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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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UNION FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION FEDERAL SAVINGS BANK |
| Address | 1565 MINERAL SPRING AVENUE
NORTH PROVIDENCE, RI 02904 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 288 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $49,414,000 |
| Average Mortgage Loan Amount Applied For | $150,057 |
| Highest Mortgage Loan Amount Applied For | $619,000 |
| Average Applicant Income | $78,142 |
| Highest Applicant Income | $999,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
52 | $10,785,000 |
$207,000 | $599,000 |
$82,000 | $999,000 |
| Refinancing |
236 | $38,629,000 |
$163,000 | $619,000 |
$60,000 | $540,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $727,000 |
$242,000 | $461,000 |
$193,000 | $214,000 |
| Black or African American |
15 | $2,600,000 |
$173,000 | $312,000 |
$27,000 | $84,000 |
| Hispanic |
11 | $2,166,000 |
$196,000 | $375,000 |
$48,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
72 | $13,504,000 |
$187,000 | $600,000 |
$79,000 | $999,000 |
| White |
187 | $30,417,000 |
$162,000 | $619,000 |
$60,000 | $386,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
288 | $49,414,000 |
$171,000 | $619,000 |
$64,000 | $999,000 |
| 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 |
21 | $5,086,000 |
$242,000 | $600,000 |
$120,000 | $540,000 |
| Application Denied By Financial Institution |
38 | $7,136,000 |
$187,000 | $599,000 |
$77,000 | $999,000 |
| Application Withdrawn By Applicant |
26 | $3,553,000 |
$136,000 | $560,000 |
$69,000 | $240,000 |
| File Closed For Incompleteness |
6 | $1,598,000 |
$266,000 | $385,000 |
$122,000 | $263,000 |
| Loan Originated |
197 | $32,041,000 |
$162,000 | $619,000 |
$53,000 | $340,000 |
| 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 |
14 | $3,236,000 |
$231,000 | $430,000 |
$145,000 | $999,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $345,000 |
$115,000 | $250,000 |
$52,000 | $77,000 |
| Debt-To-Income Ratio |
8 | $1,146,000 |
$143,000 | $416,000 |
$50,000 | $123,000 |
| Employment History |
2 | $257,000 |
$128,000 | $203,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,109,000 |
$210,000 | $599,000 |
$35,000 | $120,000 |
| Unverifiable Information |
1 | $43,000 |
$43,000 | $43,000 |
$0 | $0 |
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Mortgage Loan App Totals for UNION FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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