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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 VILLAGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE VILLAGE BANK |
| Address | 307 AUBURN STREET
AUBURNDALE, MA 02466 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 198 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $94,797,000 |
| Average Mortgage Loan Amount Applied For | $441,625 |
| Highest Mortgage Loan Amount Applied For | $3,563,000 |
| Average Applicant Income | $117,625 |
| Highest Applicant Income | $2,217,000 |
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| Home Improvement |
26 | $13,722,000 |
$527,000 | $3,100,000 |
$147,000 | $598,000 |
| Home Purchase |
125 | $62,687,000 |
$501,000 | $3,563,000 |
$149,000 | $2,217,000 |
| Refinancing |
53 | $18,972,000 |
$357,000 | $1,750,000 |
$145,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $3,475,000 |
$496,000 | $1,365,000 |
$94,000 | $188,000 |
| Black or African American |
5 | $495,000 |
$99,000 | $185,000 |
$41,000 | $47,000 |
| Hispanic |
5 | $1,458,000 |
$291,000 | $485,000 |
$68,000 | $104,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
33 | $14,132,000 |
$428,000 | $999,000 |
$89,000 | $396,000 |
| Not Provided |
1 | $750,000 |
$750,000 | $750,000 |
$363,000 | $363,000 |
| White |
153 | $75,071,000 |
$490,000 | $3,563,000 |
$168,000 | $2,217,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
204 | $95,381,000 |
$467,000 | $3,563,000 |
$148,000 | $2,217,000 |
| 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 |
9 | $5,160,000 |
$573,000 | $1,736,000 |
$187,000 | $600,000 |
| Application Denied By Financial Institution |
5 | $2,274,000 |
$454,000 | $1,680,000 |
$152,000 | $425,000 |
| Application Withdrawn By Applicant |
9 | $6,008,000 |
$667,000 | $3,563,000 |
$241,000 | $1,564,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
153 | $70,930,000 |
$463,000 | $3,100,000 |
$145,000 | $2,217,000 |
| Loan Purchased By The Institution |
23 | $10,501,000 |
$456,000 | $1,407,000 |
$137,000 | $480,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
5 | $508,000 |
$101,000 | $198,000 |
$43,000 | $54,000 |
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| Collateral |
1 | $220,000 |
$220,000 | $220,000 |
$69,000 | $69,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $484,000 |
$80,000 | $130,000 |
$46,000 | $75,000 |
| Debt-To-Income Ratio |
2 | $1,880,000 |
$940,000 | $1,680,000 |
$291,000 | $425,000 |
| 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 |
1 | $198,000 |
$198,000 | $198,000 |
$54,000 | $54,000 |
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Mortgage Loan App Totals for THE VILLAGE BANK by:
Metropolitan Area And
County
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