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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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WATERTOWN SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WATERTOWN SAVINGS BANK |
| Address | 60 MAIN STREET
WATERTOWN, MA 02472 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 476 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $136,413,000 |
| Average Mortgage Loan Amount Applied For | $278,272 |
| Highest Mortgage Loan Amount Applied For | $2,923,000 |
| Average Applicant Income | $167,636 |
| Highest Applicant Income | $2,254,000 |
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| Home Improvement |
48 | $13,770,000 |
$286,000 | $2,923,000 |
$96,000 | $436,000 |
| Home Purchase |
213 | $66,978,000 |
$314,000 | $1,500,000 |
$130,000 | $2,254,000 |
| Refinancing |
215 | $55,665,000 |
$258,000 | $1,500,000 |
$111,000 | $1,588,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
21 | $4,715,000 |
$224,000 | $375,000 |
$112,000 | $408,000 |
| Black or African American |
3 | $1,215,000 |
$405,000 | $500,000 |
$125,000 | $215,000 |
| Hispanic |
7 | $1,946,000 |
$278,000 | $571,000 |
$77,000 | $205,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
35 | $18,684,000 |
$533,000 | $2,923,000 |
$72,000 | $859,000 |
| Not Provided |
5 | $1,209,000 |
$241,000 | $415,000 |
$87,000 | $156,000 |
| White |
405 | $108,644,000 |
$268,000 | $1,500,000 |
$123,000 | $2,254,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
475 | $136,080,000 |
$286,000 | $2,923,000 |
$118,000 | $2,254,000 |
| FHA-insured (Federal Housing Administration) |
1 | $333,000 |
$333,000 | $333,000 |
$175,000 | $175,000 |
| 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 |
3 | $915,000 |
$305,000 | $400,000 |
$43,000 | $64,000 |
| Application Denied By Financial Institution |
1 | $572,000 |
$572,000 | $572,000 |
$139,000 | $139,000 |
| Application Withdrawn By Applicant |
28 | $9,491,000 |
$338,000 | $1,100,000 |
$120,000 | $479,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
444 | $125,435,000 |
$282,000 | $2,923,000 |
$118,000 | $2,254,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $572,000 |
$572,000 | $572,000 |
$139,000 | $139,000 |
| 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 WATERTOWN SAVINGS BANK by:
Metropolitan Area And
County
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