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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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CAPE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAPE SAVINGS BANK |
| Address | 225 NORTH MAIN STREET
CAPE MAY COURT HOUSE, NJ 08210 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 417 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $76,958,000 |
| Average Mortgage Loan Amount Applied For | $208,250 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $52,500 |
| Highest Applicant Income | $2,476,000 |
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| Home Improvement |
135 | $6,124,000 |
$45,000 | $175,000 |
$19,000 | $187,000 |
| Home Purchase |
172 | $50,064,000 |
$291,000 | $1,500,000 |
$138,000 | $1,323,000 |
| Refinancing |
189 | $43,354,000 |
$229,000 | $1,680,000 |
$136,000 | $2,476,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
26 | $4,490,000 |
$172,000 | $325,000 |
$67,000 | $236,000 |
| Black or African American |
37 | $6,543,000 |
$176,000 | $960,000 |
$67,000 | $574,000 |
| Hispanic |
16 | $3,097,000 |
$193,000 | $408,000 |
$98,000 | $375,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $10,000 |
$10,000 | $10,000 |
$74,000 | $74,000 |
| Not applicable |
14 | $4,998,000 |
$357,000 | $1,331,000 |
$255,000 | $1,323,000 |
| Not Provided |
67 | $10,248,000 |
$152,000 | $1,500,000 |
$69,000 | $842,000 |
| White |
335 | $70,156,000 |
$209,000 | $1,680,000 |
$113,000 | $2,476,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
496 | $99,542,000 |
$200,000 | $1,680,000 |
$105,000 | $2,476,000 |
| 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 |
49 | $7,176,000 |
$146,000 | $500,000 |
$66,000 | $408,000 |
| Application Denied By Financial Institution |
51 | $9,493,000 |
$186,000 | $850,000 |
$72,000 | $468,000 |
| Application Withdrawn By Applicant |
18 | $4,839,000 |
$268,000 | $1,680,000 |
$110,000 | $1,200,000 |
| File Closed For Incompleteness |
10 | $3,836,000 |
$383,000 | $1,500,000 |
$101,000 | $446,000 |
| Loan Originated |
307 | $57,590,000 |
$187,000 | $1,680,000 |
$113,000 | $2,476,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
43 | $13,173,000 |
$306,000 | $1,500,000 |
$153,000 | $842,000 |
| Preapproval Denied by Financial Institution |
18 | $3,435,000 |
$190,000 | $374,000 |
$55,000 | $110,000 |
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| Collateral |
3 | $580,000 |
$193,000 | $350,000 |
$43,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $2,506,000 |
$192,000 | $800,000 |
$76,000 | $319,000 |
| Debt-To-Income Ratio |
48 | $7,934,000 |
$165,000 | $580,000 |
$55,000 | $188,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $140,000 |
$140,000 | $140,000 |
$44,000 | $44,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $1,768,000 |
$442,000 | $850,000 |
$203,000 | $468,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CAPE SAVINGS BANK by:
Metropolitan Area And
County
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