|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CHICOPEE SAVINGS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CHICOPEE SAVINGS BANK |
| Address | 70 CENTER ST
CHICOPEE, MA 01013 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 490 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $58,503,000 |
| Average Mortgage Loan Amount Applied For | $230,916 |
| Highest Mortgage Loan Amount Applied For | $1,760,000 |
| Average Applicant Income | $194,750 |
| Highest Applicant Income | $3,542,000 |
|
|
|
| Home Improvement |
162 | $8,831,000 |
$54,000 | $305,000 |
$65,000 | $260,000 |
| Home Purchase |
208 | $37,856,000 |
$182,000 | $550,000 |
$73,000 | $576,000 |
| Refinancing |
176 | $21,713,000 |
$123,000 | $1,760,000 |
$103,000 | $3,542,000 |
|
|
| American Indian or Alaskan Native |
2 | $221,000 |
$110,000 | $168,000 |
$37,000 | $47,000 |
| Asian |
1 | $150,000 |
$150,000 | $150,000 |
$64,000 | $64,000 |
| Black or African American |
10 | $1,594,000 |
$159,000 | $557,000 |
$103,000 | $415,000 |
| Hispanic |
40 | $4,444,000 |
$111,000 | $550,000 |
$48,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,341,000 |
$223,000 | $380,000 |
$0 | $0 |
| Not Provided |
3 | $765,000 |
$255,000 | $450,000 |
$17,000 | $53,000 |
| White |
484 | $59,885,000 |
$123,000 | $1,760,000 |
$84,000 | $3,542,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
546 | $68,400,000 |
$125,000 | $1,760,000 |
$80,000 | $3,542,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
27 | $3,371,000 |
$124,000 | $450,000 |
$75,000 | $415,000 |
| Application Denied By Financial Institution |
59 | $4,978,000 |
$84,000 | $550,000 |
$48,000 | $105,000 |
| Application Withdrawn By Applicant |
21 | $3,220,000 |
$153,000 | $340,000 |
$67,000 | $129,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
382 | $46,774,000 |
$122,000 | $1,760,000 |
$88,000 | $3,542,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
41 | $7,085,000 |
$172,000 | $360,000 |
$70,000 | $125,000 |
| Preapproval Denied by Financial Institution |
16 | $2,972,000 |
$185,000 | $410,000 |
$58,000 | $114,000 |
|
|
| Collateral |
8 | $387,000 |
$48,000 | $130,000 |
$58,000 | $83,000 |
| Credit Application Incomplete |
1 | $115,000 |
$115,000 | $115,000 |
$40,000 | $40,000 |
| Credit History |
21 | $2,329,000 |
$110,000 | $309,000 |
$56,000 | $114,000 |
| Debt-To-Income Ratio |
41 | $4,243,000 |
$103,000 | $550,000 |
$45,000 | $101,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $711,000 |
$237,000 | $410,000 |
$52,000 | $71,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $165,000 |
$165,000 | $165,000 |
$65,000 | $65,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for CHICOPEE SAVINGS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
