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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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DEDHAM SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DEDHAM SAVINGS BANK |
| Address | 55 ELM STREET
DEDHAM, MA 02026 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 655 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $156,180,000 |
| Average Mortgage Loan Amount Applied For | $293,100 |
| Highest Mortgage Loan Amount Applied For | $4,640,000 |
| Average Applicant Income | $83,500 |
| Highest Applicant Income | $925,000 |
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| Home Improvement |
156 | $22,450,000 |
$143,000 | $4,640,000 |
$92,000 | $480,000 |
| Home Purchase |
248 | $82,492,000 |
$332,000 | $1,880,000 |
$66,000 | $925,000 |
| Refinancing |
251 | $51,238,000 |
$204,000 | $810,000 |
$81,000 | $483,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
10 | $3,208,000 |
$320,000 | $717,000 |
$68,000 | $260,000 |
| Black or African American |
12 | $3,668,000 |
$305,000 | $569,000 |
$40,000 | $121,000 |
| Hispanic |
15 | $3,136,000 |
$209,000 | $522,000 |
$103,000 | $519,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $10,260,000 |
$1,140,000 | $4,640,000 |
$0 | $0 |
| Not Provided |
50 | $6,600,000 |
$132,000 | $564,000 |
$77,000 | $237,000 |
| White |
559 | $129,308,000 |
$231,000 | $1,017,000 |
$80,000 | $925,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
655 | $156,180,000 |
$238,000 | $4,640,000 |
$78,000 | $925,000 |
| 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 |
8 | $627,000 |
$78,000 | $274,000 |
$103,000 | $218,000 |
| Application Denied By Financial Institution |
30 | $5,100,000 |
$170,000 | $569,000 |
$82,000 | $179,000 |
| Application Withdrawn By Applicant |
24 | $5,523,000 |
$230,000 | $645,000 |
$100,000 | $234,000 |
| File Closed For Incompleteness |
12 | $1,645,000 |
$137,000 | $245,000 |
$143,000 | $480,000 |
| Loan Originated |
390 | $78,182,000 |
$200,000 | $4,640,000 |
$112,000 | $925,000 |
| Loan Purchased By The Institution |
191 | $65,103,000 |
$340,000 | $1,017,000 |
$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 |
11 | $2,041,000 |
$185,000 | $460,000 |
$93,000 | $150,000 |
| Debt-To-Income Ratio |
13 | $1,829,000 |
$140,000 | $569,000 |
$85,000 | $179,000 |
| 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 |
3 | $360,000 |
$120,000 | $180,000 |
$49,000 | $65,000 |
| Unverifiable Information |
1 | $110,000 |
$110,000 | $110,000 |
$60,000 | $60,000 |
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Mortgage Loan App Totals for DEDHAM SAVINGS BANK by:
Metropolitan Area And
County
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