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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 | 141 ELM STREET
WESTFIELD, MA 01085 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 341 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,829,000 |
| Average Mortgage Loan Amount Applied For | $151,166 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $32,583 |
| Highest Applicant Income | $683,000 |
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| Home Improvement |
121 | $5,034,000 |
$41,000 | $289,000 |
$68,000 | $208,000 |
| Home Purchase |
81 | $14,467,000 |
$178,000 | $2,000,000 |
$17,000 | $185,000 |
| Refinancing |
139 | $13,328,000 |
$95,000 | $1,000,000 |
$47,000 | $683,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $730,000 |
$365,000 | $530,000 |
$0 | $0 |
| Black or African American |
2 | $45,000 |
$22,000 | $30,000 |
$86,000 | $128,000 |
| Hispanic |
2 | $208,000 |
$104,000 | $177,000 |
$19,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
96 | $18,546,000 |
$193,000 | $2,000,000 |
$0 | $0 |
| Not Provided |
3 | $88,000 |
$29,000 | $44,000 |
$66,000 | $92,000 |
| White |
236 | $13,212,000 |
$55,000 | $352,000 |
$67,000 | $683,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
341 | $32,829,000 |
$96,000 | $2,000,000 |
$47,000 | $683,000 |
| 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 |
10 | $419,000 |
$41,000 | $127,000 |
$81,000 | $156,000 |
| Application Denied By Financial Institution |
29 | $2,029,000 |
$69,000 | $308,000 |
$58,000 | $152,000 |
| Application Withdrawn By Applicant |
14 | $2,446,000 |
$174,000 | $860,000 |
$52,000 | $185,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
198 | $13,883,000 |
$70,000 | $2,000,000 |
$66,000 | $683,000 |
| Loan Purchased By The Institution |
90 | $14,052,000 |
$156,000 | $480,000 |
$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 |
4 | $425,000 |
$106,000 | $145,000 |
$64,000 | $95,000 |
| Credit History |
14 | $672,000 |
$48,000 | $107,000 |
$66,000 | $152,000 |
| Debt-To-Income Ratio |
8 | $746,000 |
$93,000 | $308,000 |
$44,000 | $62,000 |
| 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 |
3 | $186,000 |
$62,000 | $81,000 |
$56,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WESTFIELD BANK by:
Metropolitan Area And
County
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