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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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OCEAN CITY HOME BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN CITY HOME BANK |
| Address | 1001 ASBURY AVE
OCEAN CITY, NJ 08226 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 420 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $82,712,000 |
| Average Mortgage Loan Amount Applied For | $183,714 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $152,428 |
| Highest Applicant Income | $2,652,000 |
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| Home Improvement |
179 | $6,564,000 |
$36,000 | $210,000 |
$89,000 | $695,000 |
| Home Purchase |
155 | $51,790,000 |
$334,000 | $1,282,000 |
$212,000 | $2,652,000 |
| Refinancing |
90 | $25,183,000 |
$279,000 | $1,800,000 |
$137,000 | $1,976,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
16 | $3,309,000 |
$206,000 | $872,000 |
$89,000 | $325,000 |
| Black or African American |
5 | $761,000 |
$152,000 | $293,000 |
$119,000 | $176,000 |
| Hispanic |
12 | $1,787,000 |
$148,000 | $350,000 |
$112,000 | $516,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $528,000 |
$528,000 | $528,000 |
$204,000 | $204,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $285,000 |
$47,000 | $132,000 |
$43,000 | $69,000 |
| White |
384 | $76,867,000 |
$200,000 | $1,800,000 |
$149,000 | $2,652,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
423 | $83,337,000 |
$197,000 | $1,800,000 |
$144,000 | $2,652,000 |
| FHA-insured (Federal Housing Administration) |
1 | $200,000 |
$200,000 | $200,000 |
$128,000 | $128,000 |
| 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 |
11 | $6,211,000 |
$564,000 | $1,800,000 |
$268,000 | $931,000 |
| Application Denied By Financial Institution |
45 | $3,032,000 |
$67,000 | $550,000 |
$96,000 | $695,000 |
| Application Withdrawn By Applicant |
17 | $5,680,000 |
$334,000 | $1,176,000 |
$297,000 | $2,652,000 |
| File Closed For Incompleteness |
3 | $1,160,000 |
$386,000 | $1,000,000 |
$309,000 | $357,000 |
| Loan Originated |
344 | $66,479,000 |
$193,000 | $1,275,000 |
$137,000 | $1,976,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $550,000 |
$275,000 | $350,000 |
$279,000 | $516,000 |
| Preapproval Denied by Financial Institution |
2 | $425,000 |
$212,000 | $225,000 |
$60,000 | $81,000 |
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| Collateral |
3 | $763,000 |
$254,000 | $550,000 |
$70,000 | $156,000 |
| Credit Application Incomplete |
3 | $277,000 |
$92,000 | $132,000 |
$269,000 | $695,000 |
| Credit History |
25 | $1,371,000 |
$54,000 | $210,000 |
$97,000 | $332,000 |
| Debt-To-Income Ratio |
4 | $205,000 |
$51,000 | $100,000 |
$34,000 | $46,000 |
| 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 |
10 | $721,000 |
$72,000 | $225,000 |
$74,000 | $225,000 |
| Unverifiable Information |
2 | $120,000 |
$60,000 | $70,000 |
$66,000 | $90,000 |
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Mortgage Loan App Totals for OCEAN CITY HOME BANK by:
Metropolitan Area And
County
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