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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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WESTBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTBANK |
| Address | C/O NEWALLIANCE BANK 195 CHURCH STREET
NEW HAVEN, CT 06510 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 305 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,158,000 |
| Average Mortgage Loan Amount Applied For | $234,375 |
| Highest Mortgage Loan Amount Applied For | $1,040,000 |
| Average Applicant Income | $97,500 |
| Highest Applicant Income | $702,000 |
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| Home Improvement |
84 | $8,385,000 |
$99,000 | $800,000 |
$87,000 | $702,000 |
| Home Purchase |
129 | $24,893,000 |
$192,000 | $1,040,000 |
$75,000 | $345,000 |
| Refinancing |
92 | $12,880,000 |
$140,000 | $450,000 |
$82,000 | $306,000 |
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| American Indian or Alaskan Native |
3 | $530,000 |
$176,000 | $245,000 |
$51,000 | $73,000 |
| Asian |
6 | $1,928,000 |
$321,000 | $1,040,000 |
$89,000 | $226,000 |
| Black or African American |
8 | $833,000 |
$104,000 | $251,000 |
$65,000 | $100,000 |
| Hispanic |
10 | $1,297,000 |
$129,000 | $384,000 |
$61,000 | $91,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $155,000 |
$77,000 | $100,000 |
$106,000 | $123,000 |
| White |
276 | $41,415,000 |
$150,000 | $800,000 |
$82,000 | $702,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
305 | $46,158,000 |
$151,000 | $1,040,000 |
$81,000 | $702,000 |
| 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 |
12 | $1,687,000 |
$140,000 | $210,000 |
$71,000 | $171,000 |
| Application Denied By Financial Institution |
40 | $5,379,000 |
$134,000 | $450,000 |
$71,000 | $252,000 |
| Application Withdrawn By Applicant |
17 | $2,955,000 |
$173,000 | $360,000 |
$59,000 | $134,000 |
| File Closed For Incompleteness |
3 | $806,000 |
$268,000 | $356,000 |
$74,000 | $86,000 |
| Loan Originated |
233 | $35,331,000 |
$151,000 | $1,040,000 |
$84,000 | $702,000 |
| 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 |
8 | $2,094,000 |
$261,000 | $450,000 |
$109,000 | $252,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $1,276,000 |
$91,000 | $220,000 |
$65,000 | $96,000 |
| Debt-To-Income Ratio |
13 | $1,438,000 |
$110,000 | $276,000 |
$58,000 | $137,000 |
| Employment History |
1 | $146,000 |
$146,000 | $146,000 |
$90,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $220,000 |
$220,000 | $220,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $160,000 |
$160,000 | $160,000 |
$48,000 | $48,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WESTBANK by:
Metropolitan Area And
County
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