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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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NORWAY SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORWAY SAVINGS BANK |
| Address | 261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 1,140 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $155,310,000 |
| Average Mortgage Loan Amount Applied For | $205,368 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $94,684 |
| Highest Applicant Income | $8,323,000 |
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| Home Improvement |
233 | $13,641,000 |
$58,000 | $3,000,000 |
$57,000 | $512,000 |
| Home Purchase |
495 | $92,703,000 |
$187,000 | $1,708,000 |
$117,000 | $8,323,000 |
| Refinancing |
412 | $48,966,000 |
$118,000 | $1,150,000 |
$69,000 | $1,650,000 |
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| American Indian or Alaskan Native |
4 | $264,000 |
$66,000 | $127,000 |
$35,000 | $51,000 |
| Asian |
5 | $480,000 |
$96,000 | $160,000 |
$57,000 | $122,000 |
| Black or African American |
2 | $470,000 |
$235,000 | $246,000 |
$54,000 | $85,000 |
| Hispanic |
7 | $409,000 |
$58,000 | $97,000 |
$51,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
25 | $5,336,000 |
$213,000 | $1,375,000 |
$0 | $20,000 |
| Not Provided |
53 | $7,976,000 |
$150,000 | $932,000 |
$227,000 | $2,596,000 |
| White |
1,044 | $140,375,000 |
$134,000 | $3,000,000 |
$83,000 | $8,323,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,140 | $155,310,000 |
$136,000 | $3,000,000 |
$87,000 | $8,323,000 |
| 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 |
107 | $19,368,000 |
$181,000 | $1,100,000 |
$109,000 | $2,596,000 |
| Application Denied By Financial Institution |
289 | $38,500,000 |
$133,000 | $3,000,000 |
$54,000 | $512,000 |
| Application Withdrawn By Applicant |
19 | $3,726,000 |
$196,000 | $540,000 |
$53,000 | $131,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
725 | $93,716,000 |
$129,000 | $1,708,000 |
$98,000 | $8,323,000 |
| 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 |
39 | $8,222,000 |
$210,000 | $3,000,000 |
$99,000 | $512,000 |
| Credit Application Incomplete |
2 | $82,000 |
$41,000 | $67,000 |
$48,000 | $57,000 |
| Credit History |
105 | $9,451,000 |
$90,000 | $300,000 |
$51,000 | $154,000 |
| Debt-To-Income Ratio |
94 | $15,140,000 |
$161,000 | $675,000 |
$36,000 | $125,000 |
| Employment History |
1 | $267,000 |
$267,000 | $267,000 |
$42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $98,000 |
$98,000 | $98,000 |
$200,000 | $200,000 |
| Mortgage Insurance Denied |
4 | $420,000 |
$105,000 | $176,000 |
$51,000 | $93,000 |
| Other |
40 | $4,021,000 |
$100,000 | $880,000 |
$53,000 | $225,000 |
| Unverifiable Information |
3 | $799,000 |
$266,000 | $675,000 |
$74,000 | $204,000 |
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Mortgage Loan App Totals for NORWAY SAVINGS BANK by:
Metropolitan Area And
County
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