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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 INSTITUTE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SAVINGS INSTITUTE |
| Address | 803 Main Street PO Box 95
Willimantic, CT 06226 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,443 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $167,972,000 |
| Average Mortgage Loan Amount Applied For | $133,461 |
| Highest Mortgage Loan Amount Applied For | $1,150,000 |
| Average Applicant Income | $75,692 |
| Highest Applicant Income | $553,000 |
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| Home Improvement (one-to-four family) |
325 | $9,612,000 |
$32,333 | $750,000 |
$43,333 | $553,000 |
| Home Purchase (one-to-four family) |
239 | $42,693,000 |
$198,333 | $900,000 |
$65,000 | $364,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
6 | $1,495,000 |
$249,000 | $520,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
873 | $114,172,000 |
$133,000 | $1,150,000 |
$67,333 | $487,000 |
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| American Indian or Alaskan Native |
1 | $150,000 |
$150,000 | $150,000 |
$32,000 | $32,000 |
| Asian or Pacific Islander |
20 | $2,645,000 |
$132,000 | $407,000 |
$83,000 | $200,000 |
| Black |
8 | $1,302,000 |
$162,000 | $642,000 |
$111,000 | $364,000 |
| Hispanic |
27 | $2,162,000 |
$80,000 | $203,000 |
$47,000 | $110,000 |
| Information not provided by applicant in mail or telephone application |
14 | $877,000 |
$62,000 | $380,000 |
$71,000 | $181,000 |
| Not applicable |
9 | $3,248,000 |
$360,000 | $1,100,000 |
$22,000 | $364,000 |
| Other |
4 | $681,000 |
$170,000 | $494,000 |
$72,000 | $133,000 |
| White |
1,360 | $156,907,000 |
$128,666 | $1,150,000 |
$59,666 | $553,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,417 | $165,325,000 |
$129,000 | $1,150,000 |
$60,333 | $553,000 |
| FHA-insured (Federal Housing Administration) |
22 | $2,336,000 |
$106,000 | $168,000 |
$39,000 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $311,000 |
$77,000 | $150,000 |
$51,000 | $63,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
30 | $4,483,000 |
$149,000 | $585,000 |
$59,000 | $183,000 |
| Application Denied By Financial Institution |
124 | $6,279,000 |
$49,000 | $427,000 |
$29,500 | $332,000 |
| Application Withdrawn By Applicant |
36 | $3,369,000 |
$93,000 | $295,000 |
$81,000 | $375,000 |
| File Closed For Incompleteness |
13 | $2,514,000 |
$193,000 | $525,000 |
$60,000 | $130,000 |
| Loan Originated |
1,240 | $151,327,000 |
$137,666 | $1,150,000 |
$66,666 | $553,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
9 | $783,000 |
$87,000 | $285,000 |
$64,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
45 | $1,795,000 |
$39,000 | $223,000 |
$64,000 | $200,000 |
| Debt-To-Income Ratio |
39 | $2,207,000 |
$56,000 | $293,000 |
$40,000 | $95,000 |
| Employment History |
7 | $213,000 |
$37,500 | $100,000 |
$28,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $8,000 |
$8,000 | $8,000 |
$75,000 | $75,000 |
| Other |
12 | $1,061,000 |
$88,000 | $427,000 |
$78,000 | $332,000 |
| Unverifiable Information |
2 | $20,000 |
$10,000 | $10,000 |
$56,000 | $58,000 |
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Mortgage Loan App Totals for SAVINGS INSTITUTE by:
Metropolitan Area And
County
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