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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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1ST 2ND MORTGAGE CO. OF N.J.,
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST 2ND MORTGAGE CO. OF N.J., |
| Address | 50 SPRING STREET
CRESSKILL, NJ 07626 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,131 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $244,896,000 |
| Average Mortgage Loan Amount Applied For | $199,329 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $78,804 |
| Highest Applicant Income | $1,608,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
513 | $111,963,000 |
$185,466 | $650,000 |
$68,666 | $1,608,000 |
| Refinancing |
639 | $135,212,000 |
$183,066 | $1,000,000 |
$74,733 | $325,000 |
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| American Indian or Alaskan Native |
1 | $244,000 |
$244,000 | $244,000 |
$110,000 | $110,000 |
| Asian |
822 | $177,666,000 |
$204,642 | $1,000,000 |
$82,928 | $377,000 |
| Black or African American |
48 | $8,680,000 |
$149,714 | $385,000 |
$65,714 | $148,000 |
| Hispanic |
47 | $10,237,000 |
$197,714 | $390,000 |
$88,285 | $188,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,084,000 |
$147,000 | $249,000 |
$60,000 | $97,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
33 | $6,945,000 |
$177,400 | $352,000 |
$65,600 | $150,000 |
| White |
192 | $42,319,000 |
$203,916 | $649,000 |
$62,916 | $1,608,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,142 | $245,181,000 |
$188,000 | $1,000,000 |
$73,166 | $1,608,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,994,000 |
$151,666 | $276,000 |
$53,000 | $125,000 |
| 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 |
13 | $2,863,000 |
$173,000 | $334,000 |
$47,000 | $249,000 |
| Application Denied By Financial Institution |
138 | $31,482,000 |
$221,071 | $1,000,000 |
$79,285 | $305,000 |
| Application Withdrawn By Applicant |
138 | $28,946,000 |
$181,090 | $649,000 |
$71,090 | $250,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
863 | $183,884,000 |
$174,352 | $650,000 |
$70,588 | $1,608,000 |
| 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 |
18 | $3,703,000 |
$241,000 | $720,000 |
$93,750 | $275,000 |
| Credit Application Incomplete |
5 | $1,084,000 |
$200,000 | $433,000 |
$92,333 | $144,000 |
| Credit History |
3 | $475,000 |
$157,500 | $182,000 |
$65,000 | $85,000 |
| Debt-To-Income Ratio |
17 | $3,289,000 |
$151,333 | $427,000 |
$50,833 | $83,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $846,000 |
$144,000 | $261,000 |
$73,000 | $78,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
84 | $21,012,000 |
$228,750 | $1,000,000 |
$68,500 | $305,000 |
| Unverifiable Information |
6 | $1,073,000 |
$189,200 | $508,000 |
$84,200 | $180,000 |
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Mortgage Loan App Totals for 1ST 2ND MORTGAGE CO. OF N.J., by:
Metropolitan Area And
County
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