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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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READING CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
READING CO-OPERATIVE BANK |
| Address | 180 HAVEN STREET
READING, MA 01867 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 66 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,796,000 |
| Average Mortgage Loan Amount Applied For | $148,000 |
| Highest Mortgage Loan Amount Applied For | $585,000 |
| Average Applicant Income | $105,000 |
| Highest Applicant Income | $441,000 |
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| Home Improvement |
15 | $1,519,000 |
$101,000 | $575,000 |
$100,000 | $215,000 |
| Home Purchase |
22 | $7,589,000 |
$344,000 | $995,000 |
$73,000 | $352,000 |
| Refinancing |
52 | $11,011,000 |
$211,000 | $1,100,000 |
$105,000 | $441,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $60,000 |
$60,000 | $60,000 |
$52,000 | $52,000 |
| Not applicable |
10 | $6,247,000 |
$624,000 | $1,100,000 |
$0 | $0 |
| Not Provided |
3 | $259,000 |
$86,000 | $120,000 |
$151,000 | $191,000 |
| White |
75 | $13,553,000 |
$180,000 | $621,000 |
$108,000 | $441,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
89 | $20,119,000 |
$226,000 | $1,100,000 |
$96,000 | $441,000 |
| 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 | $1,245,000 |
$207,000 | $417,000 |
$126,000 | $352,000 |
| Application Denied By Financial Institution |
12 | $3,008,000 |
$250,000 | $621,000 |
$83,000 | $181,000 |
| Application Withdrawn By Applicant |
1 | $60,000 |
$60,000 | $60,000 |
$119,000 | $119,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
60 | $9,559,000 |
$159,000 | $585,000 |
$112,000 | $441,000 |
| Loan Purchased By The Institution |
10 | $6,247,000 |
$624,000 | $1,100,000 |
$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 |
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 READING CO-OPERATIVE BANK by:
Metropolitan Area And
County
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