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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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SEVERN SAVINGS BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
SEVERN SAVINGS BANK, FSB |
| Address | 200 WESTGATE CIRCLE, SUITE 200
ANNAPOLIS, MD 21401 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 424 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $160,281,000 |
| Average Mortgage Loan Amount Applied For | $448,333 |
| Highest Mortgage Loan Amount Applied For | $2,520,000 |
| Average Applicant Income | $134,000 |
| Highest Applicant Income | $2,092,000 |
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| Home Improvement |
46 | $19,936,000 |
$433,000 | $2,500,000 |
$125,000 | $1,318,000 |
| Home Purchase |
262 | $98,981,000 |
$377,000 | $2,320,000 |
$116,000 | $2,092,000 |
| Refinancing |
116 | $41,364,000 |
$356,000 | $2,520,000 |
$109,000 | $2,092,000 |
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| American Indian or Alaskan Native |
3 | $722,000 |
$240,000 | $379,000 |
$83,000 | $192,000 |
| Asian |
9 | $4,278,000 |
$475,000 | $950,000 |
$133,000 | $320,000 |
| Black or African American |
57 | $16,348,000 |
$286,000 | $1,825,000 |
$73,000 | $396,000 |
| Hispanic |
5 | $1,454,000 |
$290,000 | $500,000 |
$154,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $526,000 |
$263,000 | $326,000 |
$69,000 | $101,000 |
| Not applicable |
52 | $13,403,000 |
$257,000 | $930,000 |
$0 | $0 |
| Not Provided |
55 | $22,143,000 |
$402,000 | $2,500,000 |
$178,000 | $1,500,000 |
| White |
241 | $101,407,000 |
$420,000 | $2,520,000 |
$135,000 | $2,092,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
424 | $160,281,000 |
$378,000 | $2,520,000 |
$115,000 | $2,092,000 |
| 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 |
29 | $10,138,000 |
$349,000 | $1,825,000 |
$79,000 | $396,000 |
| Application Denied By Financial Institution |
4 | $1,160,000 |
$290,000 | $370,000 |
$81,000 | $124,000 |
| Application Withdrawn By Applicant |
8 | $2,590,000 |
$323,000 | $850,000 |
$156,000 | $476,000 |
| File Closed For Incompleteness |
10 | $6,680,000 |
$668,000 | $2,500,000 |
$283,000 | $912,000 |
| Loan Originated |
373 | $139,713,000 |
$374,000 | $2,520,000 |
$113,000 | $2,092,000 |
| 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 |
3 | $847,000 |
$282,000 | $370,000 |
$83,000 | $124,000 |
| 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 |
1 | $313,000 |
$313,000 | $313,000 |
$77,000 | $77,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SEVERN SAVINGS BANK, FSB by:
Metropolitan Area And
County
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