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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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CCO MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
CCO MORTGAGE |
| Address | 10 TRIPPS LANE
RIVERSIDE, RI 02915 |
| 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 | 32,611 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,897,927,000 |
| Average Mortgage Loan Amount Applied For | $181,159 |
| Highest Mortgage Loan Amount Applied For | $6,600,000 |
| Average Applicant Income | $103,344 |
| Highest Applicant Income | $7,000,000 |
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| Home Improvement |
170 | $33,752,000 |
$198,000 | $1,000,000 |
$81,000 | $323,000 |
| Home Purchase |
21,918 | $3,716,763,000 |
$169,000 | $6,600,000 |
$88,000 | $6,010,000 |
| Refinancing |
11,493 | $2,267,610,000 |
$197,000 | $4,000,000 |
$85,000 | $7,000,000 |
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| American Indian or Alaskan Native |
60 | $10,164,000 |
$169,000 | $509,000 |
$91,000 | $1,049,000 |
| Asian |
1,110 | $239,246,000 |
$215,000 | $3,000,000 |
$87,000 | $960,000 |
| Black or African American |
2,987 | $366,107,000 |
$122,000 | $1,260,000 |
$56,000 | $1,288,000 |
| Hispanic |
1,828 | $304,349,000 |
$166,000 | $1,000,000 |
$60,000 | $1,828,000 |
| Native Hawaiin or Other Pacific Islander |
74 | $15,664,000 |
$211,000 | $1,600,000 |
$94,000 | $648,000 |
| Not applicable |
29 | $6,926,000 |
$238,000 | $442,000 |
$0 | $0 |
| Not Provided |
2,621 | $551,668,000 |
$210,000 | $4,320,000 |
$103,000 | $6,010,000 |
| White |
24,872 | $4,524,001,000 |
$181,000 | $6,600,000 |
$91,000 | $7,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
31,592 | $5,699,286,000 |
$180,000 | $6,600,000 |
$89,000 | $7,000,000 |
| FHA-insured (Federal Housing Administration) |
1,699 | $261,577,000 |
$153,000 | $853,000 |
$58,000 | $475,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
290 | $57,262,000 |
$197,000 | $417,000 |
$66,000 | $194,000 |
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| Application Approved But Not Accepted |
1,865 | $361,012,000 |
$193,000 | $5,000,000 |
$98,000 | $2,557,000 |
| Application Denied By Financial Institution |
4,753 | $833,749,000 |
$175,000 | $6,600,000 |
$72,000 | $6,010,000 |
| Application Withdrawn By Applicant |
3,644 | $708,449,000 |
$194,000 | $1,999,000 |
$93,000 | $7,000,000 |
| File Closed For Incompleteness |
660 | $134,186,000 |
$203,000 | $2,320,000 |
$92,000 | $1,644,000 |
| Loan Originated |
21,689 | $3,860,531,000 |
$177,000 | $4,320,000 |
$90,000 | $4,205,000 |
| 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 |
970 | $120,198,000 |
$123,000 | $1,000,000 |
$49,000 | $887,000 |
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| Collateral |
871 | $155,273,000 |
$178,000 | $2,300,000 |
$79,000 | $1,050,000 |
| Credit Application Incomplete |
1,470 | $259,213,000 |
$176,000 | $4,000,000 |
$76,000 | $6,010,000 |
| Credit History |
1,564 | $225,004,000 |
$143,000 | $1,627,000 |
$61,000 | $699,000 |
| Debt-To-Income Ratio |
1,336 | $233,966,000 |
$175,000 | $6,600,000 |
$54,000 | $1,539,000 |
| Employment History |
45 | $5,215,000 |
$115,000 | $588,000 |
$53,000 | $188,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
201 | $33,735,000 |
$167,000 | $880,000 |
$76,000 | $564,000 |
| Mortgage Insurance Denied |
2 | $162,000 |
$81,000 | $130,000 |
$135,000 | $135,000 |
| Other |
172 | $31,378,000 |
$182,000 | $3,400,000 |
$112,000 | $4,800,000 |
| Unverifiable Information |
62 | $10,001,000 |
$161,000 | $750,000 |
$66,000 | $600,000 |
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Mortgage Loan App Totals for CCO MORTGAGE by:
Metropolitan Area And
County
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