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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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CHART BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHART BANK |
| Address | 295 WESTON STREET
WALTHAM, MA 02453 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 149 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,226,000 |
| Average Mortgage Loan Amount Applied For | $242,555 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $112,777 |
| Highest Applicant Income | $932,000 |
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| Home Improvement |
4 | $293,000 |
$73,000 | $125,000 |
$53,000 | $80,000 |
| Home Purchase |
91 | $30,952,000 |
$315,500 | $1,000,000 |
$107,000 | $932,000 |
| Refinancing |
77 | $14,594,000 |
$189,000 | $700,000 |
$87,000 | $235,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $2,419,000 |
$302,000 | $400,000 |
$100,000 | $139,000 |
| Black or African American |
1 | $252,000 |
$252,000 | $252,000 |
$55,000 | $55,000 |
| Hispanic |
7 | $1,713,000 |
$244,000 | $340,000 |
$57,000 | $110,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $7,563,000 |
$459,500 | $700,000 |
$101,000 | $517,000 |
| Not Provided |
6 | $2,114,000 |
$352,000 | $1,000,000 |
$107,000 | $215,000 |
| White |
130 | $31,778,000 |
$247,500 | $767,000 |
$94,500 | $932,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
172 | $45,839,000 |
$275,000 | $1,000,000 |
$95,000 | $932,000 |
| 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 |
15 | $4,875,000 |
$325,000 | $767,000 |
$102,000 | $360,000 |
| Application Denied By Financial Institution |
12 | $3,445,000 |
$297,500 | $750,000 |
$97,500 | $390,000 |
| Application Withdrawn By Applicant |
17 | $4,948,000 |
$294,000 | $660,000 |
$63,000 | $246,000 |
| File Closed For Incompleteness |
1 | $33,000 |
$33,000 | $33,000 |
$20,000 | $20,000 |
| Loan Originated |
121 | $30,879,000 |
$255,000 | $1,000,000 |
$105,000 | $932,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $1,659,000 |
$276,000 | $550,000 |
$119,000 | $175,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHART BANK by:
Metropolitan Area And
County
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