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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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FIRST EASTERN MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST EASTERN MORTGAGE CORP |
| Address | 100 BRICKSTONE SQUARE
ANDOVER, MA 01810 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 912 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $168,049,000 |
| Average Mortgage Loan Amount Applied For | $193,840 |
| Highest Mortgage Loan Amount Applied For | $736,000 |
| Average Applicant Income | $109,420 |
| Highest Applicant Income | $1,235,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
417 | $75,363,000 |
$180,000 | $600,000 |
$77,000 | $308,000 |
| Refinancing |
526 | $97,777,000 |
$185,000 | $736,000 |
$82,000 | $1,235,000 |
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| American Indian or Alaskan Native |
9 | $1,153,000 |
$128,000 | $233,000 |
$54,000 | $100,000 |
| Asian |
17 | $2,953,000 |
$173,000 | $440,000 |
$68,000 | $222,000 |
| Black or African American |
13 | $2,102,000 |
$161,000 | $298,000 |
$61,000 | $117,000 |
| Hispanic |
39 | $6,335,000 |
$162,000 | $309,000 |
$67,000 | $185,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $1,934,000 |
$128,000 | $270,000 |
$86,000 | $180,000 |
| White |
850 | $158,663,000 |
$186,000 | $736,000 |
$81,000 | $1,235,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
904 | $166,221,000 |
$183,000 | $736,000 |
$81,000 | $1,235,000 |
| FHA-insured (Federal Housing Administration) |
26 | $4,657,000 |
$179,000 | $281,000 |
$57,000 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $130,000 |
$130,000 | $130,000 |
$46,000 | $46,000 |
| VA-guaranteed (Veterans Administration) |
12 | $2,132,000 |
$177,000 | $302,000 |
$60,000 | $101,000 |
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| Application Approved But Not Accepted |
86 | $19,083,000 |
$221,000 | $528,000 |
$79,000 | $228,000 |
| Application Denied By Financial Institution |
67 | $10,711,000 |
$159,000 | $530,000 |
$72,000 | $927,000 |
| Application Withdrawn By Applicant |
64 | $12,505,000 |
$195,000 | $626,000 |
$89,000 | $600,000 |
| File Closed For Incompleteness |
64 | $13,578,000 |
$212,000 | $736,000 |
$79,000 | $242,000 |
| Loan Originated |
631 | $112,172,000 |
$177,000 | $612,000 |
$81,000 | $1,235,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
26 | $4,445,000 |
$170,000 | $350,000 |
$56,000 | $118,000 |
| Preapproval Denied by Financial Institution |
5 | $646,000 |
$129,000 | $205,000 |
$60,000 | $75,000 |
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| Collateral |
6 | $613,000 |
$102,000 | $186,000 |
$59,000 | $115,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $2,233,000 |
$139,000 | $273,000 |
$61,000 | $227,000 |
| Debt-To-Income Ratio |
27 | $5,321,000 |
$197,000 | $530,000 |
$51,000 | $132,000 |
| Employment History |
4 | $583,000 |
$145,000 | $205,000 |
$89,000 | $210,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,802,000 |
$138,000 | $397,000 |
$128,000 | $927,000 |
| Unverifiable Information |
6 | $805,000 |
$134,000 | $200,000 |
$66,000 | $73,000 |
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Mortgage Loan App Totals for FIRST EASTERN MORTGAGE CORP by:
Metropolitan Area And
County
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