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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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THE BANK OF NEW CANAAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF NEW CANAAN |
| Address | 208 ELM STREET
NEW CANAAN, CT 06840 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,276,000 |
| Average Mortgage Loan Amount Applied For | $512,000 |
| Highest Mortgage Loan Amount Applied For | $6,500,000 |
| Average Applicant Income | $256,400 |
| Highest Applicant Income | $2,720,000 |
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| Home Improvement |
7 | $12,865,000 |
$1,837,000 | $6,500,000 |
$494,000 | $1,500,000 |
| Home Purchase |
39 | $24,549,000 |
$629,000 | $2,376,000 |
$322,000 | $2,720,000 |
| Refinancing |
35 | $17,862,000 |
$510,000 | $1,700,000 |
$211,000 | $1,013,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $590,000 |
$295,000 | $320,000 |
$115,000 | $231,000 |
| Not Provided |
20 | $8,835,000 |
$441,000 | $1,300,000 |
$177,000 | $740,000 |
| White |
59 | $45,851,000 |
$777,000 | $6,500,000 |
$332,000 | $2,720,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
81 | $55,276,000 |
$682,000 | $6,500,000 |
$289,000 | $2,720,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
6 | $5,204,000 |
$867,000 | $2,000,000 |
$336,000 | $705,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
10 | $6,975,000 |
$697,000 | $2,500,000 |
$223,000 | $592,000 |
| File Closed For Incompleteness |
2 | $1,038,000 |
$519,000 | $550,000 |
$168,000 | $187,000 |
| Loan Originated |
63 | $42,059,000 |
$667,000 | $6,500,000 |
$298,000 | $2,720,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE BANK OF NEW CANAAN by:
Metropolitan Area And
County
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