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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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FITCHBURG SAVINGS BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
FITCHBURG SAVINGS BANK, FSB |
| Address | 780 MAIN STREET
FITCHBURG, MA 01420 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 291 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $47,951,000 |
| Average Mortgage Loan Amount Applied For | $180,666 |
| Highest Mortgage Loan Amount Applied For | $1,360,000 |
| Average Applicant Income | $69,166 |
| Highest Applicant Income | $898,000 |
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| Home Improvement |
61 | $2,434,000 |
$39,000 | $187,000 |
$64,000 | $181,000 |
| Home Purchase |
204 | $39,104,000 |
$191,000 | $700,000 |
$68,000 | $278,000 |
| Refinancing |
81 | $16,386,000 |
$202,000 | $1,360,000 |
$88,000 | $898,000 |
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| American Indian or Alaskan Native |
3 | $132,000 |
$44,000 | $60,000 |
$28,000 | $39,000 |
| Asian |
4 | $537,000 |
$134,000 | $249,000 |
$53,000 | $83,000 |
| Black or African American |
5 | $843,000 |
$168,000 | $184,000 |
$43,000 | $50,000 |
| Hispanic |
20 | $3,522,000 |
$176,000 | $700,000 |
$72,000 | $278,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $339,000 |
$169,000 | $192,000 |
$37,000 | $38,000 |
| Not applicable |
3 | $773,000 |
$257,000 | $585,000 |
$0 | $0 |
| Not Provided |
6 | $478,000 |
$79,000 | $330,000 |
$69,000 | $137,000 |
| White |
303 | $51,300,000 |
$169,000 | $1,360,000 |
$74,000 | $898,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
346 | $57,924,000 |
$167,000 | $1,360,000 |
$72,000 | $898,000 |
| 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 |
16 | $2,725,000 |
$170,000 | $330,000 |
$64,000 | $115,000 |
| Application Denied By Financial Institution |
22 | $2,544,000 |
$115,000 | $296,000 |
$43,000 | $98,000 |
| Application Withdrawn By Applicant |
13 | $2,374,000 |
$182,000 | $273,000 |
$83,000 | $386,000 |
| File Closed For Incompleteness |
1 | $230,000 |
$230,000 | $230,000 |
$59,000 | $59,000 |
| Loan Originated |
240 | $40,316,000 |
$167,000 | $1,360,000 |
$78,000 | $898,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
42 | $7,775,000 |
$185,000 | $350,000 |
$62,000 | $140,000 |
| Preapproval Denied by Financial Institution |
12 | $1,960,000 |
$163,000 | $275,000 |
$44,000 | $91,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $2,334,000 |
$155,000 | $275,000 |
$51,000 | $92,000 |
| Debt-To-Income Ratio |
16 | $1,776,000 |
$111,000 | $296,000 |
$36,000 | $98,000 |
| Employment History |
2 | $185,000 |
$92,000 | $175,000 |
$45,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $209,000 |
$209,000 | $209,000 |
$46,000 | $46,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FITCHBURG SAVINGS BANK, FSB by:
Metropolitan Area And
County
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