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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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FLORENCE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLORENCE SAVINGS BANK |
| Address | 85 MAIN STREET
FLORENCE, MA 01062 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 783 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $109,690,000 |
| Average Mortgage Loan Amount Applied For | $319,333 |
| Highest Mortgage Loan Amount Applied For | $1,424,000 |
| Average Applicant Income | $202,666 |
| Highest Applicant Income | $1,117,000 |
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| Home Improvement |
269 | $24,277,000 |
$90,000 | $1,200,000 |
$82,000 | $1,117,000 |
| Home Purchase |
277 | $52,516,000 |
$189,000 | $1,350,000 |
$82,000 | $600,000 |
| Refinancing |
237 | $32,897,000 |
$138,000 | $1,424,000 |
$73,000 | $327,000 |
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| American Indian or Alaskan Native |
2 | $195,000 |
$97,000 | $140,000 |
$53,000 | $62,000 |
| Asian |
9 | $1,517,000 |
$168,000 | $361,000 |
$102,000 | $235,000 |
| Black or African American |
11 | $1,162,000 |
$105,000 | $350,000 |
$64,000 | $211,000 |
| Hispanic |
12 | $1,269,000 |
$105,000 | $210,000 |
$48,000 | $129,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $7,226,000 |
$602,000 | $1,424,000 |
$26,000 | $322,000 |
| Not Provided |
5 | $689,000 |
$137,000 | $272,000 |
$171,000 | $474,000 |
| White |
732 | $97,632,000 |
$133,000 | $1,350,000 |
$80,000 | $1,117,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
783 | $109,690,000 |
$140,000 | $1,424,000 |
$79,000 | $1,117,000 |
| 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 |
23 | $2,949,000 |
$128,000 | $304,000 |
$54,000 | $127,000 |
| Application Denied By Financial Institution |
50 | $7,272,000 |
$145,000 | $1,200,000 |
$60,000 | $247,000 |
| Application Withdrawn By Applicant |
26 | $3,505,000 |
$134,000 | $365,000 |
$72,000 | $149,000 |
| File Closed For Incompleteness |
18 | $2,602,000 |
$144,000 | $400,000 |
$87,000 | $198,000 |
| Loan Originated |
666 | $93,362,000 |
$140,000 | $1,424,000 |
$82,000 | $1,117,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
9 | $1,729,000 |
$192,000 | $1,200,000 |
$66,000 | $129,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $863,000 |
$71,000 | $185,000 |
$67,000 | $133,000 |
| Debt-To-Income Ratio |
25 | $4,460,000 |
$178,000 | $500,000 |
$56,000 | $247,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $161,000 |
$80,000 | $131,000 |
$32,000 | $48,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $59,000 |
$29,000 | $39,000 |
$66,000 | $74,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FLORENCE SAVINGS BANK by:
Metropolitan Area And
County
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