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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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MAGYAR BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAGYAR BANK |
| Address | 400 SOMERSET STREET
NEW BRUNSWICK, NJ 08901 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 201 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,129,000 |
| Average Mortgage Loan Amount Applied For | $224,437 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $125,437 |
| Highest Applicant Income | $1,548,000 |
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| Home Improvement |
53 | $3,635,000 |
$68,000 | $372,000 |
$94,000 | $248,000 |
| Home Purchase |
60 | $14,174,000 |
$236,000 | $559,000 |
$128,000 | $1,548,000 |
| Refinancing |
88 | $17,320,000 |
$196,000 | $1,000,000 |
$116,000 | $445,000 |
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| American Indian or Alaskan Native |
1 | $50,000 |
$50,000 | $50,000 |
$34,000 | $34,000 |
| Asian |
26 | $4,634,000 |
$178,000 | $559,000 |
$125,000 | $445,000 |
| Black or African American |
5 | $627,000 |
$125,000 | $280,000 |
$60,000 | $132,000 |
| Hispanic |
20 | $3,498,000 |
$174,000 | $476,000 |
$65,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $241,000 |
$120,000 | $216,000 |
$149,000 | $241,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $66,000 |
$33,000 | $41,000 |
$82,000 | $96,000 |
| White |
145 | $26,013,000 |
$179,000 | $1,000,000 |
$121,000 | $1,548,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
201 | $35,129,000 |
$174,000 | $1,000,000 |
$114,000 | $1,548,000 |
| 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 |
9 | $1,491,000 |
$165,000 | $308,000 |
$93,000 | $144,000 |
| Application Denied By Financial Institution |
15 | $2,460,000 |
$164,000 | $300,000 |
$49,000 | $100,000 |
| Application Withdrawn By Applicant |
2 | $280,000 |
$140,000 | $195,000 |
$64,000 | $65,000 |
| File Closed For Incompleteness |
1 | $300,000 |
$300,000 | $300,000 |
$116,000 | $116,000 |
| Loan Originated |
174 | $30,598,000 |
$175,000 | $1,000,000 |
$121,000 | $1,548,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $290,000 |
$145,000 | $270,000 |
$91,000 | $100,000 |
| Debt-To-Income Ratio |
13 | $2,170,000 |
$166,000 | $300,000 |
$43,000 | $79,000 |
| 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 MAGYAR BANK by:
Metropolitan Area And
County
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