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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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ORITANI SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ORITANI SAVINGS BANK |
| Address | 370 PASCACK ROAD
TOWNSHIP OF WASHINGTON, NJ 07676 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 343 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $84,319,000 |
| Average Mortgage Loan Amount Applied For | $449,210 |
| Highest Mortgage Loan Amount Applied For | $5,500,000 |
| Average Applicant Income | $140,473 |
| Highest Applicant Income | $1,814,000 |
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| Home Improvement |
126 | $15,461,000 |
$122,000 | $2,200,000 |
$151,000 | $1,814,000 |
| Home Purchase |
73 | $38,750,000 |
$530,000 | $5,500,000 |
$147,000 | $1,515,000 |
| Refinancing |
144 | $30,108,000 |
$209,000 | $4,000,000 |
$124,000 | $812,000 |
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| American Indian or Alaskan Native |
1 | $300,000 |
$300,000 | $300,000 |
$123,000 | $123,000 |
| Asian |
28 | $10,374,000 |
$370,000 | $4,000,000 |
$167,000 | $369,000 |
| Black or African American |
3 | $1,378,000 |
$459,000 | $882,000 |
$386,000 | $575,000 |
| Hispanic |
31 | $4,249,000 |
$137,000 | $769,000 |
$98,000 | $194,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $105,000 |
$52,000 | $75,000 |
$125,000 | $126,000 |
| Not applicable |
23 | $23,749,000 |
$1,032,000 | $5,500,000 |
$2,000 | $52,000 |
| Not Provided |
83 | $17,014,000 |
$204,000 | $2,200,000 |
$183,000 | $1,814,000 |
| White |
172 | $27,150,000 |
$157,000 | $850,000 |
$135,000 | $1,515,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
343 | $84,319,000 |
$245,000 | $5,500,000 |
$139,000 | $1,814,000 |
| 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 |
11 | $1,294,000 |
$117,000 | $346,000 |
$145,000 | $304,000 |
| Application Denied By Financial Institution |
51 | $9,303,000 |
$182,000 | $1,500,000 |
$95,000 | $369,000 |
| Application Withdrawn By Applicant |
17 | $3,794,000 |
$223,000 | $600,000 |
$171,000 | $360,000 |
| File Closed For Incompleteness |
11 | $1,287,000 |
$117,000 | $300,000 |
$118,000 | $248,000 |
| Loan Originated |
247 | $65,228,000 |
$264,000 | $5,500,000 |
$144,000 | $1,814,000 |
| Loan Purchased By The Institution |
6 | $3,413,000 |
$568,000 | $882,000 |
$252,000 | $575,000 |
| 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 |
4 | $355,000 |
$88,000 | $195,000 |
$169,000 | $198,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $260,000 |
$130,000 | $200,000 |
$78,000 | $99,000 |
| Debt-To-Income Ratio |
37 | $7,581,000 |
$204,000 | $1,500,000 |
$87,000 | $186,000 |
| 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 |
3 | $347,000 |
$115,000 | $250,000 |
$200,000 | $369,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ORITANI SAVINGS BANK by:
Metropolitan Area And
County
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