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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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CITY NATIONAL BANK OF NJ
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITY NATIONAL BANK OF NJ |
| Address | 900 BROAD STREET
NEWARK, NJ 07102 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 48 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,885,000 |
| Average Mortgage Loan Amount Applied For | $194,615 |
| Highest Mortgage Loan Amount Applied For | $499,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $768,000 |
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| Home Improvement |
14 | $346,000 |
$24,000 | $62,000 |
$60,000 | $180,000 |
| Home Purchase |
23 | $5,458,000 |
$237,000 | $465,000 |
$77,000 | $180,000 |
| Refinancing |
11 | $3,081,000 |
$280,000 | $499,000 |
$144,000 | $768,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
33 | $5,735,000 |
$173,000 | $493,000 |
$94,000 | $768,000 |
| Hispanic |
4 | $1,007,000 |
$251,000 | $465,000 |
$104,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $24,000 |
$6,000 | $10,000 |
$23,000 | $37,000 |
| White |
7 | $2,119,000 |
$302,000 | $499,000 |
$84,000 | $109,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
46 | $8,385,000 |
$182,000 | $499,000 |
$89,000 | $768,000 |
| FHA-insured (Federal Housing Administration) |
1 | $370,000 |
$370,000 | $370,000 |
$79,000 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $130,000 |
$130,000 | $130,000 |
$58,000 | $58,000 |
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| Application Approved But Not Accepted |
1 | $20,000 |
$20,000 | $20,000 |
$56,000 | $56,000 |
| Application Denied By Financial Institution |
16 | $1,024,000 |
$64,000 | $370,000 |
$63,000 | $180,000 |
| Application Withdrawn By Applicant |
5 | $810,000 |
$162,000 | $240,000 |
$65,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
20 | $4,792,000 |
$239,000 | $374,000 |
$110,000 | $768,000 |
| Loan Purchased By The Institution |
6 | $2,239,000 |
$373,000 | $499,000 |
$105,000 | $180,000 |
| 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 | $555,000 |
$185,000 | $370,000 |
$105,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $229,000 |
$22,000 | $50,000 |
$55,000 | $150,000 |
| Debt-To-Income Ratio |
2 | $72,000 |
$36,000 | $62,000 |
$28,000 | $37,000 |
| 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 |
1 | $168,000 |
$168,000 | $168,000 |
$82,000 | $82,000 |
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Mortgage Loan App Totals for CITY NATIONAL BANK OF NJ by:
Metropolitan Area And
County
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