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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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COMMONWEALTH CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMONWEALTH CO-OPERATIVE BANK |
| Address | 2 CENTER PLAZA
BOSTON, MA 02108 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 25 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,717,000 |
| Average Mortgage Loan Amount Applied For | $148,125 |
| Highest Mortgage Loan Amount Applied For | $358,000 |
| Average Applicant Income | $91,750 |
| Highest Applicant Income | $165,000 |
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| Home Improvement |
13 | $1,083,000 |
$83,000 | $240,000 |
$97,000 | $163,000 |
| Home Purchase |
4 | $1,141,000 |
$285,000 | $342,000 |
$108,000 | $150,000 |
| Refinancing |
8 | $1,493,000 |
$186,000 | $358,000 |
$81,000 | $165,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $308,000 |
$308,000 | $308,000 |
$94,000 | $94,000 |
| Black or African American |
1 | $210,000 |
$210,000 | $210,000 |
$67,000 | $67,000 |
| 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 |
13 | $1,228,000 |
$94,000 | $358,000 |
$100,000 | $165,000 |
| White |
10 | $1,971,000 |
$197,000 | $342,000 |
$88,000 | $150,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
25 | $3,717,000 |
$148,000 | $358,000 |
$94,000 | $165,000 |
| 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 |
1 | $120,000 |
$120,000 | $120,000 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $215,000 |
$71,000 | $150,000 |
$62,000 | $89,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
21 | $3,382,000 |
$161,000 | $358,000 |
$103,000 | $165,000 |
| 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 |
3 | $215,000 |
$71,000 | $150,000 |
$62,000 | $89,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMONWEALTH CO-OPERATIVE BANK by:
Metropolitan Area And
County
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