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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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BAYONNE COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAYONNE COMMUNITY BANK |
| Address | 104-110 AVENUE C
BAYONNE, NJ 07002 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 383 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $86,473,000 |
| Average Mortgage Loan Amount Applied For | $234,764 |
| Highest Mortgage Loan Amount Applied For | $3,800,000 |
| Average Applicant Income | $126,529 |
| Highest Applicant Income | $1,124,000 |
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| Home Improvement |
108 | $8,435,000 |
$78,000 | $395,000 |
$112,000 | $1,000,000 |
| Home Purchase |
116 | $32,679,000 |
$281,000 | $1,750,000 |
$110,000 | $445,000 |
| Refinancing |
159 | $45,359,000 |
$285,000 | $3,800,000 |
$102,000 | $1,124,000 |
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| American Indian or Alaskan Native |
2 | $283,000 |
$141,000 | $263,000 |
$107,000 | $126,000 |
| Asian |
12 | $2,329,000 |
$194,000 | $417,000 |
$122,000 | $396,000 |
| Black or African American |
7 | $1,055,000 |
$150,000 | $335,000 |
$91,000 | $144,000 |
| Hispanic |
35 | $8,283,000 |
$236,000 | $1,750,000 |
$84,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $455,000 |
$227,000 | $395,000 |
$68,000 | $95,000 |
| Not applicable |
21 | $12,795,000 |
$609,000 | $2,200,000 |
$0 | $0 |
| Not Provided |
3 | $1,289,000 |
$429,000 | $825,000 |
$66,000 | $148,000 |
| White |
301 | $59,984,000 |
$199,000 | $3,800,000 |
$118,000 | $1,124,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
383 | $86,473,000 |
$225,000 | $3,800,000 |
$107,000 | $1,124,000 |
| 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 |
31 | $9,233,000 |
$297,000 | $1,600,000 |
$93,000 | $400,000 |
| Application Denied By Financial Institution |
15 | $2,578,000 |
$171,000 | $575,000 |
$95,000 | $230,000 |
| Application Withdrawn By Applicant |
6 | $1,175,000 |
$195,000 | $700,000 |
$45,000 | $79,000 |
| File Closed For Incompleteness |
5 | $1,295,000 |
$259,000 | $400,000 |
$116,000 | $240,000 |
| Loan Originated |
326 | $72,192,000 |
$221,000 | $3,800,000 |
$110,000 | $1,124,000 |
| 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 |
3 | $243,000 |
$81,000 | $120,000 |
$84,000 | $152,000 |
| Credit Application Incomplete |
1 | $500,000 |
$500,000 | $500,000 |
$0 | $0 |
| Credit History |
2 | $135,000 |
$67,000 | $70,000 |
$89,000 | $98,000 |
| Debt-To-Income Ratio |
4 | $450,000 |
$112,000 | $290,000 |
$79,000 | $130,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $575,000 |
$575,000 | $575,000 |
$186,000 | $186,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $675,000 |
$168,000 | $200,000 |
$122,000 | $230,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BAYONNE COMMUNITY BANK by:
Metropolitan Area And
County
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