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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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CENTRAL COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CENTRAL COOPERATIVE BANK |
| Address | 399 HIGHLAND AVENUE
SOMERVILLE, MA 02144 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 299 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $118,978,000 |
| Average Mortgage Loan Amount Applied For | $398,384 |
| Highest Mortgage Loan Amount Applied For | $6,375,000 |
| Average Applicant Income | $112,384 |
| Highest Applicant Income | $6,230,000 |
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| Home Improvement |
32 | $5,262,000 |
$164,000 | $762,000 |
$110,000 | $276,000 |
| Home Purchase |
268 | $95,995,000 |
$358,000 | $6,375,000 |
$95,000 | $1,723,000 |
| Refinancing |
105 | $41,227,000 |
$392,000 | $3,500,000 |
$170,000 | $6,230,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
21 | $5,392,000 |
$256,000 | $738,000 |
$117,000 | $231,000 |
| Black or African American |
20 | $4,988,000 |
$249,000 | $695,000 |
$128,000 | $902,000 |
| Hispanic |
9 | $1,314,000 |
$146,000 | $487,000 |
$66,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $325,000 |
$162,000 | $280,000 |
$84,000 | $84,000 |
| Not applicable |
42 | $44,407,000 |
$1,057,000 | $6,375,000 |
$299,000 | $6,230,000 |
| Not Provided |
22 | $5,954,000 |
$270,000 | $498,000 |
$119,000 | $900,000 |
| White |
289 | $80,104,000 |
$277,000 | $4,500,000 |
$90,000 | $885,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
405 | $142,484,000 |
$351,000 | $6,375,000 |
$116,000 | $6,230,000 |
| 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 |
14 | $13,006,000 |
$929,000 | $4,500,000 |
$104,000 | $561,000 |
| Application Denied By Financial Institution |
33 | $9,938,000 |
$301,000 | $1,500,000 |
$71,000 | $230,000 |
| Application Withdrawn By Applicant |
35 | $7,740,000 |
$221,000 | $554,000 |
$124,000 | $885,000 |
| File Closed For Incompleteness |
7 | $2,695,000 |
$385,000 | $900,000 |
$114,000 | $224,000 |
| Loan Originated |
174 | $71,398,000 |
$410,000 | $6,375,000 |
$146,000 | $6,230,000 |
| Loan Purchased By The Institution |
36 | $14,201,000 |
$394,000 | $1,166,000 |
$130,000 | $374,000 |
| Preapproval Approved but not Accepted |
95 | $20,488,000 |
$215,000 | $738,000 |
$75,000 | $900,000 |
| Preapproval Denied by Financial Institution |
11 | $3,018,000 |
$274,000 | $582,000 |
$64,000 | $104,000 |
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| Collateral |
6 | $1,419,000 |
$236,000 | $740,000 |
$80,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $3,171,000 |
$264,000 | $510,000 |
$88,000 | $230,000 |
| Debt-To-Income Ratio |
23 | $6,591,000 |
$286,000 | $582,000 |
$57,000 | $111,000 |
| 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 |
3 | $1,775,000 |
$591,000 | $1,500,000 |
$72,000 | $131,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CENTRAL COOPERATIVE BANK by:
Metropolitan Area And
County
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