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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 & OCEAN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST & OCEAN NATIONAL BANK |
| Address | 51 STATE STREET
NEWBURYPORT, MA 01950 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 258 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,671,000 |
| Average Mortgage Loan Amount Applied For | $211,333 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $96,166 |
| Highest Applicant Income | $779,000 |
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| Home Improvement (one-to-four family) |
3 | $508,000 |
$129,500 | $488,000 |
$102,000 | $112,000 |
| Home Purchase (one-to-four family) |
55 | $13,776,000 |
$233,666 | $544,000 |
$121,000 | $779,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
1 | $305,000 |
$305,000 | $305,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
200 | $38,262,000 |
$185,750 | $2,000,000 |
$141,500 | $395,000 |
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| American Indian or Alaskan Native |
1 | $200,000 |
$200,000 | $200,000 |
$58,000 | $58,000 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
1 | $178,000 |
$178,000 | $178,000 |
$82,000 | $82,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Information not provided by applicant in mail or telephone application |
4 | $503,000 |
$142,666 | $250,000 |
$80,000 | $123,000 |
| Not applicable |
3 | $474,000 |
$158,000 | $176,000 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
250 | $51,496,000 |
$200,250 | $2,000,000 |
$153,000 | $779,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
259 | $52,851,000 |
$194,750 | $2,000,000 |
$148,250 | $779,000 |
| 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 |
14 | $3,318,000 |
$236,333 | $600,000 |
$109,666 | $284,000 |
| Application Denied By Financial Institution |
13 | $3,763,000 |
$262,500 | $700,000 |
$83,000 | $315,000 |
| Application Withdrawn By Applicant |
30 | $6,631,000 |
$187,000 | $500,000 |
$131,500 | $300,000 |
| File Closed For Incompleteness |
2 | $515,000 |
$257,500 | $323,000 |
$39,000 | $50,000 |
| Loan Originated |
200 | $38,624,000 |
$198,666 | $2,000,000 |
$109,000 | $779,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $210,000 |
$210,000 | $210,000 |
$144,000 | $144,000 |
| Credit History |
3 | $815,000 |
$271,000 | $315,000 |
$108,000 | $159,000 |
| Debt-To-Income Ratio |
5 | $1,865,000 |
$329,000 | $700,000 |
$81,000 | $315,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
2 | $343,000 |
$171,500 | $193,000 |
$76,500 | $78,000 |
| Other |
1 | $80,000 |
$80,000 | $80,000 |
$37,000 | $37,000 |
| Unverifiable Information |
1 | $450,000 |
$450,000 | $450,000 |
$144,000 | $144,000 |
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Mortgage Loan App Totals for FIRST & OCEAN NATIONAL BANK by:
Metropolitan Area And
County
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