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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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RIDGEWOOD SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIDGEWOOD SAVINGS BANK |
| Address | 71-02 FOREST AVENUE
RIDGEWOOD, NY 11385 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,310 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $509,148,000 |
| Average Mortgage Loan Amount Applied For | $458,909 |
| Highest Mortgage Loan Amount Applied For | $5,800,000 |
| Average Applicant Income | $246,454 |
| Highest Applicant Income | $4,168,000 |
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| Home Improvement |
254 | $17,985,000 |
$70,000 | $400,000 |
$100,000 | $750,000 |
| Home Purchase |
679 | $359,459,000 |
$529,000 | $2,000,000 |
$293,000 | $4,168,000 |
| Refinancing |
377 | $131,704,000 |
$349,000 | $5,800,000 |
$160,000 | $2,000,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
90 | $36,732,000 |
$408,000 | $1,380,000 |
$199,000 | $998,000 |
| Black or African American |
55 | $11,828,000 |
$215,000 | $1,500,000 |
$101,000 | $784,000 |
| Hispanic |
50 | $13,273,000 |
$265,000 | $950,000 |
$134,000 | $1,000,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $1,117,000 |
$558,000 | $952,000 |
$144,000 | $242,000 |
| Not applicable |
51 | $38,626,000 |
$757,000 | $5,800,000 |
$13,000 | $425,000 |
| Not Provided |
123 | $47,501,000 |
$386,000 | $1,500,000 |
$261,000 | $3,463,000 |
| White |
939 | $360,071,000 |
$383,000 | $2,000,000 |
$236,000 | $4,168,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,310 | $509,148,000 |
$388,000 | $5,800,000 |
$217,000 | $4,168,000 |
| 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 |
124 | $75,721,000 |
$610,000 | $2,000,000 |
$366,000 | $2,000,000 |
| Application Denied By Financial Institution |
171 | $54,801,000 |
$320,000 | $1,759,000 |
$174,000 | $1,091,000 |
| Application Withdrawn By Applicant |
60 | $12,506,000 |
$208,000 | $989,000 |
$153,000 | $1,125,000 |
| File Closed For Incompleteness |
33 | $16,727,000 |
$506,000 | $1,380,000 |
$251,000 | $758,000 |
| Loan Originated |
809 | $326,766,000 |
$403,000 | $5,800,000 |
$228,000 | $4,168,000 |
| Loan Purchased By The Institution |
113 | $22,627,000 |
$200,000 | $467,000 |
$65,000 | $300,000 |
| 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 |
5 | $1,695,000 |
$339,000 | $749,000 |
$162,000 | $385,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $1,193,000 |
$70,000 | $400,000 |
$94,000 | $192,000 |
| Debt-To-Income Ratio |
71 | $15,863,000 |
$223,000 | $1,000,000 |
$109,000 | $695,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
2 | $254,000 |
$127,000 | $141,000 |
$52,000 | $68,000 |
| Other |
74 | $35,646,000 |
$481,000 | $1,759,000 |
$263,000 | $1,091,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RIDGEWOOD SAVINGS BANK by:
Metropolitan Area And
County
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