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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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MT. WASHINGTON COOPERATIVE BAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
MT. WASHINGTON COOPERATIVE BAN |
| Address | 455 WEST BROADWAY
SOUTH BOSTON, MA 02127 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 470 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $123,411,000 |
| Average Mortgage Loan Amount Applied For | $285,533 |
| Highest Mortgage Loan Amount Applied For | $1,675,000 |
| Average Applicant Income | $96,200 |
| Highest Applicant Income | $1,426,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
318 | $71,004,000 |
$223,000 | $800,000 |
$98,000 | $1,426,000 |
| Refinancing |
159 | $54,188,000 |
$340,000 | $1,675,000 |
$83,000 | $827,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,746,000 |
$291,000 | $700,000 |
$96,000 | $284,000 |
| Black or African American |
26 | $6,107,000 |
$234,000 | $502,000 |
$69,000 | $120,000 |
| Hispanic |
1 | $427,000 |
$427,000 | $427,000 |
$92,000 | $92,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $504,000 |
$504,000 | $504,000 |
$167,000 | $167,000 |
| Not applicable |
34 | $15,274,000 |
$449,000 | $996,000 |
$0 | $0 |
| Not Provided |
22 | $10,488,000 |
$476,000 | $1,675,000 |
$125,000 | $1,426,000 |
| White |
387 | $90,646,000 |
$234,000 | $920,000 |
$101,000 | $827,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
477 | $125,192,000 |
$262,000 | $1,675,000 |
$93,000 | $1,426,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $1,375,000 |
$196,000 | $394,000 |
$71,000 | $105,000 |
| Application Withdrawn By Applicant |
24 | $8,549,000 |
$356,000 | $800,000 |
$110,000 | $463,000 |
| File Closed For Incompleteness |
2 | $164,000 |
$82,000 | $130,000 |
$54,000 | $54,000 |
| Loan Originated |
403 | $98,049,000 |
$243,000 | $1,675,000 |
$101,000 | $1,426,000 |
| Loan Purchased By The Institution |
34 | $15,274,000 |
$449,000 | $996,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
7 | $1,781,000 |
$254,000 | $406,000 |
$100,000 | $134,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
5 | $612,000 |
$122,000 | $270,000 |
$72,000 | $105,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $369,000 |
$369,000 | $369,000 |
$57,000 | $57,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $394,000 |
$394,000 | $394,000 |
$81,000 | $81,000 |
| 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 MT. WASHINGTON COOPERATIVE BAN by:
Metropolitan Area And
County
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