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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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GREENFIELD CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREENFIELD CO-OPERATIVE BANK |
| Address | 63 FEDERAL STREET, P.O. BOX 1345
GREENFIELD, MA 01302 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 302 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,293,000 |
| Average Mortgage Loan Amount Applied For | $106,600 |
| Highest Mortgage Loan Amount Applied For | $470,000 |
| Average Applicant Income | $84,200 |
| Highest Applicant Income | $322,000 |
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| Home Improvement |
89 | $2,973,000 |
$33,000 | $192,000 |
$68,000 | $233,000 |
| Home Purchase |
132 | $22,749,000 |
$172,000 | $470,000 |
$70,000 | $322,000 |
| Refinancing |
91 | $11,321,000 |
$124,000 | $415,000 |
$71,000 | $260,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $317,000 |
$105,000 | $136,000 |
$87,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
309 | $36,726,000 |
$118,000 | $470,000 |
$70,000 | $322,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
311 | $37,025,000 |
$119,000 | $470,000 |
$70,000 | $322,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $18,000 |
$18,000 | $18,000 |
$18,000 | $18,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
5 | $915,000 |
$183,000 | $249,000 |
$59,000 | $72,000 |
| Application Denied By Financial Institution |
18 | $1,382,000 |
$76,000 | $211,000 |
$44,000 | $76,000 |
| Application Withdrawn By Applicant |
17 | $2,933,000 |
$172,000 | $352,000 |
$72,000 | $144,000 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$38,000 | $38,000 |
| Loan Originated |
263 | $30,426,000 |
$115,000 | $470,000 |
$72,000 | $322,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $1,007,000 |
$167,000 | $230,000 |
$56,000 | $79,000 |
| Preapproval Denied by Financial Institution |
2 | $330,000 |
$165,000 | $194,000 |
$44,000 | $47,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $756,000 |
$94,000 | $211,000 |
$43,000 | $76,000 |
| Debt-To-Income Ratio |
7 | $688,000 |
$98,000 | $194,000 |
$37,000 | $55,000 |
| Employment History |
1 | $150,000 |
$150,000 | $150,000 |
$75,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $118,000 |
$29,000 | $68,000 |
$54,000 | $75,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GREENFIELD CO-OPERATIVE BANK by:
Metropolitan Area And
County
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