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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 CAMBRIDGE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EAST CAMBRIDGE SAVINGS BANK |
| Address | 292 CAMBRIDGE STREET
CAMBRIDGE, MA 02141 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 304 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $90,554,000 |
| Average Mortgage Loan Amount Applied For | $270,777 |
| Highest Mortgage Loan Amount Applied For | $4,150,000 |
| Average Applicant Income | $143,888 |
| Highest Applicant Income | $1,914,000 |
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| Home Improvement |
58 | $8,532,000 |
$147,000 | $1,800,000 |
$89,000 | $312,000 |
| Home Purchase |
149 | $53,864,000 |
$361,000 | $3,194,000 |
$135,000 | $1,914,000 |
| Refinancing |
100 | $28,883,000 |
$288,000 | $4,150,000 |
$111,000 | $1,200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
18 | $6,687,000 |
$371,000 | $1,000,000 |
$116,000 | $493,000 |
| Black or African American |
13 | $2,329,000 |
$179,000 | $520,000 |
$89,000 | $146,000 |
| Hispanic |
10 | $2,512,000 |
$251,000 | $500,000 |
$63,000 | $117,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $25,000 |
$25,000 | $25,000 |
$57,000 | $57,000 |
| Not applicable |
7 | $8,172,000 |
$1,167,000 | $4,150,000 |
$30,000 | $120,000 |
| Not Provided |
36 | $3,399,000 |
$94,000 | $400,000 |
$89,000 | $244,000 |
| White |
222 | $68,155,000 |
$307,000 | $3,194,000 |
$131,000 | $1,914,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
307 | $91,279,000 |
$297,000 | $4,150,000 |
$119,000 | $1,914,000 |
| 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 |
22 | $6,379,000 |
$289,000 | $3,194,000 |
$171,000 | $1,914,000 |
| Application Denied By Financial Institution |
29 | $4,861,000 |
$167,000 | $585,000 |
$68,000 | $156,000 |
| Application Withdrawn By Applicant |
10 | $4,017,000 |
$401,000 | $1,800,000 |
$87,000 | $117,000 |
| File Closed For Incompleteness |
2 | $90,000 |
$45,000 | $50,000 |
$110,000 | $135,000 |
| Loan Originated |
241 | $75,207,000 |
$312,000 | $4,150,000 |
$122,000 | $1,200,000 |
| 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 |
3 | $725,000 |
$241,000 | $350,000 |
$47,000 | $58,000 |
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| Collateral |
3 | $445,000 |
$148,000 | $314,000 |
$95,000 | $156,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,467,000 |
$244,000 | $585,000 |
$100,000 | $156,000 |
| Debt-To-Income Ratio |
18 | $2,890,000 |
$160,000 | $500,000 |
$54,000 | $145,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
2 | $604,000 |
$302,000 | $350,000 |
$73,000 | $97,000 |
| Other |
1 | $10,000 |
$10,000 | $10,000 |
$29,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EAST CAMBRIDGE SAVINGS BANK by:
Metropolitan Area And
County
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