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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/HARRISBURG NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCE BANK/HARRISBURG NA |
| Address | 3801 PAXTON STREET
HARRISBURG, PA 17111 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,768 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $242,110,000 |
| Average Mortgage Loan Amount Applied For | $191,235 |
| Highest Mortgage Loan Amount Applied For | $2,620,000 |
| Average Applicant Income | $218,529 |
| Highest Applicant Income | $5,824,000 |
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| Home Improvement |
910 | $29,051,000 |
$31,000 | $406,000 |
$63,000 | $360,000 |
| Home Purchase |
846 | $108,029,000 |
$127,000 | $2,620,000 |
$110,000 | $5,824,000 |
| Refinancing |
1,043 | $109,082,000 |
$104,000 | $1,500,000 |
$89,000 | $1,117,000 |
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| American Indian or Alaskan Native |
11 | $855,000 |
$77,000 | $317,000 |
$77,000 | $140,000 |
| Asian |
92 | $7,299,000 |
$79,000 | $280,000 |
$77,000 | $402,000 |
| Black or African American |
60 | $6,479,000 |
$107,000 | $509,000 |
$72,000 | $281,000 |
| Hispanic |
119 | $4,755,000 |
$39,000 | $284,000 |
$44,000 | $207,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $601,000 |
$60,000 | $212,000 |
$57,000 | $76,000 |
| Not applicable |
53 | $8,541,000 |
$161,000 | $558,000 |
$262,000 | $2,347,000 |
| Not Provided |
186 | $12,232,000 |
$65,000 | $2,620,000 |
$122,000 | $5,824,000 |
| White |
2,268 | $205,400,000 |
$90,000 | $1,500,000 |
$83,000 | $5,824,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,785 | $244,938,000 |
$87,000 | $2,620,000 |
$86,000 | $5,824,000 |
| FHA-insured (Federal Housing Administration) |
6 | $706,000 |
$117,000 | $243,000 |
$48,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $518,000 |
$64,000 | $185,000 |
$183,000 | $1,117,000 |
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| Application Approved But Not Accepted |
85 | $7,242,000 |
$85,000 | $565,000 |
$82,000 | $779,000 |
| Application Denied By Financial Institution |
683 | $29,150,000 |
$42,000 | $474,000 |
$52,000 | $480,000 |
| Application Withdrawn By Applicant |
257 | $22,184,000 |
$86,000 | $848,000 |
$75,000 | $427,000 |
| File Closed For Incompleteness |
1 | $125,000 |
$125,000 | $125,000 |
$40,000 | $40,000 |
| Loan Originated |
1,770 | $187,017,000 |
$105,000 | $2,620,000 |
$102,000 | $5,824,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $444,000 |
$148,000 | $165,000 |
$45,000 | $58,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
76 | $4,787,000 |
$62,000 | $345,000 |
$69,000 | $192,000 |
| Credit Application Incomplete |
1 | $125,000 |
$125,000 | $125,000 |
$62,000 | $62,000 |
| Credit History |
396 | $14,232,000 |
$35,000 | $400,000 |
$48,000 | $480,000 |
| Debt-To-Income Ratio |
179 | $8,711,000 |
$48,000 | $263,000 |
$53,000 | $278,000 |
| Employment History |
21 | $338,000 |
$16,000 | $49,000 |
$40,000 | $140,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $689,000 |
$229,000 | $474,000 |
$54,000 | $71,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $69,000 |
$13,000 | $45,000 |
$45,000 | $120,000 |
| Unverifiable Information |
2 | $199,000 |
$99,000 | $125,000 |
$63,000 | $84,000 |
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Mortgage Loan App Totals for COMMERCE BANK/HARRISBURG NA by:
Metropolitan Area And
County
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