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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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LAKELAND BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAKELAND BANK |
| Address | 250 OAK RIDGE ROAD
OAK RIDGE, NJ 07438 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,245 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $144,099,000 |
| Average Mortgage Loan Amount Applied For | $282,000 |
| Highest Mortgage Loan Amount Applied For | $3,100,000 |
| Average Applicant Income | $223,750 |
| Highest Applicant Income | $2,503,000 |
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| Home Improvement |
430 | $25,532,000 |
$59,000 | $500,000 |
$96,000 | $489,000 |
| Home Purchase |
187 | $50,572,000 |
$270,000 | $3,100,000 |
$136,000 | $2,305,000 |
| Refinancing |
645 | $72,254,000 |
$112,000 | $845,000 |
$107,000 | $2,503,000 |
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| American Indian or Alaskan Native |
2 | $282,000 |
$141,000 | $165,000 |
$118,000 | $148,000 |
| Asian |
14 | $2,131,000 |
$152,000 | $400,000 |
$135,000 | $360,000 |
| Black or African American |
8 | $1,090,000 |
$136,000 | $362,000 |
$78,000 | $149,000 |
| Hispanic |
34 | $3,395,000 |
$99,000 | $350,000 |
$84,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $250,000 |
$250,000 | $250,000 |
$79,000 | $79,000 |
| Not applicable |
9 | $3,984,000 |
$442,000 | $840,000 |
$496,000 | $1,900,000 |
| Not Provided |
55 | $12,712,000 |
$231,000 | $3,100,000 |
$133,000 | $671,000 |
| White |
1,139 | $124,514,000 |
$109,000 | $1,500,000 |
$104,000 | $2,503,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,262 | $148,358,000 |
$117,000 | $3,100,000 |
$108,000 | $2,503,000 |
| 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 |
82 | $15,850,000 |
$193,000 | $1,500,000 |
$125,000 | $671,000 |
| Application Denied By Financial Institution |
135 | $18,148,000 |
$134,000 | $3,100,000 |
$78,000 | $671,000 |
| Application Withdrawn By Applicant |
6 | $699,000 |
$116,000 | $240,000 |
$78,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,038 | $113,329,000 |
$109,000 | $1,500,000 |
$110,000 | $2,503,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $332,000 |
$332,000 | $332,000 |
$82,000 | $82,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
14 | $2,582,000 |
$184,000 | $1,520,000 |
$123,000 | $671,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $1,486,000 |
$55,000 | $260,000 |
$60,000 | $130,000 |
| Debt-To-Income Ratio |
87 | $12,391,000 |
$142,000 | $3,100,000 |
$72,000 | $360,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $604,000 |
$302,000 | $309,000 |
$61,000 | $92,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $465,000 |
$116,000 | $300,000 |
$94,000 | $125,000 |
| Unverifiable Information |
1 | $620,000 |
$620,000 | $620,000 |
$480,000 | $480,000 |
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Mortgage Loan App Totals for LAKELAND BANK by:
Metropolitan Area And
County
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