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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 | 330 SWANSEA MALL DRIVE
SWANSEA, MA 02375 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,790 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $433,221,000 |
| Average Mortgage Loan Amount Applied For | $232,270 |
| Highest Mortgage Loan Amount Applied For | $1,740,000 |
| Average Applicant Income | $109,843 |
| Highest Applicant Income | $864,000 |
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| Home Improvement |
2 | $518,000 |
$259,000 | $352,000 |
$86,000 | $94,000 |
| Home Purchase |
885 | $209,462,000 |
$236,000 | $1,000,000 |
$102,000 | $864,000 |
| Refinancing |
903 | $223,241,000 |
$247,000 | $1,740,000 |
$95,000 | $505,000 |
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| American Indian or Alaskan Native |
3 | $822,000 |
$274,000 | $416,000 |
$72,000 | $82,000 |
| Asian |
33 | $7,967,000 |
$241,000 | $650,000 |
$116,000 | $336,000 |
| Black or African American |
189 | $37,722,000 |
$199,000 | $640,000 |
$82,000 | $283,000 |
| Hispanic |
66 | $13,234,000 |
$200,000 | $456,000 |
$74,000 | $187,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $1,506,000 |
$376,000 | $480,000 |
$91,000 | $166,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
23 | $5,954,000 |
$258,000 | $599,000 |
$110,000 | $279,000 |
| White |
1,472 | $366,016,000 |
$248,000 | $1,740,000 |
$101,000 | $864,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,582 | $386,553,000 |
$244,000 | $1,740,000 |
$102,000 | $864,000 |
| FHA-insured (Federal Housing Administration) |
175 | $37,917,000 |
$216,000 | $366,000 |
$71,000 | $283,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
33 | $8,751,000 |
$265,000 | $403,000 |
$71,000 | $111,000 |
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| Application Approved But Not Accepted |
61 | $16,948,000 |
$277,000 | $1,176,000 |
$93,000 | $336,000 |
| Application Denied By Financial Institution |
35 | $7,593,000 |
$216,000 | $750,000 |
$103,000 | $267,000 |
| Application Withdrawn By Applicant |
43 | $9,885,000 |
$229,000 | $850,000 |
$101,000 | $752,000 |
| File Closed For Incompleteness |
17 | $4,811,000 |
$283,000 | $980,000 |
$124,000 | $864,000 |
| Loan Originated |
1,634 | $393,984,000 |
$241,000 | $1,740,000 |
$98,000 | $788,000 |
| 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 |
13 | $2,362,000 |
$181,000 | $380,000 |
$132,000 | $267,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $707,000 |
$235,000 | $480,000 |
$75,000 | $90,000 |
| Debt-To-Income Ratio |
12 | $3,021,000 |
$251,000 | $750,000 |
$83,000 | $215,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $1,249,000 |
$249,000 | $480,000 |
$98,000 | $147,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $188,000 |
$188,000 | $188,000 |
$97,000 | $97,000 |
| Unverifiable Information |
1 | $66,000 |
$66,000 | $66,000 |
$66,000 | $66,000 |
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Mortgage Loan App Totals for PEOPLE'S MORTGAGE CORPORATION by:
Metropolitan Area And
County
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