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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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SOMERSET HILLS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOMERSET HILLS BANK |
| Address | 155 MORRISTOWN ROAD
BERNARDSVILLE, NJ 07924 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 73 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,133,000 |
| Average Mortgage Loan Amount Applied For | $134,818 |
| Highest Mortgage Loan Amount Applied For | $1,095,000 |
| Average Applicant Income | $183,454 |
| Highest Applicant Income | $1,920,000 |
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| Home Improvement |
58 | $5,182,000 |
$89,000 | $510,000 |
$213,000 | $1,920,000 |
| Home Purchase |
4 | $2,806,000 |
$701,000 | $806,000 |
$84,000 | $200,000 |
| Refinancing |
11 | $5,145,000 |
$467,000 | $1,095,000 |
$327,000 | $1,230,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $28,000 |
$28,000 | $28,000 |
$200,000 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $2,615,000 |
$653,000 | $750,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
68 | $10,490,000 |
$154,000 | $1,095,000 |
$237,000 | $1,920,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
73 | $13,133,000 |
$179,000 | $1,095,000 |
$223,000 | $1,920,000 |
| 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 |
2 | $132,000 |
$66,000 | $100,000 |
$97,000 | $150,000 |
| Application Denied By Financial Institution |
4 | $1,035,000 |
$258,000 | $600,000 |
$79,000 | $114,000 |
| Application Withdrawn By Applicant |
2 | $282,000 |
$141,000 | $265,000 |
$38,000 | $57,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
65 | $11,684,000 |
$179,000 | $1,095,000 |
$242,000 | $1,920,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $600,000 |
$600,000 | $600,000 |
$51,000 | $51,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $435,000 |
$145,000 | $200,000 |
$89,000 | $114,000 |
| 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 SOMERSET HILLS BANK by:
Metropolitan Area And
County
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