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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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COLONIAL FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLONIAL FEDERAL SAVINGS BANK |
| Address | 15 BEACH STREET
QUINCY, MA 02170 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 120 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,248,000 |
| Average Mortgage Loan Amount Applied For | $205,666 |
| Highest Mortgage Loan Amount Applied For | $660,000 |
| Average Applicant Income | $112,666 |
| Highest Applicant Income | $1,245,000 |
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| Home Improvement |
34 | $3,469,000 |
$102,000 | $340,000 |
$111,000 | $403,000 |
| Home Purchase |
51 | $12,092,000 |
$237,000 | $500,000 |
$127,000 | $1,245,000 |
| Refinancing |
35 | $6,687,000 |
$191,000 | $660,000 |
$101,000 | $247,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,286,000 |
$257,000 | $600,000 |
$86,000 | $157,000 |
| Black or African American |
1 | $40,000 |
$40,000 | $40,000 |
$49,000 | $49,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $50,000 |
$50,000 | $50,000 |
$64,000 | $64,000 |
| White |
113 | $20,872,000 |
$184,000 | $660,000 |
$117,000 | $1,245,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
120 | $22,248,000 |
$185,000 | $660,000 |
$115,000 | $1,245,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $1,164,000 |
$232,000 | $430,000 |
$57,000 | $95,000 |
| Application Withdrawn By Applicant |
9 | $1,855,000 |
$206,000 | $417,000 |
$79,000 | $144,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
106 | $19,229,000 |
$181,000 | $660,000 |
$121,000 | $1,245,000 |
| 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 |
1 | $135,000 |
$135,000 | $135,000 |
$65,000 | $65,000 |
| Credit History |
1 | $269,000 |
$269,000 | $269,000 |
$77,000 | $77,000 |
| Debt-To-Income Ratio |
1 | $30,000 |
$30,000 | $30,000 |
$50,000 | $50,000 |
| 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 |
2 | $730,000 |
$365,000 | $430,000 |
$47,000 | $95,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COLONIAL FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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