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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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PARKEBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARKEBANK |
| Address | 601 DELSEA DRIVE
SEWELL, NJ 08080 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 74 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,684,000 |
| Average Mortgage Loan Amount Applied For | $302,428 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $51,428 |
| Highest Applicant Income | $408,000 |
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| Home Improvement |
6 | $535,000 |
$89,000 | $350,000 |
$66,000 | $124,000 |
| Home Purchase |
49 | $17,113,000 |
$349,000 | $4,000,000 |
$72,000 | $350,000 |
| Refinancing |
19 | $6,036,000 |
$317,000 | $900,000 |
$74,000 | $408,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $283,000 |
$141,000 | $200,000 |
$20,000 | $40,000 |
| Hispanic |
1 | $41,000 |
$41,000 | $41,000 |
$23,000 | $23,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $13,540,000 |
$712,000 | $4,000,000 |
$0 | $0 |
| Not Provided |
5 | $635,000 |
$127,000 | $251,000 |
$63,000 | $99,000 |
| White |
47 | $9,185,000 |
$195,000 | $1,026,000 |
$105,000 | $408,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
74 | $23,684,000 |
$320,000 | $4,000,000 |
$72,000 | $408,000 |
| 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 | $3,515,000 |
$319,000 | $1,250,000 |
$55,000 | $170,000 |
| Application Denied By Financial Institution |
6 | $937,000 |
$156,000 | $251,000 |
$70,000 | $129,000 |
| Application Withdrawn By Applicant |
1 | $83,000 |
$83,000 | $83,000 |
$40,000 | $40,000 |
| File Closed For Incompleteness |
1 | $650,000 |
$650,000 | $650,000 |
$214,000 | $214,000 |
| Loan Originated |
55 | $18,499,000 |
$336,000 | $4,000,000 |
$73,000 | $408,000 |
| 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 |
2 | $373,000 |
$186,000 | $238,000 |
$68,000 | $89,000 |
| Debt-To-Income Ratio |
4 | $564,000 |
$141,000 | $251,000 |
$71,000 | $129,000 |
| 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 PARKEBANK by:
Metropolitan Area And
County
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