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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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THE COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE COOPERATIVE BANK |
| Address | 40 BELGRADE AVENUE
ROSLINDALE, MA 02131 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 108 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,569,000 |
| Average Mortgage Loan Amount Applied For | $351,500 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $157,375 |
| Highest Applicant Income | $505,000 |
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| Home Improvement |
23 | $2,687,000 |
$116,000 | $460,000 |
$82,000 | $286,000 |
| Home Purchase |
33 | $12,013,000 |
$364,000 | $2,500,000 |
$131,000 | $505,000 |
| Refinancing |
54 | $15,248,000 |
$282,000 | $972,000 |
$103,000 | $252,000 |
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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 |
5 | $1,538,000 |
$307,000 | $490,000 |
$62,000 | $86,000 |
| Hispanic |
2 | $304,000 |
$152,000 | $154,000 |
$19,000 | $39,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $416,000 |
$416,000 | $416,000 |
$0 | $0 |
| Not Provided |
5 | $1,702,000 |
$340,000 | $500,000 |
$118,000 | $173,000 |
| White |
97 | $25,988,000 |
$267,000 | $2,500,000 |
$112,000 | $505,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
110 | $29,948,000 |
$272,000 | $2,500,000 |
$107,000 | $505,000 |
| 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 |
7 | $1,429,000 |
$204,000 | $460,000 |
$100,000 | $298,000 |
| Application Denied By Financial Institution |
9 | $3,022,000 |
$335,000 | $500,000 |
$106,000 | $173,000 |
| Application Withdrawn By Applicant |
9 | $2,582,000 |
$286,000 | $972,000 |
$104,000 | $296,000 |
| File Closed For Incompleteness |
2 | $325,000 |
$162,000 | $215,000 |
$156,000 | $252,000 |
| Loan Originated |
81 | $22,211,000 |
$274,000 | $2,500,000 |
$108,000 | $505,000 |
| 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 |
2 | $379,000 |
$189,000 | $190,000 |
$42,000 | $52,000 |
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| Collateral |
1 | $500,000 |
$500,000 | $500,000 |
$173,000 | $173,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $618,000 |
$309,000 | $318,000 |
$110,000 | $137,000 |
| Debt-To-Income Ratio |
5 | $1,615,000 |
$323,000 | $462,000 |
$70,000 | $117,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $190,000 |
$190,000 | $190,000 |
$52,000 | $52,000 |
| Other |
2 | $478,000 |
$239,000 | $328,000 |
$120,000 | $135,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE COOPERATIVE BANK by:
Metropolitan Area And
County
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