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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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WARE CO-OPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WARE CO-OPERATIVE BANK |
| Address | 40 MAIN STREET, P.O. BOX 849
WARE, MA 01082 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 74 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,540,000 |
| Average Mortgage Loan Amount Applied For | $182,200 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $113,000 |
| Highest Applicant Income | $268,000 |
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| Home Improvement |
19 | $1,260,000 |
$66,000 | $160,000 |
$79,000 | $154,000 |
| Home Purchase |
29 | $5,784,000 |
$199,000 | $700,000 |
$84,000 | $200,000 |
| Refinancing |
26 | $3,496,000 |
$134,000 | $346,000 |
$77,000 | $268,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $200,000 |
$200,000 | $200,000 |
$62,000 | $62,000 |
| Not Provided |
12 | $1,577,000 |
$131,000 | $300,000 |
$97,000 | $200,000 |
| White |
61 | $8,763,000 |
$143,000 | $700,000 |
$77,000 | $268,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
72 | $9,823,000 |
$136,000 | $700,000 |
$79,000 | $268,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $717,000 |
$358,000 | $580,000 |
$128,000 | $193,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
7 | $1,102,000 |
$157,000 | $320,000 |
$88,000 | $200,000 |
| Application Denied By Financial Institution |
7 | $1,468,000 |
$209,000 | $700,000 |
$71,000 | $119,000 |
| Application Withdrawn By Applicant |
5 | $725,000 |
$145,000 | $300,000 |
$75,000 | $122,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
55 | $7,245,000 |
$131,000 | $580,000 |
$81,000 | $268,000 |
| 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 |
1 | $55,000 |
$55,000 | $55,000 |
$109,000 | $109,000 |
| Credit Application Incomplete |
1 | $150,000 |
$150,000 | $150,000 |
$38,000 | $38,000 |
| Credit History |
3 | $273,000 |
$91,000 | $140,000 |
$77,000 | $119,000 |
| Debt-To-Income Ratio |
2 | $990,000 |
$495,000 | $700,000 |
$60,000 | $109,000 |
| 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 WARE CO-OPERATIVE BANK by:
Metropolitan Area And
County
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