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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 ESSEX BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ESSEX BANK, FSB |
| Address | 900 CHELMSFORD STREET
LOWELL, MA 01851 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 740 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $129,360,000 |
| Average Mortgage Loan Amount Applied For | $185,850 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $100,000 |
| Highest Applicant Income | $1,038,000 |
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| Home Improvement (one-to-four family) |
8 | $32,000 |
$4,000 | $5,000 |
$60,000 | $186,000 |
| Home Purchase (one-to-four family) |
189 | $36,396,000 |
$195,000 | $933,000 |
$89,000 | $566,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
543 | $92,932,000 |
$210,666 | $1,100,000 |
$101,333 | $1,038,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
13 | $2,370,000 |
$179,000 | $531,000 |
$83,000 | $175,000 |
| Black |
6 | $744,000 |
$95,000 | $203,000 |
$46,500 | $126,000 |
| Hispanic |
34 | $5,792,000 |
$211,000 | $361,000 |
$78,000 | $473,000 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $937,000 |
$155,500 | $461,000 |
$105,500 | $369,000 |
| White |
681 | $119,517,000 |
$214,666 | $1,100,000 |
$100,666 | $1,038,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
720 | $125,875,000 |
$213,666 | $1,100,000 |
$100,666 | $1,038,000 |
| FHA-insured (Federal Housing Administration) |
17 | $2,940,000 |
$174,500 | $306,000 |
$61,500 | $176,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $545,000 |
$181,000 | $255,000 |
$83,000 | $111,000 |
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| Application Approved But Not Accepted |
27 | $4,773,000 |
$192,000 | $450,000 |
$122,666 | $577,000 |
| Application Denied By Financial Institution |
35 | $5,800,000 |
$153,000 | $660,000 |
$66,500 | $284,000 |
| Application Withdrawn By Applicant |
39 | $6,313,000 |
$162,000 | $493,000 |
$83,500 | $204,000 |
| File Closed For Incompleteness |
8 | $1,355,000 |
$169,000 | $323,000 |
$117,000 | $333,000 |
| Loan Originated |
631 | $111,119,000 |
$222,000 | $1,100,000 |
$89,333 | $1,038,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
12 | $3,006,000 |
$209,000 | $660,000 |
$62,500 | $278,000 |
| Credit Application Incomplete |
3 | $530,000 |
$157,500 | $220,000 |
$118,500 | $284,000 |
| Credit History |
10 | $752,000 |
$79,000 | $260,000 |
$53,500 | $107,000 |
| Debt-To-Income Ratio |
7 | $1,208,000 |
$174,000 | $236,000 |
$50,500 | $91,000 |
| 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 |
3 | $304,000 |
$91,000 | $124,000 |
$31,500 | $35,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST ESSEX BANK, FSB by:
Metropolitan Area And
County
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