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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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EVERETT CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
EVERETT CO-OPERATIVE BANK |
| Address | 419 BROADWAY
EVERETT, MA 02149 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 111 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,602,000 |
| Average Mortgage Loan Amount Applied For | $410,000 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $81,750 |
| Highest Applicant Income | $255,000 |
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| Home Improvement |
16 | $1,878,000 |
$117,000 | $550,000 |
$111,000 | $248,000 |
| Home Purchase |
32 | $12,520,000 |
$391,000 | $1,043,000 |
$86,000 | $255,000 |
| Refinancing |
63 | $20,204,000 |
$320,000 | $1,500,000 |
$71,000 | $229,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $697,000 |
$232,000 | $314,000 |
$49,000 | $50,000 |
| Black or African American |
7 | $1,481,000 |
$211,000 | $450,000 |
$68,000 | $92,000 |
| Hispanic |
2 | $451,000 |
$225,000 | $431,000 |
$58,000 | $61,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $375,000 |
$375,000 | $375,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
98 | $31,598,000 |
$322,000 | $1,500,000 |
$84,000 | $255,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
111 | $34,602,000 |
$311,000 | $1,500,000 |
$81,000 | $255,000 |
| 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 |
7 | $2,231,000 |
$318,000 | $520,000 |
$94,000 | $170,000 |
| Application Denied By Financial Institution |
5 | $2,041,000 |
$408,000 | $790,000 |
$73,000 | $157,000 |
| Application Withdrawn By Applicant |
6 | $1,338,000 |
$223,000 | $340,000 |
$50,000 | $71,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
93 | $28,992,000 |
$311,000 | $1,500,000 |
$82,000 | $255,000 |
| 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 |
1 | $790,000 |
$790,000 | $790,000 |
$157,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $312,000 |
$312,000 | $312,000 |
$61,000 | $61,000 |
| Debt-To-Income Ratio |
3 | $939,000 |
$313,000 | $450,000 |
$50,000 | $75,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EVERETT CO-OPERATIVE BANK by:
Metropolitan Area And
County
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