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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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COLONIAL BANK, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
COLONIAL BANK, FSB |
| Address | 85 W. BROAD STREET
BRIDGETON, NJ 08302 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 515 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,978,000 |
| Average Mortgage Loan Amount Applied For | $160,000 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $95,285 |
| Highest Applicant Income | $513,000 |
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| Home Improvement |
171 | $7,970,000 |
$46,000 | $270,000 |
$83,000 | $513,000 |
| Home Purchase |
165 | $29,157,000 |
$176,000 | $680,000 |
$91,000 | $482,000 |
| Refinancing |
179 | $20,851,000 |
$116,000 | $450,000 |
$77,000 | $389,000 |
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| American Indian or Alaskan Native |
3 | $737,000 |
$245,000 | $400,000 |
$76,000 | $120,000 |
| Asian |
16 | $1,830,000 |
$114,000 | $313,000 |
$96,000 | $376,000 |
| Black or African American |
45 | $4,228,000 |
$93,000 | $365,000 |
$68,000 | $206,000 |
| Hispanic |
37 | $3,279,000 |
$88,000 | $240,000 |
$52,000 | $138,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $695,000 |
$173,000 | $350,000 |
$162,000 | $299,000 |
| Not applicable |
2 | $488,000 |
$244,000 | $308,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
408 | $46,721,000 |
$114,000 | $680,000 |
$88,000 | $513,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
515 | $57,978,000 |
$112,000 | $680,000 |
$84,000 | $513,000 |
| 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 |
27 | $5,329,000 |
$197,000 | $680,000 |
$101,000 | $290,000 |
| Application Denied By Financial Institution |
47 | $4,729,000 |
$100,000 | $365,000 |
$76,000 | $389,000 |
| Application Withdrawn By Applicant |
15 | $1,634,000 |
$108,000 | $325,000 |
$68,000 | $155,000 |
| File Closed For Incompleteness |
1 | $100,000 |
$100,000 | $100,000 |
$190,000 | $190,000 |
| Loan Originated |
425 | $46,186,000 |
$108,000 | $650,000 |
$84,000 | $513,000 |
| 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 |
6 | $885,000 |
$147,000 | $365,000 |
$58,000 | $106,000 |
| Credit Application Incomplete |
1 | $190,000 |
$190,000 | $190,000 |
$98,000 | $98,000 |
| Credit History |
17 | $1,632,000 |
$96,000 | $313,000 |
$71,000 | $376,000 |
| Debt-To-Income Ratio |
18 | $1,165,000 |
$64,000 | $205,000 |
$63,000 | $240,000 |
| Employment History |
2 | $407,000 |
$203,000 | $295,000 |
$282,000 | $389,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $150,000 |
$150,000 | $150,000 |
$65,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $300,000 |
$150,000 | $212,000 |
$70,000 | $72,000 |
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Mortgage Loan App Totals for COLONIAL BANK, FSB by:
Metropolitan Area And
County
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