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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 | 194 WOOD AVE SOUTH
ISELIN, NJ 08830 |
| 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 | 756,551 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $136,124,408,000 |
| Average Mortgage Loan Amount Applied For | $115,470 |
| Highest Mortgage Loan Amount Applied For | $44,010,000 |
| Average Applicant Income | $61,805 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
70,492 | $5,458,503,000 |
$77,000 | $9,900,000 |
$80,000 | $9,999,000 |
| Home Purchase |
313,812 | $65,149,550,000 |
$207,000 | $24,213,000 |
$100,000 | $9,999,000 |
| Refinancing |
372,247 | $65,516,355,000 |
$176,000 | $44,010,000 |
$78,000 | $9,999,000 |
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| American Indian or Alaskan Native |
2,687 | $361,927,000 |
$134,000 | $1,275,000 |
$80,000 | $9,786,000 |
| Asian |
30,783 | $8,137,740,000 |
$264,000 | $3,260,000 |
$125,000 | $6,478,000 |
| Black or African American |
52,078 | $7,336,765,000 |
$140,000 | $6,642,000 |
$71,000 | $9,999,000 |
| Hispanic |
80,263 | $12,819,355,000 |
$159,000 | $16,000,000 |
$77,000 | $9,999,000 |
| Native Hawaiin or Other Pacific Islander |
2,223 | $482,720,000 |
$217,000 | $5,000,000 |
$103,000 | $1,792,000 |
| Not applicable |
99,220 | $18,652,231,000 |
$187,000 | $44,010,000 |
$6,000 | $9,999,000 |
| Not Provided |
87,832 | $18,676,576,000 |
$212,000 | $10,000,000 |
$117,000 | $9,999,000 |
| White |
401,465 | $69,657,094,000 |
$173,000 | $22,000,000 |
$102,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
711,121 | $130,277,722,000 |
$183,000 | $44,010,000 |
$90,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
21,043 | $2,813,417,000 |
$133,000 | $955,000 |
$47,000 | $1,800,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
16,086 | $1,590,073,000 |
$98,000 | $840,000 |
$22,000 | $650,000 |
| VA-guaranteed (Veterans Administration) |
8,301 | $1,443,196,000 |
$173,000 | $613,000 |
$53,000 | $911,000 |
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| Application Approved But Not Accepted |
43,037 | $5,971,221,000 |
$138,000 | $10,000,000 |
$108,000 | $9,999,000 |
| Application Denied By Financial Institution |
146,724 | $22,615,151,000 |
$154,000 | $17,490,000 |
$84,000 | $9,999,000 |
| Application Withdrawn By Applicant |
12,874 | $2,917,567,000 |
$226,000 | $20,000,000 |
$114,000 | $9,999,000 |
| File Closed For Incompleteness |
10,644 | $2,524,751,000 |
$237,000 | $5,000,000 |
$105,000 | $4,200,000 |
| Loan Originated |
338,640 | $68,735,060,000 |
$202,000 | $44,010,000 |
$110,000 | $9,999,000 |
| Loan Purchased By The Institution |
204,632 | $33,360,658,000 |
$163,000 | $2,000,000 |
$45,000 | $5,023,000 |
| 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 |
23,128 | $2,526,394,000 |
$109,000 | $5,800,000 |
$79,000 | $6,600,000 |
| Credit Application Incomplete |
61,116 | $13,759,386,000 |
$225,000 | $6,250,000 |
$101,000 | $9,786,000 |
| Credit History |
36,309 | $2,725,263,000 |
$75,000 | $9,900,000 |
$67,000 | $9,999,000 |
| Debt-To-Income Ratio |
20,448 | $2,609,360,000 |
$127,000 | $8,139,000 |
$59,000 | $2,120,000 |
| Employment History |
345 | $65,756,000 |
$190,000 | $5,000,000 |
$92,000 | $1,920,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
433 | $100,086,000 |
$231,000 | $2,000,000 |
$104,000 | $2,802,000 |
| Mortgage Insurance Denied |
30 | $3,289,000 |
$109,000 | $261,000 |
$42,000 | $190,000 |
| Other |
3,886 | $609,434,000 |
$156,000 | $17,490,000 |
$106,000 | $3,000,000 |
| Unverifiable Information |
1,029 | $216,183,000 |
$210,000 | $2,550,000 |
$105,000 | $4,500,000 |
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Mortgage Loan App Totals for JPMORGAN CHASE BANK by:
Metropolitan Area And
County
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