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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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LIBERTY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LIBERTY BANK |
| Address | 315 MAIN STREET
MIDDLETOWN, CT 06457 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,688 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $517,484,000 |
| Average Mortgage Loan Amount Applied For | $4,463,541 |
| Highest Mortgage Loan Amount Applied For | $18,700,000 |
| Average Applicant Income | $33,041 |
| Highest Applicant Income | $1,455,000 |
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| Home Improvement |
967 | $62,694,000 |
$64,000 | $2,780,000 |
$89,000 | $480,000 |
| Home Purchase |
768 | $225,113,000 |
$293,000 | $15,750,000 |
$99,000 | $1,455,000 |
| Refinancing |
979 | $234,816,000 |
$239,000 | $18,700,000 |
$86,000 | $900,000 |
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| American Indian or Alaskan Native |
4 | $200,000 |
$50,000 | $100,000 |
$66,000 | $85,000 |
| Asian |
77 | $13,776,000 |
$178,000 | $750,000 |
$84,000 | $490,000 |
| Black or African American |
48 | $5,670,000 |
$118,000 | $550,000 |
$61,000 | $211,000 |
| Hispanic |
74 | $7,791,000 |
$105,000 | $352,000 |
$82,000 | $444,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $488,000 |
$69,000 | $200,000 |
$92,000 | $160,000 |
| Not applicable |
50 | $194,307,000 |
$3,886,000 | $18,700,000 |
$5,000 | $132,000 |
| Not Provided |
152 | $15,296,000 |
$100,000 | $450,000 |
$93,000 | $900,000 |
| White |
2,302 | $285,095,000 |
$123,000 | $2,000,000 |
$93,000 | $1,455,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,662 | $513,440,000 |
$192,000 | $18,700,000 |
$91,000 | $1,455,000 |
| FHA-insured (Federal Housing Administration) |
52 | $9,183,000 |
$176,000 | $269,000 |
$55,000 | $91,000 |
| 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 |
89 | $10,551,000 |
$118,000 | $560,000 |
$86,000 | $510,000 |
| Application Denied By Financial Institution |
362 | $48,747,000 |
$134,000 | $13,830,000 |
$75,000 | $756,000 |
| Application Withdrawn By Applicant |
122 | $150,487,000 |
$1,233,000 | $18,700,000 |
$75,000 | $552,000 |
| File Closed For Incompleteness |
23 | $4,711,000 |
$204,000 | $500,000 |
$89,000 | $244,000 |
| Loan Originated |
2,075 | $301,627,000 |
$145,000 | $9,300,000 |
$95,000 | $1,455,000 |
| Loan Purchased By The Institution |
17 | $1,361,000 |
$80,000 | $230,000 |
$52,000 | $444,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
26 | $5,139,000 |
$197,000 | $400,000 |
$49,000 | $140,000 |
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| Collateral |
60 | $4,508,000 |
$75,000 | $310,000 |
$115,000 | $756,000 |
| Credit Application Incomplete |
23 | $1,921,000 |
$83,000 | $330,000 |
$118,000 | $480,000 |
| Credit History |
105 | $10,952,000 |
$104,000 | $417,000 |
$68,000 | $204,000 |
| Debt-To-Income Ratio |
167 | $17,054,000 |
$102,000 | $2,000,000 |
$57,000 | $351,000 |
| Employment History |
5 | $315,000 |
$63,000 | $160,000 |
$37,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $724,000 |
$241,000 | $392,000 |
$74,000 | $124,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
24 | $18,287,000 |
$761,000 | $13,830,000 |
$61,000 | $141,000 |
| Unverifiable Information |
1 | $125,000 |
$125,000 | $125,000 |
$82,000 | $82,000 |
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Mortgage Loan App Totals for LIBERTY BANK by:
Metropolitan Area And
County
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