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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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DANVERSBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DANVERSBANK |
| Address | ONE CONANT STREET
DANVERS, MA 01923 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 230 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,122,000 |
| Average Mortgage Loan Amount Applied For | $274,461 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $112,000 |
| Highest Applicant Income | $2,204,000 |
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| Home Improvement |
71 | $11,118,000 |
$156,000 | $850,000 |
$90,000 | $609,000 |
| Home Purchase |
86 | $27,749,000 |
$322,000 | $2,000,000 |
$150,000 | $2,204,000 |
| Refinancing |
81 | $21,820,000 |
$269,000 | $1,400,000 |
$92,000 | $594,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $1,140,000 |
$380,000 | $750,000 |
$108,000 | $155,000 |
| Black or African American |
3 | $1,788,000 |
$596,000 | $1,400,000 |
$155,000 | $274,000 |
| Hispanic |
6 | $977,000 |
$162,000 | $300,000 |
$53,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,044,000 |
$434,000 | $650,000 |
$0 | $0 |
| Not Provided |
4 | $750,000 |
$187,000 | $350,000 |
$60,000 | $76,000 |
| White |
215 | $52,988,000 |
$246,000 | $2,000,000 |
$118,000 | $2,204,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
238 | $60,687,000 |
$254,000 | $2,000,000 |
$112,000 | $2,204,000 |
| 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 |
11 | $2,071,000 |
$188,000 | $417,000 |
$81,000 | $170,000 |
| Application Denied By Financial Institution |
27 | $7,237,000 |
$268,000 | $615,000 |
$56,000 | $241,000 |
| Application Withdrawn By Applicant |
5 | $2,479,000 |
$495,000 | $975,000 |
$120,000 | $224,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
187 | $47,335,000 |
$253,000 | $2,000,000 |
$124,000 | $2,204,000 |
| 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 |
8 | $1,565,000 |
$195,000 | $375,000 |
$47,000 | $76,000 |
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| Collateral |
3 | $522,000 |
$174,000 | $318,000 |
$104,000 | $241,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $2,227,000 |
$247,000 | $592,000 |
$59,000 | $107,000 |
| Debt-To-Income Ratio |
23 | $6,053,000 |
$263,000 | $615,000 |
$45,000 | $104,000 |
| 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 DANVERSBANK by:
Metropolitan Area And
County
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