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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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NEW MILLENNIUM BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW MILLENNIUM BANK |
| Address | 57 LIVINGSTON AVENUE
NEW BRUNSWICK, NJ 08901 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 8 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,470,000 |
| Average Mortgage Loan Amount Applied For | $389,333 |
| Highest Mortgage Loan Amount Applied For | $855,000 |
| Average Applicant Income | $16,000 |
| Highest Applicant Income | $114,000 |
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| Home Improvement |
1 | $170,000 |
$170,000 | $170,000 |
$79,000 | $79,000 |
| Home Purchase |
4 | $2,020,000 |
$505,000 | $855,000 |
$0 | $0 |
| Refinancing |
3 | $280,000 |
$93,000 | $140,000 |
$38,000 | $114,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $2,200,000 |
$366,000 | $855,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
2 | $270,000 |
$135,000 | $170,000 |
$96,000 | $114,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8 | $2,470,000 |
$308,000 | $855,000 |
$24,000 | $114,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
1 | $140,000 |
$140,000 | $140,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
7 | $2,330,000 |
$332,000 | $855,000 |
$27,000 | $114,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $140,000 |
$140,000 | $140,000 |
$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 NEW MILLENNIUM BANK by:
Metropolitan Area And
County
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