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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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PEOPLE'S BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEOPLE'S BANK |
| Address | 850 MAIN STREET, BC 6-431
BRIDGEPORT, CT 06604 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,854 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,800,706,000 |
| Average Mortgage Loan Amount Applied For | $455,064 |
| Highest Mortgage Loan Amount Applied For | $5,000,000 |
| Average Applicant Income | $252,967 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
2,043 | $236,111,000 |
$115,000 | $3,414,000 |
$100,000 | $3,000,000 |
| Home Purchase |
2,809 | $1,187,422,000 |
$422,000 | $5,000,000 |
$159,000 | $9,999,000 |
| Refinancing |
2,728 | $661,782,000 |
$242,000 | $3,500,000 |
$124,000 | $2,366,000 |
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| American Indian or Alaskan Native |
32 | $2,690,000 |
$84,000 | $300,000 |
$73,000 | $256,000 |
| Asian |
240 | $55,297,000 |
$230,000 | $1,680,000 |
$102,000 | $846,000 |
| Black or African American |
465 | $62,067,000 |
$133,000 | $1,300,000 |
$72,000 | $499,000 |
| Hispanic |
545 | $80,195,000 |
$147,000 | $2,000,000 |
$73,000 | $1,225,000 |
| Native Hawaiin or Other Pacific Islander |
42 | $7,272,000 |
$173,000 | $790,000 |
$96,000 | $270,000 |
| Not applicable |
449 | $179,134,000 |
$398,000 | $1,960,000 |
$24,000 | $9,999,000 |
| Not Provided |
268 | $57,703,000 |
$215,000 | $2,200,000 |
$124,000 | $1,200,000 |
| White |
5,539 | $1,640,957,000 |
$296,000 | $5,000,000 |
$152,000 | $4,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,392 | $2,048,763,000 |
$277,000 | $5,000,000 |
$132,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
187 | $36,329,000 |
$194,000 | $471,000 |
$62,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $223,000 |
$223,000 | $223,000 |
$60,000 | $60,000 |
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| Application Approved But Not Accepted |
480 | $193,654,000 |
$403,000 | $3,430,000 |
$181,000 | $2,300,000 |
| Application Denied By Financial Institution |
996 | $93,021,000 |
$93,000 | $1,650,000 |
$72,000 | $972,000 |
| Application Withdrawn By Applicant |
482 | $257,804,000 |
$534,000 | $3,300,000 |
$221,000 | $4,800,000 |
| File Closed For Incompleteness |
299 | $57,456,000 |
$192,000 | $5,000,000 |
$146,000 | $3,567,000 |
| Loan Originated |
4,547 | $1,197,274,000 |
$263,000 | $3,910,000 |
$142,000 | $9,999,000 |
| Loan Purchased By The Institution |
432 | $171,444,000 |
$396,000 | $1,364,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
280 | $99,898,000 |
$356,000 | $3,500,000 |
$110,000 | $766,000 |
| Preapproval Denied by Financial Institution |
64 | $14,764,000 |
$230,000 | $1,600,000 |
$48,000 | $170,000 |
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| Collateral |
179 | $17,486,000 |
$97,000 | $1,095,000 |
$109,000 | $972,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
361 | $26,236,000 |
$72,000 | $741,000 |
$72,000 | $749,000 |
| Debt-To-Income Ratio |
450 | $45,590,000 |
$101,000 | $1,288,000 |
$51,000 | $249,000 |
| Employment History |
2 | $1,207,000 |
$603,000 | $1,000,000 |
$285,000 | $509,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
13 | $2,800,000 |
$215,000 | $535,000 |
$64,000 | $150,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
53 | $14,341,000 |
$270,000 | $1,650,000 |
$92,000 | $390,000 |
| Unverifiable Information |
2 | $125,000 |
$62,000 | $100,000 |
$12,000 | $25,000 |
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Mortgage Loan App Totals for PEOPLE'S BANK by:
Metropolitan Area And
County
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