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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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PEAPACK-GLADSTONE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEAPACK-GLADSTONE BANK |
| Address | 158 ROUTE 206 N
GLADSTONE, NJ 07934 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 499 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $129,691,000 |
| Average Mortgage Loan Amount Applied For | $337,333 |
| Highest Mortgage Loan Amount Applied For | $4,500,000 |
| Average Applicant Income | $250,000 |
| Highest Applicant Income | $6,233,000 |
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| Home Improvement |
143 | $18,238,000 |
$127,000 | $1,750,000 |
$135,000 | $970,000 |
| Home Purchase |
185 | $74,635,000 |
$403,000 | $4,500,000 |
$203,000 | $6,233,000 |
| Refinancing |
171 | $36,818,000 |
$215,000 | $1,450,000 |
$167,000 | $1,669,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
15 | $4,618,000 |
$307,000 | $504,000 |
$138,000 | $233,000 |
| Black or African American |
5 | $1,118,000 |
$223,000 | $432,000 |
$67,000 | $135,000 |
| Hispanic |
14 | $1,807,000 |
$129,000 | $240,000 |
$98,000 | $203,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
76 | $28,656,000 |
$377,000 | $1,500,000 |
$177,000 | $3,180,000 |
| Not Provided |
73 | $24,671,000 |
$337,000 | $4,500,000 |
$277,000 | $6,233,000 |
| White |
316 | $68,821,000 |
$217,000 | $1,750,000 |
$152,000 | $1,669,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
499 | $129,691,000 |
$259,000 | $4,500,000 |
$171,000 | $6,233,000 |
| 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 |
25 | $4,395,000 |
$175,000 | $1,000,000 |
$201,000 | $1,272,000 |
| Application Denied By Financial Institution |
46 | $5,581,000 |
$121,000 | $800,000 |
$104,000 | $749,000 |
| Application Withdrawn By Applicant |
13 | $2,110,000 |
$162,000 | $448,000 |
$115,000 | $300,000 |
| File Closed For Incompleteness |
10 | $1,390,000 |
$139,000 | $350,000 |
$186,000 | $330,000 |
| Loan Originated |
334 | $88,993,000 |
$266,000 | $4,500,000 |
$176,000 | $6,233,000 |
| Loan Purchased By The Institution |
71 | $27,222,000 |
$383,000 | $1,500,000 |
$189,000 | $3,180,000 |
| 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 |
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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PEAPACK-GLADSTONE BANK by:
Metropolitan Area And
County
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