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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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SALEM FIVE CENT SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SALEM FIVE CENT SAVINGS BANK |
| Address | 210 ESSEX STREET
SALEM, MA 01970 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 257 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,103,000 |
| Average Mortgage Loan Amount Applied For | $78,333 |
| Highest Mortgage Loan Amount Applied For | $2,830,000 |
| Average Applicant Income | $74,800 |
| Highest Applicant Income | $356,000 |
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| Home Improvement |
116 | $6,457,000 |
$55,000 | $1,269,000 |
$86,000 | $323,000 |
| Home Purchase |
28 | $9,596,000 |
$342,000 | $1,480,000 |
$61,000 | $356,000 |
| Refinancing |
118 | $11,739,000 |
$99,000 | $2,830,000 |
$99,000 | $337,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $373,000 |
$74,000 | $139,000 |
$100,000 | $166,000 |
| Black or African American |
4 | $175,000 |
$43,000 | $75,000 |
$118,000 | $281,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $9,241,000 |
$710,000 | $2,830,000 |
$0 | $0 |
| Not Provided |
68 | $4,330,000 |
$63,000 | $486,000 |
$93,000 | $327,000 |
| White |
172 | $13,673,000 |
$79,000 | $800,000 |
$93,000 | $356,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
262 | $27,792,000 |
$106,000 | $2,830,000 |
$89,000 | $356,000 |
| 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 |
21 | $1,753,000 |
$83,000 | $800,000 |
$90,000 | $281,000 |
| Application Denied By Financial Institution |
39 | $2,162,000 |
$55,000 | $350,000 |
$83,000 | $229,000 |
| Application Withdrawn By Applicant |
13 | $1,776,000 |
$136,000 | $650,000 |
$74,000 | $150,000 |
| File Closed For Incompleteness |
20 | $1,685,000 |
$84,000 | $359,000 |
$80,000 | $144,000 |
| Loan Originated |
164 | $19,727,000 |
$120,000 | $2,830,000 |
$93,000 | $356,000 |
| 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 | $689,000 |
$137,000 | $171,000 |
$67,000 | $157,000 |
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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 SALEM FIVE CENT SAVINGS BANK by:
Metropolitan Area And
County
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