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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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STRATA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STRATA BANK |
| Address | 81 MAIN STREET
MEDWAY, MA 02053 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 203 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,666,000 |
| Average Mortgage Loan Amount Applied For | $321,076 |
| Highest Mortgage Loan Amount Applied For | $2,200,000 |
| Average Applicant Income | $137,923 |
| Highest Applicant Income | $593,000 |
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| Home Improvement |
23 | $6,506,000 |
$282,000 | $2,200,000 |
$109,000 | $357,000 |
| Home Purchase |
86 | $23,754,000 |
$276,000 | $824,000 |
$117,000 | $593,000 |
| Refinancing |
100 | $24,741,000 |
$247,000 | $1,010,000 |
$106,000 | $397,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $861,000 |
$287,000 | $390,000 |
$77,000 | $100,000 |
| Black or African American |
1 | $194,000 |
$194,000 | $194,000 |
$34,000 | $34,000 |
| Hispanic |
3 | $782,000 |
$260,000 | $307,000 |
$148,000 | $185,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $3,263,000 |
$652,000 | $2,200,000 |
$31,000 | $114,000 |
| Not Provided |
13 | $4,363,000 |
$335,000 | $1,010,000 |
$102,000 | $262,000 |
| White |
184 | $45,538,000 |
$247,000 | $900,000 |
$114,000 | $593,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
209 | $55,001,000 |
$263,000 | $2,200,000 |
$110,000 | $593,000 |
| 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 |
15 | $4,480,000 |
$298,000 | $600,000 |
$139,000 | $378,000 |
| Application Denied By Financial Institution |
26 | $8,395,000 |
$322,000 | $1,010,000 |
$104,000 | $370,000 |
| Application Withdrawn By Applicant |
12 | $2,766,000 |
$230,000 | $418,000 |
$79,000 | $252,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
156 | $39,360,000 |
$252,000 | $2,200,000 |
$111,000 | $593,000 |
| 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 |
4 | $900,000 |
$225,000 | $473,000 |
$117,000 | $198,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,903,000 |
$271,000 | $390,000 |
$66,000 | $150,000 |
| Debt-To-Income Ratio |
10 | $3,809,000 |
$380,000 | $1,010,000 |
$94,000 | $262,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $285,000 |
$285,000 | $285,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $1,184,000 |
$394,000 | $864,000 |
$263,000 | $370,000 |
| Unverifiable Information |
1 | $314,000 |
$314,000 | $314,000 |
$57,000 | $57,000 |
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Mortgage Loan App Totals for STRATA BANK by:
Metropolitan Area And
County
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