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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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TOLLAND BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
TOLLAND BANK |
| Address | 348 Hartford Turnpike
Vernon, CT 06066 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| Data Years (click a year for detail) | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,415 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $177,420,000 |
| Average Mortgage Loan Amount Applied For | $165,866 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $100,533 |
| Highest Applicant Income | $859,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
91 | $16,943,000 |
$238,250 | $1,000,000 |
$141,500 | $452,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
2 | $602,000 |
$301,000 | $480,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,322 | $159,875,000 |
$137,666 | $765,000 |
$84,000 | $859,000 |
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| American Indian or Alaskan Native |
4 | $639,000 |
$159,000 | $210,000 |
$98,000 | $152,000 |
| Asian or Pacific Islander |
24 | $3,603,000 |
$150,000 | $365,000 |
$60,000 | $302,000 |
| Black |
11 | $1,390,000 |
$126,000 | $280,000 |
$59,000 | $128,000 |
| Hispanic |
14 | $1,614,000 |
$115,000 | $182,000 |
$64,000 | $105,000 |
| Information not provided by applicant in mail or telephone application |
1 | $765,000 |
$765,000 | $765,000 |
$0 | $0 |
| Not applicable |
4 | $1,201,000 |
$300,000 | $536,000 |
$27,000 | $108,000 |
| Other |
6 | $1,069,000 |
$178,000 | $250,000 |
$124,000 | $224,000 |
| White |
1,351 | $167,139,000 |
$191,250 | $1,000,000 |
$128,750 | $859,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,415 | $177,420,000 |
$191,500 | $1,000,000 |
$126,500 | $859,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
252 | $29,976,000 |
$141,666 | $320,000 |
$64,000 | $214,000 |
| Application Withdrawn By Applicant |
90 | $13,664,000 |
$150,500 | $765,000 |
$95,000 | $321,000 |
| File Closed For Incompleteness |
1 | $35,000 |
$35,000 | $35,000 |
$50,000 | $50,000 |
| Loan Originated |
1,069 | $133,173,000 |
$206,250 | $1,000,000 |
$142,750 | $859,000 |
| Loan Purchased By The Institution |
3 | $572,000 |
$190,000 | $281,000 |
$162,000 | $252,000 |
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| Collateral |
9 | $1,083,000 |
$198,500 | $300,000 |
$126,500 | $192,000 |
| Credit Application Incomplete |
23 | $2,863,000 |
$100,000 | $320,000 |
$56,000 | $144,000 |
| Credit History |
68 | $7,895,000 |
$116,000 | $277,000 |
$54,000 | $197,000 |
| Debt-To-Income Ratio |
103 | $13,248,000 |
$159,666 | $300,000 |
$35,000 | $170,000 |
| Employment History |
8 | $857,000 |
$107,000 | $167,000 |
$27,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $146,000 |
$146,000 | $146,000 |
$59,000 | $59,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
39 | $3,782,000 |
$96,000 | $252,000 |
$55,000 | $214,000 |
| Unverifiable Information |
1 | $102,000 |
$102,000 | $102,000 |
$80,000 | $80,000 |
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Mortgage Loan App Totals for TOLLAND BANK by:
Metropolitan Area And
County
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