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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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MEDWAY CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEDWAY CO-OPERATIVE BANK |
| Address | 70 MAIN STREET
MEDWAY, MA 02053 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 119 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,140,000 |
| Average Mortgage Loan Amount Applied For | $225,909 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $105,090 |
| Highest Applicant Income | $2,591,000 |
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| Home Improvement |
31 | $2,218,000 |
$71,000 | $369,000 |
$94,000 | $177,000 |
| Home Purchase |
45 | $11,140,000 |
$247,000 | $900,000 |
$145,000 | $2,591,000 |
| Refinancing |
47 | $8,717,000 |
$185,000 | $593,000 |
$99,000 | $209,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $697,000 |
$348,000 | $415,000 |
$172,000 | $270,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $548,000 |
$182,000 | $250,000 |
$122,000 | $197,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $1,236,000 |
$309,000 | $450,000 |
$78,000 | $123,000 |
| White |
114 | $19,594,000 |
$171,000 | $900,000 |
$114,000 | $2,591,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
123 | $22,075,000 |
$179,000 | $900,000 |
$114,000 | $2,591,000 |
| 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 |
7 | $1,333,000 |
$190,000 | $316,000 |
$102,000 | $154,000 |
| Application Denied By Financial Institution |
13 | $4,193,000 |
$322,000 | $900,000 |
$103,000 | $230,000 |
| Application Withdrawn By Applicant |
2 | $364,000 |
$182,000 | $204,000 |
$74,000 | $84,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
97 | $15,250,000 |
$157,000 | $417,000 |
$120,000 | $2,591,000 |
| 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 |
4 | $935,000 |
$233,000 | $450,000 |
$49,000 | $102,000 |
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| Collateral |
2 | $197,000 |
$98,000 | $120,000 |
$78,000 | $127,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,016,000 |
$254,000 | $383,000 |
$47,000 | $123,000 |
| Debt-To-Income Ratio |
4 | $970,000 |
$242,000 | $450,000 |
$74,000 | $102,000 |
| Employment History |
1 | $900,000 |
$900,000 | $900,000 |
$230,000 | $230,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $315,000 |
$157,000 | $235,000 |
$113,000 | $197,000 |
| Mortgage Insurance Denied |
1 | $242,000 |
$242,000 | $242,000 |
$60,000 | $60,000 |
| Other |
3 | $1,488,000 |
$496,000 | $593,000 |
$128,000 | $190,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MEDWAY CO-OPERATIVE BANK by:
Metropolitan Area And
County
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