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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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FREEDOM NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FREEDOM NATIONAL BANK |
| Address | 584 PUTNAM PIKE
GREENVILLE, RI 02828 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 44 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,335,000 |
| Average Mortgage Loan Amount Applied For | $158,166 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $81,166 |
| Highest Applicant Income | $188,000 |
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| Home Improvement |
22 | $1,129,000 |
$51,000 | $125,000 |
$81,000 | $188,000 |
| Home Purchase |
5 | $1,223,000 |
$244,000 | $400,000 |
$42,000 | $120,000 |
| Refinancing |
17 | $1,983,000 |
$116,000 | $500,000 |
$71,000 | $148,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $100,000 |
$100,000 | $100,000 |
$102,000 | $102,000 |
| Black or African American |
1 | $300,000 |
$300,000 | $300,000 |
$95,000 | $95,000 |
| Hispanic |
1 | $100,000 |
$100,000 | $100,000 |
$120,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $318,000 |
$318,000 | $318,000 |
$0 | $0 |
| Not Provided |
6 | $330,000 |
$55,000 | $100,000 |
$72,000 | $87,000 |
| White |
34 | $3,187,000 |
$93,000 | $500,000 |
$72,000 | $188,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
44 | $4,335,000 |
$98,000 | $500,000 |
$73,000 | $188,000 |
| 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 |
1 | $40,000 |
$40,000 | $40,000 |
$58,000 | $58,000 |
| Application Denied By Financial Institution |
12 | $635,000 |
$52,000 | $100,000 |
$56,000 | $102,000 |
| Application Withdrawn By Applicant |
4 | $870,000 |
$217,000 | $400,000 |
$35,000 | $90,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
27 | $2,790,000 |
$103,000 | $500,000 |
$86,000 | $188,000 |
| 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 |
1 | $65,000 |
$65,000 | $65,000 |
$75,000 | $75,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $30,000 |
$30,000 | $30,000 |
$69,000 | $69,000 |
| Debt-To-Income Ratio |
10 | $540,000 |
$54,000 | $100,000 |
$53,000 | $102,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FREEDOM NATIONAL BANK by:
Metropolitan Area And
County
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