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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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SAVINGS BANK OF MANCHESTER
Mortgage Loans and Application Details
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| Mortgage Company Name |
SAVINGS BANK OF MANCHESTER |
| Address | 923 MAIN ST
MANCHESTER, CT 06040 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 3,163 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $447,209,000 |
| Average Mortgage Loan Amount Applied For | $167,200 |
| Highest Mortgage Loan Amount Applied For | $1,470,000 |
| Average Applicant Income | $207,800 |
| Highest Applicant Income | $1,757,000 |
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| Home Improvement (one-to-four family) |
266 | $8,242,000 |
$27,500 | $150,000 |
$74,000 | $213,000 |
| Home Purchase (one-to-four family) |
629 | $119,383,000 |
$150,500 | $1,470,000 |
$119,250 | $1,460,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
13 | $7,516,000 |
$578,000 | $1,163,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
2,255 | $312,068,000 |
$204,333 | $990,000 |
$654,000 | $1,757,000 |
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| American Indian or Alaskan Native |
11 | $1,013,000 |
$92,000 | $168,000 |
$60,000 | $139,000 |
| Asian or Pacific Islander |
64 | $10,823,000 |
$169,000 | $490,000 |
$60,000 | $228,000 |
| Black |
37 | $5,244,000 |
$141,000 | $342,000 |
$79,000 | $203,000 |
| Hispanic |
37 | $4,943,000 |
$133,000 | $384,000 |
$72,000 | $149,000 |
| Information not provided by applicant in mail or telephone application |
4 | $568,000 |
$142,000 | $241,000 |
$93,000 | $280,000 |
| Not applicable |
13 | $7,516,000 |
$578,000 | $1,163,000 |
$0 | $0 |
| Other |
13 | $2,639,000 |
$203,000 | $309,000 |
$102,000 | $261,000 |
| White |
2,984 | $414,463,000 |
$171,400 | $1,470,000 |
$449,800 | $1,757,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,125 | $442,521,000 |
$172,000 | $1,470,000 |
$449,600 | $1,757,000 |
| FHA-insured (Federal Housing Administration) |
38 | $4,688,000 |
$123,000 | $177,000 |
$48,000 | $101,000 |
| 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 |
52 | $6,323,000 |
$121,000 | $350,000 |
$83,000 | $199,000 |
| Application Denied By Financial Institution |
89 | $10,054,000 |
$112,000 | $990,000 |
$67,000 | $384,000 |
| Application Withdrawn By Applicant |
132 | $20,318,000 |
$153,000 | $600,000 |
$85,000 | $657,000 |
| File Closed For Incompleteness |
2 | $196,000 |
$98,000 | $186,000 |
$81,000 | $120,000 |
| Loan Originated |
2,888 | $410,318,000 |
$172,200 | $1,470,000 |
$449,200 | $1,757,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
14 | $1,284,000 |
$91,000 | $354,000 |
$77,000 | $212,000 |
| Credit Application Incomplete |
1 | $450,000 |
$450,000 | $450,000 |
$200,000 | $200,000 |
| Credit History |
30 | $2,979,000 |
$99,000 | $300,000 |
$66,000 | $237,000 |
| Debt-To-Income Ratio |
34 | $3,387,000 |
$99,000 | $407,000 |
$47,000 | $118,000 |
| 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 |
7 | $749,000 |
$107,000 | $238,000 |
$47,000 | $91,000 |
| Unverifiable Information |
2 | $215,000 |
$107,000 | $145,000 |
$36,000 | $36,000 |
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Mortgage Loan App Totals for SAVINGS BANK OF MANCHESTER by:
Metropolitan Area And
County
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