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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 JERSEY MORTGAGE SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST JERSEY MORTGAGE SERVICES |
| Address | 4003 BERGENLINE AVENUE
UNION CITY, NJ 07087 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 454 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $119,138,000 |
| Average Mortgage Loan Amount Applied For | $226,571 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $106,257 |
| Highest Applicant Income | $481,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
214 | $51,097,000 |
$238,000 | $860,000 |
$104,000 | $481,000 |
| Refinancing |
240 | $68,041,000 |
$283,000 | $1,000,000 |
$91,000 | $480,000 |
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| American Indian or Alaskan Native |
1 | $164,000 |
$164,000 | $164,000 |
$63,000 | $63,000 |
| Asian |
5 | $1,944,000 |
$388,000 | $580,000 |
$124,000 | $180,000 |
| Black or African American |
36 | $7,663,000 |
$212,000 | $600,000 |
$78,000 | $300,000 |
| Hispanic |
292 | $79,713,000 |
$272,000 | $1,000,000 |
$93,000 | $361,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $611,000 |
$305,000 | $323,000 |
$74,000 | $75,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
14 | $3,091,000 |
$220,000 | $438,000 |
$122,000 | $276,000 |
| White |
104 | $25,952,000 |
$249,000 | $860,000 |
$113,000 | $481,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
433 | $113,280,000 |
$261,000 | $1,000,000 |
$98,000 | $481,000 |
| FHA-insured (Federal Housing Administration) |
21 | $5,858,000 |
$278,000 | $457,000 |
$75,000 | $115,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
85 | $22,356,000 |
$263,000 | $1,000,000 |
$97,000 | $360,000 |
| Application Withdrawn By Applicant |
51 | $12,413,000 |
$243,000 | $597,000 |
$101,000 | $300,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
318 | $84,369,000 |
$265,000 | $860,000 |
$97,000 | $481,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $360,000 |
$360,000 | $360,000 |
$102,000 | $102,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $154,000 |
$154,000 | $154,000 |
$49,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $297,000 |
$148,000 | $238,000 |
$96,000 | $96,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST JERSEY MORTGAGE SERVICES by:
Metropolitan Area And
County
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