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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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WESTFIELD BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTFIELD BANK |
| Address | 2 PARK CIRCLE
WESTFIELD CENTER, OH 44251 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 531 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $73,468,000 |
| Average Mortgage Loan Amount Applied For | $220,396 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $140,571 |
| Highest Applicant Income | $1,521,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
432 | $55,897,000 |
$129,000 | $814,000 |
$83,000 | $1,521,000 |
| Refinancing |
100 | $17,731,000 |
$177,000 | $1,600,000 |
$97,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $444,000 |
$148,000 | $250,000 |
$82,000 | $152,000 |
| Black or African American |
11 | $1,157,000 |
$105,000 | $268,000 |
$80,000 | $174,000 |
| Hispanic |
7 | $676,000 |
$96,000 | $114,000 |
$51,000 | $101,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
31 | $4,123,000 |
$133,000 | $600,000 |
$111,000 | $1,344,000 |
| White |
480 | $67,228,000 |
$140,000 | $1,600,000 |
$84,000 | $1,521,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
504 | $69,515,000 |
$137,000 | $1,600,000 |
$87,000 | $1,521,000 |
| FHA-insured (Federal Housing Administration) |
24 | $3,446,000 |
$143,000 | $276,000 |
$54,000 | $95,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $667,000 |
$166,000 | $242,000 |
$67,000 | $84,000 |
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| Application Approved But Not Accepted |
13 | $2,133,000 |
$164,000 | $352,000 |
$70,000 | $174,000 |
| Application Denied By Financial Institution |
19 | $2,936,000 |
$154,000 | $360,000 |
$69,000 | $153,000 |
| Application Withdrawn By Applicant |
40 | $5,055,000 |
$126,000 | $398,000 |
$54,000 | $146,000 |
| File Closed For Incompleteness |
18 | $2,502,000 |
$139,000 | $428,000 |
$75,000 | $174,000 |
| Loan Originated |
442 | $61,002,000 |
$138,000 | $1,600,000 |
$90,000 | $1,521,000 |
| 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 |
6 | $739,000 |
$123,000 | $170,000 |
$74,000 | $114,000 |
| Credit Application Incomplete |
1 | $171,000 |
$171,000 | $171,000 |
$54,000 | $54,000 |
| Credit History |
2 | $171,000 |
$85,000 | $100,000 |
$29,000 | $38,000 |
| Debt-To-Income Ratio |
2 | $435,000 |
$217,000 | $292,000 |
$80,000 | $119,000 |
| Employment History |
2 | $178,000 |
$89,000 | $142,000 |
$52,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $146,000 |
$146,000 | $146,000 |
$69,000 | $69,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $680,000 |
$226,000 | $360,000 |
$84,000 | $153,000 |
| Unverifiable Information |
2 | $416,000 |
$208,000 | $240,000 |
$85,000 | $116,000 |
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Mortgage Loan App Totals for WESTFIELD BANK by:
Metropolitan Area And
County
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