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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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SAUGUSBANK, A CO-OPERATIVE BAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
SAUGUSBANK, A CO-OPERATIVE BAN |
| Address | 489 LINCOLN AVENUE
SAUGUS, MA 01906 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 62 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,592,000 |
| Average Mortgage Loan Amount Applied For | $304,222 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $74,555 |
| Highest Applicant Income | $212,000 |
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| Home Improvement |
24 | $4,540,000 |
$189,000 | $1,400,000 |
$85,000 | $183,000 |
| Home Purchase |
11 | $3,788,000 |
$344,000 | $640,000 |
$67,000 | $212,000 |
| Refinancing |
27 | $6,264,000 |
$232,000 | $890,000 |
$62,000 | $146,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $261,000 |
$261,000 | $261,000 |
$81,000 | $81,000 |
| Black or African American |
1 | $350,000 |
$350,000 | $350,000 |
$90,000 | $90,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $4,362,000 |
$396,000 | $890,000 |
$0 | $0 |
| Not Provided |
2 | $445,000 |
$222,000 | $420,000 |
$98,000 | $163,000 |
| White |
47 | $9,174,000 |
$195,000 | $1,400,000 |
$87,000 | $212,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
62 | $14,592,000 |
$235,000 | $1,400,000 |
$72,000 | $212,000 |
| 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 |
5 | $1,810,000 |
$362,000 | $890,000 |
$52,000 | $135,000 |
| Application Denied By Financial Institution |
5 | $2,734,000 |
$546,000 | $1,400,000 |
$85,000 | $183,000 |
| Application Withdrawn By Applicant |
3 | $557,000 |
$185,000 | $282,000 |
$41,000 | $91,000 |
| File Closed For Incompleteness |
1 | $40,000 |
$40,000 | $40,000 |
$75,000 | $75,000 |
| Loan Originated |
48 | $9,451,000 |
$196,000 | $850,000 |
$74,000 | $212,000 |
| 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 |
2 | $775,000 |
$387,000 | $425,000 |
$93,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $259,000 |
$259,000 | $259,000 |
$31,000 | $31,000 |
| 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 SAUGUSBANK, A CO-OPERATIVE BAN by:
Metropolitan Area And
County
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