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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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NORTHEAST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHEAST BANK |
| Address | 500 CANAL ST
LEWISTON, ME 04240 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 650 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,181,000 |
| Average Mortgage Loan Amount Applied For | $105,000 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $66,720 |
| Highest Applicant Income | $840,000 |
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| Home Improvement |
119 | $4,077,000 |
$34,000 | $350,000 |
$53,000 | $340,000 |
| Home Purchase |
304 | $42,457,000 |
$139,000 | $1,300,000 |
$71,000 | $733,000 |
| Refinancing |
274 | $29,222,000 |
$106,000 | $466,000 |
$73,000 | $840,000 |
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| American Indian or Alaskan Native |
6 | $539,000 |
$89,000 | $152,000 |
$59,000 | $84,000 |
| Asian |
6 | $1,117,000 |
$186,000 | $350,000 |
$56,000 | $160,000 |
| Black or African American |
1 | $20,000 |
$20,000 | $20,000 |
$146,000 | $146,000 |
| Hispanic |
7 | $684,000 |
$97,000 | $200,000 |
$50,000 | $86,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $105,000 |
$52,000 | $95,000 |
$16,000 | $32,000 |
| Not applicable |
13 | $2,053,000 |
$157,000 | $374,000 |
$0 | $0 |
| Not Provided |
64 | $8,212,000 |
$128,000 | $576,000 |
$96,000 | $682,000 |
| White |
598 | $63,026,000 |
$105,000 | $1,300,000 |
$68,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
681 | $73,956,000 |
$108,000 | $1,300,000 |
$69,000 | $840,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $930,000 |
$103,000 | $160,000 |
$37,000 | $77,000 |
| VA-guaranteed (Veterans Administration) |
7 | $870,000 |
$124,000 | $204,000 |
$42,000 | $58,000 |
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| Application Approved But Not Accepted |
62 | $8,463,000 |
$136,000 | $576,000 |
$95,000 | $840,000 |
| Application Denied By Financial Institution |
158 | $16,408,000 |
$103,000 | $454,000 |
$56,000 | $733,000 |
| Application Withdrawn By Applicant |
9 | $2,075,000 |
$230,000 | $500,000 |
$108,000 | $500,000 |
| File Closed For Incompleteness |
1 | $85,000 |
$85,000 | $85,000 |
$58,000 | $58,000 |
| Loan Originated |
425 | $43,801,000 |
$103,000 | $1,300,000 |
$72,000 | $682,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
17 | $2,085,000 |
$122,000 | $260,000 |
$50,000 | $126,000 |
| Preapproval Denied by Financial Institution |
25 | $2,839,000 |
$113,000 | $218,000 |
$32,000 | $75,000 |
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| Collateral |
3 | $188,000 |
$62,000 | $100,000 |
$38,000 | $46,000 |
| Credit Application Incomplete |
2 | $285,000 |
$142,000 | $265,000 |
$58,000 | $116,000 |
| Credit History |
52 | $3,824,000 |
$73,000 | $350,000 |
$47,000 | $127,000 |
| Debt-To-Income Ratio |
89 | $11,075,000 |
$124,000 | $349,000 |
$43,000 | $300,000 |
| Employment History |
6 | $513,000 |
$85,000 | $160,000 |
$40,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $135,000 |
$135,000 | $135,000 |
$733,000 | $733,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
19 | $1,751,000 |
$92,000 | $454,000 |
$73,000 | $180,000 |
| Unverifiable Information |
1 | $105,000 |
$105,000 | $105,000 |
$49,000 | $49,000 |
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Mortgage Loan App Totals for NORTHEAST BANK by:
Metropolitan Area And
County
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