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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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BNY MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
BNY MORTGAGE COMPANY |
| Address | 335 RIFLE CAMP RD
WEST PATERSON, NJ 07424 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8,694 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,106,602,000 |
| Average Mortgage Loan Amount Applied For | $182,053 |
| Highest Mortgage Loan Amount Applied For | $4,550,000 |
| Average Applicant Income | $69,678 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
626 | $70,362,000 |
$112,000 | $2,800,000 |
$37,000 | $1,950,000 |
| Home Purchase |
5,864 | $1,434,070,000 |
$244,000 | $4,550,000 |
$92,000 | $9,999,000 |
| Refinancing |
2,220 | $606,024,000 |
$272,000 | $2,500,000 |
$79,000 | $2,550,000 |
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| American Indian or Alaskan Native |
17 | $4,083,000 |
$240,000 | $507,000 |
$74,000 | $143,000 |
| Asian |
600 | $189,030,000 |
$315,000 | $2,438,000 |
$98,000 | $1,132,000 |
| Black or African American |
713 | $131,473,000 |
$184,000 | $750,000 |
$61,000 | $294,000 |
| Hispanic |
779 | $181,008,000 |
$232,000 | $732,000 |
$73,000 | $2,101,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $3,543,000 |
$196,000 | $434,000 |
$70,000 | $126,000 |
| Not applicable |
17 | $6,159,000 |
$362,000 | $563,000 |
$0 | $0 |
| Not Provided |
3,197 | $794,713,000 |
$248,000 | $4,400,000 |
$90,000 | $9,999,000 |
| White |
3,369 | $800,447,000 |
$237,000 | $4,550,000 |
$86,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,319 | $2,107,067,000 |
$253,000 | $4,550,000 |
$89,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
391 | $3,389,000 |
$8,000 | $309,000 |
$0 | $95,000 |
| 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 |
1,272 | $346,590,000 |
$272,000 | $1,855,000 |
$92,000 | $2,101,000 |
| Application Denied By Financial Institution |
773 | $218,128,000 |
$282,000 | $1,274,000 |
$93,000 | $3,000,000 |
| Application Withdrawn By Applicant |
967 | $254,883,000 |
$263,000 | $4,550,000 |
$90,000 | $2,550,000 |
| File Closed For Incompleteness |
333 | $85,112,000 |
$255,000 | $1,700,000 |
$101,000 | $5,000,000 |
| Loan Originated |
5,349 | $1,201,889,000 |
$224,000 | $4,400,000 |
$81,000 | $9,999,000 |
| 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 |
16 | $3,854,000 |
$240,000 | $540,000 |
$56,000 | $121,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 BNY MORTGAGE COMPANY by:
Metropolitan Area And
County
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