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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 WASHINGTON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE WASHINGTON SAVINGS BANK |
| Address | 4201 MITCHELLVILLE ROAD, SUITE 300
BOWIE, MD 20716 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 843 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $203,579,000 |
| Average Mortgage Loan Amount Applied For | $239,382 |
| Highest Mortgage Loan Amount Applied For | $1,436,000 |
| Average Applicant Income | $113,910 |
| Highest Applicant Income | $2,020,000 |
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| Home Improvement |
52 | $11,652,000 |
$224,000 | $960,000 |
$106,000 | $289,000 |
| Home Purchase |
390 | $84,953,000 |
$217,000 | $1,436,000 |
$109,000 | $2,020,000 |
| Refinancing |
429 | $113,691,000 |
$265,000 | $1,250,000 |
$90,000 | $874,000 |
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| American Indian or Alaskan Native |
2 | $500,000 |
$250,000 | $400,000 |
$150,000 | $150,000 |
| Asian |
22 | $5,890,000 |
$267,000 | $650,000 |
$107,000 | $329,000 |
| Black or African American |
344 | $78,649,000 |
$228,000 | $1,250,000 |
$87,000 | $357,000 |
| Hispanic |
111 | $24,764,000 |
$223,000 | $584,000 |
$98,000 | $308,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $2,944,000 |
$327,000 | $828,000 |
$0 | $0 |
| Not Provided |
24 | $7,230,000 |
$301,000 | $975,000 |
$75,000 | $226,000 |
| White |
359 | $90,319,000 |
$251,000 | $1,436,000 |
$115,000 | $2,020,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
807 | $196,721,000 |
$243,000 | $1,436,000 |
$102,000 | $2,020,000 |
| FHA-insured (Federal Housing Administration) |
61 | $13,009,000 |
$213,000 | $402,000 |
$64,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $566,000 |
$188,000 | $220,000 |
$102,000 | $200,000 |
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| Application Approved But Not Accepted |
81 | $20,511,000 |
$253,000 | $1,040,000 |
$114,000 | $1,194,000 |
| Application Denied By Financial Institution |
75 | $19,061,000 |
$254,000 | $686,000 |
$84,000 | $255,000 |
| Application Withdrawn By Applicant |
127 | $33,148,000 |
$261,000 | $1,436,000 |
$95,000 | $404,000 |
| File Closed For Incompleteness |
32 | $9,744,000 |
$304,000 | $1,250,000 |
$117,000 | $360,000 |
| Loan Originated |
528 | $121,115,000 |
$229,000 | $1,200,000 |
$101,000 | $2,020,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
19 | $5,308,000 |
$279,000 | $650,000 |
$92,000 | $218,000 |
| Preapproval Denied by Financial Institution |
9 | $1,409,000 |
$156,000 | $300,000 |
$39,000 | $72,000 |
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| Collateral |
3 | $1,169,000 |
$389,000 | $525,000 |
$69,000 | $114,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
36 | $8,158,000 |
$226,000 | $686,000 |
$76,000 | $255,000 |
| Debt-To-Income Ratio |
17 | $4,584,000 |
$269,000 | $558,000 |
$70,000 | $163,000 |
| Employment History |
8 | $1,920,000 |
$240,000 | $412,000 |
$102,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $3,634,000 |
$242,000 | $550,000 |
$93,000 | $126,000 |
| Unverifiable Information |
5 | $1,005,000 |
$201,000 | $358,000 |
$63,000 | $130,000 |
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Mortgage Loan App Totals for THE WASHINGTON SAVINGS BANK by:
Metropolitan Area And
County
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