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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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PEOPLE'S MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLE'S MORTGAGE CORPORATION |
| Address | 580 WASHINGTON STREET
SOUTH EASTON, MA 02375 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 4,453 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $960,358,000 |
| Average Mortgage Loan Amount Applied For | $196,849 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $99,522 |
| Highest Applicant Income | $1,013,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,126 | $433,550,000 |
$190,066 | $1,750,000 |
$88,866 | $897,000 |
| Refinancing |
2,336 | $528,895,000 |
$201,076 | $1,270,000 |
$88,923 | $1,013,000 |
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| American Indian or Alaskan Native |
14 | $3,039,000 |
$207,666 | $344,000 |
$65,500 | $153,000 |
| Asian |
116 | $27,837,000 |
$198,500 | $890,000 |
$89,166 | $375,000 |
| Black or African American |
477 | $76,286,000 |
$175,700 | $392,000 |
$66,100 | $270,000 |
| Hispanic |
193 | $35,851,000 |
$171,625 | $616,000 |
$51,750 | $254,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,672,000 |
$278,500 | $550,000 |
$69,500 | $138,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
132 | $28,742,000 |
$218,125 | $1,200,000 |
$72,875 | $311,000 |
| White |
3,524 | $789,018,000 |
$198,866 | $1,750,000 |
$92,400 | $1,013,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,678 | $827,943,000 |
$192,466 | $1,750,000 |
$100,733 | $1,013,000 |
| FHA-insured (Federal Housing Administration) |
702 | $119,284,000 |
$173,846 | $423,000 |
$44,923 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
82 | $15,218,000 |
$170,625 | $322,000 |
$52,125 | $125,000 |
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| Application Approved But Not Accepted |
188 | $41,994,000 |
$175,142 | $1,750,000 |
$58,571 | $897,000 |
| Application Denied By Financial Institution |
94 | $17,251,000 |
$190,250 | $550,000 |
$78,875 | $269,000 |
| Application Withdrawn By Applicant |
71 | $11,805,000 |
$156,333 | $845,000 |
$96,833 | $393,000 |
| File Closed For Incompleteness |
37 | $5,413,000 |
$157,500 | $323,000 |
$69,000 | $210,000 |
| Loan Originated |
4,064 | $884,145,000 |
$187,928 | $1,240,000 |
$94,000 | $1,013,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $167,000 |
$167,000 | $167,000 |
$80,000 | $80,000 |
| Preapproval Denied by Financial Institution |
7 | $1,670,000 |
$238,000 | $308,000 |
$63,000 | $92,000 |
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| Collateral |
11 | $1,695,000 |
$162,166 | $334,000 |
$87,500 | $180,000 |
| Credit Application Incomplete |
4 | $519,000 |
$144,333 | $251,000 |
$45,333 | $86,000 |
| Credit History |
17 | $2,711,000 |
$194,800 | $487,000 |
$90,800 | $166,000 |
| Debt-To-Income Ratio |
23 | $4,692,000 |
$219,166 | $513,000 |
$59,000 | $113,000 |
| Employment History |
1 | $185,000 |
$185,000 | $185,000 |
$47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,008,000 |
$203,666 | $320,000 |
$48,000 | $60,000 |
| Mortgage Insurance Denied |
1 | $400,000 |
$400,000 | $400,000 |
$132,000 | $132,000 |
| Other |
34 | $6,907,000 |
$221,833 | $550,000 |
$65,333 | $269,000 |
| Unverifiable Information |
2 | $378,000 |
$189,000 | $238,000 |
$42,500 | $69,000 |
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Mortgage Loan App Totals for PEOPLE'S MORTGAGE CORPORATION by:
Metropolitan Area And
County
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