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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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MELLON TRUST OF NEW ENGLAND
Mortgage Loans and Application Details
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| Mortgage Company Name |
MELLON TRUST OF NEW ENGLAND |
| Address | ONE BOSTON PLACE
BOSTON, MA 02108 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 366 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $307,416,000 |
| Average Mortgage Loan Amount Applied For | $762,946 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $431,090 |
| Highest Applicant Income | $3,859,000 |
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| Home Improvement |
1 | $250,000 |
$250,000 | $250,000 |
$237,000 | $237,000 |
| Home Purchase |
176 | $139,791,000 |
$794,000 | $4,750,000 |
$416,000 | $3,533,000 |
| Refinancing |
189 | $167,375,000 |
$885,000 | $6,000,000 |
$442,000 | $3,859,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $342,000 |
$342,000 | $342,000 |
$77,000 | $77,000 |
| Black or African American |
2 | $1,120,000 |
$560,000 | $720,000 |
$201,000 | $222,000 |
| Hispanic |
4 | $8,350,000 |
$2,087,000 | $6,000,000 |
$446,000 | $1,181,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $576,000 |
$576,000 | $576,000 |
$50,000 | $50,000 |
| Not Provided |
228 | $201,859,000 |
$885,000 | $4,750,000 |
$432,000 | $3,750,000 |
| White |
130 | $95,169,000 |
$732,000 | $3,000,000 |
$431,000 | $3,859,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
366 | $307,416,000 |
$839,000 | $6,000,000 |
$429,000 | $3,859,000 |
| 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 |
21 | $27,930,000 |
$1,330,000 | $4,750,000 |
$473,000 | $1,394,000 |
| Application Denied By Financial Institution |
20 | $14,506,000 |
$725,000 | $2,300,000 |
$124,000 | $303,000 |
| Application Withdrawn By Applicant |
27 | $23,112,000 |
$856,000 | $3,000,000 |
$390,000 | $3,533,000 |
| File Closed For Incompleteness |
2 | $1,424,000 |
$712,000 | $1,120,000 |
$221,000 | $298,000 |
| Loan Originated |
296 | $240,444,000 |
$812,000 | $6,000,000 |
$451,000 | $3,859,000 |
| 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 |
1 | $500,000 |
$500,000 | $500,000 |
$115,000 | $115,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $2,650,000 |
$1,325,000 | $2,300,000 |
$125,000 | $250,000 |
| Debt-To-Income Ratio |
15 | $10,336,000 |
$689,000 | $2,000,000 |
$122,000 | $303,000 |
| 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 |
2 | $1,020,000 |
$510,000 | $690,000 |
$146,000 | $292,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MELLON TRUST OF NEW ENGLAND by:
Metropolitan Area And
County
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