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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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NORTH AMERICAN BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTH AMERICAN BANK & TRUST |
| Address | 609 West Johnson Avenue
Cheshire, CT 06401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 57 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,349,000 |
| Average Mortgage Loan Amount Applied For | $100,250 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $125,000 |
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| Home Improvement (one-to-four family) |
8 | $269,000 |
$33,000 | $80,000 |
$49,000 | $88,000 |
| Home Purchase (one-to-four family) |
3 | $334,000 |
$111,000 | $200,000 |
$56,000 | $93,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
8 | $1,896,000 |
$237,000 | $550,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
38 | $2,850,000 |
$75,000 | $185,000 |
$58,000 | $125,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
1 | $20,000 |
$20,000 | $20,000 |
$16,000 | $16,000 |
| Hispanic |
2 | $156,000 |
$78,000 | $94,000 |
$60,000 | $87,000 |
| Information not provided by applicant in mail or telephone application |
1 | $240,000 |
$240,000 | $240,000 |
$0 | $0 |
| Not applicable |
6 | $1,456,000 |
$242,000 | $550,000 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
47 | $3,477,000 |
$73,000 | $200,000 |
$56,000 | $125,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
56 | $5,187,000 |
$92,000 | $550,000 |
$44,000 | $125,000 |
| FHA-insured (Federal Housing Administration) |
1 | $162,000 |
$162,000 | $162,000 |
$68,000 | $68,000 |
| 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 |
2 | $141,000 |
$70,000 | $86,000 |
$41,000 | $43,000 |
| Application Denied By Financial Institution |
17 | $1,440,000 |
$84,000 | $168,000 |
$52,000 | $106,000 |
| Application Withdrawn By Applicant |
4 | $527,000 |
$131,000 | $240,000 |
$24,000 | $51,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
34 | $3,241,000 |
$95,000 | $550,000 |
$46,000 | $125,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $574,000 |
$82,000 | $162,000 |
$59,000 | $104,000 |
| Debt-To-Income Ratio |
4 | $455,000 |
$113,000 | $168,000 |
$48,000 | $97,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $411,000 |
$68,000 | $150,000 |
$51,000 | $106,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTH AMERICAN BANK & TRUST by:
Metropolitan Area And
County
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