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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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NORTH MIDDLESEX SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTH MIDDLESEX SAVINGS BANK |
| Address | 7 MAIN STREET
AYER, MA 01432 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 219 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,154,000 |
| Average Mortgage Loan Amount Applied For | $198,666 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $110,666 |
| Highest Applicant Income | $632,000 |
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| Home Improvement |
71 | $7,766,000 |
$109,000 | $562,000 |
$94,000 | $269,000 |
| Home Purchase |
61 | $16,031,000 |
$262,000 | $675,000 |
$105,000 | $557,000 |
| Refinancing |
87 | $15,357,000 |
$176,000 | $850,000 |
$90,000 | $632,000 |
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| American Indian or Alaskan Native |
2 | $350,000 |
$175,000 | $260,000 |
$104,000 | $154,000 |
| Asian |
7 | $1,812,000 |
$258,000 | $382,000 |
$92,000 | $132,000 |
| Black or African American |
3 | $318,000 |
$106,000 | $208,000 |
$65,000 | $78,000 |
| Hispanic |
6 | $1,165,000 |
$194,000 | $283,000 |
$80,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $567,000 |
$37,000 | $90,000 |
$90,000 | $140,000 |
| White |
186 | $34,942,000 |
$187,000 | $850,000 |
$97,000 | $632,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
219 | $39,154,000 |
$178,000 | $850,000 |
$95,000 | $632,000 |
| 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 |
7 | $1,154,000 |
$164,000 | $256,000 |
$78,000 | $149,000 |
| Application Denied By Financial Institution |
20 | $2,910,000 |
$145,000 | $742,000 |
$66,000 | $170,000 |
| Application Withdrawn By Applicant |
8 | $2,367,000 |
$295,000 | $850,000 |
$122,000 | $222,000 |
| File Closed For Incompleteness |
1 | $283,000 |
$283,000 | $283,000 |
$78,000 | $78,000 |
| Loan Originated |
183 | $32,440,000 |
$177,000 | $675,000 |
$98,000 | $632,000 |
| 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 NORTH MIDDLESEX SAVINGS BANK by:
Metropolitan Area And
County
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