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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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NORTHERN BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHERN BANK & TRUST COMPANY |
| Address | 215 LEXINGTON STREET
WOBURN, MA 01801 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 105 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,822,000 |
| Average Mortgage Loan Amount Applied For | $493,363 |
| Highest Mortgage Loan Amount Applied For | $1,755,000 |
| Average Applicant Income | $183,363 |
| Highest Applicant Income | $738,000 |
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| Home Improvement |
34 | $3,495,000 |
$102,000 | $805,000 |
$96,000 | $369,000 |
| Home Purchase |
32 | $11,451,000 |
$357,000 | $800,000 |
$95,000 | $443,000 |
| Refinancing |
39 | $11,876,000 |
$304,000 | $1,755,000 |
$142,000 | $738,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $210,000 |
$105,000 | $150,000 |
$94,000 | $164,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $493,000 |
$246,000 | $488,000 |
$18,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $4,746,000 |
$474,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
6 | $1,142,000 |
$190,000 | $535,000 |
$172,000 | $369,000 |
| White |
85 | $20,231,000 |
$238,000 | $1,755,000 |
$125,000 | $738,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $26,822,000 |
$255,000 | $1,755,000 |
$113,000 | $738,000 |
| 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 |
6 | $2,333,000 |
$388,000 | $1,755,000 |
$250,000 | $722,000 |
| Application Denied By Financial Institution |
12 | $2,044,000 |
$170,000 | $627,000 |
$65,000 | $122,000 |
| Application Withdrawn By Applicant |
3 | $811,000 |
$270,000 | $488,000 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
84 | $21,634,000 |
$257,000 | $1,330,000 |
$114,000 | $738,000 |
| 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 |
2 | $572,000 |
$286,000 | $537,000 |
$96,000 | $121,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $5,000 |
$5,000 | $5,000 |
$36,000 | $36,000 |
| Debt-To-Income Ratio |
8 | $1,367,000 |
$170,000 | $627,000 |
$62,000 | $122,000 |
| 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 | $100,000 |
$100,000 | $100,000 |
$60,000 | $60,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHERN BANK & TRUST COMPANY by:
Metropolitan Area And
County
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