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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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MILLENNIUM BCPBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILLENNIUM BCPBANK |
| Address | 255 LAFAYETTE STREET
NEWARK, NJ 07105 |
| 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 | 398 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,145,000 |
| Average Mortgage Loan Amount Applied For | $158,257 |
| Highest Mortgage Loan Amount Applied For | $686,000 |
| Average Applicant Income | $111,000 |
| Highest Applicant Income | $1,403,000 |
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| Home Improvement |
142 | $14,111,000 |
$99,000 | $500,000 |
$89,000 | $610,000 |
| Home Purchase |
28 | $7,188,000 |
$256,000 | $665,000 |
$145,000 | $1,403,000 |
| Refinancing |
228 | $37,846,000 |
$165,000 | $686,000 |
$87,000 | $311,000 |
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| American Indian or Alaskan Native |
1 | $311,000 |
$311,000 | $311,000 |
$104,000 | $104,000 |
| Asian |
6 | $1,160,000 |
$193,000 | $435,000 |
$89,000 | $181,000 |
| Black or African American |
3 | $286,000 |
$95,000 | $200,000 |
$53,000 | $106,000 |
| Hispanic |
31 | $4,786,000 |
$154,000 | $470,000 |
$66,000 | $195,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,981,000 |
$495,000 | $686,000 |
$0 | $0 |
| Not Provided |
2 | $425,000 |
$212,000 | $390,000 |
$100,000 | $167,000 |
| White |
351 | $50,196,000 |
$143,000 | $665,000 |
$95,000 | $1,403,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
398 | $59,145,000 |
$148,000 | $686,000 |
$92,000 | $1,403,000 |
| 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 |
41 | $6,149,000 |
$149,000 | $400,000 |
$86,000 | $280,000 |
| Application Denied By Financial Institution |
128 | $18,225,000 |
$142,000 | $500,000 |
$81,000 | $311,000 |
| Application Withdrawn By Applicant |
14 | $3,006,000 |
$214,000 | $500,000 |
$91,000 | $250,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
215 | $31,765,000 |
$147,000 | $686,000 |
$99,000 | $1,403,000 |
| 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 |
16 | $1,985,000 |
$124,000 | $390,000 |
$107,000 | $200,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $3,692,000 |
$147,000 | $500,000 |
$71,000 | $160,000 |
| Debt-To-Income Ratio |
80 | $11,330,000 |
$141,000 | $450,000 |
$76,000 | $311,000 |
| Employment History |
1 | $250,000 |
$250,000 | $250,000 |
$98,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $968,000 |
$161,000 | $300,000 |
$108,000 | $156,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MILLENNIUM BCPBANK by:
Metropolitan Area And
County
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