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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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PUTNAM SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PUTNAM SAVINGS BANK |
| Address | 40 MAIN STREET PO BOX 151
PUTNAM, CT 06260 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 404 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $60,395,000 |
| Average Mortgage Loan Amount Applied For | $209,000 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $73,750 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
108 | $7,517,000 |
$69,000 | $436,000 |
$66,000 | $156,000 |
| Home Purchase |
171 | $34,722,000 |
$203,000 | $550,000 |
$74,000 | $350,000 |
| Refinancing |
125 | $18,156,000 |
$145,000 | $700,000 |
$70,000 | $347,000 |
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| American Indian or Alaskan Native |
1 | $152,000 |
$152,000 | $152,000 |
$28,000 | $28,000 |
| Asian |
4 | $1,053,000 |
$263,000 | $512,000 |
$108,000 | $197,000 |
| Black or African American |
1 | $633,000 |
$633,000 | $633,000 |
$347,000 | $347,000 |
| Hispanic |
6 | $1,032,000 |
$172,000 | $204,000 |
$73,000 | $94,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $1,752,000 |
$194,000 | $550,000 |
$19,000 | $100,000 |
| Not Provided |
11 | $870,000 |
$79,000 | $431,000 |
$60,000 | $136,000 |
| White |
372 | $54,903,000 |
$147,000 | $700,000 |
$71,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
385 | $57,054,000 |
$148,000 | $700,000 |
$71,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
2 | $432,000 |
$216,000 | $246,000 |
$65,000 | $78,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
17 | $2,909,000 |
$171,000 | $237,000 |
$55,000 | $81,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
7 | $609,000 |
$87,000 | $160,000 |
$54,000 | $90,000 |
| Application Denied By Financial Institution |
62 | $7,635,000 |
$123,000 | $365,000 |
$65,000 | $225,000 |
| Application Withdrawn By Applicant |
13 | $1,746,000 |
$134,000 | $399,000 |
$53,000 | $102,000 |
| File Closed For Incompleteness |
1 | $431,000 |
$431,000 | $431,000 |
$76,000 | $76,000 |
| Loan Originated |
321 | $49,974,000 |
$155,000 | $700,000 |
$73,000 | $350,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
8 | $1,195,000 |
$149,000 | $350,000 |
$73,000 | $122,000 |
| Credit Application Incomplete |
3 | $890,000 |
$296,000 | $365,000 |
$113,000 | $191,000 |
| Credit History |
28 | $2,606,000 |
$93,000 | $263,000 |
$68,000 | $225,000 |
| Debt-To-Income Ratio |
17 | $2,299,000 |
$135,000 | $340,000 |
$50,000 | $92,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $383,000 |
$191,000 | $267,000 |
$45,000 | $48,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $262,000 |
$65,000 | $115,000 |
$58,000 | $74,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PUTNAM SAVINGS BANK by:
Metropolitan Area And
County
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