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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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SCITUATE FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SCITUATE FEDERAL SAVINGS BANK |
| Address | 72 FRONT STREET
SCITUATE, MA 02066 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 111 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,768,000 |
| Average Mortgage Loan Amount Applied For | $269,500 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $130,833 |
| Highest Applicant Income | $1,145,000 |
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| Home Improvement |
52 | $10,259,000 |
$197,000 | $900,000 |
$122,000 | $1,145,000 |
| Home Purchase |
54 | $16,574,000 |
$306,000 | $1,100,000 |
$109,000 | $859,000 |
| Refinancing |
34 | $6,448,000 |
$189,000 | $500,000 |
$115,000 | $274,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $145,000 |
$145,000 | $145,000 |
$38,000 | $38,000 |
| Black or African American |
2 | $395,000 |
$197,000 | $215,000 |
$45,000 | $55,000 |
| Hispanic |
3 | $729,000 |
$243,000 | $419,000 |
$106,000 | $174,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $30,000 |
$30,000 | $30,000 |
$46,000 | $46,000 |
| White |
133 | $31,982,000 |
$240,000 | $1,100,000 |
$118,000 | $1,145,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
140 | $33,281,000 |
$237,000 | $1,100,000 |
$115,000 | $1,145,000 |
| 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 |
4 | $918,000 |
$229,000 | $793,000 |
$160,000 | $295,000 |
| Application Denied By Financial Institution |
10 | $2,464,000 |
$246,000 | $800,000 |
$84,000 | $158,000 |
| Application Withdrawn By Applicant |
4 | $2,173,000 |
$543,000 | $1,100,000 |
$184,000 | $445,000 |
| File Closed For Incompleteness |
5 | $1,386,000 |
$277,000 | $578,000 |
$86,000 | $115,000 |
| Loan Originated |
89 | $19,898,000 |
$223,000 | $900,000 |
$131,000 | $1,145,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
13 | $3,152,000 |
$242,000 | $440,000 |
$75,000 | $183,000 |
| Preapproval Denied by Financial Institution |
15 | $3,290,000 |
$219,000 | $400,000 |
$57,000 | $116,000 |
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| Collateral |
1 | $108,000 |
$108,000 | $108,000 |
$147,000 | $147,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $395,000 |
$197,000 | $385,000 |
$90,000 | $105,000 |
| Debt-To-Income Ratio |
20 | $4,631,000 |
$231,000 | $800,000 |
$59,000 | $158,000 |
| 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 |
2 | $620,000 |
$310,000 | $340,000 |
$88,000 | $91,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SCITUATE FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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