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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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SOUTH SHORE CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH SHORE CO-OPERATIVE BANK |
| Address | 195 WASHINGTON STREET
WEYMOUTH, MA 02188 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 131 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,454,000 |
| Average Mortgage Loan Amount Applied For | $245,777 |
| Highest Mortgage Loan Amount Applied For | $697,000 |
| Average Applicant Income | $110,777 |
| Highest Applicant Income | $647,000 |
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| Home Improvement |
53 | $4,942,000 |
$93,000 | $652,000 |
$110,000 | $647,000 |
| Home Purchase |
26 | $7,194,000 |
$276,000 | $530,000 |
$107,000 | $360,000 |
| Refinancing |
54 | $9,623,000 |
$178,000 | $697,000 |
$99,000 | $265,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $15,000 |
$15,000 | $15,000 |
$57,000 | $57,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $1,110,000 |
$370,000 | $450,000 |
$53,000 | $160,000 |
| Not Provided |
19 | $2,758,000 |
$145,000 | $400,000 |
$113,000 | $275,000 |
| White |
110 | $17,876,000 |
$162,000 | $697,000 |
$106,000 | $647,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
133 | $21,759,000 |
$163,000 | $697,000 |
$105,000 | $647,000 |
| 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 |
2 | $280,000 |
$140,000 | $180,000 |
$130,000 | $200,000 |
| Application Denied By Financial Institution |
11 | $891,000 |
$81,000 | $206,000 |
$55,000 | $214,000 |
| Application Withdrawn By Applicant |
5 | $819,000 |
$163,000 | $263,000 |
$89,000 | $160,000 |
| File Closed For Incompleteness |
2 | $320,000 |
$160,000 | $200,000 |
$147,000 | $245,000 |
| Loan Originated |
109 | $18,413,000 |
$168,000 | $697,000 |
$111,000 | $647,000 |
| Loan Purchased By The Institution |
3 | $861,000 |
$287,000 | $434,000 |
$78,000 | $117,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $175,000 |
$175,000 | $175,000 |
$43,000 | $43,000 |
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| Collateral |
1 | $80,000 |
$80,000 | $80,000 |
$89,000 | $89,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $25,000 |
$12,000 | $15,000 |
$67,000 | $78,000 |
| Debt-To-Income Ratio |
8 | $866,000 |
$108,000 | $206,000 |
$53,000 | $214,000 |
| 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 |
1 | $95,000 |
$95,000 | $95,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH SHORE CO-OPERATIVE BANK by:
Metropolitan Area And
County
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