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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 SHORE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTH SHORE BANK |
| Address | 32 MAIN STREET
PEABODY, MA 01960 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 302 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,550,000 |
| Average Mortgage Loan Amount Applied For | $157,857 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $91,857 |
| Highest Applicant Income | $1,162,000 |
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| Home Improvement |
107 | $10,937,000 |
$102,000 | $900,000 |
$92,000 | $431,000 |
| Home Purchase |
73 | $17,286,000 |
$236,000 | $600,000 |
$95,000 | $1,162,000 |
| Refinancing |
130 | $18,761,000 |
$144,000 | $750,000 |
$94,000 | $650,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $955,000 |
$238,000 | $417,000 |
$151,000 | $323,000 |
| Black or African American |
2 | $430,000 |
$215,000 | $270,000 |
$72,000 | $84,000 |
| Hispanic |
3 | $255,000 |
$85,000 | $160,000 |
$53,000 | $71,000 |
| 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 |
301 | $45,344,000 |
$150,000 | $900,000 |
$93,000 | $1,162,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
310 | $46,984,000 |
$151,000 | $900,000 |
$94,000 | $1,162,000 |
| 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 |
11 | $1,429,000 |
$129,000 | $550,000 |
$89,000 | $306,000 |
| Application Denied By Financial Institution |
31 | $4,364,000 |
$140,000 | $435,000 |
$76,000 | $185,000 |
| Application Withdrawn By Applicant |
6 | $485,000 |
$80,000 | $145,000 |
$72,000 | $192,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
254 | $39,272,000 |
$154,000 | $900,000 |
$98,000 | $1,162,000 |
| 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 |
8 | $1,434,000 |
$179,000 | $252,000 |
$44,000 | $80,000 |
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| Collateral |
13 | $1,998,000 |
$153,000 | $417,000 |
$105,000 | $185,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $1,283,000 |
$160,000 | $252,000 |
$64,000 | $80,000 |
| Debt-To-Income Ratio |
17 | $2,439,000 |
$143,000 | $435,000 |
$50,000 | $169,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $78,000 |
$78,000 | $78,000 |
$0 | $0 |
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Mortgage Loan App Totals for NORTH SHORE BANK by:
Metropolitan Area And
County
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