,996,000 |
| Hispanic |
12 | $1,975,000 |
$164,000 | $340,000 |
$64,000 | $198,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
46 | $19,112,000 |
$415,000 | $1,600,000 |
$0 | $0 |
| Not Provided |
64 | $23,273,000 |
$363,000 | $2,010,000 |
$345,000 | $6,000,000 |
| White |
585 | $126,741,000 |
$216,000 | $2,600,000 |
$115,000 | $4,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
721 | $177,297,000 |
$245,000 | $4,000,000 |
$132,000 | $6,000,000 |
| 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 |
34 | $8,427,000 |
$247,000 | $985,000 |
$66,000 | $318,000 |
| Application Denied By Financial Institution |
52 | $9,508,000 |
$182,000 | $1,250,000 |
$49,000 | $146,000 |
| Application Withdrawn By Applicant |
33 | $5,519,000 |
$167,000 | $600,000 |
$71,000 | $250,000 |
| File Closed For Incompleteness |
24 | $6,882,000 |
$286,000 | $2,010,000 |
$128,000 | $1,200,000 |
| Loan Originated |
571 | $146,954,000 |
$257,000 | $4,000,000 |
$148,000 | $6,000,000 |
| 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 |
7 | $7,000 |
$1,000 | $1,000 |
$49,000 | $67,000 |
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| Collateral |
5 | $1,581,000 |
$316,000 | $1,250,000 |
$55,000 | $108,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $2,595,000 |
$108,000 | $303,000 |
$53,000 | $146,000 |
| Debt-To-Income Ratio |
27 | $4,965,000 |
$183,000 | $475,000 |
$46,000 | $129,000 |
| Employment History |
2 | $284,000 |
$142,000 | $283,000 |
$32,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $90,000 |
$90,000 | $90,000 |
$60,000 | $60,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BERKSHIRE BANK by:
Metropolitan Area And
County
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