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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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SHREWSBURY STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SHREWSBURY STATE BANK |
| Address | 465 BROAD STREET
SHREWSBURY, NJ 07702 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 331 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,783,000 |
| Average Mortgage Loan Amount Applied For | $148,900 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $129,500 |
| Highest Applicant Income | $1,342,000 |
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| Home Improvement |
51 | $2,949,000 |
$57,000 | $320,000 |
$98,000 | $303,000 |
| Home Purchase |
109 | $18,839,000 |
$107,000 | $2,000,000 |
$90,500 | $1,342,000 |
| Refinancing |
180 | $29,257,000 |
$162,000 | $630,000 |
$100,000 | $905,000 |
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| American Indian or Alaskan Native |
4 | $225,000 |
$56,000 | $100,000 |
$394,000 | $1,037,000 |
| Asian |
5 | $640,000 |
$128,000 | $240,000 |
$160,000 | $303,000 |
| Black or African American |
7 | $621,000 |
$88,000 | $159,000 |
$64,000 | $127,000 |
| Hispanic |
6 | $620,000 |
$70,000 | $236,000 |
$68,500 | $260,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $3,198,000 |
$266,000 | $646,000 |
$0 | $0 |
| Not Provided |
23 | $5,699,000 |
$131,500 | $675,000 |
$81,500 | $405,000 |
| White |
283 | $40,042,000 |
$88,500 | $2,000,000 |
$71,000 | $1,342,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
340 | $51,045,000 |
$91,000 | $2,000,000 |
$74,000 | $1,342,000 |
| 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 |
15 | $2,405,000 |
$96,500 | $400,000 |
$68,500 | $285,000 |
| Application Denied By Financial Institution |
25 | $1,911,000 |
$47,000 | $213,000 |
$45,500 | $131,000 |
| Application Withdrawn By Applicant |
13 | $1,698,000 |
$130,000 | $334,000 |
$59,000 | $171,000 |
| File Closed For Incompleteness |
5 | $453,000 |
$69,500 | $168,000 |
$39,000 | $70,000 |
| Loan Originated |
277 | $44,399,000 |
$160,000 | $2,000,000 |
$135,000 | $1,342,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $78,000 |
$78,000 | $78,000 |
$51,000 | $51,000 |
| Preapproval Denied by Financial Institution |
4 | $101,000 |
$25,000 | $50,000 |
$33,000 | $62,000 |
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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 SHREWSBURY STATE BANK by:
Metropolitan Area And
County
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