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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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NEW MIL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW MIL BANK |
| Address | 291 DANBURY ROAD, PO BOX 1000
NEW MILFORD, CT 06776 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 269 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $80,697,000 |
| Average Mortgage Loan Amount Applied For | $265,200 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $103,600 |
| Highest Applicant Income | $883,000 |
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| Home Improvement |
10 | $3,272,000 |
$327,000 | $1,040,000 |
$139,000 | $552,000 |
| Home Purchase |
152 | $45,208,000 |
$297,000 | $1,750,000 |
$95,000 | $562,000 |
| Refinancing |
107 | $32,217,000 |
$300,500 | $1,700,000 |
$139,000 | $883,000 |
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| American Indian or Alaskan Native |
2 | $406,000 |
$203,000 | $206,000 |
$106,000 | $146,000 |
| Asian |
11 | $3,401,000 |
$309,000 | $600,000 |
$93,000 | $267,000 |
| Black or African American |
4 | $1,417,000 |
$354,000 | $480,000 |
$61,000 | $95,000 |
| Hispanic |
6 | $1,400,000 |
$233,000 | $315,000 |
$67,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $4,800,000 |
$480,000 | $1,750,000 |
$93,000 | $400,000 |
| Not Provided |
23 | $6,858,000 |
$298,000 | $1,000,000 |
$126,000 | $264,000 |
| White |
213 | $62,415,000 |
$296,000 | $1,700,000 |
$140,000 | $883,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
269 | $80,697,000 |
$299,500 | $1,750,000 |
$139,500 | $883,000 |
| 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 |
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| Application Approved But Not Accepted |
10 | $2,667,000 |
$266,000 | $500,000 |
$75,000 | $192,000 |
| Application Denied By Financial Institution |
11 | $3,295,000 |
$299,000 | $1,000,000 |
$86,000 | $264,000 |
| Application Withdrawn By Applicant |
18 | $6,563,000 |
$364,000 | $1,700,000 |
$134,000 | $315,000 |
| File Closed For Incompleteness |
1 | $280,000 |
$280,000 | $280,000 |
$73,000 | $73,000 |
| Loan Originated |
214 | $61,203,000 |
$292,500 | $1,475,000 |
$139,000 | $883,000 |
| Loan Purchased By The Institution |
15 | $6,689,000 |
$445,000 | $1,750,000 |
$115,000 | $400,000 |
| 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 |
1 | $219,000 |
$219,000 | $219,000 |
$51,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,502,000 |
$375,000 | $1,000,000 |
$117,000 | $264,000 |
| Debt-To-Income Ratio |
5 | $1,347,000 |
$269,000 | $480,000 |
$72,000 | $98,000 |
| Employment History |
1 | $227,000 |
$227,000 | $227,000 |
$55,000 | $55,000 |
| 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 |
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Mortgage Loan App Totals for NEW MIL BANK by:
Metropolitan Area And
County
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