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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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HUDSON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HUDSON SAVINGS BANK |
| Address | 42 MAIN STREET
HUDSON, MA 01742 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 218 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,221,000 |
| Average Mortgage Loan Amount Applied For | $380,777 |
| Highest Mortgage Loan Amount Applied For | $5,900,000 |
| Average Applicant Income | $102,000 |
| Highest Applicant Income | $1,878,000 |
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| Home Improvement |
35 | $5,538,000 |
$158,000 | $355,000 |
$109,000 | $1,094,000 |
| Home Purchase |
96 | $31,084,000 |
$323,000 | $5,900,000 |
$105,000 | $1,878,000 |
| Refinancing |
90 | $23,383,000 |
$259,000 | $2,575,000 |
$93,000 | $925,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $534,000 |
$267,000 | $384,000 |
$80,000 | $103,000 |
| Black or African American |
1 | $135,000 |
$135,000 | $135,000 |
$46,000 | $46,000 |
| Hispanic |
4 | $738,000 |
$184,000 | $225,000 |
$72,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $10,208,000 |
$729,000 | $5,900,000 |
$0 | $0 |
| Not Provided |
12 | $2,300,000 |
$191,000 | $504,000 |
$180,000 | $1,094,000 |
| White |
188 | $46,090,000 |
$245,000 | $2,575,000 |
$104,000 | $1,878,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
221 | $60,005,000 |
$271,000 | $5,900,000 |
$101,000 | $1,878,000 |
| 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 |
11 | $11,247,000 |
$1,022,000 | $5,900,000 |
$25,000 | $80,000 |
| Application Denied By Financial Institution |
24 | $5,889,000 |
$245,000 | $700,000 |
$66,000 | $201,000 |
| Application Withdrawn By Applicant |
9 | $2,196,000 |
$244,000 | $400,000 |
$94,000 | $215,000 |
| File Closed For Incompleteness |
9 | $2,187,000 |
$243,000 | $825,000 |
$100,000 | $216,000 |
| Loan Originated |
165 | $37,702,000 |
$228,000 | $1,900,000 |
$112,000 | $1,878,000 |
| 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 |
3 | $784,000 |
$261,000 | $274,000 |
$46,000 | $71,000 |
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| Collateral |
3 | $886,000 |
$295,000 | $476,000 |
$84,000 | $137,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $571,000 |
$142,000 | $293,000 |
$94,000 | $201,000 |
| Debt-To-Income Ratio |
16 | $4,434,000 |
$277,000 | $700,000 |
$51,000 | $111,000 |
| Employment History |
1 | $24,000 |
$24,000 | $24,000 |
$68,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $260,000 |
$260,000 | $260,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $498,000 |
$249,000 | $323,000 |
$106,000 | $155,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HUDSON SAVINGS BANK by:
Metropolitan Area And
County
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