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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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BEVERLY NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BEVERLY NATIONAL BANK |
| Address | 240 CABOT STREET
BEVERLY, MA 01915 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 89 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,897,000 |
| Average Mortgage Loan Amount Applied For | $341,500 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $219,750 |
| Highest Applicant Income | $780,000 |
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| Home Improvement |
25 | $4,105,000 |
$164,000 | $1,600,000 |
$110,000 | $625,000 |
| Home Purchase |
18 | $6,543,000 |
$363,000 | $1,105,000 |
$146,000 | $471,000 |
| Refinancing |
46 | $8,249,000 |
$179,000 | $1,000,000 |
$122,000 | $780,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $2,721,000 |
$388,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
22 | $5,598,000 |
$254,000 | $1,105,000 |
$167,000 | $780,000 |
| White |
60 | $10,578,000 |
$176,000 | $1,600,000 |
$122,000 | $625,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
89 | $18,897,000 |
$212,000 | $1,600,000 |
$124,000 | $780,000 |
| 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 |
1 | $245,000 |
$245,000 | $245,000 |
$165,000 | $165,000 |
| Application Denied By Financial Institution |
13 | $1,389,000 |
$106,000 | $225,000 |
$77,000 | $139,000 |
| Application Withdrawn By Applicant |
3 | $735,000 |
$245,000 | $585,000 |
$83,000 | $116,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
72 | $16,528,000 |
$229,000 | $1,600,000 |
$133,000 | $780,000 |
| 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 |
1 | $24,000 |
$24,000 | $24,000 |
$105,000 | $105,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $80,000 |
$80,000 | $80,000 |
$101,000 | $101,000 |
| Debt-To-Income Ratio |
10 | $1,150,000 |
$115,000 | $225,000 |
$69,000 | $139,000 |
| 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 |
1 | $135,000 |
$135,000 | $135,000 |
$102,000 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BEVERLY NATIONAL BANK by:
Metropolitan Area And
County
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