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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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NEWPORT FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEWPORT FEDERAL SAVINGS BANK |
| Address | 100 BELLEVUE AVE
NEWPORT, RI 02840 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 317 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,867,000 |
| Average Mortgage Loan Amount Applied For | $329,909 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $206,000 |
| Highest Applicant Income | $4,000,000 |
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| Home Improvement |
81 | $5,350,000 |
$66,000 | $400,000 |
$87,000 | $288,000 |
| Home Purchase |
62 | $25,271,000 |
$407,000 | $2,500,000 |
$226,000 | $4,000,000 |
| Refinancing |
175 | $31,256,000 |
$178,000 | $1,088,000 |
$94,000 | $547,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $337,000 |
$112,000 | $200,000 |
$43,000 | $49,000 |
| Black or African American |
3 | $426,000 |
$142,000 | $211,000 |
$117,000 | $152,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,899,000 |
$557,000 | $1,850,000 |
$0 | $0 |
| Not Provided |
16 | $4,476,000 |
$279,000 | $1,500,000 |
$209,000 | $2,000,000 |
| White |
289 | $52,739,000 |
$182,000 | $2,500,000 |
$117,000 | $4,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
318 | $61,877,000 |
$194,000 | $2,500,000 |
$118,000 | $4,000,000 |
| 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 |
3 | $513,000 |
$171,000 | $265,000 |
$71,000 | $88,000 |
| Application Denied By Financial Institution |
22 | $6,030,000 |
$274,000 | $2,500,000 |
$90,000 | $316,000 |
| Application Withdrawn By Applicant |
9 | $1,171,000 |
$130,000 | $200,000 |
$85,000 | $176,000 |
| File Closed For Incompleteness |
2 | $175,000 |
$87,000 | $165,000 |
$42,000 | $53,000 |
| Loan Originated |
282 | $53,988,000 |
$191,000 | $2,000,000 |
$122,000 | $4,000,000 |
| 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 |
5 | $3,555,000 |
$711,000 | $2,500,000 |
$187,000 | $316,000 |
| Credit Application Incomplete |
3 | $810,000 |
$270,000 | $400,000 |
$60,000 | $99,000 |
| Credit History |
3 | $311,000 |
$103,000 | $236,000 |
$69,000 | $94,000 |
| Debt-To-Income Ratio |
10 | $1,154,000 |
$115,000 | $310,000 |
$62,000 | $124,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$28,000 | $28,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEWPORT FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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