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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, SHORE
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMERCE BANK, SHORE |
| Address | 1701 Route 70 East
Cherry Hill, NJ 08034 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,982 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $111,927,000 |
| Average Mortgage Loan Amount Applied For | $65,444 |
| Highest Mortgage Loan Amount Applied For | $11,500,000 |
| Average Applicant Income | $63,527 |
| Highest Applicant Income | $3,761,000 |
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| Home Improvement (one-to-four family) |
1,367 | $42,842,000 |
$63,250 | $580,000 |
$42,500 | $500,000 |
| Home Purchase (one-to-four family) |
277 | $23,398,000 |
$50,142 | $760,000 |
$40,857 | $1,710,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
14 | $8,776,000 |
$626,000 | $2,100,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
324 | $36,911,000 |
$74,500 | $11,500,000 |
$113,000 | $3,761,000 |
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| American Indian or Alaskan Native |
16 | $649,000 |
$40,000 | $120,000 |
$59,000 | $128,000 |
| Asian or Pacific Islander |
16 | $843,000 |
$52,000 | $150,000 |
$85,000 | $247,000 |
| Black |
48 | $1,282,000 |
$26,000 | $130,000 |
$48,000 | $112,000 |
| Hispanic |
69 | $2,721,000 |
$40,000 | $239,000 |
$49,000 | $147,000 |
| Information not provided by applicant in mail or telephone application |
164 | $5,887,000 |
$28,666 | $200,000 |
$45,000 | $275,000 |
| Not applicable |
70 | $33,911,000 |
$266,333 | $11,500,000 |
$108,333 | $3,761,000 |
| Other |
14 | $952,000 |
$68,000 | $450,000 |
$61,000 | $217,000 |
| White |
1,585 | $65,682,000 |
$45,428 | $580,000 |
$34,857 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,982 | $111,927,000 |
$47,125 | $11,500,000 |
$35,875 | $3,761,000 |
| 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 |
255 | $13,414,000 |
$38,400 | $580,000 |
$43,600 | $314,000 |
| Application Denied By Financial Institution |
780 | $26,916,000 |
$45,800 | $1,140,000 |
$38,000 | $326,000 |
| Application Withdrawn By Applicant |
27 | $2,786,000 |
$111,333 | $1,200,000 |
$24,333 | $500,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
860 | $61,316,000 |
$75,000 | $11,500,000 |
$106,000 | $3,761,000 |
| Loan Purchased By The Institution |
60 | $7,495,000 |
$124,000 | $301,000 |
$43,000 | $180,000 |
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| Collateral |
16 | $839,000 |
$74,500 | $120,000 |
$64,500 | $175,000 |
| Credit Application Incomplete |
7 | $385,000 |
$55,000 | $90,000 |
$44,000 | $78,000 |
| Credit History |
522 | $15,545,000 |
$20,666 | $1,140,000 |
$37,666 | $326,000 |
| Debt-To-Income Ratio |
215 | $8,568,000 |
$48,500 | $360,000 |
$38,000 | $180,000 |
| Employment History |
1 | $7,000 |
$7,000 | $7,000 |
$27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $523,000 |
$261,000 | $475,000 |
$18,000 | $37,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $1,019,000 |
$47,500 | $500,000 |
$47,500 | $205,000 |
| Unverifiable Information |
1 | $30,000 |
$30,000 | $30,000 |
$80,000 | $80,000 |
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Mortgage Loan App Totals for COMMERCE BANK, SHORE by:
Metropolitan Area And
County
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