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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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INTERCHANGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
INTERCHANGE BANK |
| Address | PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 405 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $79,807,000 |
| Average Mortgage Loan Amount Applied For | $197,052 |
| Highest Mortgage Loan Amount Applied For | $8,000,000 |
| Average Applicant Income | $112,368 |
| Highest Applicant Income | $1,317,000 |
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| Home Improvement |
155 | $13,942,000 |
$89,000 | $1,000,000 |
$111,000 | $554,000 |
| Home Purchase |
115 | $44,903,000 |
$390,000 | $8,000,000 |
$138,000 | $1,317,000 |
| Refinancing |
141 | $23,722,000 |
$168,000 | $1,100,000 |
$107,000 | $964,000 |
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| American Indian or Alaskan Native |
2 | $371,000 |
$185,000 | $324,000 |
$89,000 | $90,000 |
| Asian |
22 | $4,201,000 |
$190,000 | $640,000 |
$96,000 | $293,000 |
| Black or African American |
6 | $1,906,000 |
$317,000 | $510,000 |
$37,000 | $106,000 |
| Hispanic |
30 | $5,427,000 |
$180,000 | $539,000 |
$105,000 | $556,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $95,000 |
$95,000 | $95,000 |
$101,000 | $101,000 |
| Not applicable |
9 | $14,915,000 |
$1,657,000 | $8,000,000 |
$0 | $0 |
| Not Provided |
21 | $2,032,000 |
$96,000 | $363,000 |
$105,000 | $360,000 |
| White |
320 | $53,620,000 |
$167,000 | $1,100,000 |
$126,000 | $1,317,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
411 | $82,567,000 |
$200,000 | $8,000,000 |
$117,000 | $1,317,000 |
| 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 |
50 | $8,738,000 |
$174,000 | $640,000 |
$111,000 | $293,000 |
| Application Denied By Financial Institution |
95 | $12,798,000 |
$134,000 | $725,000 |
$93,000 | $445,000 |
| Application Withdrawn By Applicant |
5 | $1,441,000 |
$288,000 | $735,000 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
255 | $56,830,000 |
$222,000 | $8,000,000 |
$127,000 | $1,317,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $2,760,000 |
$460,000 | $1,000,000 |
$240,000 | $550,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 INTERCHANGE BANK by:
Metropolitan Area And
County
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