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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 MORTGAGE CO., LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SALEM FIVE MORTGAGE CO., LLC |
| 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 | 2,278 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $576,305,000 |
| Average Mortgage Loan Amount Applied For | $209,627 |
| Highest Mortgage Loan Amount Applied For | $2,880,000 |
| Average Applicant Income | $98,406 |
| Highest Applicant Income | $4,603,000 |
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| Home Improvement |
134 | $45,848,000 |
$342,000 | $2,880,000 |
$117,000 | $1,500,000 |
| Home Purchase |
1,088 | $276,811,000 |
$254,000 | $2,590,000 |
$111,000 | $4,603,000 |
| Refinancing |
1,056 | $253,646,000 |
$240,000 | $2,194,000 |
$108,000 | $4,506,000 |
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| American Indian or Alaskan Native |
5 | $973,000 |
$194,000 | $400,000 |
$103,000 | $168,000 |
| Asian |
50 | $13,706,000 |
$274,000 | $813,000 |
$110,000 | $550,000 |
| Black or African American |
54 | $12,986,000 |
$240,000 | $690,000 |
$72,000 | $201,000 |
| Hispanic |
120 | $25,830,000 |
$215,000 | $532,000 |
$110,000 | $3,172,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $298,000 |
$298,000 | $298,000 |
$135,000 | $135,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
62 | $15,452,000 |
$249,000 | $1,400,000 |
$135,000 | $1,992,000 |
| White |
1,986 | $507,060,000 |
$255,000 | $2,880,000 |
$110,000 | $4,603,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,258 | $571,387,000 |
$253,000 | $2,880,000 |
$110,000 | $4,603,000 |
| FHA-insured (Federal Housing Administration) |
18 | $4,524,000 |
$251,000 | $431,000 |
$76,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $394,000 |
$197,000 | $220,000 |
$49,000 | $59,000 |
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| Application Approved But Not Accepted |
42 | $9,335,000 |
$222,000 | $560,000 |
$118,000 | $634,000 |
| Application Denied By Financial Institution |
59 | $16,808,000 |
$284,000 | $2,573,000 |
$91,000 | $660,000 |
| Application Withdrawn By Applicant |
349 | $91,049,000 |
$260,000 | $1,596,000 |
$109,000 | $3,000,000 |
| File Closed For Incompleteness |
30 | $8,707,000 |
$290,000 | $910,000 |
$91,000 | $252,000 |
| Loan Originated |
1,798 | $450,406,000 |
$250,000 | $2,880,000 |
$111,000 | $4,603,000 |
| 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 |
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 MORTGAGE CO., LLC by:
Metropolitan Area And
County
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