|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
ESSEX SAVINGS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
ESSEX SAVINGS BANK |
| Address | PO BOX 950
ESSEX, CT 06426 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 146 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,689,000 |
| Average Mortgage Loan Amount Applied For | $172,750 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $116,500 |
| Highest Applicant Income | $859,000 |
|
|
|
| Home Improvement |
48 | $7,178,000 |
$149,000 | $950,000 |
$133,000 | $859,000 |
| Home Purchase |
47 | $12,662,000 |
$269,000 | $1,680,000 |
$107,000 | $763,000 |
| Refinancing |
51 | $6,849,000 |
$134,000 | $360,000 |
$89,000 | $326,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $348,000 |
$116,000 | $225,000 |
$90,000 | $115,000 |
| Black or African American |
1 | $150,000 |
$150,000 | $150,000 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $1,513,000 |
$189,000 | $420,000 |
$13,000 | $105,000 |
| Not Provided |
14 | $3,427,000 |
$244,000 | $1,680,000 |
$189,000 | $763,000 |
| White |
120 | $21,251,000 |
$177,000 | $950,000 |
$108,000 | $859,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
146 | $26,689,000 |
$182,000 | $1,680,000 |
$109,000 | $859,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
4 | $744,000 |
$186,000 | $280,000 |
$146,000 | $202,000 |
| Application Denied By Financial Institution |
6 | $2,578,000 |
$429,000 | $950,000 |
$95,000 | $222,000 |
| Application Withdrawn By Applicant |
1 | $75,000 |
$75,000 | $75,000 |
$93,000 | $93,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
135 | $23,292,000 |
$172,000 | $1,680,000 |
$109,000 | $859,000 |
| 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 |
|
|
| Collateral |
1 | $500,000 |
$500,000 | $500,000 |
$219,000 | $219,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $33,000 |
$33,000 | $33,000 |
$19,000 | $19,000 |
| Debt-To-Income Ratio |
4 | $2,045,000 |
$511,000 | $950,000 |
$83,000 | $222,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for ESSEX SAVINGS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
