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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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WASHINGTON SAVINGS ASSOCIATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHINGTON SAVINGS ASSOCIATION |
| Address | 2900 COMLY ROAD
PHILADELPHIA, PA 19154 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 211 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,855,000 |
| Average Mortgage Loan Amount Applied For | $131,300 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $111,200 |
| Highest Applicant Income | $713,000 |
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| Home Improvement |
75 | $3,557,000 |
$47,000 | $240,000 |
$76,000 | $340,000 |
| Home Purchase |
30 | $6,426,000 |
$214,000 | $700,000 |
$124,000 | $713,000 |
| Refinancing |
106 | $11,872,000 |
$112,000 | $600,000 |
$90,000 | $461,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
31 | $3,370,000 |
$108,000 | $410,000 |
$86,000 | $232,000 |
| Black or African American |
1 | $75,000 |
$75,000 | $75,000 |
$32,000 | $32,000 |
| Hispanic |
1 | $60,000 |
$60,000 | $60,000 |
$81,000 | $81,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
178 | $18,350,000 |
$103,000 | $700,000 |
$91,000 | $713,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
211 | $21,855,000 |
$103,000 | $700,000 |
$90,000 | $713,000 |
| 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 |
17 | $1,588,000 |
$93,000 | $325,000 |
$78,000 | $175,000 |
| Application Denied By Financial Institution |
21 | $1,364,000 |
$64,000 | $174,000 |
$43,000 | $89,000 |
| Application Withdrawn By Applicant |
2 | $548,000 |
$274,000 | $366,000 |
$112,000 | $165,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
171 | $18,355,000 |
$107,000 | $700,000 |
$96,000 | $713,000 |
| 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 | $101,000 |
$50,000 | $92,000 |
$55,000 | $89,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $656,000 |
$65,000 | $140,000 |
$43,000 | $77,000 |
| Debt-To-Income Ratio |
9 | $607,000 |
$67,000 | $174,000 |
$41,000 | $81,000 |
| 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 WASHINGTON SAVINGS ASSOCIATION by:
Metropolitan Area And
County
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