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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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MADISON BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MADISON BANK |
| Address | 1767 SENTRY PARKWAY WEST
BLUE BELL, PA 19422 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,802 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $307,687,000 |
| Average Mortgage Loan Amount Applied For | $166,333 |
| Highest Mortgage Loan Amount Applied For | $1,129,000 |
| Average Applicant Income | $79,333 |
| Highest Applicant Income | $1,554,000 |
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| Home Improvement (one-to-four family) |
219 | $33,902,000 |
$147,666 | $1,000,000 |
$72,666 | $420,000 |
| Home Purchase (one-to-four family) |
1,066 | $179,529,000 |
$167,000 | $3,990,000 |
$99,333 | $2,200,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
866 | $157,178,000 |
$180,333 | $1,129,000 |
$97,000 | $1,554,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
73 | $11,754,000 |
$151,500 | $471,000 |
$71,000 | $318,000 |
| Black |
73 | $10,597,000 |
$124,666 | $472,000 |
$72,333 | $480,000 |
| Hispanic |
23 | $3,530,000 |
$126,333 | $323,000 |
$55,333 | $156,000 |
| Information not provided by applicant in mail or telephone application |
43 | $7,825,000 |
$214,500 | $720,000 |
$97,000 | $366,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $2,375,000 |
$211,000 | $520,000 |
$80,500 | $219,000 |
| White |
1,928 | $334,528,000 |
$173,333 | $3,990,000 |
$101,666 | $2,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,053 | $358,583,000 |
$172,333 | $3,990,000 |
$99,666 | $2,200,000 |
| FHA-insured (Federal Housing Administration) |
83 | $9,939,000 |
$131,666 | $256,000 |
$54,333 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
15 | $2,087,000 |
$139,500 | $239,000 |
$60,500 | $130,000 |
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| Application Approved But Not Accepted |
74 | $20,079,000 |
$348,666 | $3,990,000 |
$176,666 | $2,200,000 |
| Application Denied By Financial Institution |
31 | $3,931,000 |
$137,000 | $323,000 |
$63,500 | $257,000 |
| Application Withdrawn By Applicant |
194 | $31,434,000 |
$155,333 | $1,050,000 |
$93,666 | $2,200,000 |
| File Closed For Incompleteness |
2 | $264,000 |
$132,000 | $204,000 |
$51,000 | $67,000 |
| Loan Originated |
1,850 | $314,901,000 |
$166,333 | $1,129,000 |
$86,333 | $1,308,000 |
| Loan Purchased By The 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 MADISON BANK by:
Metropolitan Area And
County
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