| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FIRST INTERSTATE FINANCIAL COR
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST INTERSTATE FINANCIAL COR |
| Address | 39 AVENUE AT THE COMMONS
SHREWSBURY, NJ 07702 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 2,913 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $767,226,000 |
| Average Mortgage Loan Amount Applied For | $238,344 |
| Highest Mortgage Loan Amount Applied For | $1,913,000 |
| Average Applicant Income | $53,528 |
| Highest Applicant Income | $1,714,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,411 | $358,184,000 |
$253,000 | $1,913,000 |
$46,000 | $1,714,000 |
| Refinancing |
1,502 | $409,042,000 |
$272,000 | $1,625,000 |
$49,000 | $1,673,000 |
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| American Indian or Alaskan Native |
3 | $1,086,000 |
$362,000 | $463,000 |
$71,000 | $108,000 |
| Asian |
40 | $11,341,000 |
$283,000 | $960,000 |
$70,000 | $288,000 |
| Black or African American |
450 | $108,459,000 |
$241,000 | $1,080,000 |
$24,000 | $396,000 |
| Hispanic |
349 | $96,344,000 |
$276,000 | $1,000,000 |
$24,000 | $222,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,715,000 |
$343,000 | $570,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
393 | $106,436,000 |
$270,000 | $1,913,000 |
$12,000 | $240,000 |
| White |
1,673 | $441,845,000 |
$264,000 | $1,625,000 |
$67,000 | $1,714,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,590 | $681,304,000 |
$263,000 | $1,913,000 |
$50,000 | $1,714,000 |
| FHA-insured (Federal Housing Administration) |
322 | $85,508,000 |
$265,000 | $545,000 |
$27,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $414,000 |
$414,000 | $414,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
583 | $150,599,000 |
$258,000 | $1,500,000 |
$11,000 | $324,000 |
| Application Denied By Financial Institution |
348 | $95,105,000 |
$273,000 | $1,000,000 |
$42,000 | $955,000 |
| Application Withdrawn By Applicant |
179 | $47,714,000 |
$266,000 | $1,189,000 |
$5,000 | $282,000 |
| File Closed For Incompleteness |
108 | $28,446,000 |
$263,000 | $1,080,000 |
$3,000 | $97,000 |
| Loan Originated |
1,695 | $445,362,000 |
$262,000 | $1,913,000 |
$69,000 | $1,714,000 |
| 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 |
25 | $6,863,000 |
$274,000 | $720,000 |
$77,000 | $207,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $5,158,000 |
$271,000 | $608,000 |
$50,000 | $165,000 |
| Debt-To-Income Ratio |
18 | $4,620,000 |
$256,000 | $408,000 |
$65,000 | $108,000 |
| Employment History |
15 | $3,311,000 |
$220,000 | $495,000 |
$66,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $433,000 |
$216,000 | $250,000 |
$83,000 | $120,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $3,428,000 |
$244,000 | $515,000 |
$40,000 | $101,000 |
| Unverifiable Information |
8 | $1,871,000 |
$233,000 | $473,000 |
$66,000 | $116,000 |
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Mortgage Loan Application Totals for FIRST INTERSTATE FINANCIAL COR by:
Metropolitan Area And
County
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