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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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EASTERN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EASTERN BANK |
| Address | 195 MARKET ST
LYNN, MA 01901 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,682 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $881,122,000 |
| Average Mortgage Loan Amount Applied For | $522,000 |
| Highest Mortgage Loan Amount Applied For | $27,000,000 |
| Average Applicant Income | $114,953 |
| Highest Applicant Income | $2,292,000 |
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| Home Improvement |
833 | $60,290,000 |
$72,000 | $1,500,000 |
$92,000 | $794,000 |
| Home Purchase |
1,559 | $389,995,000 |
$250,000 | $27,000,000 |
$96,000 | $2,292,000 |
| Refinancing |
2,346 | $441,236,000 |
$188,000 | $19,000,000 |
$94,000 | $2,281,000 |
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| American Indian or Alaskan Native |
11 | $963,000 |
$87,000 | $218,000 |
$62,000 | $257,000 |
| Asian |
94 | $14,897,000 |
$158,000 | $600,000 |
$86,000 | $488,000 |
| Black or African American |
156 | $22,631,000 |
$145,000 | $786,000 |
$69,000 | $381,000 |
| Hispanic |
231 | $40,109,000 |
$173,000 | $595,000 |
$67,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,484,000 |
$164,000 | $341,000 |
$66,000 | $101,000 |
| Not applicable |
51 | $122,199,000 |
$2,396,000 | $27,000,000 |
$0 | $0 |
| Not Provided |
300 | $53,378,000 |
$177,000 | $1,034,000 |
$108,000 | $1,684,000 |
| White |
3,886 | $635,860,000 |
$163,000 | $1,700,000 |
$98,000 | $2,292,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,685 | $876,587,000 |
$187,000 | $27,000,000 |
$94,000 | $2,292,000 |
| FHA-insured (Federal Housing Administration) |
43 | $12,249,000 |
$284,000 | $463,000 |
$89,000 | $422,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $2,685,000 |
$268,000 | $370,000 |
$71,000 | $115,000 |
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| Application Approved But Not Accepted |
356 | $52,862,000 |
$148,000 | $1,600,000 |
$114,000 | $2,292,000 |
| Application Denied By Financial Institution |
696 | $83,962,000 |
$120,000 | $4,500,000 |
$74,000 | $938,000 |
| Application Withdrawn By Applicant |
103 | $65,354,000 |
$634,000 | $19,000,000 |
$81,000 | $487,000 |
| File Closed For Incompleteness |
51 | $14,849,000 |
$291,000 | $4,000,000 |
$92,000 | $1,500,000 |
| Loan Originated |
3,441 | $657,046,000 |
$190,000 | $27,000,000 |
$98,000 | $1,750,000 |
| Loan Purchased By The Institution |
35 | $7,049,000 |
$201,000 | $385,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
56 | $10,399,000 |
$185,000 | $580,000 |
$51,000 | $175,000 |
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| Collateral |
122 | $10,095,000 |
$82,000 | $417,000 |
$108,000 | $938,000 |
| Credit Application Incomplete |
1 | $90,000 |
$90,000 | $90,000 |
$110,000 | $110,000 |
| Credit History |
118 | $13,582,000 |
$115,000 | $700,000 |
$82,000 | $557,000 |
| Debt-To-Income Ratio |
422 | $51,378,000 |
$121,000 | $1,260,000 |
$57,000 | $304,000 |
| Employment History |
9 | $1,416,000 |
$157,000 | $450,000 |
$55,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,032,000 |
$258,000 | $550,000 |
$35,000 | $82,000 |
| Mortgage Insurance Denied |
5 | $903,000 |
$180,000 | $397,000 |
$60,000 | $82,000 |
| Other |
63 | $14,148,000 |
$224,000 | $4,500,000 |
$91,000 | $777,000 |
| Unverifiable Information |
8 | $1,717,000 |
$214,000 | $383,000 |
$88,000 | $160,000 |
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Mortgage Loan App Totals for EASTERN BANK by:
Metropolitan Area And
County
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