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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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WORONOCO SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WORONOCO SAVINGS BANK |
| Address | 31 COURT STREET
WESTFIELD, MA 01085 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 936 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $224,372,000 |
| Average Mortgage Loan Amount Applied For | $451,619 |
| Highest Mortgage Loan Amount Applied For | $4,500,000 |
| Average Applicant Income | $66,571 |
| Highest Applicant Income | $848,000 |
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| Home Improvement |
117 | $14,808,000 |
$165,333 | $635,000 |
$43,333 | $323,000 |
| Home Purchase |
367 | $81,103,000 |
$564,000 | $4,500,000 |
$30,800 | $497,000 |
| Refinancing |
452 | $128,461,000 |
$304,000 | $1,781,000 |
$93,000 | $848,000 |
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| American Indian or Alaskan Native |
4 | $237,000 |
$59,000 | $100,000 |
$30,000 | $35,000 |
| Asian |
74 | $24,977,000 |
$320,500 | $695,000 |
$112,500 | $300,000 |
| Black or African American |
7 | $1,216,000 |
$173,000 | $550,000 |
$93,000 | $356,000 |
| Hispanic |
17 | $2,000,000 |
$117,000 | $308,000 |
$51,000 | $121,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $83,000 |
$83,000 | $83,000 |
$28,000 | $28,000 |
| Not applicable |
65 | $35,463,000 |
$897,200 | $4,500,000 |
$0 | $82,000 |
| Not Provided |
41 | $7,261,000 |
$196,000 | $734,000 |
$74,000 | $230,000 |
| White |
727 | $153,135,000 |
$240,500 | $1,000,000 |
$99,500 | $848,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
936 | $224,372,000 |
$470,600 | $4,500,000 |
$32,200 | $848,000 |
| 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 |
27 | $7,926,000 |
$293,000 | $734,000 |
$105,000 | $276,000 |
| Application Denied By Financial Institution |
68 | $6,085,000 |
$186,000 | $334,000 |
$63,500 | $152,000 |
| Application Withdrawn By Applicant |
22 | $4,094,000 |
$232,000 | $850,000 |
$73,000 | $173,000 |
| File Closed For Incompleteness |
3 | $553,000 |
$179,000 | $225,000 |
$55,500 | $82,000 |
| Loan Originated |
759 | $181,196,000 |
$356,500 | $4,500,000 |
$99,500 | $848,000 |
| Loan Purchased By The Institution |
57 | $24,518,000 |
$447,800 | $988,000 |
$0 | $82,000 |
| 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 |
4 | $663,000 |
$165,000 | $200,000 |
$82,000 | $152,000 |
| Credit Application Incomplete |
7 | $901,000 |
$128,000 | $175,000 |
$40,000 | $70,000 |
| Credit History |
7 | $646,000 |
$92,000 | $220,000 |
$64,000 | $98,000 |
| Debt-To-Income Ratio |
11 | $1,107,000 |
$100,000 | $334,000 |
$33,000 | $61,000 |
| Employment History |
5 | $546,000 |
$168,500 | $268,000 |
$40,500 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $602,000 |
$150,000 | $206,000 |
$39,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $504,000 |
$252,000 | $310,000 |
$75,500 | $108,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WORONOCO SAVINGS BANK by:
Metropolitan Area And
County
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