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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 TRADE UNION BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST TRADE UNION BANK |
| Address | 25 DRYDOCK AVENUE
BOSTON, MA 02210 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 305 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,611,000 |
| Average Mortgage Loan Amount Applied For | $302,800 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $95,233 |
| Highest Applicant Income | $1,452,000 |
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| Home Improvement |
9 | $3,371,000 |
$374,000 | $992,000 |
$55,000 | $124,000 |
| Home Purchase |
198 | $61,958,000 |
$312,000 | $3,000,000 |
$96,000 | $1,452,000 |
| Refinancing |
98 | $28,282,000 |
$288,000 | $1,600,000 |
$78,000 | $433,000 |
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| American Indian or Alaskan Native |
4 | $1,092,000 |
$273,000 | $320,000 |
$65,000 | $105,000 |
| Asian |
7 | $1,922,000 |
$274,000 | $400,000 |
$74,000 | $112,000 |
| Black or African American |
6 | $1,965,000 |
$327,000 | $492,000 |
$68,000 | $117,000 |
| Hispanic |
8 | $2,390,000 |
$298,000 | $532,000 |
$80,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $332,000 |
$332,000 | $332,000 |
$70,000 | $70,000 |
| Not applicable |
5 | $4,510,000 |
$902,000 | $1,600,000 |
$17,000 | $85,000 |
| Not Provided |
34 | $11,721,000 |
$344,000 | $3,000,000 |
$121,000 | $1,452,000 |
| White |
240 | $69,679,000 |
$290,000 | $1,900,000 |
$88,000 | $1,395,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
305 | $93,611,000 |
$306,000 | $3,000,000 |
$89,000 | $1,452,000 |
| 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 |
19 | $7,274,000 |
$382,000 | $1,900,000 |
$185,000 | $1,395,000 |
| Application Denied By Financial Institution |
30 | $8,506,000 |
$283,000 | $1,110,000 |
$81,000 | $433,000 |
| Application Withdrawn By Applicant |
3 | $640,000 |
$213,000 | $332,000 |
$85,000 | $98,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
204 | $60,908,000 |
$298,000 | $3,000,000 |
$96,000 | $1,452,000 |
| Loan Purchased By The Institution |
49 | $16,283,000 |
$332,000 | $992,000 |
$30,000 | $241,000 |
| 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 |
2 | $1,290,000 |
$645,000 | $1,110,000 |
$246,000 | $433,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $804,000 |
$201,000 | $260,000 |
$80,000 | $127,000 |
| Debt-To-Income Ratio |
22 | $5,948,000 |
$270,000 | $750,000 |
$65,000 | $157,000 |
| 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 |
2 | $464,000 |
$232,000 | $240,000 |
$95,000 | $100,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST TRADE UNION BANK by:
Metropolitan Area And
County
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