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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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OCEANFIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEANFIRST BANK |
| Address | 975 HOOPER AVENUE
TOMS RIVER, NJ 08753 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,800 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $358,837,000 |
| Average Mortgage Loan Amount Applied For | $215,785 |
| Highest Mortgage Loan Amount Applied For | $2,300,000 |
| Average Applicant Income | $145,616 |
| Highest Applicant Income | $1,272,000 |
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| Home Improvement |
502 | $31,330,000 |
$62,000 | $417,000 |
$101,000 | $1,058,000 |
| Home Purchase |
553 | $169,339,000 |
$306,000 | $2,080,000 |
$147,000 | $1,180,000 |
| Refinancing |
745 | $158,168,000 |
$212,000 | $2,300,000 |
$115,000 | $1,272,000 |
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| American Indian or Alaskan Native |
2 | $454,000 |
$227,000 | $329,000 |
$187,000 | $300,000 |
| Asian |
51 | $18,973,000 |
$372,000 | $725,000 |
$168,000 | $485,000 |
| Black or African American |
18 | $3,663,000 |
$203,000 | $460,000 |
$107,000 | $273,000 |
| Hispanic |
44 | $8,171,000 |
$185,000 | $825,000 |
$107,000 | $315,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $66,000 |
$66,000 | $66,000 |
$95,000 | $95,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
52 | $5,851,000 |
$112,000 | $440,000 |
$123,000 | $500,000 |
| White |
1,632 | $321,659,000 |
$197,000 | $2,300,000 |
$120,000 | $1,272,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,774 | $352,472,000 |
$198,000 | $2,300,000 |
$122,000 | $1,272,000 |
| FHA-insured (Federal Housing Administration) |
26 | $6,365,000 |
$244,000 | $448,000 |
$78,000 | $137,000 |
| 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 |
62 | $17,207,000 |
$277,000 | $2,300,000 |
$129,000 | $911,000 |
| Application Denied By Financial Institution |
133 | $16,412,000 |
$123,000 | $681,000 |
$83,000 | $432,000 |
| Application Withdrawn By Applicant |
158 | $30,896,000 |
$195,000 | $1,400,000 |
$135,000 | $1,058,000 |
| File Closed For Incompleteness |
2 | $354,000 |
$177,000 | $253,000 |
$104,000 | $157,000 |
| Loan Originated |
1,445 | $293,968,000 |
$203,000 | $2,080,000 |
$123,000 | $1,272,000 |
| 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 | $1,741,000 |
$108,000 | $400,000 |
$103,000 | $225,000 |
| Credit Application Incomplete |
1 | $100,000 |
$100,000 | $100,000 |
$72,000 | $72,000 |
| Credit History |
36 | $2,443,000 |
$67,000 | $454,000 |
$69,000 | $165,000 |
| Debt-To-Income Ratio |
73 | $9,868,000 |
$135,000 | $681,000 |
$78,000 | $432,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $352,000 |
$352,000 | $352,000 |
$95,000 | $95,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,813,000 |
$362,000 | $624,000 |
$199,000 | $388,000 |
| Unverifiable Information |
1 | $95,000 |
$95,000 | $95,000 |
$90,000 | $90,000 |
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Mortgage Loan App Totals for OCEANFIRST BANK by:
Metropolitan Area And
County
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