|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
BEVERLY COOPERATIVE BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
BEVERLY COOPERATIVE BANK |
| Address | 254 CABOT STREET
BEVERLY, MA 01915 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 143 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,323,000 |
| Average Mortgage Loan Amount Applied For | $375,400 |
| Highest Mortgage Loan Amount Applied For | $3,730,000 |
| Average Applicant Income | $90,200 |
| Highest Applicant Income | $422,000 |
|
|
|
| Home Improvement |
32 | $2,480,000 |
$77,000 | $225,000 |
$93,000 | $287,000 |
| Home Purchase |
62 | $17,062,000 |
$275,000 | $1,000,000 |
$105,000 | $422,000 |
| Refinancing |
63 | $21,179,000 |
$336,000 | $3,730,000 |
$80,000 | $323,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $40,000 |
$40,000 | $40,000 |
$11,000 | $11,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $10,256,000 |
$512,000 | $3,730,000 |
$8,000 | $179,000 |
| Not Provided |
1 | $100,000 |
$100,000 | $100,000 |
$94,000 | $94,000 |
| White |
135 | $30,325,000 |
$224,000 | $1,000,000 |
$106,000 | $422,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
157 | $40,721,000 |
$259,000 | $3,730,000 |
$93,000 | $422,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
3 | $711,000 |
$237,000 | $395,000 |
$97,000 | $136,000 |
| Application Denied By Financial Institution |
12 | $3,603,000 |
$300,000 | $525,000 |
$75,000 | $208,000 |
| Application Withdrawn By Applicant |
7 | $2,160,000 |
$308,000 | $587,000 |
$126,000 | $228,000 |
| File Closed For Incompleteness |
2 | $743,000 |
$371,000 | $443,000 |
$197,000 | $323,000 |
| Loan Originated |
126 | $32,522,000 |
$258,000 | $3,730,000 |
$94,000 | $422,000 |
| 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 | $982,000 |
$140,000 | $200,000 |
$32,000 | $55,000 |
|
|
| Collateral |
3 | $1,318,000 |
$439,000 | $525,000 |
$166,000 | $208,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $980,000 |
$245,000 | $400,000 |
$66,000 | $91,000 |
| Debt-To-Income Ratio |
10 | $1,737,000 |
$173,000 | $325,000 |
$34,000 | $94,000 |
| 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 |
2 | $550,000 |
$275,000 | $460,000 |
$14,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for BEVERLY COOPERATIVE BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
