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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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AMBOY NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMBOY NATIONAL BANK |
| Address | 3590 US HIGHWAY 9
OLD BRIDGE, NJ 08857 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 251 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $75,191,000 |
| Average Mortgage Loan Amount Applied For | $312,466 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $112,400 |
| Highest Applicant Income | $1,891,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
62 | $20,862,000 |
$336,000 | $2,500,000 |
$112,000 | $400,000 |
| Refinancing |
189 | $54,329,000 |
$287,000 | $1,950,000 |
$96,000 | $1,891,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $1,680,000 |
$560,000 | $1,200,000 |
$91,000 | $275,000 |
| Black or African American |
7 | $1,388,000 |
$198,000 | $323,000 |
$45,000 | $136,000 |
| Hispanic |
3 | $645,000 |
$215,000 | $280,000 |
$148,000 | $205,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $1,076,000 |
$358,000 | $484,000 |
$713,000 | $1,891,000 |
| Not applicable |
10 | $6,721,000 |
$672,000 | $2,500,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
225 | $63,681,000 |
$283,000 | $1,950,000 |
$97,000 | $1,123,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
251 | $75,191,000 |
$299,000 | $2,500,000 |
$100,000 | $1,891,000 |
| 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 |
32 | $8,121,000 |
$253,000 | $675,000 |
$99,000 | $259,000 |
| Application Denied By Financial Institution |
11 | $3,032,000 |
$275,000 | $600,000 |
$86,000 | $170,000 |
| Application Withdrawn By Applicant |
5 | $2,104,000 |
$420,000 | $1,200,000 |
$86,000 | $275,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
203 | $61,934,000 |
$305,000 | $2,500,000 |
$101,000 | $1,891,000 |
| 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 |
2 | $452,000 |
$226,000 | $250,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,190,000 |
$297,000 | $445,000 |
$131,000 | $162,000 |
| Debt-To-Income Ratio |
5 | $1,390,000 |
$278,000 | $600,000 |
$84,000 | $170,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMBOY NATIONAL BANK by:
Metropolitan Area And
County
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