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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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CAPE ANN SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAPE ANN SAVINGS BANK |
| Address | 109 MAIN STREET, P.O. BOX 330
GLOUCESTER, MA 01931-0330 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $56,855,000 |
| Average Mortgage Loan Amount Applied For | $180,800 |
| Highest Mortgage Loan Amount Applied For | $963,000 |
| Average Applicant Income | $76,000 |
| Highest Applicant Income | $516,000 |
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| Home Improvement |
127 | $13,833,000 |
$108,000 | $700,000 |
$78,000 | $516,000 |
| Home Purchase |
81 | $21,159,000 |
$261,000 | $963,000 |
$91,000 | $385,000 |
| Refinancing |
134 | $24,081,000 |
$179,000 | $875,000 |
$79,000 | $312,000 |
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| American Indian or Alaskan Native |
2 | $310,000 |
$155,000 | $300,000 |
$61,000 | $78,000 |
| Asian |
2 | $311,000 |
$155,000 | $240,000 |
$58,000 | $86,000 |
| Black or African American |
3 | $481,000 |
$160,000 | $175,000 |
$37,000 | $58,000 |
| Hispanic |
2 | $271,000 |
$135,000 | $221,000 |
$96,000 | $148,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $412,000 |
$137,000 | $350,000 |
$40,000 | $45,000 |
| Not Provided |
4 | $752,000 |
$188,000 | $260,000 |
$88,000 | $180,000 |
| White |
326 | $56,536,000 |
$173,000 | $963,000 |
$83,000 | $516,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
342 | $59,073,000 |
$172,000 | $963,000 |
$82,000 | $516,000 |
| 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 |
17 | $3,089,000 |
$181,000 | $416,000 |
$86,000 | $200,000 |
| Application Denied By Financial Institution |
23 | $6,549,000 |
$284,000 | $600,000 |
$67,000 | $151,000 |
| Application Withdrawn By Applicant |
4 | $767,000 |
$191,000 | $297,000 |
$46,000 | $148,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
286 | $46,450,000 |
$162,000 | $963,000 |
$84,000 | $516,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $165,000 |
$165,000 | $165,000 |
$52,000 | $52,000 |
| Preapproval Denied by Financial Institution |
11 | $2,053,000 |
$186,000 | $280,000 |
$47,000 | $87,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $1,159,000 |
$231,000 | $350,000 |
$81,000 | $133,000 |
| Debt-To-Income Ratio |
25 | $6,433,000 |
$257,000 | $600,000 |
$50,000 | $102,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $320,000 |
$320,000 | $320,000 |
$94,000 | $94,000 |
| Other |
3 | $690,000 |
$230,000 | $600,000 |
$100,000 | $151,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CAPE ANN SAVINGS BANK by:
Metropolitan Area And
County
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