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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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WALDEN FEDERAL SAVINGS & LOAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
WALDEN FEDERAL SAVINGS & LOAN |
| Address | 12-14 MAIN STREET
WALDEN, NY 12586 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 184 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,949,000 |
| Average Mortgage Loan Amount Applied For | $192,125 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $103,000 |
| Highest Applicant Income | $1,963,000 |
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| Home Improvement |
20 | $981,000 |
$49,000 | $200,000 |
$95,000 | $180,000 |
| Home Purchase |
108 | $25,334,000 |
$234,000 | $1,400,000 |
$104,000 | $1,963,000 |
| Refinancing |
56 | $11,634,000 |
$207,000 | $525,000 |
$93,000 | $252,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $255,000 |
$255,000 | $255,000 |
$82,000 | $82,000 |
| Black or African American |
8 | $1,919,000 |
$239,000 | $395,000 |
$87,000 | $162,000 |
| Hispanic |
20 | $4,237,000 |
$211,000 | $475,000 |
$65,000 | $111,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $170,000 |
$170,000 | $170,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $2,475,000 |
$353,000 | $1,400,000 |
$435,000 | $1,963,000 |
| White |
147 | $28,893,000 |
$196,000 | $638,000 |
$89,000 | $438,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
182 | $37,639,000 |
$206,000 | $1,400,000 |
$100,000 | $1,963,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $310,000 |
$155,000 | $160,000 |
$47,000 | $53,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $24,000 |
$24,000 | $24,000 |
$64,000 | $64,000 |
| Application Denied By Financial Institution |
39 | $10,850,000 |
$278,000 | $1,400,000 |
$144,000 | $1,963,000 |
| Application Withdrawn By Applicant |
4 | $962,000 |
$240,000 | $335,000 |
$52,000 | $94,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
140 | $26,113,000 |
$186,000 | $525,000 |
$88,000 | $438,000 |
| 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 |
2 | $390,000 |
$195,000 | $270,000 |
$88,000 | $117,000 |
| Credit Application Incomplete |
28 | $8,287,000 |
$295,000 | $1,400,000 |
$167,000 | $1,963,000 |
| Credit History |
1 | $160,000 |
$160,000 | $160,000 |
$39,000 | $39,000 |
| Debt-To-Income Ratio |
4 | $997,000 |
$249,000 | $425,000 |
$62,000 | $78,000 |
| Employment History |
1 | $191,000 |
$191,000 | $191,000 |
$60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $825,000 |
$275,000 | $500,000 |
$149,000 | $199,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WALDEN FEDERAL SAVINGS & LOAN by:
Metropolitan Area And
County
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