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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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MARLBOROUGH CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MARLBOROUGH CO-OPERATIVE BANK |
| Address | 175 MAIN STREET
MARLBOROUGH, MA 01752 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 43 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,855,000 |
| Average Mortgage Loan Amount Applied For | $322,800 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $117,600 |
| Highest Applicant Income | $252,000 |
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| Home Improvement |
1 | $35,000 |
$35,000 | $35,000 |
$149,000 | $149,000 |
| Home Purchase |
18 | $3,149,000 |
$174,000 | $650,000 |
$79,000 | $215,000 |
| Refinancing |
24 | $4,671,000 |
$194,000 | $900,000 |
$76,000 | $252,000 |
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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 |
8 | $1,566,000 |
$195,000 | $650,000 |
$89,000 | $215,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
35 | $6,289,000 |
$179,000 | $900,000 |
$77,000 | $252,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
43 | $7,855,000 |
$182,000 | $900,000 |
$79,000 | $252,000 |
| 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 | $160,000 |
$160,000 | $160,000 |
$100,000 | $100,000 |
| Application Denied By Financial Institution |
2 | $359,000 |
$179,000 | $310,000 |
$46,000 | $55,000 |
| Application Withdrawn By Applicant |
3 | $616,000 |
$205,000 | $350,000 |
$58,000 | $83,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
37 | $6,720,000 |
$181,000 | $900,000 |
$82,000 | $252,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $310,000 |
$310,000 | $310,000 |
$55,000 | $55,000 |
| 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 MARLBOROUGH CO-OPERATIVE BANK by:
Metropolitan Area And
County
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