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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 LOWELL FIVE CENT SAVINGS B
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE LOWELL FIVE CENT SAVINGS B |
| Address | ONE MERRIMACK PLAZA
LOWELL, MA 01852 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 193 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,566,000 |
| Average Mortgage Loan Amount Applied For | $214,375 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $99,750 |
| Highest Applicant Income | $468,000 |
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| Home Improvement |
61 | $4,635,000 |
$75,000 | $566,000 |
$72,000 | $250,000 |
| Home Purchase |
133 | $28,586,000 |
$214,000 | $1,700,000 |
$71,000 | $468,000 |
| Refinancing |
69 | $10,812,000 |
$156,000 | $487,000 |
$75,000 | $222,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
20 | $3,985,000 |
$199,000 | $531,000 |
$73,000 | $187,000 |
| Black or African American |
3 | $412,000 |
$137,000 | $262,000 |
$55,000 | $104,000 |
| Hispanic |
13 | $1,640,000 |
$126,000 | $290,000 |
$45,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $1,775,000 |
$887,000 | $1,700,000 |
$0 | $0 |
| Not Provided |
28 | $7,316,000 |
$261,000 | $750,000 |
$114,000 | $468,000 |
| White |
197 | $28,905,000 |
$146,000 | $551,000 |
$69,000 | $250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
263 | $44,033,000 |
$167,000 | $1,700,000 |
$72,000 | $468,000 |
| 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 |
11 | $2,198,000 |
$199,000 | $294,000 |
$70,000 | $98,000 |
| Application Denied By Financial Institution |
31 | $4,052,000 |
$130,000 | $300,000 |
$56,000 | $222,000 |
| Application Withdrawn By Applicant |
11 | $1,464,000 |
$133,000 | $300,000 |
$58,000 | $110,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
140 | $22,900,000 |
$163,000 | $1,700,000 |
$81,000 | $468,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
51 | $10,010,000 |
$196,000 | $575,000 |
$69,000 | $225,000 |
| Preapproval Denied by Financial Institution |
19 | $3,409,000 |
$179,000 | $265,000 |
$52,000 | $150,000 |
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| Collateral |
1 | $37,000 |
$37,000 | $37,000 |
$40,000 | $40,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $161,000 |
$26,000 | $50,000 |
$59,000 | $118,000 |
| Debt-To-Income Ratio |
9 | $457,000 |
$50,000 | $150,000 |
$50,000 | $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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE LOWELL FIVE CENT SAVINGS B by:
Metropolitan Area And
County
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