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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 TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE WASHINGTON TRUST COMPANY |
| Address | 23 BROAD STREET
WESTERLY, RI 02891 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,295 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $241,634,000 |
| Average Mortgage Loan Amount Applied For | $295,666 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $129,761 |
| Highest Applicant Income | $2,599,000 |
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| Home Improvement |
332 | $19,543,000 |
$58,000 | $1,016,000 |
$89,000 | $1,127,000 |
| Home Purchase |
378 | $107,421,000 |
$284,000 | $1,500,000 |
$108,000 | $1,471,000 |
| Refinancing |
592 | $116,199,000 |
$196,000 | $6,000,000 |
$98,000 | $2,599,000 |
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| American Indian or Alaskan Native |
3 | $191,000 |
$63,000 | $155,000 |
$42,000 | $65,000 |
| Asian |
4 | $712,000 |
$178,000 | $328,000 |
$77,000 | $113,000 |
| Black or African American |
6 | $922,000 |
$153,000 | $325,000 |
$97,000 | $284,000 |
| Hispanic |
17 | $3,736,000 |
$219,000 | $1,500,000 |
$89,000 | $548,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $544,000 |
$77,000 | $246,000 |
$54,000 | $79,000 |
| Not applicable |
73 | $25,569,000 |
$350,000 | $6,000,000 |
$1,000 | $94,000 |
| Not Provided |
59 | $9,592,000 |
$162,000 | $800,000 |
$81,000 | $440,000 |
| White |
1,133 | $201,897,000 |
$178,000 | $1,500,000 |
$107,000 | $2,599,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,302 | $243,163,000 |
$186,000 | $6,000,000 |
$99,000 | $2,599,000 |
| 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 |
57 | $9,575,000 |
$167,000 | $1,500,000 |
$128,000 | $1,012,000 |
| Application Denied By Financial Institution |
110 | $13,087,000 |
$118,000 | $625,000 |
$71,000 | $465,000 |
| Application Withdrawn By Applicant |
180 | $51,227,000 |
$284,000 | $1,500,000 |
$91,000 | $1,290,000 |
| File Closed For Incompleteness |
4 | $717,000 |
$179,000 | $304,000 |
$34,000 | $57,000 |
| Loan Originated |
879 | $150,996,000 |
$171,000 | $6,000,000 |
$110,000 | $2,599,000 |
| Loan Purchased By The Institution |
65 | $16,032,000 |
$246,000 | $558,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
7 | $1,529,000 |
$218,000 | $402,000 |
$43,000 | $87,000 |
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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 WASHINGTON TRUST COMPANY by:
Metropolitan Area And
County
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