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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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HAMPDEN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HAMPDEN BANK |
| Address | 19 HARRISON AVENUE
SPRINGFIELD, MA 01101 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 831 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $108,327,000 |
| Average Mortgage Loan Amount Applied For | $87,458 |
| Highest Mortgage Loan Amount Applied For | $12,245,000 |
| Average Applicant Income | $69,270 |
| Highest Applicant Income | $892,000 |
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| Home Improvement |
88 | $8,892,000 |
$101,000 | $684,000 |
$69,000 | $196,000 |
| Home Purchase |
448 | $69,452,000 |
$155,000 | $12,245,000 |
$67,000 | $704,000 |
| Refinancing |
299 | $30,482,000 |
$101,000 | $1,155,000 |
$77,000 | $892,000 |
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| American Indian or Alaskan Native |
7 | $522,000 |
$74,000 | $162,000 |
$41,000 | $55,000 |
| Asian |
9 | $1,585,000 |
$176,000 | $430,000 |
$109,000 | $342,000 |
| Black or African American |
27 | $3,420,000 |
$126,000 | $412,000 |
$55,000 | $191,000 |
| Hispanic |
19 | $1,877,000 |
$98,000 | $297,000 |
$58,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
158 | $29,535,000 |
$186,000 | $12,245,000 |
$56,000 | $490,000 |
| Not Provided |
63 | $9,084,000 |
$144,000 | $1,175,000 |
$96,000 | $704,000 |
| White |
552 | $62,803,000 |
$113,000 | $1,155,000 |
$73,000 | $892,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
835 | $108,826,000 |
$130,000 | $12,245,000 |
$71,000 | $892,000 |
| 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 |
15 | $2,290,000 |
$152,000 | $361,000 |
$76,000 | $220,000 |
| Application Denied By Financial Institution |
159 | $13,107,000 |
$82,000 | $985,000 |
$45,000 | $140,000 |
| Application Withdrawn By Applicant |
26 | $5,139,000 |
$197,000 | $1,155,000 |
$127,000 | $892,000 |
| File Closed For Incompleteness |
120 | $7,477,000 |
$62,000 | $366,000 |
$58,000 | $300,000 |
| Loan Originated |
365 | $73,374,000 |
$201,000 | $12,245,000 |
$91,000 | $704,000 |
| Loan Purchased By The Institution |
146 | $6,940,000 |
$47,000 | $162,000 |
$50,000 | $142,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
4 | $499,000 |
$124,000 | $190,000 |
$48,000 | $54,000 |
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| Collateral |
6 | $428,000 |
$71,000 | $125,000 |
$53,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $2,996,000 |
$124,000 | $720,000 |
$60,000 | $133,000 |
| Debt-To-Income Ratio |
80 | $6,891,000 |
$86,000 | $338,000 |
$39,000 | $140,000 |
| Employment History |
13 | $485,000 |
$37,000 | $76,000 |
$36,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
34 | $1,660,000 |
$48,000 | $170,000 |
$54,000 | $115,000 |
| Unverifiable Information |
3 | $145,000 |
$48,000 | $85,000 |
$45,000 | $61,000 |
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Mortgage Loan App Totals for HAMPDEN BANK by:
Metropolitan Area And
County
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