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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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EAST BOSTON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EAST BOSTON SAVINGS BANK |
| Address | 67 PROSPECT STREET
PEABODY, MA 01960 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 332 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $99,994,000 |
| Average Mortgage Loan Amount Applied For | $230,750 |
| Highest Mortgage Loan Amount Applied For | $3,450,000 |
| Average Applicant Income | $61,583 |
| Highest Applicant Income | $563,000 |
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| Home Improvement |
43 | $10,489,000 |
$243,000 | $709,000 |
$73,000 | $316,000 |
| Home Purchase |
175 | $50,869,000 |
$290,000 | $2,820,000 |
$73,000 | $563,000 |
| Refinancing |
155 | $49,274,000 |
$317,000 | $3,450,000 |
$64,000 | $337,000 |
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| American Indian or Alaskan Native |
2 | $570,000 |
$285,000 | $285,000 |
$81,000 | $82,000 |
| Asian |
4 | $1,544,000 |
$386,000 | $620,000 |
$64,000 | $111,000 |
| Black or African American |
6 | $1,376,000 |
$229,000 | $275,000 |
$43,000 | $63,000 |
| Hispanic |
60 | $19,665,000 |
$327,000 | $550,000 |
$59,000 | $146,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $530,000 |
$530,000 | $530,000 |
$109,000 | $109,000 |
| Not applicable |
10 | $6,090,000 |
$609,000 | $1,388,000 |
$0 | $0 |
| Not Provided |
20 | $4,775,000 |
$238,000 | $436,000 |
$84,000 | $151,000 |
| White |
270 | $76,082,000 |
$281,000 | $3,450,000 |
$74,000 | $563,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
373 | $110,632,000 |
$296,000 | $3,450,000 |
$69,000 | $563,000 |
| 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 |
27 | $9,168,000 |
$339,000 | $1,000,000 |
$78,000 | $343,000 |
| Application Denied By Financial Institution |
53 | $19,544,000 |
$368,000 | $2,600,000 |
$60,000 | $124,000 |
| Application Withdrawn By Applicant |
19 | $4,675,000 |
$246,000 | $430,000 |
$63,000 | $163,000 |
| File Closed For Incompleteness |
12 | $4,103,000 |
$341,000 | $950,000 |
$86,000 | $152,000 |
| Loan Originated |
227 | $64,041,000 |
$282,000 | $3,450,000 |
$73,000 | $563,000 |
| 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 |
35 | $9,101,000 |
$260,000 | $620,000 |
$49,000 | $93,000 |
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| Collateral |
3 | $1,131,000 |
$377,000 | $471,000 |
$76,000 | $96,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,174,000 |
$195,000 | $319,000 |
$71,000 | $104,000 |
| Debt-To-Income Ratio |
76 | $25,737,000 |
$338,000 | $2,600,000 |
$53,000 | $124,000 |
| 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 |
2 | $312,000 |
$156,000 | $270,000 |
$73,000 | $122,000 |
| Unverifiable Information |
1 | $291,000 |
$291,000 | $291,000 |
$68,000 | $68,000 |
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Mortgage Loan App Totals for EAST BOSTON SAVINGS BANK by:
Metropolitan Area And
County
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