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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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NATIONAL GRAND BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NATIONAL GRAND BANK |
| Address | 91 PLEASANT STREET
MARBLEHEAD, MA 01945 |
| 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 | 87 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,268,000 |
| Average Mortgage Loan Amount Applied For | $504,500 |
| Highest Mortgage Loan Amount Applied For | $2,295,000 |
| Average Applicant Income | $261,000 |
| Highest Applicant Income | $1,561,000 |
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| Home Improvement |
15 | $3,113,000 |
$207,000 | $1,120,000 |
$130,000 | $789,000 |
| Home Purchase |
21 | $9,285,000 |
$442,000 | $2,000,000 |
$192,000 | $952,000 |
| Refinancing |
51 | $16,870,000 |
$330,000 | $2,295,000 |
$166,000 | $1,561,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $353,000 |
$176,000 | $350,000 |
$71,000 | $94,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
85 | $28,915,000 |
$340,000 | $2,295,000 |
$169,000 | $1,561,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
87 | $29,268,000 |
$336,000 | $2,295,000 |
$166,000 | $1,561,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
1 | $268,000 |
$268,000 | $268,000 |
$199,000 | $199,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
86 | $29,000,000 |
$337,000 | $2,295,000 |
$166,000 | $1,561,000 |
| 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 |
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 NATIONAL GRAND BANK by:
Metropolitan Area And
County
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