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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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DEAN COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DEAN COOPERATIVE BANK |
| Address | 21 MAIN STREET
FRANKLIN, MA 02038 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 178 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,410,000 |
| Average Mortgage Loan Amount Applied For | $289,625 |
| Highest Mortgage Loan Amount Applied For | $1,120,000 |
| Average Applicant Income | $96,250 |
| Highest Applicant Income | $505,000 |
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| Home Improvement |
71 | $10,460,000 |
$147,000 | $1,120,000 |
$95,000 | $444,000 |
| Home Purchase |
54 | $15,657,000 |
$289,000 | $750,000 |
$87,000 | $360,000 |
| Refinancing |
61 | $13,476,000 |
$220,000 | $760,000 |
$79,000 | $505,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $20,000 |
$20,000 | $20,000 |
$65,000 | $65,000 |
| Hispanic |
4 | $802,000 |
$200,000 | $365,000 |
$64,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $1,914,000 |
$382,000 | $760,000 |
$136,000 | $180,000 |
| White |
176 | $36,857,000 |
$209,000 | $1,120,000 |
$87,000 | $505,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
186 | $39,593,000 |
$212,000 | $1,120,000 |
$87,000 | $505,000 |
| 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 |
7 | $1,648,000 |
$235,000 | $1,120,000 |
$117,000 | $444,000 |
| Application Denied By Financial Institution |
12 | $2,508,000 |
$209,000 | $465,000 |
$73,000 | $105,000 |
| Application Withdrawn By Applicant |
12 | $2,789,000 |
$232,000 | $760,000 |
$83,000 | $180,000 |
| File Closed For Incompleteness |
2 | $380,000 |
$190,000 | $200,000 |
$20,000 | $41,000 |
| Loan Originated |
145 | $30,085,000 |
$207,000 | $750,000 |
$90,000 | $505,000 |
| 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 | $2,183,000 |
$272,000 | $460,000 |
$64,000 | $102,000 |
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| Collateral |
2 | $865,000 |
$432,000 | $465,000 |
$50,000 | $101,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $3,006,000 |
$214,000 | $460,000 |
$73,000 | $102,000 |
| Debt-To-Income Ratio |
3 | $529,000 |
$176,000 | $280,000 |
$50,000 | $58,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $291,000 |
$291,000 | $291,000 |
$105,000 | $105,000 |
| 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 DEAN COOPERATIVE BANK by:
Metropolitan Area And
County
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