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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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FAIRFIELD FINANCIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAIRFIELD FINANCIAL MORTGAGE |
| Address | 2 NATIONAL PLACE
DANBURY, CT 06810 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,613 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $580,243,000 |
| Average Mortgage Loan Amount Applied For | $178,922 |
| Highest Mortgage Loan Amount Applied For | $2,450,000 |
| Average Applicant Income | $84,056 |
| Highest Applicant Income | $1,884,000 |
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| Home Improvement |
21 | $4,206,000 |
$200,000 | $625,000 |
$79,000 | $350,000 |
| Home Purchase |
1,058 | $197,024,000 |
$186,000 | $1,172,000 |
$98,000 | $900,000 |
| Refinancing |
1,534 | $379,013,000 |
$247,000 | $2,450,000 |
$86,000 | $1,884,000 |
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| American Indian or Alaskan Native |
4 | $341,000 |
$85,000 | $192,000 |
$170,000 | $530,000 |
| Asian |
44 | $11,903,000 |
$270,000 | $1,000,000 |
$128,000 | $420,000 |
| Black or African American |
370 | $83,971,000 |
$226,000 | $960,000 |
$78,000 | $1,884,000 |
| Hispanic |
280 | $59,708,000 |
$213,000 | $694,000 |
$67,000 | $234,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $250,000 |
$125,000 | $200,000 |
$96,000 | $96,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
736 | $170,169,000 |
$231,000 | $2,450,000 |
$82,000 | $1,000,000 |
| White |
1,177 | $253,901,000 |
$215,000 | $1,713,000 |
$104,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,447 | $543,769,000 |
$222,000 | $2,450,000 |
$92,000 | $1,884,000 |
| FHA-insured (Federal Housing Administration) |
162 | $35,205,000 |
$217,000 | $577,000 |
$69,000 | $318,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $450,000 |
$450,000 | $450,000 |
$468,000 | $468,000 |
| VA-guaranteed (Veterans Administration) |
3 | $819,000 |
$273,000 | $350,000 |
$76,000 | $90,000 |
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| Application Approved But Not Accepted |
270 | $45,742,000 |
$169,000 | $975,000 |
$79,000 | $468,000 |
| Application Denied By Financial Institution |
192 | $42,541,000 |
$221,000 | $900,000 |
$83,000 | $504,000 |
| Application Withdrawn By Applicant |
980 | $233,776,000 |
$238,000 | $2,450,000 |
$91,000 | $1,884,000 |
| File Closed For Incompleteness |
1 | $240,000 |
$240,000 | $240,000 |
$41,000 | $41,000 |
| Loan Originated |
1,170 | $257,944,000 |
$220,000 | $1,713,000 |
$94,000 | $1,200,000 |
| 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 |
43 | $8,362,000 |
$194,000 | $694,000 |
$87,000 | $360,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
73 | $16,839,000 |
$230,000 | $630,000 |
$83,000 | $504,000 |
| Debt-To-Income Ratio |
22 | $6,092,000 |
$276,000 | $500,000 |
$76,000 | $177,000 |
| Employment History |
13 | $2,309,000 |
$177,000 | $460,000 |
$63,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $831,000 |
$166,000 | $496,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
26 | $5,868,000 |
$225,000 | $900,000 |
$101,000 | $250,000 |
| Unverifiable Information |
10 | $2,240,000 |
$224,000 | $449,000 |
$103,000 | $156,000 |
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Mortgage Loan App Totals for FAIRFIELD FINANCIAL MORTGAGE by:
Metropolitan Area And
County
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