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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 NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMONWEALTH NATIONAL BANK |
| Address | 33 WALDO STREET
WORCESTER, MA 01608 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 54 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,728,000 |
| Average Mortgage Loan Amount Applied For | $437,166 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $228,833 |
| Highest Applicant Income | $1,468,000 |
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| Home Improvement |
7 | $522,000 |
$74,000 | $225,000 |
$66,000 | $155,000 |
| Home Purchase |
24 | $6,665,000 |
$277,000 | $725,000 |
$221,000 | $1,468,000 |
| Refinancing |
23 | $6,541,000 |
$284,000 | $1,200,000 |
$145,000 | $1,169,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $56,000 |
$56,000 | $56,000 |
$38,000 | $38,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $255,000 |
$255,000 | $255,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
30 | $8,426,000 |
$280,000 | $1,000,000 |
$234,000 | $1,468,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
22 | $4,991,000 |
$226,000 | $1,200,000 |
$92,000 | $611,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
54 | $13,728,000 |
$254,000 | $1,200,000 |
$168,000 | $1,468,000 |
| 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 |
1 | $900,000 |
$900,000 | $900,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
5 | $2,089,000 |
$417,000 | $1,200,000 |
$122,000 | $611,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
48 | $10,739,000 |
$223,000 | $1,000,000 |
$177,000 | $1,468,000 |
| 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 |
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 |
1 | $900,000 |
$900,000 | $900,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMONWEALTH NATIONAL BANK by:
Metropolitan Area And
County
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