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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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NEEDHAM COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEEDHAM COOPERATIVE BANK |
| Address | 1063 GREAT PLAIN AVENUE
NEEDHAM, MA 02494 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 146 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,666,000 |
| Average Mortgage Loan Amount Applied For | $586,333 |
| Highest Mortgage Loan Amount Applied For | $3,920,000 |
| Average Applicant Income | $193,333 |
| Highest Applicant Income | $829,000 |
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| Home Improvement |
10 | $4,431,000 |
$443,000 | $1,000,000 |
$140,000 | $387,000 |
| Home Purchase |
70 | $40,956,000 |
$585,000 | $3,920,000 |
$164,000 | $829,000 |
| Refinancing |
67 | $33,479,000 |
$499,000 | $2,280,000 |
$181,000 | $750,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $2,613,000 |
$653,000 | $1,000,000 |
$256,000 | $326,000 |
| Black or African American |
2 | $1,644,000 |
$822,000 | $848,000 |
$245,000 | $294,000 |
| Hispanic |
2 | $4,120,000 |
$2,060,000 | $3,920,000 |
$400,000 | $800,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $7,106,000 |
$418,000 | $950,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
122 | $63,383,000 |
$519,000 | $2,314,000 |
$186,000 | $829,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
147 | $78,866,000 |
$536,000 | $3,920,000 |
$170,000 | $829,000 |
| 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 |
9 | $6,127,000 |
$680,000 | $1,930,000 |
$243,000 | $750,000 |
| Application Denied By Financial Institution |
2 | $1,771,000 |
$885,000 | $1,571,000 |
$60,000 | $120,000 |
| Application Withdrawn By Applicant |
6 | $2,981,000 |
$496,000 | $885,000 |
$161,000 | $387,000 |
| File Closed For Incompleteness |
1 | $920,000 |
$920,000 | $920,000 |
$360,000 | $360,000 |
| Loan Originated |
129 | $67,067,000 |
$519,000 | $3,920,000 |
$166,000 | $829,000 |
| 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 | $1,571,000 |
$1,571,000 | $1,571,000 |
$120,000 | $120,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$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 NEEDHAM COOPERATIVE BANK by:
Metropolitan Area And
County
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