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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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FARMERS & MECHANICS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MECHANICS BANK |
| Address | 3 SUNSET ROAD
BURLINGTON, NJ 08016-0397 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 359 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,020,000 |
| Average Mortgage Loan Amount Applied For | $224,300 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $92,900 |
| Highest Applicant Income | $548,000 |
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| Home Improvement |
103 | $7,598,000 |
$73,000 | $585,000 |
$72,000 | $273,000 |
| Home Purchase |
84 | $14,956,000 |
$178,000 | $800,000 |
$81,000 | $548,000 |
| Refinancing |
172 | $21,466,000 |
$124,000 | $580,000 |
$73,000 | $414,000 |
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| American Indian or Alaskan Native |
1 | $48,000 |
$48,000 | $48,000 |
$46,000 | $46,000 |
| Asian |
6 | $853,000 |
$142,000 | $325,000 |
$91,000 | $221,000 |
| Black or African American |
16 | $2,398,000 |
$149,000 | $515,000 |
$80,000 | $273,000 |
| Hispanic |
7 | $509,000 |
$72,000 | $240,000 |
$70,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
30 | $4,808,000 |
$160,000 | $740,000 |
$18,000 | $227,000 |
| Not Provided |
83 | $6,073,000 |
$73,000 | $560,000 |
$65,000 | $487,000 |
| White |
216 | $29,331,000 |
$135,000 | $800,000 |
$86,000 | $548,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
359 | $44,020,000 |
$122,000 | $800,000 |
$75,000 | $548,000 |
| 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 |
6 | $493,000 |
$82,000 | $200,000 |
$44,000 | $58,000 |
| Application Denied By Financial Institution |
28 | $4,596,000 |
$164,000 | $580,000 |
$52,000 | $221,000 |
| Application Withdrawn By Applicant |
21 | $2,679,000 |
$127,000 | $450,000 |
$87,000 | $548,000 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Loan Originated |
303 | $36,202,000 |
$119,000 | $800,000 |
$77,000 | $487,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
2 | $718,000 |
$359,000 | $368,000 |
$80,000 | $87,000 |
| Credit Application Incomplete |
1 | $100,000 |
$100,000 | $100,000 |
$221,000 | $221,000 |
| Credit History |
12 | $2,269,000 |
$189,000 | $580,000 |
$54,000 | $106,000 |
| Debt-To-Income Ratio |
10 | $892,000 |
$89,000 | $224,000 |
$31,000 | $84,000 |
| Employment History |
1 | $186,000 |
$186,000 | $186,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $431,000 |
$215,000 | $341,000 |
$57,000 | $114,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS & MECHANICS BANK by:
Metropolitan Area And
County
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