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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, PA
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCE BANK, PA |
| 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 | 3,844 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $201,144,000 |
| Average Mortgage Loan Amount Applied For | $79,166 |
| Highest Mortgage Loan Amount Applied For | $4,500,000 |
| Average Applicant Income | $98,541 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
2,514 | $79,669,000 |
$59,625 | $800,000 |
$102,625 | $957,000 |
| Home Purchase |
525 | $51,398,000 |
$143,666 | $4,500,000 |
$242,333 | $1,500,000 |
| Refinancing |
805 | $70,077,000 |
$133,833 | $1,100,000 |
$106,333 | $1,010,000 |
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| American Indian or Alaskan Native |
10 | $324,000 |
$32,000 | $110,000 |
$70,000 | $133,000 |
| Asian |
113 | $6,844,000 |
$37,200 | $240,000 |
$82,800 | $240,000 |
| Black or African American |
447 | $13,353,000 |
$128,400 | $575,000 |
$109,800 | $313,000 |
| Hispanic |
106 | $3,646,000 |
$25,333 | $197,000 |
$73,333 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $802,000 |
$132,000 | $300,000 |
$77,000 | $140,000 |
| Not applicable |
92 | $20,420,000 |
$120,000 | $1,250,000 |
$33,333 | $645,000 |
| Not Provided |
410 | $16,179,000 |
$48,250 | $340,000 |
$65,500 | $440,000 |
| White |
2,658 | $139,576,000 |
$86,285 | $4,500,000 |
$119,142 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,827 | $200,093,000 |
$98,111 | $4,500,000 |
$124,666 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
17 | $1,051,000 |
$61,000 | $102,000 |
$15,000 | $56,000 |
| 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 |
462 | $26,334,000 |
$84,200 | $400,000 |
$105,200 | $1,010,000 |
| Application Denied By Financial Institution |
1,692 | $61,351,000 |
$62,833 | $1,100,000 |
$104,000 | $1,500,000 |
| Application Withdrawn By Applicant |
49 | $10,893,000 |
$502,333 | $4,500,000 |
$98,333 | $525,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,599 | $99,718,000 |
$103,000 | $1,250,000 |
$119,000 | $996,000 |
| Loan Purchased By The Institution |
42 | $2,848,000 |
$92,000 | $144,000 |
$41,500 | $150,000 |
| 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 |
71 | $5,021,000 |
$124,500 | $1,100,000 |
$99,000 | $342,000 |
| Credit Application Incomplete |
10 | $384,000 |
$38,000 | $150,000 |
$34,000 | $160,000 |
| Credit History |
1,114 | $31,371,000 |
$32,800 | $575,000 |
$40,800 | $483,000 |
| Debt-To-Income Ratio |
411 | $18,110,000 |
$96,000 | $500,000 |
$167,600 | $1,500,000 |
| Employment History |
4 | $97,000 |
$18,500 | $59,000 |
$44,000 | $101,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,925,000 |
$641,000 | $900,000 |
$107,000 | $300,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
68 | $3,684,000 |
$34,000 | $760,000 |
$81,000 | $310,000 |
| Unverifiable Information |
11 | $759,000 |
$87,500 | $150,000 |
$137,500 | $250,000 |
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Mortgage Loan App Totals for COMMERCE BANK, PA by:
Metropolitan Area And
County
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