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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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JPMORGAN CHASE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
JPMORGAN CHASE BANK |
| Address | 343 THORNALL STREET
EDISON, NJ 08837 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 64,674 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,076,035,000 |
| Average Mortgage Loan Amount Applied For | $2,102,125 |
| Highest Mortgage Loan Amount Applied For | $34,000,000 |
| Average Applicant Income | $346,521 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement (one-to-four family) |
55 | $3,235,000 |
$74,000 | $300,000 |
$291,000 | $490,000 |
| Home Purchase (one-to-four family) |
20,637 | $6,099,495,000 |
$947,181 | $10,000,000 |
$877,818 | $9,999,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
167 | $867,283,000 |
$5,424,416 | $34,000,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
43,816 | $10,106,080,000 |
$903,434 | $10,000,000 |
$1,249,130 | $9,999,000 |
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| American Indian or Alaskan Native |
181 | $31,626,000 |
$166,000 | $1,000,000 |
$88,000 | $461,000 |
| Asian or Pacific Islander |
3,066 | $772,619,000 |
$243,166 | $3,000,000 |
$131,333 | $7,784,000 |
| Black |
4,859 | $907,075,000 |
$142,200 | $2,150,000 |
$68,000 | $1,452,000 |
| Hispanic |
3,587 | $733,738,000 |
$177,500 | $2,250,000 |
$81,750 | $4,400,000 |
| Information not provided by applicant in mail or telephone application |
14,619 | $4,288,362,000 |
$1,307,450 | $10,000,000 |
$2,015,850 | $9,999,000 |
| Not applicable |
175 | $870,257,000 |
$5,239,540 | $34,000,000 |
$1,972 | $532,000 |
| Other |
1,379 | $302,344,000 |
$260,500 | $2,000,000 |
$134,000 | $3,000,000 |
| White |
36,809 | $9,170,072,000 |
$683,269 | $5,233,000 |
$487,923 | $9,558,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
62,664 | $16,823,593,000 |
$3,366,681 | $34,000,000 |
$472,068 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
1,749 | $226,041,000 |
$194,333 | $463,000 |
$59,000 | $2,898,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $439,000 |
$62,000 | $125,000 |
$29,000 | $37,000 |
| VA-guaranteed (Veterans Administration) |
255 | $26,020,000 |
$102,000 | $308,000 |
$41,000 | $170,000 |
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| Application Approved But Not Accepted |
5,100 | $1,182,235,000 |
$932,083 | $10,000,000 |
$640,666 | $9,999,000 |
| Application Denied By Financial Institution |
16,290 | $3,886,064,000 |
$3,822,181 | $17,500,000 |
$37,045 | $7,989,000 |
| Application Withdrawn By Applicant |
1,151 | $304,525,000 |
$666,066 | $4,500,000 |
$833,000 | $4,039,000 |
| File Closed For Incompleteness |
1,152 | $319,608,000 |
$305,500 | $3,000,000 |
$202,500 | $2,748,000 |
| Loan Originated |
40,809 | $11,331,392,000 |
$3,843,857 | $34,000,000 |
$589,047 | $9,999,000 |
| Loan Purchased By The Institution |
173 | $52,269,000 |
$629,750 | $1,100,000 |
$33,000 | $1,190,000 |
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| Collateral |
1,266 | $265,260,000 |
$183,000 | $1,988,000 |
$110,750 | $4,080,000 |
| Credit Application Incomplete |
11,225 | $2,672,509,000 |
$375,571 | $2,000,000 |
$149,142 | $7,989,000 |
| Credit History |
1,288 | $245,316,000 |
$165,500 | $1,500,000 |
$95,250 | $1,455,000 |
| Debt-To-Income Ratio |
1,408 | $319,651,000 |
$206,750 | $1,132,000 |
$69,500 | $923,000 |
| Employment History |
62 | $9,993,000 |
$100,000 | $950,000 |
$78,000 | $1,020,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
156 | $44,698,000 |
$365,000 | $2,100,000 |
$178,666 | $1,131,000 |
| Mortgage Insurance Denied |
1 | $309,000 |
$309,000 | $309,000 |
$46,000 | $46,000 |
| Other |
647 | $268,846,000 |
$4,347,400 | $17,500,000 |
$21,150 | $3,250,000 |
| Unverifiable Information |
237 | $59,482,000 |
$184,000 | $1,500,000 |
$79,250 | $836,000 |
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Mortgage Loan App Totals for JPMORGAN CHASE BANK by:
Metropolitan Area And
County
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