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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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BOARDWALK BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BOARDWALK BANK |
| Address | 201 SHORE RD
LINWOOD, NJ 08221 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 77 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,945,000 |
| Average Mortgage Loan Amount Applied For | $275,400 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $88,200 |
| Highest Applicant Income | $561,000 |
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| Home Improvement |
26 | $2,596,000 |
$99,000 | $600,000 |
$68,000 | $283,000 |
| Home Purchase |
17 | $7,229,000 |
$425,000 | $2,000,000 |
$129,000 | $561,000 |
| Refinancing |
34 | $8,120,000 |
$238,000 | $1,463,000 |
$83,000 | $420,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$122,000 | $122,000 |
| Black or African American |
1 | $70,000 |
$70,000 | $70,000 |
$46,000 | $46,000 |
| Hispanic |
1 | $55,000 |
$55,000 | $55,000 |
$49,000 | $49,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
16 | $7,133,000 |
$445,000 | $900,000 |
$0 | $0 |
| Not Provided |
15 | $2,577,000 |
$171,000 | $1,463,000 |
$126,000 | $561,000 |
| White |
43 | $8,060,000 |
$187,000 | $2,000,000 |
$109,000 | $561,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
77 | $17,945,000 |
$233,000 | $2,000,000 |
$88,000 | $561,000 |
| 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 |
3 | $1,523,000 |
$507,000 | $1,463,000 |
$153,000 | $303,000 |
| Application Denied By Financial Institution |
8 | $385,000 |
$48,000 | $128,000 |
$42,000 | $61,000 |
| Application Withdrawn By Applicant |
1 | $930,000 |
$930,000 | $930,000 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $293,000 |
$293,000 | $293,000 |
$0 | $0 |
| Loan Originated |
64 | $14,814,000 |
$231,000 | $2,000,000 |
$94,000 | $561,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $48,000 |
$48,000 | $48,000 |
$40,000 | $40,000 |
| Debt-To-Income Ratio |
6 | $209,000 |
$34,000 | $70,000 |
$40,000 | $56,000 |
| 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 |
1 | $128,000 |
$128,000 | $128,000 |
$61,000 | $61,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BOARDWALK BANK by:
Metropolitan Area And
County
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