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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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MILLBURY SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILLBURY SAVINGS BANK |
| Address | 109 ELM STREET
MILLBURY, MA 01527 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 155 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,750,000 |
| Average Mortgage Loan Amount Applied For | $140,000 |
| Highest Mortgage Loan Amount Applied For | $725,000 |
| Average Applicant Income | $76,000 |
| Highest Applicant Income | $278,000 |
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| Home Improvement |
65 | $4,901,000 |
$75,000 | $500,000 |
$71,000 | $278,000 |
| Home Purchase |
38 | $8,596,000 |
$226,000 | $400,000 |
$79,000 | $180,000 |
| Refinancing |
56 | $9,032,000 |
$161,000 | $725,000 |
$77,000 | $233,000 |
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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 |
1 | $246,000 |
$246,000 | $246,000 |
$56,000 | $56,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $881,000 |
$220,000 | $251,000 |
$88,000 | $233,000 |
| Not Provided |
17 | $1,653,000 |
$97,000 | $452,000 |
$65,000 | $127,000 |
| White |
137 | $19,749,000 |
$144,000 | $725,000 |
$76,000 | $278,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
159 | $22,529,000 |
$141,000 | $725,000 |
$75,000 | $278,000 |
| 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 |
10 | $1,622,000 |
$162,000 | $295,000 |
$76,000 | $183,000 |
| Application Denied By Financial Institution |
12 | $1,463,000 |
$121,000 | $252,000 |
$67,000 | $127,000 |
| Application Withdrawn By Applicant |
3 | $563,000 |
$187,000 | $450,000 |
$80,000 | $113,000 |
| File Closed For Incompleteness |
1 | $256,000 |
$256,000 | $256,000 |
$129,000 | $129,000 |
| Loan Originated |
130 | $17,906,000 |
$137,000 | $725,000 |
$76,000 | $278,000 |
| 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 |
3 | $719,000 |
$239,000 | $300,000 |
$36,000 | $60,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MILLBURY SAVINGS BANK by:
Metropolitan Area And
County
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