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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 PROVIDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE PROVIDENT BANK |
| Address | 5 MARKET STREET, PO BOX 37
AMESBURY, MA 01913 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 187 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,069,000 |
| Average Mortgage Loan Amount Applied For | $315,250 |
| Highest Mortgage Loan Amount Applied For | $1,215,000 |
| Average Applicant Income | $81,375 |
| Highest Applicant Income | $498,000 |
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| Home Improvement |
8 | $3,465,000 |
$433,000 | $850,000 |
$147,000 | $381,000 |
| Home Purchase |
50 | $14,761,000 |
$295,000 | $1,215,000 |
$103,000 | $498,000 |
| Refinancing |
149 | $20,078,000 |
$134,000 | $1,200,000 |
$77,000 | $289,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $328,000 |
$328,000 | $328,000 |
$173,000 | $173,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $130,000 |
$65,000 | $100,000 |
$56,000 | $67,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $4,448,000 |
$404,000 | $700,000 |
$0 | $0 |
| Not Provided |
2 | $761,000 |
$380,000 | $425,000 |
$152,000 | $158,000 |
| White |
191 | $32,637,000 |
$170,000 | $1,215,000 |
$90,000 | $498,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
207 | $38,304,000 |
$185,000 | $1,215,000 |
$86,000 | $498,000 |
| 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 |
20 | $4,508,000 |
$225,000 | $595,000 |
$97,000 | $498,000 |
| Application Denied By Financial Institution |
17 | $4,015,000 |
$236,000 | $1,215,000 |
$60,000 | $153,000 |
| Application Withdrawn By Applicant |
9 | $2,594,000 |
$288,000 | $720,000 |
$150,000 | $381,000 |
| File Closed For Incompleteness |
1 | $48,000 |
$48,000 | $48,000 |
$45,000 | $45,000 |
| Loan Originated |
140 | $21,904,000 |
$156,000 | $1,200,000 |
$83,000 | $309,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
16 | $4,565,000 |
$285,000 | $500,000 |
$104,000 | $200,000 |
| Preapproval Denied by Financial Institution |
4 | $670,000 |
$167,000 | $195,000 |
$44,000 | $55,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PROVIDENT BANK by:
Metropolitan Area And
County
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