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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 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 | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,225 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $994,241,000 |
| Average Mortgage Loan Amount Applied For | $205,300 |
| Highest Mortgage Loan Amount Applied For | $4,225,000 |
| Average Applicant Income | $46,866 |
| Highest Applicant Income | $4,813,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,300 | $502,174,000 |
$218,000 | $2,940,000 |
$56,000 | $4,813,000 |
| Refinancing |
1,925 | $492,067,000 |
$255,000 | $4,225,000 |
$54,000 | $1,500,000 |
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| American Indian or Alaskan Native |
11 | $1,787,000 |
$162,000 | $329,000 |
$50,000 | $275,000 |
| Asian |
95 | $23,577,000 |
$248,000 | $928,000 |
$73,000 | $586,000 |
| Black or African American |
560 | $114,011,000 |
$203,000 | $1,120,000 |
$30,000 | $218,000 |
| Hispanic |
524 | $120,392,000 |
$229,000 | $691,000 |
$37,000 | $648,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,829,000 |
$203,000 | $360,000 |
$30,000 | $79,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
414 | $100,137,000 |
$241,000 | $2,940,000 |
$28,000 | $1,333,000 |
| White |
2,612 | $632,508,000 |
$242,000 | $4,225,000 |
$68,000 | $4,813,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,938 | $922,564,000 |
$234,000 | $4,225,000 |
$58,000 | $4,813,000 |
| FHA-insured (Federal Housing Administration) |
281 | $70,244,000 |
$249,000 | $541,000 |
$21,000 | $123,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $1,433,000 |
$238,000 | $413,000 |
$46,000 | $90,000 |
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| Application Approved But Not Accepted |
769 | $191,095,000 |
$248,000 | $4,225,000 |
$24,000 | $535,000 |
| Application Denied By Financial Institution |
133 | $28,915,000 |
$217,000 | $1,057,000 |
$81,000 | $1,333,000 |
| Application Withdrawn By Applicant |
198 | $43,053,000 |
$217,000 | $1,120,000 |
$20,000 | $440,000 |
| File Closed For Incompleteness |
207 | $54,227,000 |
$261,000 | $1,026,000 |
$5,000 | $294,000 |
| Loan Originated |
2,918 | $676,951,000 |
$231,000 | $2,940,000 |
$68,000 | $4,813,000 |
| 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 |
12 | $3,492,000 |
$291,000 | $920,000 |
$93,000 | $204,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $2,358,000 |
$235,000 | $480,000 |
$193,000 | $1,333,000 |
| Debt-To-Income Ratio |
9 | $2,860,000 |
$317,000 | $1,057,000 |
$59,000 | $83,000 |
| Employment History |
8 | $1,293,000 |
$161,000 | $281,000 |
$222,000 | $648,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,443,000 |
$288,000 | $342,000 |
$80,000 | $107,000 |
| Unverifiable Information |
1 | $210,000 |
$210,000 | $210,000 |
$75,000 | $75,000 |
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Mortgage Loan App Totals for FIRST INTERSTATE FINANCIAL COR by:
Metropolitan Area And
County
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