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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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TORRINGTON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
TORRINGTON SAVINGS BANK |
| Address | 129 MAIN STREET - PO BOX 478
TORRINGTON, CT 06790 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 334 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $63,857,000 |
| Average Mortgage Loan Amount Applied For | $277,000 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $127,000 |
| Highest Applicant Income | $1,266,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
190 | $39,532,000 |
$208,000 | $650,000 |
$103,000 | $1,093,000 |
| Refinancing |
144 | $24,325,000 |
$168,000 | $417,000 |
$101,000 | $1,266,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $685,000 |
$342,000 | $473,000 |
$121,000 | $183,000 |
| Black or African American |
2 | $622,000 |
$311,000 | $326,000 |
$99,000 | $99,000 |
| Hispanic |
1 | $200,000 |
$200,000 | $200,000 |
$139,000 | $139,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $80,000 |
$80,000 | $80,000 |
$74,000 | $74,000 |
| Not applicable |
1 | $200,000 |
$200,000 | $200,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
327 | $62,070,000 |
$189,000 | $650,000 |
$102,000 | $1,266,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
334 | $63,857,000 |
$191,000 | $650,000 |
$102,000 | $1,266,000 |
| 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 |
9 | $1,743,000 |
$193,000 | $300,000 |
$111,000 | $261,000 |
| Application Denied By Financial Institution |
21 | $3,731,000 |
$177,000 | $417,000 |
$63,000 | $136,000 |
| Application Withdrawn By Applicant |
14 | $2,759,000 |
$197,000 | $304,000 |
$70,000 | $160,000 |
| File Closed For Incompleteness |
7 | $1,450,000 |
$207,000 | $350,000 |
$82,000 | $137,000 |
| Loan Originated |
255 | $47,032,000 |
$184,000 | $650,000 |
$107,000 | $1,266,000 |
| Loan Purchased By The Institution |
28 | $7,142,000 |
$255,000 | $500,000 |
$105,000 | $260,000 |
| 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 |
2 | $365,000 |
$182,000 | $250,000 |
$80,000 | $83,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,557,000 |
$141,000 | $270,000 |
$56,000 | $83,000 |
| Debt-To-Income Ratio |
5 | $1,321,000 |
$264,000 | $417,000 |
$62,000 | $77,000 |
| Employment History |
1 | $163,000 |
$163,000 | $163,000 |
$136,000 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $325,000 |
$162,000 | $225,000 |
$54,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for TORRINGTON SAVINGS BANK by:
Metropolitan Area And
County
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