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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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COMMERCE BANK, DELAWARE
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCE BANK, DELAWARE |
| Address | 1701 ROUTE 70 EAST
CHERRY HILL, NJ 08034 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 465 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,908,000 |
| Average Mortgage Loan Amount Applied For | $47,000 |
| Highest Mortgage Loan Amount Applied For | $788,000 |
| Average Applicant Income | $71,095 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
345 | $7,761,000 |
$30,600 | $200,000 |
$75,600 | $260,000 |
| Home Purchase |
51 | $5,316,000 |
$59,500 | $788,000 |
$55,333 | $290,000 |
| Refinancing |
69 | $4,831,000 |
$70,750 | $350,000 |
$78,000 | $480,000 |
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| American Indian or Alaskan Native |
3 | $9,000 |
$2,500 | $5,000 |
$34,000 | $42,000 |
| Asian |
2 | $65,000 |
$32,000 | $45,000 |
$143,000 | $226,000 |
| Black or African American |
88 | $2,280,000 |
$23,250 | $180,000 |
$60,000 | $152,000 |
| Hispanic |
11 | $345,000 |
$31,000 | $160,000 |
$69,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $55,000 |
$27,000 | $50,000 |
$39,000 | $52,000 |
| Not applicable |
15 | $3,124,000 |
$274,000 | $788,000 |
$47,000 | $290,000 |
| Not Provided |
62 | $1,682,000 |
$26,857 | $160,000 |
$63,285 | $148,000 |
| White |
282 | $10,348,000 |
$47,600 | $400,000 |
$84,800 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
465 | $17,908,000 |
$40,555 | $788,000 |
$60,333 | $480,000 |
| 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 |
48 | $3,047,000 |
$55,250 | $750,000 |
$126,750 | $288,000 |
| Application Denied By Financial Institution |
270 | $7,581,000 |
$34,888 | $365,000 |
$54,555 | $216,000 |
| Application Withdrawn By Applicant |
4 | $661,000 |
$172,000 | $350,000 |
$86,666 | $165,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
143 | $6,619,000 |
$40,250 | $788,000 |
$85,500 | $480,000 |
| 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 |
10 | $556,000 |
$37,500 | $225,000 |
$38,500 | $73,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
190 | $3,956,000 |
$21,000 | $160,000 |
$82,400 | $216,000 |
| Debt-To-Income Ratio |
55 | $2,080,000 |
$40,333 | $365,000 |
$48,666 | $100,000 |
| Employment History |
4 | $172,000 |
$43,000 | $85,000 |
$37,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $235,000 |
$235,000 | $235,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $437,000 |
$59,000 | $180,000 |
$69,500 | $140,000 |
| Unverifiable Information |
2 | $145,000 |
$72,000 | $100,000 |
$137,000 | $152,000 |
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Mortgage Loan App Totals for COMMERCE BANK, DELAWARE by:
Metropolitan Area And
County
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