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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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FIDELITY COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIDELITY COOPERATIVE BANK |
| Address | 675 MAIN ST.
FITCHBURG, MA 01420 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 415 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,531,000 |
| Average Mortgage Loan Amount Applied For | $159,928 |
| Highest Mortgage Loan Amount Applied For | $1,097,000 |
| Average Applicant Income | $88,285 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
65 | $6,766,000 |
$104,000 | $875,000 |
$73,000 | $205,000 |
| Home Purchase |
157 | $32,886,000 |
$209,000 | $1,097,000 |
$80,000 | $218,000 |
| Refinancing |
197 | $23,492,000 |
$119,000 | $427,000 |
$74,000 | $400,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,130,000 |
$226,000 | $417,000 |
$137,000 | $197,000 |
| Black or African American |
1 | $204,000 |
$204,000 | $204,000 |
$60,000 | $60,000 |
| Hispanic |
9 | $1,381,000 |
$153,000 | $263,000 |
$52,000 | $104,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,844,000 |
$461,000 | $875,000 |
$0 | $0 |
| Not Provided |
26 | $3,410,000 |
$131,000 | $400,000 |
$76,000 | $205,000 |
| White |
374 | $55,175,000 |
$147,000 | $1,097,000 |
$77,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
419 | $63,144,000 |
$150,000 | $1,097,000 |
$76,000 | $400,000 |
| 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 |
11 | $1,859,000 |
$169,000 | $600,000 |
$60,000 | $151,000 |
| Application Denied By Financial Institution |
13 | $2,002,000 |
$154,000 | $307,000 |
$74,000 | $205,000 |
| Application Withdrawn By Applicant |
13 | $2,614,000 |
$201,000 | $664,000 |
$71,000 | $165,000 |
| File Closed For Incompleteness |
2 | $324,000 |
$162,000 | $204,000 |
$46,000 | $48,000 |
| Loan Originated |
378 | $55,992,000 |
$148,000 | $1,097,000 |
$77,000 | $400,000 |
| 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 |
2 | $353,000 |
$176,000 | $178,000 |
$36,000 | $42,000 |
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| Collateral |
3 | $554,000 |
$184,000 | $307,000 |
$141,000 | $205,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $897,000 |
$149,000 | $234,000 |
$41,000 | $78,000 |
| Debt-To-Income Ratio |
3 | $408,000 |
$136,000 | $198,000 |
$36,000 | $42,000 |
| 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 |
1 | $185,000 |
$185,000 | $185,000 |
$168,000 | $168,000 |
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Mortgage Loan App Totals for FIDELITY COOPERATIVE BANK by:
Metropolitan Area And
County
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