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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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MARBLEHEAD SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MARBLEHEAD SAVINGS BANK |
| Address | 21 ATLANTIC AVENUE
MARBLEHEAD, MA 01945 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 102 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,238,000 |
| Average Mortgage Loan Amount Applied For | $205,333 |
| Highest Mortgage Loan Amount Applied For | $820,000 |
| Average Applicant Income | $167,666 |
| Highest Applicant Income | $365,000 |
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| Home Improvement |
24 | $2,677,000 |
$111,000 | $350,000 |
$120,000 | $331,000 |
| Home Purchase |
30 | $8,341,000 |
$278,000 | $820,000 |
$102,000 | $365,000 |
| Refinancing |
49 | $8,395,000 |
$171,000 | $635,000 |
$75,000 | $231,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $415,000 |
$207,000 | $280,000 |
$62,000 | $89,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $175,000 |
$175,000 | $175,000 |
$31,000 | $31,000 |
| White |
100 | $18,823,000 |
$188,000 | $820,000 |
$95,000 | $365,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
103 | $19,413,000 |
$188,000 | $820,000 |
$93,000 | $365,000 |
| 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 | $139,000 |
$139,000 | $139,000 |
$45,000 | $45,000 |
| Application Denied By Financial Institution |
4 | $824,000 |
$206,000 | $272,000 |
$107,000 | $231,000 |
| Application Withdrawn By Applicant |
4 | $1,119,000 |
$279,000 | $415,000 |
$159,000 | $306,000 |
| File Closed For Incompleteness |
3 | $500,000 |
$166,000 | $280,000 |
$19,000 | $38,000 |
| Loan Originated |
90 | $16,656,000 |
$185,000 | $820,000 |
$94,000 | $365,000 |
| 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 |
1 | $175,000 |
$175,000 | $175,000 |
$31,000 | $31,000 |
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| Collateral |
1 | $272,000 |
$272,000 | $272,000 |
$70,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $175,000 |
$175,000 | $175,000 |
$31,000 | $31,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $267,000 |
$267,000 | $267,000 |
$70,000 | $70,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $100,000 |
$100,000 | $100,000 |
$57,000 | $57,000 |
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Mortgage Loan App Totals for MARBLEHEAD SAVINGS BANK by:
Metropolitan Area And
County
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