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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH SHORE SAVINGS BANK |
| Address | 1530 MAIN STREET
WEYMOUTH, MA 02190 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 552 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $114,147,000 |
| Average Mortgage Loan Amount Applied For | $282,818 |
| Highest Mortgage Loan Amount Applied For | $2,600,000 |
| Average Applicant Income | $174,000 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
173 | $13,892,000 |
$80,000 | $520,000 |
$98,000 | $943,000 |
| Home Purchase |
147 | $50,297,000 |
$342,000 | $2,600,000 |
$165,000 | $2,000,000 |
| Refinancing |
273 | $59,368,000 |
$217,000 | $1,400,000 |
$119,000 | $1,500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $2,298,000 |
$287,000 | $442,000 |
$81,000 | $132,000 |
| Black or African American |
7 | $1,848,000 |
$264,000 | $465,000 |
$110,000 | $410,000 |
| Hispanic |
3 | $825,000 |
$275,000 | $400,000 |
$63,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $170,000 |
$170,000 | $170,000 |
$80,000 | $80,000 |
| Not applicable |
9 | $4,975,000 |
$552,000 | $1,400,000 |
$0 | $0 |
| Not Provided |
39 | $5,664,000 |
$145,000 | $1,500,000 |
$113,000 | $792,000 |
| White |
526 | $107,777,000 |
$204,000 | $2,600,000 |
$129,000 | $2,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
593 | $123,557,000 |
$208,000 | $2,600,000 |
$124,000 | $2,000,000 |
| 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 |
49 | $10,842,000 |
$221,000 | $990,000 |
$120,000 | $700,000 |
| Application Denied By Financial Institution |
49 | $7,664,000 |
$156,000 | $442,000 |
$72,000 | $320,000 |
| Application Withdrawn By Applicant |
18 | $6,937,000 |
$385,000 | $2,600,000 |
$176,000 | $604,000 |
| File Closed For Incompleteness |
6 | $598,000 |
$99,000 | $301,000 |
$92,000 | $193,000 |
| Loan Originated |
401 | $73,438,000 |
$183,000 | $1,400,000 |
$117,000 | $1,593,000 |
| Loan Purchased By The Institution |
29 | $14,668,000 |
$505,000 | $1,000,000 |
$396,000 | $2,000,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
41 | $9,410,000 |
$229,000 | $400,000 |
$55,000 | $113,000 |
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| Collateral |
5 | $650,000 |
$130,000 | $265,000 |
$100,000 | $139,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $3,228,000 |
$169,000 | $392,000 |
$80,000 | $320,000 |
| Debt-To-Income Ratio |
63 | $12,765,000 |
$202,000 | $442,000 |
$55,000 | $129,000 |
| 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 | $60,000 |
$30,000 | $37,000 |
$50,000 | $70,000 |
| Unverifiable Information |
1 | $371,000 |
$371,000 | $371,000 |
$132,000 | $132,000 |
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Mortgage Loan App Totals for SOUTH SHORE SAVINGS BANK by:
Metropolitan Area And
County
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