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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, NORTH
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCE BANK, NORTH |
| Address | 2059 SPRINGDALE ROAD
CHERRY HILL, NJ 08003 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,156 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $235,729,000 |
| Average Mortgage Loan Amount Applied For | $78,584 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $109,169 |
| Highest Applicant Income | $1,734,000 |
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| Home Improvement |
1,192 | $81,248,000 |
$68,000 | $800,000 |
$107,000 | $1,100,000 |
| Home Purchase |
255 | $56,272,000 |
$220,000 | $1,979,000 |
$139,000 | $1,734,000 |
| Refinancing |
709 | $98,209,000 |
$138,000 | $2,000,000 |
$121,000 | $1,200,000 |
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| American Indian or Alaskan Native |
14 | $2,576,000 |
$184,000 | $958,000 |
$112,000 | $375,000 |
| Asian |
99 | $11,628,000 |
$117,000 | $813,000 |
$110,000 | $562,000 |
| Black or African American |
96 | $5,639,000 |
$58,000 | $288,000 |
$77,000 | $271,000 |
| Hispanic |
272 | $28,861,000 |
$106,000 | $504,000 |
$83,000 | $466,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $476,000 |
$68,000 | $170,000 |
$90,000 | $148,000 |
| Not applicable |
14 | $9,220,000 |
$658,000 | $1,979,000 |
$281,000 | $1,734,000 |
| Not Provided |
231 | $20,457,000 |
$88,000 | $850,000 |
$117,000 | $821,000 |
| White |
1,423 | $156,872,000 |
$110,000 | $2,000,000 |
$123,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,156 | $235,729,000 |
$109,000 | $2,000,000 |
$115,000 | $1,734,000 |
| 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 |
257 | $27,868,000 |
$108,000 | $841,000 |
$136,000 | $1,200,000 |
| Application Denied By Financial Institution |
700 | $58,095,000 |
$82,000 | $960,000 |
$88,000 | $1,080,000 |
| Application Withdrawn By Applicant |
19 | $4,890,000 |
$257,000 | $1,000,000 |
$160,000 | $428,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,077 | $104,080,000 |
$96,000 | $2,000,000 |
$123,000 | $1,100,000 |
| Loan Purchased By The Institution |
103 | $40,796,000 |
$396,000 | $1,979,000 |
$157,000 | $1,734,000 |
| 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 |
43 | $5,370,000 |
$124,000 | $800,000 |
$153,000 | $1,080,000 |
| Credit Application Incomplete |
8 | $1,798,000 |
$224,000 | $700,000 |
$69,000 | $184,000 |
| Credit History |
380 | $22,115,000 |
$58,000 | $684,000 |
$83,000 | $483,000 |
| Debt-To-Income Ratio |
199 | $21,149,000 |
$106,000 | $850,000 |
$79,000 | $440,000 |
| Employment History |
6 | $290,000 |
$48,000 | $100,000 |
$98,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
53 | $5,195,000 |
$98,000 | $500,000 |
$100,000 | $260,000 |
| Unverifiable Information |
11 | $2,178,000 |
$198,000 | $960,000 |
$119,000 | $252,000 |
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Mortgage Loan App Totals for COMMERCE BANK, NORTH by:
Metropolitan Area And
County
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