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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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FIRST CONTINENTAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST CONTINENTAL MORTGAGE |
| Address | 155 PASSAIC AVENUE
FAIRFIELD, NJ 07004 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 6,254 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,465,254,000 |
| Average Mortgage Loan Amount Applied For | $180,855 |
| Highest Mortgage Loan Amount Applied For | $5,856,000 |
| Average Applicant Income | $73,020 |
| Highest Applicant Income | $4,950,000 |
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| Home Improvement |
19 | $4,357,000 |
$193,285 | $415,000 |
$59,000 | $185,000 |
| Home Purchase |
1,389 | $381,966,000 |
$206,066 | $5,856,000 |
$77,200 | $1,345,000 |
| Refinancing |
4,846 | $1,078,931,000 |
$184,062 | $2,500,000 |
$71,437 | $4,950,000 |
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| American Indian or Alaskan Native |
21 | $4,695,000 |
$209,666 | $436,000 |
$171,500 | $545,000 |
| Asian |
143 | $38,286,000 |
$222,800 | $650,000 |
$84,100 | $285,000 |
| Black or African American |
1,282 | $300,517,000 |
$183,692 | $848,000 |
$92,153 | $2,700,000 |
| Hispanic |
1,106 | $269,269,000 |
$191,928 | $5,856,000 |
$75,642 | $4,950,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $5,133,000 |
$197,142 | $650,000 |
$92,857 | $200,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,029 | $264,048,000 |
$215,133 | $2,500,000 |
$66,666 | $751,000 |
| White |
2,652 | $583,306,000 |
$191,533 | $960,000 |
$74,466 | $1,740,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,254 | $1,465,254,000 |
$186,375 | $5,856,000 |
$72,687 | $4,950,000 |
| 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 |
8 | $1,927,000 |
$209,800 | $506,000 |
$97,200 | $252,000 |
| Application Denied By Financial Institution |
1,334 | $321,561,000 |
$192,125 | $5,856,000 |
$71,812 | $4,950,000 |
| Application Withdrawn By Applicant |
2,699 | $641,845,000 |
$189,687 | $1,640,000 |
$74,312 | $2,016,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,213 | $499,921,000 |
$182,428 | $655,000 |
$80,571 | $726,000 |
| 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 |
481 | $116,195,000 |
$220,923 | $2,500,000 |
$80,384 | $801,000 |
| Credit Application Incomplete |
7 | $2,096,000 |
$243,600 | $497,000 |
$54,200 | $120,000 |
| Credit History |
343 | $84,942,000 |
$192,428 | $5,856,000 |
$68,357 | $2,700,000 |
| Debt-To-Income Ratio |
170 | $42,409,000 |
$205,000 | $611,000 |
$73,692 | $230,000 |
| Employment History |
195 | $46,357,000 |
$192,818 | $600,000 |
$74,090 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
23 | $4,372,000 |
$174,200 | $450,000 |
$45,600 | $112,000 |
| Mortgage Insurance Denied |
1 | $120,000 |
$120,000 | $120,000 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
97 | $20,775,000 |
$180,923 | $680,000 |
$78,230 | $334,000 |
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Mortgage Loan App Totals for FIRST CONTINENTAL MORTGAGE by:
Metropolitan Area And
County
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