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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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FRAMINGHAM CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRAMINGHAM CO-OPERATIVE BANK |
| Address | 160 COCHITUATE ROAD
FRAMINGHAM, MA 01701 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 160 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,960,000 |
| Average Mortgage Loan Amount Applied For | $284,000 |
| Highest Mortgage Loan Amount Applied For | $2,600,000 |
| Average Applicant Income | $97,888 |
| Highest Applicant Income | $1,174,000 |
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| Home Improvement |
23 | $2,353,000 |
$102,000 | $391,000 |
$95,000 | $225,000 |
| Home Purchase |
50 | $14,540,000 |
$290,000 | $550,000 |
$77,000 | $395,000 |
| Refinancing |
92 | $26,457,000 |
$287,000 | $2,600,000 |
$109,000 | $1,174,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $2,156,000 |
$308,000 | $417,000 |
$136,000 | $433,000 |
| Black or African American |
4 | $365,000 |
$91,000 | $200,000 |
$51,000 | $65,000 |
| Hispanic |
10 | $1,895,000 |
$189,000 | $500,000 |
$98,000 | $395,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
16 | $5,442,000 |
$340,000 | $900,000 |
$0 | $0 |
| Not Provided |
19 | $3,130,000 |
$164,000 | $400,000 |
$119,000 | $329,000 |
| White |
109 | $30,362,000 |
$278,000 | $2,600,000 |
$107,000 | $1,174,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
165 | $43,350,000 |
$262,000 | $2,600,000 |
$97,000 | $1,174,000 |
| 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 |
9 | $2,729,000 |
$303,000 | $550,000 |
$125,000 | $185,000 |
| Application Denied By Financial Institution |
22 | $3,956,000 |
$179,000 | $618,000 |
$63,000 | $155,000 |
| Application Withdrawn By Applicant |
5 | $717,000 |
$143,000 | $340,000 |
$69,000 | $110,000 |
| File Closed For Incompleteness |
5 | $923,000 |
$184,000 | $337,000 |
$131,000 | $329,000 |
| Loan Originated |
108 | $30,501,000 |
$282,000 | $2,600,000 |
$114,000 | $1,174,000 |
| Loan Purchased By The Institution |
12 | $3,364,000 |
$280,000 | $308,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $935,000 |
$311,000 | $450,000 |
$78,000 | $103,000 |
| Preapproval Denied by Financial Institution |
1 | $225,000 |
$225,000 | $225,000 |
$10,000 | $10,000 |
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| Collateral |
3 | $451,000 |
$150,000 | $346,000 |
$129,000 | $155,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $70,000 |
$35,000 | $50,000 |
$71,000 | $106,000 |
| Debt-To-Income Ratio |
16 | $3,248,000 |
$203,000 | $618,000 |
$52,000 | $139,000 |
| 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 | $412,000 |
$206,000 | $391,000 |
$18,000 | $37,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FRAMINGHAM CO-OPERATIVE BANK by:
Metropolitan Area And
County
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