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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 MILFORD NATIONAL BANK AND
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MILFORD NATIONAL BANK AND |
| Address | 300 EAST MAIN STREET
MILFORD, MA 01757 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,029 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,862,000 |
| Average Mortgage Loan Amount Applied For | $61,437 |
| Highest Mortgage Loan Amount Applied For | $1,280,000 |
| Average Applicant Income | $53,763 |
| Highest Applicant Income | $1,279,000 |
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| Home Improvement |
41 | $2,834,000 |
$69,000 | $550,000 |
$99,000 | $393,000 |
| Home Purchase |
890 | $60,125,000 |
$67,000 | $1,060,000 |
$52,000 | $1,279,000 |
| Refinancing |
199 | $31,308,000 |
$157,000 | $1,280,000 |
$101,000 | $1,081,000 |
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| American Indian or Alaskan Native |
10 | $678,000 |
$67,000 | $129,000 |
$71,000 | $258,000 |
| Asian |
9 | $2,441,000 |
$271,000 | $481,000 |
$86,000 | $120,000 |
| Black or African American |
31 | $1,713,000 |
$55,000 | $357,000 |
$36,000 | $101,000 |
| Hispanic |
45 | $2,880,000 |
$64,000 | $395,000 |
$63,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
75 | $8,337,000 |
$111,000 | $1,060,000 |
$67,000 | $343,000 |
| White |
960 | $78,218,000 |
$81,000 | $1,280,000 |
$62,000 | $1,279,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,130 | $94,267,000 |
$83,000 | $1,280,000 |
$62,000 | $1,279,000 |
| 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 |
1 | $265,000 |
$265,000 | $265,000 |
$130,000 | $130,000 |
| Application Denied By Financial Institution |
891 | $46,543,000 |
$52,000 | $715,000 |
$41,000 | $972,000 |
| Application Withdrawn By Applicant |
16 | $5,296,000 |
$331,000 | $675,000 |
$171,000 | $1,081,000 |
| File Closed For Incompleteness |
4 | $1,387,000 |
$346,000 | $540,000 |
$125,000 | $167,000 |
| Loan Originated |
214 | $39,483,000 |
$184,000 | $1,280,000 |
$140,000 | $1,279,000 |
| Loan Purchased By The Institution |
4 | $1,293,000 |
$323,000 | $450,000 |
$173,000 | $219,000 |
| 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 |
5 | $320,000 |
$64,000 | $116,000 |
$39,000 | $69,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
576 | $26,071,000 |
$45,000 | $440,000 |
$43,000 | $972,000 |
| Debt-To-Income Ratio |
290 | $18,550,000 |
$63,000 | $715,000 |
$35,000 | $141,000 |
| Employment History |
1 | $50,000 |
$50,000 | $50,000 |
$27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $265,000 |
$265,000 | $265,000 |
$81,000 | $81,000 |
| Other |
18 | $1,287,000 |
$71,000 | $275,000 |
$57,000 | $125,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE MILFORD NATIONAL BANK AND by:
Metropolitan Area And
County
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