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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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NVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
NVE BANK |
| Address | 76 ENGLE STREET
ENGLEWOOD, NJ 07631 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 250 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,078,000 |
| Average Mortgage Loan Amount Applied For | $185,642 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $143,071 |
| Highest Applicant Income | $634,000 |
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| Home Improvement |
71 | $5,798,000 |
$81,000 | $350,000 |
$105,000 | $241,000 |
| Home Purchase |
24 | $7,224,000 |
$301,000 | $585,000 |
$163,000 | $470,000 |
| Refinancing |
155 | $21,056,000 |
$135,000 | $750,000 |
$132,000 | $634,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
21 | $4,230,000 |
$201,000 | $669,000 |
$150,000 | $247,000 |
| Black or African American |
21 | $2,211,000 |
$105,000 | $280,000 |
$91,000 | $466,000 |
| Hispanic |
17 | $2,003,000 |
$117,000 | $500,000 |
$94,000 | $161,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $200,000 |
$200,000 | $200,000 |
$148,000 | $148,000 |
| White |
190 | $25,434,000 |
$133,000 | $750,000 |
$132,000 | $634,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
250 | $34,078,000 |
$136,000 | $750,000 |
$128,000 | $634,000 |
| 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 |
13 | $1,931,000 |
$148,000 | $300,000 |
$131,000 | $234,000 |
| Application Denied By Financial Institution |
22 | $2,996,000 |
$136,000 | $750,000 |
$91,000 | $348,000 |
| Application Withdrawn By Applicant |
11 | $1,875,000 |
$170,000 | $345,000 |
$111,000 | $466,000 |
| File Closed For Incompleteness |
7 | $1,450,000 |
$207,000 | $500,000 |
$128,000 | $200,000 |
| Loan Originated |
197 | $25,826,000 |
$131,000 | $669,000 |
$132,000 | $634,000 |
| 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 | $400,000 |
$400,000 | $400,000 |
$91,000 | $91,000 |
| 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 NVE BANK by:
Metropolitan Area And
County
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