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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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UNITED BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK |
| Address | 95 ELM STREET
WEST SPRINGFIELD, MA 01090 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 487 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $98,941,000 |
| Average Mortgage Loan Amount Applied For | $215,500 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $114,611 |
| Highest Applicant Income | $572,000 |
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| Home Improvement |
9 | $1,435,000 |
$159,000 | $214,000 |
$62,000 | $113,000 |
| Home Purchase |
384 | $83,373,000 |
$217,000 | $1,100,000 |
$82,000 | $482,000 |
| Refinancing |
200 | $34,551,000 |
$172,000 | $883,000 |
$82,000 | $572,000 |
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| American Indian or Alaskan Native |
3 | $331,000 |
$110,000 | $160,000 |
$45,000 | $62,000 |
| Asian |
6 | $1,180,000 |
$196,000 | $457,000 |
$75,000 | $148,000 |
| Black or African American |
7 | $746,000 |
$106,000 | $242,000 |
$66,000 | $128,000 |
| Hispanic |
13 | $2,096,000 |
$161,000 | $304,000 |
$60,000 | $127,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $1,417,000 |
$472,000 | $800,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
561 | $113,589,000 |
$202,000 | $1,100,000 |
$83,000 | $572,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
569 | $115,443,000 |
$202,000 | $1,100,000 |
$83,000 | $572,000 |
| FHA-insured (Federal Housing Administration) |
20 | $3,221,000 |
$161,000 | $259,000 |
$62,000 | $121,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $695,000 |
$173,000 | $277,000 |
$54,000 | $65,000 |
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| Application Approved But Not Accepted |
40 | $9,964,000 |
$249,000 | $1,100,000 |
$108,000 | $495,000 |
| Application Denied By Financial Institution |
36 | $7,068,000 |
$196,000 | $614,000 |
$76,000 | $208,000 |
| Application Withdrawn By Applicant |
22 | $4,813,000 |
$218,000 | $600,000 |
$70,000 | $193,000 |
| File Closed For Incompleteness |
14 | $3,172,000 |
$226,000 | $813,000 |
$106,000 | $572,000 |
| Loan Originated |
383 | $75,383,000 |
$196,000 | $1,000,000 |
$83,000 | $477,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
82 | $15,852,000 |
$193,000 | $417,000 |
$71,000 | $348,000 |
| Preapproval Denied by Financial Institution |
16 | $3,107,000 |
$194,000 | $347,000 |
$58,000 | $126,000 |
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| Collateral |
10 | $1,879,000 |
$187,000 | $351,000 |
$94,000 | $208,000 |
| Credit Application Incomplete |
3 | $1,074,000 |
$358,000 | $614,000 |
$100,000 | $156,000 |
| Credit History |
19 | $3,348,000 |
$176,000 | $325,000 |
$66,000 | $127,000 |
| Debt-To-Income Ratio |
12 | $2,431,000 |
$202,000 | $448,000 |
$48,000 | $125,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $349,000 |
$174,000 | $189,000 |
$49,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $1,094,000 |
$182,000 | $390,000 |
$84,000 | $137,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK by:
Metropolitan Area And
County
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