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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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VALLEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY BANK |
| Address | FOUR RIVERSIDE AVENUE
BRISTOL, CT 06010 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 63 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,367,000 |
| Average Mortgage Loan Amount Applied For | $139,333 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $77,333 |
| Highest Applicant Income | $650,000 |
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| Home Improvement |
18 | $1,864,000 |
$103,000 | $900,000 |
$71,000 | $200,000 |
| Home Purchase |
20 | $2,965,000 |
$148,000 | $320,000 |
$58,000 | $125,000 |
| Refinancing |
25 | $2,538,000 |
$101,000 | $400,000 |
$103,000 | $650,000 |
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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 |
2 | $295,000 |
$147,000 | $275,000 |
$49,000 | $57,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $150,000 |
$150,000 | $150,000 |
$317,000 | $317,000 |
| Not applicable |
4 | $502,000 |
$125,000 | $250,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
56 | $6,420,000 |
$114,000 | $900,000 |
$82,000 | $650,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
63 | $7,367,000 |
$116,000 | $900,000 |
$80,000 | $650,000 |
| 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 |
2 | $280,000 |
$140,000 | $240,000 |
$63,000 | $76,000 |
| Application Denied By Financial Institution |
10 | $701,000 |
$70,000 | $200,000 |
$38,000 | $83,000 |
| Application Withdrawn By Applicant |
3 | $620,000 |
$206,000 | $400,000 |
$76,000 | $112,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
48 | $5,766,000 |
$120,000 | $900,000 |
$89,000 | $650,000 |
| 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 |
2 | $68,000 |
$34,000 | $48,000 |
$33,000 | $40,000 |
| Debt-To-Income Ratio |
7 | $540,000 |
$77,000 | $200,000 |
$38,000 | $83,000 |
| 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 |
1 | $93,000 |
$93,000 | $93,000 |
$50,000 | $50,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VALLEY BANK by:
Metropolitan Area And
County
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