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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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CHELSEA-PROVIDENT CO-OP BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHELSEA-PROVIDENT CO-OP BANK |
| Address | 360 BROADWAY
CHELSEA, MA 02150 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 62 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,738,000 |
| Average Mortgage Loan Amount Applied For | $198,000 |
| Highest Mortgage Loan Amount Applied For | $504,000 |
| Average Applicant Income | $72,333 |
| Highest Applicant Income | $179,000 |
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| Home Improvement |
16 | $721,000 |
$45,000 | $290,000 |
$68,000 | $169,000 |
| Home Purchase |
29 | $7,067,000 |
$243,000 | $504,000 |
$65,000 | $179,000 |
| Refinancing |
17 | $3,950,000 |
$232,000 | $356,000 |
$90,000 | $161,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $312,000 |
$312,000 | $312,000 |
$169,000 | $169,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
19 | $1,936,000 |
$101,000 | $300,000 |
$58,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $428,000 |
$428,000 | $428,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
41 | $9,062,000 |
$221,000 | $504,000 |
$79,000 | $179,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
61 | $11,713,000 |
$192,000 | $504,000 |
$73,000 | $179,000 |
| FHA-insured (Federal Housing Administration) |
1 | $25,000 |
$25,000 | $25,000 |
$42,000 | $42,000 |
| 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 | $25,000 |
$25,000 | $25,000 |
$42,000 | $42,000 |
| Application Denied By Financial Institution |
3 | $70,000 |
$23,000 | $25,000 |
$59,000 | $76,000 |
| Application Withdrawn By Applicant |
2 | $520,000 |
$260,000 | $292,000 |
$70,000 | $75,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
56 | $11,123,000 |
$198,000 | $504,000 |
$74,000 | $179,000 |
| 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 |
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 |
1 | $25,000 |
$25,000 | $25,000 |
$42,000 | $42,000 |
| 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 | $22,000 |
$22,000 | $22,000 |
$61,000 | $61,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHELSEA-PROVIDENT CO-OP BANK by:
Metropolitan Area And
County
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