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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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PENN FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PENN FEDERAL SAVINGS BANK |
| Address | 622 EAGLE ROCK AVENUE
WEST ORANGE, NJ 07052 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,252 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $425,750,000 |
| Average Mortgage Loan Amount Applied For | $201,632 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $131,122 |
| Highest Applicant Income | $1,442,000 |
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| Home Improvement |
504 | $42,977,000 |
$85,000 | $1,100,000 |
$116,000 | $672,000 |
| Home Purchase |
545 | $206,518,000 |
$378,000 | $1,200,000 |
$155,000 | $1,442,000 |
| Refinancing |
1,203 | $176,255,000 |
$146,000 | $1,800,000 |
$115,000 | $1,018,000 |
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| American Indian or Alaskan Native |
3 | $164,000 |
$54,000 | $79,000 |
$117,000 | $219,000 |
| Asian |
235 | $57,798,000 |
$245,000 | $990,000 |
$122,000 | $426,000 |
| Black or African American |
42 | $6,913,000 |
$164,000 | $580,000 |
$149,000 | $930,000 |
| Hispanic |
140 | $25,304,000 |
$180,000 | $1,800,000 |
$99,000 | $392,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $880,000 |
$176,000 | $420,000 |
$158,000 | $176,000 |
| Not applicable |
3 | $1,100,000 |
$366,000 | $500,000 |
$0 | $0 |
| Not Provided |
419 | $55,476,000 |
$132,000 | $1,000,000 |
$116,000 | $537,000 |
| White |
1,405 | $278,115,000 |
$197,000 | $1,418,000 |
$130,000 | $1,442,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,252 | $425,750,000 |
$189,000 | $1,800,000 |
$125,000 | $1,442,000 |
| 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 |
136 | $25,195,000 |
$185,000 | $910,000 |
$126,000 | $609,000 |
| Application Denied By Financial Institution |
394 | $50,963,000 |
$129,000 | $1,800,000 |
$104,000 | $672,000 |
| Application Withdrawn By Applicant |
85 | $17,744,000 |
$208,000 | $900,000 |
$127,000 | $661,000 |
| File Closed For Incompleteness |
70 | $18,448,000 |
$263,000 | $1,040,000 |
$127,000 | $900,000 |
| Loan Originated |
1,511 | $292,094,000 |
$193,000 | $1,418,000 |
$135,000 | $1,442,000 |
| Loan Purchased By The Institution |
56 | $21,306,000 |
$380,000 | $635,000 |
$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 |
130 | $16,803,000 |
$129,000 | $720,000 |
$141,000 | $672,000 |
| Credit Application Incomplete |
1 | $297,000 |
$297,000 | $297,000 |
$50,000 | $50,000 |
| Credit History |
65 | $6,150,000 |
$94,000 | $428,000 |
$87,000 | $285,000 |
| Debt-To-Income Ratio |
163 | $19,577,000 |
$120,000 | $500,000 |
$73,000 | $565,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $1,236,000 |
$618,000 | $772,000 |
$255,000 | $335,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
29 | $6,809,000 |
$234,000 | $1,800,000 |
$155,000 | $600,000 |
| Unverifiable Information |
4 | $91,000 |
$22,000 | $26,000 |
$54,000 | $100,000 |
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Mortgage Loan App Totals for PENN FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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