|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
WESTERLY SAVINGS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
WESTERLY SAVINGS BANK |
| Address | 8 UNION STREET
WESTERLY, RI 02891 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 153 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,716,000 |
| Average Mortgage Loan Amount Applied For | $233,375 |
| Highest Mortgage Loan Amount Applied For | $1,267,000 |
| Average Applicant Income | $108,375 |
| Highest Applicant Income | $1,122,000 |
|
|
|
| Home Improvement |
34 | $5,732,000 |
$165,500 | $1,267,000 |
$99,500 | $547,000 |
| Home Purchase |
85 | $20,717,000 |
$249,000 | $650,000 |
$81,666 | $1,122,000 |
| Refinancing |
53 | $11,611,000 |
$228,500 | $584,000 |
$105,500 | $1,003,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $520,000 |
$260,000 | $440,000 |
$30,000 | $32,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $205,000 |
$205,000 | $205,000 |
$70,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $584,000 |
$292,000 | $296,000 |
$96,000 | $116,000 |
| Not Provided |
15 | $4,195,000 |
$302,000 | $500,000 |
$125,333 | $209,000 |
| White |
152 | $32,556,000 |
$225,000 | $1,267,000 |
$89,333 | $1,122,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
171 | $37,720,000 |
$237,000 | $1,267,000 |
$89,333 | $1,122,000 |
| 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) |
1 | $340,000 |
$340,000 | $340,000 |
$84,000 | $84,000 |
|
|
| Application Approved But Not Accepted |
11 | $3,120,000 |
$243,333 | $360,000 |
$109,000 | $547,000 |
| Application Denied By Financial Institution |
16 | $3,404,000 |
$246,500 | $525,000 |
$105,000 | $1,003,000 |
| Application Withdrawn By Applicant |
14 | $2,767,000 |
$219,666 | $420,000 |
$68,333 | $110,000 |
| File Closed For Incompleteness |
13 | $3,067,000 |
$187,000 | $440,000 |
$57,000 | $174,000 |
| Loan Originated |
104 | $21,601,000 |
$218,500 | $1,267,000 |
$97,000 | $1,122,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
12 | $3,451,000 |
$287,000 | $500,000 |
$101,000 | $174,000 |
| Preapproval Denied by Financial Institution |
2 | $650,000 |
$325,000 | $450,000 |
$36,000 | $43,000 |
|
|
| Collateral |
1 | $75,000 |
$75,000 | $75,000 |
$56,000 | $56,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,090,000 |
$272,000 | $525,000 |
$300,000 | $1,003,000 |
| Debt-To-Income Ratio |
11 | $2,407,000 |
$256,000 | $450,000 |
$48,333 | $105,000 |
| 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 |
2 | $482,000 |
$241,000 | $428,000 |
$0 | $0 |
|
Mortgage Loan App Totals for WESTERLY SAVINGS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
