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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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METLIFE BANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
METLIFE BANK, N.A. |
| Address | 501 RT 22 WEST
BRIDGEWATER, NJ 08807 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,112 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $872,151,000 |
| Average Mortgage Loan Amount Applied For | $683,873 |
| Highest Mortgage Loan Amount Applied For | $45,000,000 |
| Average Applicant Income | $64,888 |
| Highest Applicant Income | $1,264,000 |
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| Home Improvement |
39 | $7,695,000 |
$197,000 | $500,000 |
$66,000 | $300,000 |
| Home Purchase |
465 | $557,413,000 |
$1,198,000 | $45,000,000 |
$84,000 | $1,264,000 |
| Refinancing |
608 | $307,043,000 |
$505,000 | $42,500,000 |
$66,000 | $650,000 |
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| American Indian or Alaskan Native |
9 | $1,662,000 |
$184,000 | $488,000 |
$40,000 | $108,000 |
| Asian |
52 | $16,090,000 |
$309,000 | $736,000 |
$95,000 | $820,000 |
| Black or African American |
100 | $17,174,000 |
$171,000 | $678,000 |
$54,000 | $193,000 |
| Hispanic |
66 | $15,897,000 |
$240,000 | $956,000 |
$67,000 | $400,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $645,000 |
$215,000 | $312,000 |
$97,000 | $136,000 |
| Not applicable |
35 | $624,392,000 |
$17,839,000 | $45,000,000 |
$0 | $0 |
| Not Provided |
193 | $42,447,000 |
$219,000 | $1,700,000 |
$76,000 | $700,000 |
| White |
654 | $153,844,000 |
$235,000 | $1,763,000 |
$79,000 | $1,264,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,112 | $872,151,000 |
$784,000 | $45,000,000 |
$73,000 | $1,264,000 |
| 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 |
251 | $142,050,000 |
$565,000 | $35,600,000 |
$93,000 | $825,000 |
| Application Denied By Financial Institution |
271 | $445,744,000 |
$1,644,000 | $42,500,000 |
$61,000 | $700,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
581 | $257,987,000 |
$444,000 | $45,000,000 |
$72,000 | $1,264,000 |
| Loan Purchased By The Institution |
9 | $26,370,000 |
$2,930,000 | $25,000,000 |
$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 |
66 | $13,060,000 |
$197,000 | $588,000 |
$72,000 | $405,000 |
| Credit Application Incomplete |
3 | $307,000 |
$102,000 | $182,000 |
$74,000 | $136,000 |
| Credit History |
73 | $15,294,000 |
$209,000 | $770,000 |
$63,000 | $605,000 |
| Debt-To-Income Ratio |
77 | $21,593,000 |
$280,000 | $1,700,000 |
$62,000 | $700,000 |
| Employment History |
3 | $428,000 |
$142,000 | $168,000 |
$52,000 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
13 | $2,936,000 |
$225,000 | $388,000 |
$48,000 | $105,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
32 | $391,541,000 |
$12,235,000 | $42,500,000 |
$28,000 | $162,000 |
| Unverifiable Information |
4 | $585,000 |
$146,000 | $246,000 |
$115,000 | $155,000 |
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Mortgage Loan App Totals for METLIFE BANK, N.A. by:
Metropolitan Area And
County
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