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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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EQUITABLE COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITABLE COOPERATIVE BANK |
| Address | 400 BROADWAY
LYNN, MA 01904 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 32 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,686,000 |
| Average Mortgage Loan Amount Applied For | $239,000 |
| Highest Mortgage Loan Amount Applied For | $516,000 |
| Average Applicant Income | $83,000 |
| Highest Applicant Income | $211,000 |
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| Home Improvement |
3 | $245,000 |
$81,000 | $150,000 |
$162,000 | $211,000 |
| Home Purchase |
11 | $2,799,000 |
$254,000 | $516,000 |
$95,000 | $163,000 |
| Refinancing |
18 | $3,642,000 |
$202,000 | $410,000 |
$80,000 | $163,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $391,000 |
$391,000 | $391,000 |
$106,000 | $106,000 |
| Black or African American |
1 | $516,000 |
$516,000 | $516,000 |
$136,000 | $136,000 |
| Hispanic |
1 | $250,000 |
$250,000 | $250,000 |
$134,000 | $134,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
29 | $5,529,000 |
$190,000 | $410,000 |
$89,000 | $211,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32 | $6,686,000 |
$208,000 | $516,000 |
$93,000 | $211,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
1 | $410,000 |
$410,000 | $410,000 |
$63,000 | $63,000 |
| Application Withdrawn By Applicant |
1 | $218,000 |
$218,000 | $218,000 |
$31,000 | $31,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
30 | $6,058,000 |
$201,000 | $516,000 |
$96,000 | $211,000 |
| 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 |
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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EQUITABLE COOPERATIVE BANK by:
Metropolitan Area And
County
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