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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE SAVINGS BANK |
| Address | 357 MAIN STREET
WAKEFIELD, MA 01880 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 98 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,874,000 |
| Average Mortgage Loan Amount Applied For | $315,571 |
| Highest Mortgage Loan Amount Applied For | $1,160,000 |
| Average Applicant Income | $134,571 |
| Highest Applicant Income | $537,000 |
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| Home Improvement |
24 | $4,203,000 |
$175,000 | $620,000 |
$91,000 | $277,000 |
| Home Purchase |
49 | $15,531,000 |
$316,000 | $1,160,000 |
$88,000 | $275,000 |
| Refinancing |
25 | $6,140,000 |
$245,000 | $1,046,000 |
$108,000 | $537,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $2,541,000 |
$508,000 | $1,046,000 |
$142,000 | $284,000 |
| Black or African American |
2 | $309,000 |
$154,000 | $230,000 |
$51,000 | $54,000 |
| Hispanic |
1 | $297,000 |
$297,000 | $297,000 |
$135,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $2,822,000 |
$470,000 | $652,000 |
$17,000 | $84,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
84 | $19,905,000 |
$236,000 | $1,160,000 |
$97,000 | $537,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
98 | $25,874,000 |
$264,000 | $1,160,000 |
$94,000 | $537,000 |
| 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 |
5 | $1,858,000 |
$371,000 | $1,046,000 |
$111,000 | $284,000 |
| Application Denied By Financial Institution |
4 | $1,555,000 |
$388,000 | $675,000 |
$38,000 | $70,000 |
| Application Withdrawn By Applicant |
4 | $846,000 |
$211,000 | $417,000 |
$109,000 | $277,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
85 | $21,615,000 |
$254,000 | $1,160,000 |
$95,000 | $537,000 |
| 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 |
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 |
4 | $1,555,000 |
$388,000 | $675,000 |
$38,000 | $70,000 |
| 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 SAVINGS BANK by:
Metropolitan Area And
County
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