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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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STONEHAM SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STONEHAM SAVINGS BANK |
| Address | 359 MAIN STREET
STONEHAM, MA 02180 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 156 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,480,000 |
| Average Mortgage Loan Amount Applied For | $629,800 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $67,400 |
| Highest Applicant Income | $422,000 |
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| Home Improvement |
48 | $4,479,000 |
$93,000 | $450,000 |
$117,000 | $422,000 |
| Home Purchase |
63 | $16,731,000 |
$265,000 | $742,000 |
$79,000 | $206,000 |
| Refinancing |
56 | $19,328,000 |
$345,000 | $3,600,000 |
$70,000 | $411,000 |
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| American Indian or Alaskan Native |
1 | $80,000 |
$80,000 | $80,000 |
$83,000 | $83,000 |
| Asian |
3 | $872,000 |
$290,000 | $420,000 |
$245,000 | $422,000 |
| Black or African American |
2 | $930,000 |
$465,000 | $900,000 |
$42,000 | $85,000 |
| Hispanic |
1 | $234,000 |
$234,000 | $234,000 |
$53,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $6,285,000 |
$1,047,000 | $3,600,000 |
$40,000 | $156,000 |
| Not Provided |
4 | $749,000 |
$187,000 | $338,000 |
$89,000 | $206,000 |
| White |
150 | $31,388,000 |
$209,000 | $1,960,000 |
$86,000 | $411,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
167 | $40,538,000 |
$242,000 | $3,600,000 |
$87,000 | $422,000 |
| 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 |
10 | $2,818,000 |
$281,000 | $900,000 |
$117,000 | $327,000 |
| Application Denied By Financial Institution |
6 | $1,080,000 |
$180,000 | $344,000 |
$51,000 | $113,000 |
| Application Withdrawn By Applicant |
3 | $998,000 |
$332,000 | $450,000 |
$105,000 | $156,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
133 | $31,720,000 |
$238,000 | $3,600,000 |
$88,000 | $422,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
11 | $2,917,000 |
$265,000 | $500,000 |
$77,000 | $139,000 |
| Preapproval Denied by Financial Institution |
4 | $1,005,000 |
$251,000 | $325,000 |
$41,000 | $54,000 |
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| Collateral |
3 | $552,000 |
$184,000 | $320,000 |
$60,000 | $113,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $200,000 |
$200,000 | $200,000 |
$43,000 | $43,000 |
| Debt-To-Income Ratio |
4 | $929,000 |
$232,000 | $344,000 |
$44,000 | $85,000 |
| 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 | $154,000 |
$154,000 | $154,000 |
$22,000 | $22,000 |
| Unverifiable Information |
1 | $250,000 |
$250,000 | $250,000 |
$45,000 | $45,000 |
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Mortgage Loan App Totals for STONEHAM SAVINGS BANK by:
Metropolitan Area And
County
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