| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FAIRFIELD COUNTY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAIRFIELD COUNTY BANK |
| Address | 150 DANBURY ROAD
RIDGEFIELD, CT 06877 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 425 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $242,212,000 |
| Average Mortgage Loan Amount Applied For | $394,727 |
| Highest Mortgage Loan Amount Applied For | $4,674,000 |
| Average Applicant Income | $238,181 |
| Highest Applicant Income | $5,324,000 |
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| Home Improvement |
35 | $33,856,000 |
$967,000 | $4,674,000 |
$289,000 | $1,763,000 |
| Home Purchase |
186 | $101,517,000 |
$545,000 | $2,600,000 |
$284,000 | $5,324,000 |
| Refinancing |
224 | $114,621,000 |
$511,000 | $4,025,000 |
$212,000 | $2,386,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $581,000 |
$581,000 | $581,000 |
$116,000 | $116,000 |
| Black or African American |
5 | $1,850,000 |
$370,000 | $417,000 |
$448,000 | $1,634,000 |
| Hispanic |
7 | $2,778,000 |
$396,000 | $1,276,000 |
$109,000 | $273,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $5,305,000 |
$1,326,000 | $3,600,000 |
$0 | $0 |
| Not Provided |
135 | $97,499,000 |
$722,000 | $4,674,000 |
$358,000 | $5,324,000 |
| White |
293 | $141,981,000 |
$484,000 | $4,025,000 |
$201,000 | $2,386,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
431 | $246,233,000 |
$571,000 | $4,674,000 |
$253,000 | $5,324,000 |
| FHA-insured (Federal Housing Administration) |
14 | $3,761,000 |
$268,000 | $532,000 |
$91,000 | $169,000 |
| 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 | $5,229,000 |
$522,000 | $1,580,000 |
$297,000 | $617,000 |
| Application Denied By Financial Institution |
47 | $40,743,000 |
$866,000 | $4,025,000 |
$274,000 | $2,386,000 |
| Application Withdrawn By Applicant |
26 | $13,147,000 |
$505,000 | $1,980,000 |
$250,000 | $850,000 |
| File Closed For Incompleteness |
40 | $29,973,000 |
$749,000 | $4,674,000 |
$231,000 | $1,317,000 |
| Loan Originated |
302 | $153,120,000 |
$507,000 | $3,600,000 |
$255,000 | $5,324,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
18 | $6,916,000 |
$384,000 | $1,000,000 |
$94,000 | $294,000 |
| Preapproval Denied by Financial Institution |
2 | $866,000 |
$433,000 | $750,000 |
$125,000 | $191,000 |
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| Collateral |
6 | $4,079,000 |
$679,000 | $2,000,000 |
$228,000 | $657,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $5,069,000 |
$724,000 | $2,769,000 |
$367,000 | $1,763,000 |
| Debt-To-Income Ratio |
28 | $25,741,000 |
$919,000 | $4,025,000 |
$173,000 | $755,000 |
| Employment History |
3 | $3,359,000 |
$1,119,000 | $2,600,000 |
$439,000 | $1,019,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $2,861,000 |
$715,000 | $1,625,000 |
$715,000 | $2,386,000 |
| Unverifiable Information |
1 | $500,000 |
$500,000 | $500,000 |
$186,000 | $186,000 |
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Mortgage Loan Application Totals for FAIRFIELD COUNTY BANK by:
Metropolitan Area And
County
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