|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
COMMERCE BANK, NA
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
COMMERCE BANK, NA |
| Address | 2059 SPRINGDALE ROAD
CHERRY HILL, NJ 08003 |
| 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 | 32,616 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,449,630,000 |
| Average Mortgage Loan Amount Applied For | $139,371 |
| Highest Mortgage Loan Amount Applied For | $15,600,000 |
| Average Applicant Income | $127,227 |
| Highest Applicant Income | $9,999,000 |
|
|
|
| Home Improvement |
17,412 | $831,890,000 |
$47,000 | $2,250,000 |
$87,000 | $5,000,000 |
| Home Purchase |
6,264 | $1,342,430,000 |
$214,000 | $15,600,000 |
$119,000 | $9,999,000 |
| Refinancing |
9,022 | $1,298,840,000 |
$143,000 | $6,800,000 |
$117,000 | $9,999,000 |
|
|
| American Indian or Alaskan Native |
141 | $11,678,000 |
$82,000 | $960,000 |
$90,000 | $375,000 |
| Asian |
1,278 | $166,642,000 |
$130,000 | $1,750,000 |
$102,000 | $1,441,000 |
| Black or African American |
2,297 | $139,948,000 |
$60,000 | $618,000 |
$66,000 | $5,000,000 |
| Hispanic |
2,141 | $171,394,000 |
$80,000 | $2,310,000 |
$73,000 | $1,248,000 |
| Native Hawaiin or Other Pacific Islander |
130 | $11,368,000 |
$87,000 | $580,000 |
$176,000 | $9,999,000 |
| Not applicable |
138 | $84,014,000 |
$608,000 | $15,600,000 |
$32,000 | $1,658,000 |
| Not Provided |
4,569 | $531,424,000 |
$116,000 | $8,000,000 |
$104,000 | $9,999,000 |
| White |
22,004 | $2,356,692,000 |
$107,000 | $6,800,000 |
$107,000 | $9,999,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32,576 | $3,450,355,000 |
$105,000 | $15,600,000 |
$101,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
121 | $22,420,000 |
$185,000 | $401,000 |
$68,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $385,000 |
$385,000 | $385,000 |
$83,000 | $83,000 |
|
|
| Application Approved But Not Accepted |
3,582 | $483,248,000 |
$134,000 | $6,800,000 |
$116,000 | $7,237,000 |
| Application Denied By Financial Institution |
11,585 | $801,696,000 |
$69,000 | $5,300,000 |
$75,000 | $5,000,000 |
| Application Withdrawn By Applicant |
472 | $144,124,000 |
$305,000 | $15,600,000 |
$139,000 | $3,428,000 |
| File Closed For Incompleteness |
46 | $17,453,000 |
$379,000 | $1,750,000 |
$163,000 | $666,000 |
| Loan Originated |
16,898 | $1,997,104,000 |
$118,000 | $6,800,000 |
$115,000 | $9,999,000 |
| Loan Purchased By The Institution |
40 | $9,296,000 |
$232,000 | $417,000 |
$84,000 | $182,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
75 | $20,239,000 |
$269,000 | $1,200,000 |
$87,000 | $459,000 |
|
|
| Collateral |
780 | $79,207,000 |
$101,000 | $1,200,000 |
$109,000 | $1,710,000 |
| Credit Application Incomplete |
90 | $7,689,000 |
$85,000 | $750,000 |
$57,000 | $400,000 |
| Credit History |
6,474 | $311,078,000 |
$48,000 | $1,700,000 |
$68,000 | $5,000,000 |
| Debt-To-Income Ratio |
2,990 | $270,873,000 |
$90,000 | $2,632,000 |
$67,000 | $1,407,000 |
| Employment History |
117 | $7,491,000 |
$64,000 | $632,000 |
$53,000 | $306,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
26 | $6,362,000 |
$244,000 | $800,000 |
$93,000 | $304,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
962 | $104,609,000 |
$108,000 | $5,300,000 |
$107,000 | $3,428,000 |
| Unverifiable Information |
221 | $34,626,000 |
$156,000 | $2,500,000 |
$140,000 | $1,800,000 |
|
Mortgage Loan App Totals for COMMERCE BANK, NA by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
