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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 MORRIS BANK AND TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST MORRIS BANK AND TRUST |
| Address | 250 MADISON AVE.
MORRISTOWN, NJ 07962 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 231 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,384,000 |
| Average Mortgage Loan Amount Applied For | $262,083 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $253,833 |
| Highest Applicant Income | $1,504,000 |
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| Home Improvement |
96 | $9,742,000 |
$101,000 | $1,000,000 |
$127,000 | $1,048,000 |
| Home Purchase |
32 | $12,471,000 |
$389,000 | $1,700,000 |
$182,000 | $1,504,000 |
| Refinancing |
103 | $15,171,000 |
$147,000 | $686,000 |
$143,000 | $1,003,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,976,000 |
$282,000 | $880,000 |
$305,000 | $1,504,000 |
| Black or African American |
8 | $363,000 |
$45,000 | $95,000 |
$106,000 | $214,000 |
| Hispanic |
17 | $839,000 |
$49,000 | $100,000 |
$70,000 | $123,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $2,150,000 |
$716,000 | $1,700,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
196 | $32,056,000 |
$163,000 | $1,000,000 |
$146,000 | $1,048,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
231 | $37,384,000 |
$161,000 | $1,700,000 |
$142,000 | $1,504,000 |
| 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 | $1,753,000 |
$219,000 | $440,000 |
$138,000 | $230,000 |
| Application Denied By Financial Institution |
27 | $2,322,000 |
$86,000 | $350,000 |
$92,000 | $545,000 |
| Application Withdrawn By Applicant |
2 | $55,000 |
$27,000 | $40,000 |
$50,000 | $59,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
194 | $33,254,000 |
$171,000 | $1,700,000 |
$150,000 | $1,504,000 |
| 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 |
9 | $905,000 |
$100,000 | $350,000 |
$129,000 | $545,000 |
| Debt-To-Income Ratio |
18 | $1,417,000 |
$78,000 | $250,000 |
$73,000 | $215,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST MORRIS BANK AND TRUST by:
Metropolitan Area And
County
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