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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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MECHANICS SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MECHANICS SAVINGS BANK |
| Address | 100 MINOT AVE
AUBURN, ME 04210 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,491 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $146,816,000 |
| Average Mortgage Loan Amount Applied For | $86,125 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $53,875 |
| Highest Applicant Income | $541,000 |
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| Home Improvement |
195 | $10,352,000 |
$53,000 | $325,000 |
$59,000 | $201,000 |
| Home Purchase |
925 | $104,284,000 |
$112,000 | $2,000,000 |
$58,000 | $541,000 |
| Refinancing |
416 | $35,943,000 |
$86,000 | $499,000 |
$54,000 | $264,000 |
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| American Indian or Alaskan Native |
11 | $840,000 |
$76,000 | $139,000 |
$39,000 | $85,000 |
| Asian |
6 | $1,096,000 |
$182,000 | $389,000 |
$96,000 | $180,000 |
| Black or African American |
1 | $40,000 |
$40,000 | $40,000 |
$37,000 | $37,000 |
| Hispanic |
10 | $1,090,000 |
$109,000 | $255,000 |
$61,000 | $160,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $312,000 |
$156,000 | $195,000 |
$59,000 | $68,000 |
| Not applicable |
8 | $1,074,000 |
$134,000 | $210,000 |
$0 | $0 |
| Not Provided |
56 | $4,262,000 |
$76,000 | $280,000 |
$63,000 | $330,000 |
| White |
1,442 | $141,865,000 |
$98,000 | $2,000,000 |
$57,000 | $541,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,536 | $150,579,000 |
$98,000 | $2,000,000 |
$57,000 | $541,000 |
| 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 |
285 | $28,949,000 |
$101,000 | $585,000 |
$56,000 | $274,000 |
| Application Denied By Financial Institution |
396 | $30,851,000 |
$77,000 | $360,000 |
$44,000 | $264,000 |
| Application Withdrawn By Applicant |
5 | $1,000,000 |
$200,000 | $417,000 |
$99,000 | $293,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
850 | $89,779,000 |
$105,000 | $2,000,000 |
$64,000 | $541,000 |
| 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 |
5 | $380,000 |
$76,000 | $128,000 |
$53,000 | $101,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
211 | $14,230,000 |
$67,000 | $225,000 |
$45,000 | $181,000 |
| Debt-To-Income Ratio |
150 | $13,967,000 |
$93,000 | $360,000 |
$44,000 | $264,000 |
| Employment History |
20 | $1,301,000 |
$65,000 | $120,000 |
$39,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $318,000 |
$159,000 | $260,000 |
$78,000 | $114,000 |
| Mortgage Insurance Denied |
1 | $141,000 |
$141,000 | $141,000 |
$40,000 | $40,000 |
| Other |
3 | $176,000 |
$58,000 | $101,000 |
$39,000 | $72,000 |
| Unverifiable Information |
3 | $310,000 |
$103,000 | $150,000 |
$35,000 | $56,000 |
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Mortgage Loan App Totals for MECHANICS SAVINGS BANK by:
Metropolitan Area And
County
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