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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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NEWTOWN SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEWTOWN SAVINGS BANK |
| Address | 39 MAIN STREET
NEWTOWN, CT 06470 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 827 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $175,435,000 |
| Average Mortgage Loan Amount Applied For | $278,600 |
| Highest Mortgage Loan Amount Applied For | $1,478,000 |
| Average Applicant Income | $226,800 |
| Highest Applicant Income | $1,455,000 |
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| Home Improvement |
105 | $5,037,000 |
$47,000 | $200,000 |
$93,000 | $365,000 |
| Home Purchase |
333 | $94,233,000 |
$282,000 | $1,478,000 |
$116,000 | $1,455,000 |
| Refinancing |
398 | $78,307,000 |
$196,000 | $900,000 |
$100,000 | $605,000 |
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| American Indian or Alaskan Native |
1 | $125,000 |
$125,000 | $125,000 |
$28,000 | $28,000 |
| Asian |
11 | $2,531,000 |
$230,000 | $472,000 |
$103,000 | $145,000 |
| Black or African American |
17 | $4,097,000 |
$241,000 | $628,000 |
$77,000 | $187,000 |
| Hispanic |
25 | $5,313,000 |
$212,000 | $475,000 |
$93,000 | $483,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $900,000 |
$300,000 | $417,000 |
$60,000 | $99,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,152,000 |
$192,000 | $415,000 |
$112,000 | $197,000 |
| White |
773 | $163,459,000 |
$211,000 | $1,478,000 |
$107,000 | $1,455,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
836 | $177,577,000 |
$212,000 | $1,478,000 |
$105,000 | $1,455,000 |
| 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 |
20 | $3,553,000 |
$177,000 | $500,000 |
$95,000 | $218,000 |
| Application Denied By Financial Institution |
31 | $7,914,000 |
$255,000 | $600,000 |
$111,000 | $515,000 |
| Application Withdrawn By Applicant |
64 | $19,228,000 |
$300,000 | $1,100,000 |
$102,000 | $459,000 |
| File Closed For Incompleteness |
39 | $11,278,000 |
$289,000 | $1,478,000 |
$151,000 | $1,455,000 |
| Loan Originated |
673 | $133,462,000 |
$198,000 | $1,400,000 |
$104,000 | $1,395,000 |
| 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 |
9 | $2,142,000 |
$238,000 | $400,000 |
$63,000 | $143,000 |
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| Collateral |
6 | $1,637,000 |
$272,000 | $500,000 |
$183,000 | $515,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,951,000 |
$216,000 | $458,000 |
$63,000 | $126,000 |
| Debt-To-Income Ratio |
19 | $4,729,000 |
$248,000 | $600,000 |
$57,000 | $180,000 |
| Employment History |
1 | $400,000 |
$400,000 | $400,000 |
$109,000 | $109,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,339,000 |
$267,000 | $500,000 |
$233,000 | $365,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEWTOWN SAVINGS BANK by:
Metropolitan Area And
County
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