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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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WELLESLEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLESLEY BANK |
| Address | 40 CENTRAL STREET
WELLESLEY, MA 02482 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 48 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,020,000 |
| Average Mortgage Loan Amount Applied For | $842,000 |
| Highest Mortgage Loan Amount Applied For | $2,190,000 |
| Average Applicant Income | $328,000 |
| Highest Applicant Income | $1,076,000 |
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| Home Improvement |
8 | $4,114,000 |
$514,000 | $1,320,000 |
$155,000 | $327,000 |
| Home Purchase |
24 | $11,535,000 |
$480,000 | $1,868,000 |
$174,000 | $1,076,000 |
| Refinancing |
16 | $14,371,000 |
$898,000 | $2,190,000 |
$240,000 | $1,017,000 |
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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 |
2 | $1,469,000 |
$734,000 | $1,139,000 |
$312,000 | $567,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $9,497,000 |
$1,055,000 | $2,190,000 |
$269,000 | $1,076,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
37 | $19,054,000 |
$514,000 | $1,935,000 |
$168,000 | $1,017,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
48 | $30,020,000 |
$625,000 | $2,190,000 |
$193,000 | $1,076,000 |
| 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 |
1 | $700,000 |
$700,000 | $700,000 |
$261,000 | $261,000 |
| Application Denied By Financial Institution |
3 | $2,401,000 |
$800,000 | $1,200,000 |
$100,000 | $188,000 |
| Application Withdrawn By Applicant |
1 | $123,000 |
$123,000 | $123,000 |
$51,000 | $51,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
43 | $26,796,000 |
$623,000 | $2,190,000 |
$201,000 | $1,076,000 |
| 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 | $1,200,000 |
$1,200,000 | $1,200,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $1,201,000 |
$600,000 | $861,000 |
$150,000 | $188,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 WELLESLEY BANK by:
Metropolitan Area And
County
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