| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FAIRFIELD FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAIRFIELD FINANCIAL |
| Address | 2 NATIONAL PLACE
DANBURY, CT 06810 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 2,296 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $610,159,000 |
| Average Mortgage Loan Amount Applied For | $217,304 |
| Highest Mortgage Loan Amount Applied For | $2,324,000 |
| Average Applicant Income | $83,176 |
| Highest Applicant Income | $1,020,000 |
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| Home Improvement |
1 | $220,000 |
$220,000 | $220,000 |
$262,000 | $262,000 |
| Home Purchase |
836 | $228,264,000 |
$273,000 | $2,324,000 |
$101,000 | $1,020,000 |
| Refinancing |
1,459 | $381,675,000 |
$261,000 | $1,430,000 |
$81,000 | $492,000 |
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| American Indian or Alaskan Native |
5 | $1,186,000 |
$237,000 | $453,000 |
$79,000 | $255,000 |
| Asian |
38 | $12,820,000 |
$337,000 | $975,000 |
$107,000 | $293,000 |
| Black or African American |
343 | $99,197,000 |
$289,000 | $1,750,000 |
$81,000 | $367,000 |
| Hispanic |
299 | $84,042,000 |
$281,000 | $1,000,000 |
$87,000 | $459,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,807,000 |
$361,000 | $656,000 |
$97,000 | $185,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
792 | $212,960,000 |
$268,000 | $2,324,000 |
$90,000 | $1,020,000 |
| White |
814 | $198,147,000 |
$243,000 | $1,388,000 |
$90,000 | $977,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,650 | $455,732,000 |
$276,000 | $2,324,000 |
$95,000 | $1,020,000 |
| FHA-insured (Federal Housing Administration) |
640 | $153,232,000 |
$239,000 | $553,000 |
$73,000 | $263,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $1,195,000 |
$199,000 | $330,000 |
$56,000 | $72,000 |
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| Application Approved But Not Accepted |
535 | $147,690,000 |
$276,000 | $1,388,000 |
$96,000 | $977,000 |
| Application Denied By Financial Institution |
589 | $159,759,000 |
$271,000 | $1,750,000 |
$87,000 | $936,000 |
| Application Withdrawn By Applicant |
314 | $88,927,000 |
$283,000 | $2,324,000 |
$103,000 | $1,020,000 |
| File Closed For Incompleteness |
14 | $3,288,000 |
$234,000 | $530,000 |
$67,000 | $170,000 |
| Loan Originated |
844 | $210,495,000 |
$249,000 | $1,000,000 |
$81,000 | $459,000 |
| 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 |
60 | $14,782,000 |
$246,000 | $588,000 |
$87,000 | $336,000 |
| Credit Application Incomplete |
4 | $1,168,000 |
$292,000 | $492,000 |
$60,000 | $90,000 |
| Credit History |
255 | $63,396,000 |
$248,000 | $966,000 |
$75,000 | $397,000 |
| Debt-To-Income Ratio |
103 | $29,965,000 |
$290,000 | $648,000 |
$74,000 | $348,000 |
| Employment History |
17 | $4,697,000 |
$276,000 | $508,000 |
$128,000 | $456,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
21 | $5,984,000 |
$284,000 | $1,500,000 |
$164,000 | $936,000 |
| Mortgage Insurance Denied |
1 | $195,000 |
$195,000 | $195,000 |
$246,000 | $246,000 |
| Other |
95 | $28,424,000 |
$299,000 | $1,750,000 |
$97,000 | $300,000 |
| Unverifiable Information |
33 | $11,148,000 |
$337,000 | $1,430,000 |
$112,000 | $400,000 |
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Mortgage Loan Application Totals for FAIRFIELD FINANCIAL by:
Metropolitan Area And
County
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