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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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NJ LENDERS CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
NJ LENDERS CORP |
| Address | 219 PATERSON AVENUE
LITTLE FALLS, NJ 07424 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,385 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,569,635,000 |
| Average Mortgage Loan Amount Applied For | $234,134 |
| Highest Mortgage Loan Amount Applied For | $3,710,000 |
| Average Applicant Income | $150,936 |
| Highest Applicant Income | $5,030,000 |
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| Home Improvement |
7 | $5,913,000 |
$844,000 | $3,300,000 |
$353,000 | $780,000 |
| Home Purchase |
3,437 | $937,039,000 |
$272,000 | $3,710,000 |
$160,000 | $5,030,000 |
| Refinancing |
1,957 | $632,270,000 |
$323,000 | $3,700,000 |
$160,000 | $2,424,000 |
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| American Indian or Alaskan Native |
8 | $2,162,000 |
$270,000 | $568,000 |
$211,000 | $279,000 |
| Asian |
128 | $41,252,000 |
$322,000 | $1,125,000 |
$182,000 | $833,000 |
| Black or African American |
275 | $62,685,000 |
$227,000 | $976,000 |
$113,000 | $581,000 |
| Hispanic |
936 | $208,378,000 |
$222,000 | $1,001,000 |
$84,000 | $494,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $298,000 |
$149,000 | $252,000 |
$86,000 | $86,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
634 | $206,808,000 |
$326,000 | $3,700,000 |
$158,000 | $2,424,000 |
| White |
3,418 | $1,053,639,000 |
$308,000 | $3,710,000 |
$184,000 | $5,030,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,392 | $1,572,756,000 |
$291,000 | $3,710,000 |
$160,000 | $5,030,000 |
| FHA-insured (Federal Housing Administration) |
8 | $2,228,000 |
$278,000 | $384,000 |
$91,000 | $146,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $238,000 |
$238,000 | $238,000 |
$220,000 | $220,000 |
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| Application Approved But Not Accepted |
581 | $184,481,000 |
$317,000 | $2,000,000 |
$149,000 | $1,335,000 |
| Application Denied By Financial Institution |
51 | $15,590,000 |
$305,000 | $1,970,000 |
$141,000 | $1,800,000 |
| Application Withdrawn By Applicant |
731 | $230,884,000 |
$315,000 | $3,710,000 |
$154,000 | $2,424,000 |
| File Closed For Incompleteness |
8 | $3,630,000 |
$453,000 | $1,000,000 |
$122,000 | $400,000 |
| Loan Originated |
4,029 | $1,140,453,000 |
$283,000 | $3,000,000 |
$163,000 | $5,030,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $184,000 |
$184,000 | $184,000 |
$64,000 | $64,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
8 | $1,753,000 |
$219,000 | $780,000 |
$146,000 | $300,000 |
| Credit Application Incomplete |
8 | $4,551,000 |
$568,000 | $1,970,000 |
$334,000 | $1,800,000 |
| Credit History |
13 | $3,109,000 |
$239,000 | $442,000 |
$65,000 | $160,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $2,110,000 |
$351,000 | $637,000 |
$187,000 | $505,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $2,129,000 |
$266,000 | $900,000 |
$84,000 | $149,000 |
| Unverifiable Information |
6 | $1,222,000 |
$203,000 | $468,000 |
$81,000 | $252,000 |
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Mortgage Loan App Totals for NJ LENDERS CORP by:
Metropolitan Area And
County
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