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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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NORWOOD COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORWOOD COOPERATIVE BANK |
| Address | 11 CENTRAL STREET
NORWOOD, MA 02062 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,057,000 |
| Average Mortgage Loan Amount Applied For | $245,625 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $120,375 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
63 | $7,681,000 |
$121,000 | $900,000 |
$97,000 | $572,000 |
| Home Purchase |
72 | $19,734,000 |
$274,000 | $1,343,000 |
$101,000 | $1,500,000 |
| Refinancing |
132 | $24,717,000 |
$187,000 | $2,000,000 |
$128,000 | $1,332,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $1,087,000 |
$271,000 | $800,000 |
$102,000 | $197,000 |
| Black or African American |
3 | $987,000 |
$329,000 | $445,000 |
$95,000 | $144,000 |
| Hispanic |
2 | $452,000 |
$226,000 | $377,000 |
$141,000 | $141,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $337,000 |
$337,000 | $337,000 |
$22,000 | $22,000 |
| Not Provided |
31 | $6,980,000 |
$225,000 | $1,600,000 |
$143,000 | $839,000 |
| White |
226 | $42,289,000 |
$187,000 | $2,000,000 |
$110,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
267 | $52,132,000 |
$195,000 | $2,000,000 |
$113,000 | $1,500,000 |
| 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 |
3 | $257,000 |
$85,000 | $200,000 |
$144,000 | $282,000 |
| Application Denied By Financial Institution |
25 | $5,327,000 |
$213,000 | $800,000 |
$63,000 | $162,000 |
| Application Withdrawn By Applicant |
27 | $8,866,000 |
$328,000 | $2,000,000 |
$182,000 | $1,500,000 |
| File Closed For Incompleteness |
6 | $1,281,000 |
$213,000 | $550,000 |
$102,000 | $160,000 |
| Loan Originated |
201 | $35,326,000 |
$175,000 | $1,343,000 |
$112,000 | $1,068,000 |
| 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 |
5 | $1,075,000 |
$215,000 | $285,000 |
$41,000 | $74,000 |
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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 NORWOOD COOPERATIVE BANK by:
Metropolitan Area And
County
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