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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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LEADER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEADER BANK |
| Address | 180 MASSACHUSETTS AVENUE
ARLINGTON, MA 02474 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 505 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $163,090,000 |
| Average Mortgage Loan Amount Applied For | $353,945 |
| Highest Mortgage Loan Amount Applied For | $3,997,000 |
| Average Applicant Income | $230,621 |
| Highest Applicant Income | $2,286,000 |
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| Home Improvement |
1 | $234,000 |
$234,000 | $234,000 |
$75,000 | $75,000 |
| Home Purchase |
300 | $92,991,000 |
$309,000 | $3,997,000 |
$141,000 | $2,286,000 |
| Refinancing |
204 | $69,865,000 |
$342,000 | $3,500,000 |
$149,000 | $1,130,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
168 | $55,306,000 |
$329,000 | $2,156,000 |
$164,000 | $2,286,000 |
| Black or African American |
4 | $1,109,000 |
$277,000 | $417,000 |
$97,000 | $139,000 |
| Hispanic |
8 | $1,504,000 |
$188,000 | $366,000 |
$54,000 | $94,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $10,837,000 |
$1,806,000 | $3,997,000 |
$0 | $0 |
| Not Provided |
3 | $1,185,000 |
$395,000 | $645,000 |
$111,000 | $167,000 |
| White |
316 | $93,149,000 |
$294,000 | $1,200,000 |
$140,000 | $2,108,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
505 | $163,090,000 |
$322,000 | $3,997,000 |
$144,000 | $2,286,000 |
| 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 | $539,000 |
$539,000 | $539,000 |
$83,000 | $83,000 |
| Application Denied By Financial Institution |
4 | $1,094,000 |
$273,000 | $390,000 |
$67,000 | $97,000 |
| Application Withdrawn By Applicant |
43 | $15,812,000 |
$367,000 | $1,220,000 |
$139,000 | $1,130,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
457 | $145,645,000 |
$318,000 | $3,997,000 |
$145,000 | $2,286,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $390,000 |
$390,000 | $390,000 |
$65,000 | $65,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $245,000 |
$245,000 | $245,000 |
$44,000 | $44,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $459,000 |
$229,000 | $234,000 |
$80,000 | $97,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LEADER BANK by:
Metropolitan Area And
County
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