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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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GRAND BANK N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
GRAND BANK N.A. |
| Address | ONE EDINBURG ROAD
HAMILTON, NJ 08619 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 142 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,494,000 |
| Average Mortgage Loan Amount Applied For | $239,454 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $190,181 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
4 | $373,000 |
$93,000 | $200,000 |
$398,000 | $1,119,000 |
| Home Purchase |
60 | $19,411,000 |
$323,000 | $2,000,000 |
$307,000 | $6,000,000 |
| Refinancing |
78 | $20,710,000 |
$265,000 | $1,675,000 |
$180,000 | $1,400,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $761,000 |
$152,000 | $282,000 |
$143,000 | $342,000 |
| Black or African American |
1 | $111,000 |
$111,000 | $111,000 |
$38,000 | $38,000 |
| Hispanic |
1 | $160,000 |
$160,000 | $160,000 |
$180,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $199,000 |
$199,000 | $199,000 |
$50,000 | $50,000 |
| Not applicable |
10 | $3,069,000 |
$306,000 | $604,000 |
$0 | $0 |
| Not Provided |
59 | $19,259,000 |
$326,000 | $2,000,000 |
$281,000 | $3,600,000 |
| White |
65 | $16,935,000 |
$260,000 | $800,000 |
$254,000 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
142 | $40,494,000 |
$285,000 | $2,000,000 |
$240,000 | $6,000,000 |
| 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 |
14 | $4,396,000 |
$314,000 | $604,000 |
$123,000 | $342,000 |
| Application Denied By Financial Institution |
2 | $1,400,000 |
$700,000 | $900,000 |
$325,000 | $650,000 |
| Application Withdrawn By Applicant |
2 | $580,000 |
$290,000 | $360,000 |
$122,000 | $136,000 |
| File Closed For Incompleteness |
20 | $4,953,000 |
$247,000 | $616,000 |
$145,000 | $204,000 |
| Loan Originated |
104 | $29,165,000 |
$280,000 | $2,000,000 |
$275,000 | $6,000,000 |
| 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 |
1 | $900,000 |
$900,000 | $900,000 |
$650,000 | $650,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $500,000 |
$500,000 | $500,000 |
$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 GRAND BANK N.A. by:
Metropolitan Area And
County
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