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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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INTERSTATE NET BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
INTERSTATE NET BANK |
| Address | 457 HADDONFIELD ROAD
CHERRY HILL, NJ 08002 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 299 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,295,000 |
| Average Mortgage Loan Amount Applied For | $57,903 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $51,346 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
5 | $230,000 |
$46,000 | $140,000 |
$74,000 | $129,000 |
| Home Purchase |
251 | $15,153,000 |
$60,000 | $512,000 |
$57,000 | $200,000 |
| Refinancing |
43 | $3,912,000 |
$90,000 | $1,600,000 |
$54,000 | $480,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $34,000 |
$34,000 | $34,000 |
$32,000 | $32,000 |
| Black or African American |
1 | $19,000 |
$19,000 | $19,000 |
$44,000 | $44,000 |
| Hispanic |
3 | $124,000 |
$41,000 | $56,000 |
$54,000 | $95,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $351,000 |
$351,000 | $351,000 |
$0 | $0 |
| Not Provided |
9 | $470,000 |
$52,000 | $105,000 |
$62,000 | $120,000 |
| White |
284 | $18,297,000 |
$64,000 | $1,600,000 |
$57,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
298 | $19,240,000 |
$64,000 | $1,600,000 |
$57,000 | $480,000 |
| FHA-insured (Federal Housing Administration) |
1 | $55,000 |
$55,000 | $55,000 |
$43,000 | $43,000 |
| 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 |
137 | $7,101,000 |
$51,000 | $225,000 |
$56,000 | $175,000 |
| Application Denied By Financial Institution |
91 | $5,222,000 |
$57,000 | $171,000 |
$51,000 | $170,000 |
| Application Withdrawn By Applicant |
3 | $256,000 |
$85,000 | $105,000 |
$43,000 | $57,000 |
| File Closed For Incompleteness |
2 | $96,000 |
$48,000 | $66,000 |
$91,000 | $163,000 |
| Loan Originated |
66 | $6,620,000 |
$100,000 | $1,600,000 |
$68,000 | $480,000 |
| 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 |
2 | $68,000 |
$34,000 | $47,000 |
$41,000 | $49,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
42 | $2,258,000 |
$53,000 | $171,000 |
$54,000 | $170,000 |
| Debt-To-Income Ratio |
38 | $2,363,000 |
$62,000 | $112,000 |
$48,000 | $140,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $182,000 |
$60,000 | $80,000 |
$73,000 | $161,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $351,000 |
$58,000 | $90,000 |
$42,000 | $85,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for INTERSTATE NET BANK by:
Metropolitan Area And
County
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