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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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LEGACY BANKS
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEGACY BANKS |
| Address | 99 NORTH STREET
PITTSFIELD, MA 01201 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 616 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,223,000 |
| Average Mortgage Loan Amount Applied For | $116,086 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $71,465 |
| Highest Applicant Income | $1,900,000 |
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| Home Improvement |
43 | $2,559,000 |
$59,000 | $170,000 |
$61,000 | $194,000 |
| Home Purchase |
369 | $58,387,000 |
$158,000 | $1,500,000 |
$92,000 | $1,900,000 |
| Refinancing |
204 | $32,277,000 |
$158,000 | $892,000 |
$78,000 | $386,000 |
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| American Indian or Alaskan Native |
4 | $332,000 |
$83,000 | $158,000 |
$49,000 | $80,000 |
| Asian |
5 | $863,000 |
$172,000 | $365,000 |
$71,000 | $102,000 |
| Black or African American |
7 | $547,000 |
$78,000 | $144,000 |
$58,000 | $101,000 |
| Hispanic |
16 | $2,315,000 |
$144,000 | $300,000 |
$55,000 | $292,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $885,000 |
$221,000 | $446,000 |
$0 | $0 |
| Not Provided |
20 | $3,298,000 |
$164,000 | $536,000 |
$93,000 | $245,000 |
| White |
560 | $84,983,000 |
$151,000 | $1,500,000 |
$87,000 | $1,900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
616 | $93,223,000 |
$151,000 | $1,500,000 |
$85,000 | $1,900,000 |
| 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 |
69 | $7,503,000 |
$108,000 | $800,000 |
$72,000 | $1,159,000 |
| Application Denied By Financial Institution |
32 | $3,997,000 |
$124,000 | $325,000 |
$45,000 | $134,000 |
| Application Withdrawn By Applicant |
31 | $4,974,000 |
$160,000 | $892,000 |
$75,000 | $312,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
483 | $76,575,000 |
$158,000 | $1,500,000 |
$90,000 | $1,900,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $174,000 |
$174,000 | $174,000 |
$62,000 | $62,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $298,000 |
$298,000 | $298,000 |
$134,000 | $134,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $616,000 |
$102,000 | $200,000 |
$42,000 | $67,000 |
| Debt-To-Income Ratio |
17 | $1,876,000 |
$110,000 | $325,000 |
$34,000 | $72,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $181,000 |
$181,000 | $181,000 |
$75,000 | $75,000 |
| 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 LEGACY BANKS by:
Metropolitan Area And
County
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