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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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INSTITUTION FOR SAVINGS
Mortgage Loans and Application Details
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| Mortgage Company Name |
INSTITUTION FOR SAVINGS |
| Address | 81 STATE STREET
NEWBURYPORT, MA 01950 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 282 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,940,000 |
| Average Mortgage Loan Amount Applied For | $159,333 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $108,666 |
| Highest Applicant Income | $1,652,000 |
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| Home Improvement |
64 | $8,533,000 |
$133,000 | $750,000 |
$131,000 | $678,000 |
| Home Purchase |
85 | $25,342,000 |
$298,000 | $1,200,000 |
$148,000 | $1,652,000 |
| Refinancing |
133 | $21,065,000 |
$158,000 | $1,125,000 |
$110,000 | $524,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $252,000 |
$252,000 | $252,000 |
$137,000 | $137,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $325,000 |
$325,000 | $325,000 |
$251,000 | $251,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $640,000 |
$640,000 | $640,000 |
$212,000 | $212,000 |
| Not applicable |
1 | $285,000 |
$285,000 | $285,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
278 | $53,438,000 |
$192,000 | $1,200,000 |
$126,000 | $1,652,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
282 | $54,940,000 |
$194,000 | $1,200,000 |
$126,000 | $1,652,000 |
| 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 |
21 | $5,803,000 |
$276,000 | $1,200,000 |
$139,000 | $1,000,000 |
| Application Denied By Financial Institution |
19 | $4,086,000 |
$215,000 | $650,000 |
$101,000 | $367,000 |
| Application Withdrawn By Applicant |
3 | $360,000 |
$120,000 | $305,000 |
$61,000 | $88,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
239 | $44,691,000 |
$186,000 | $1,200,000 |
$128,000 | $1,652,000 |
| 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 |
2 | $425,000 |
$212,000 | $325,000 |
$170,000 | $251,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $2,021,000 |
$224,000 | $650,000 |
$84,000 | $159,000 |
| Debt-To-Income Ratio |
7 | $1,525,000 |
$217,000 | $460,000 |
$109,000 | $367,000 |
| 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 INSTITUTION FOR SAVINGS by:
Metropolitan Area And
County
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