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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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SPENCER SAVINGS BANK SLA
Mortgage Loans and Application Details
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| Mortgage Company Name |
SPENCER SAVINGS BANK SLA |
| Address | 611 RIVER DRIVE
ELMWOOD PARK, NJ 07407 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,278 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $266,380,000 |
| Average Mortgage Loan Amount Applied For | $830,142 |
| Highest Mortgage Loan Amount Applied For | $17,000,000 |
| Average Applicant Income | $156,142 |
| Highest Applicant Income | $3,697,000 |
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| Home Improvement |
483 | $43,511,000 |
$90,000 | $1,450,000 |
$115,000 | $655,000 |
| Home Purchase |
223 | $85,936,000 |
$385,000 | $2,301,000 |
$190,000 | $1,275,000 |
| Refinancing |
572 | $136,933,000 |
$239,000 | $17,000,000 |
$122,000 | $3,697,000 |
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| American Indian or Alaskan Native |
2 | $482,000 |
$241,000 | $392,000 |
$19,000 | $39,000 |
| Asian |
129 | $22,803,000 |
$176,000 | $1,499,000 |
$133,000 | $713,000 |
| Black or African American |
15 | $1,626,000 |
$108,000 | $310,000 |
$86,000 | $247,000 |
| Hispanic |
52 | $12,501,000 |
$240,000 | $2,700,000 |
$91,000 | $232,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
109 | $76,522,000 |
$702,000 | $17,000,000 |
$155,000 | $3,697,000 |
| Not Provided |
208 | $43,667,000 |
$209,000 | $2,480,000 |
$158,000 | $1,023,000 |
| White |
763 | $108,779,000 |
$142,000 | $1,880,000 |
$124,000 | $1,275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,278 | $266,380,000 |
$208,000 | $17,000,000 |
$131,000 | $3,697,000 |
| 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 |
39 | $3,976,000 |
$101,000 | $419,000 |
$113,000 | $325,000 |
| Application Denied By Financial Institution |
154 | $24,032,000 |
$156,000 | $1,200,000 |
$92,000 | $720,000 |
| Application Withdrawn By Applicant |
37 | $32,233,000 |
$871,000 | $17,000,000 |
$117,000 | $405,000 |
| File Closed For Incompleteness |
29 | $2,244,000 |
$77,000 | $355,000 |
$82,000 | $249,000 |
| Loan Originated |
926 | $173,912,000 |
$187,000 | $4,670,000 |
$135,000 | $1,275,000 |
| Loan Purchased By The Institution |
93 | $29,983,000 |
$322,000 | $1,399,000 |
$182,000 | $3,697,000 |
| 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 |
18 | $2,612,000 |
$145,000 | $448,000 |
$161,000 | $720,000 |
| Credit Application Incomplete |
2 | $695,000 |
$347,000 | $480,000 |
$349,000 | $452,000 |
| Credit History |
4 | $857,000 |
$214,000 | $320,000 |
$102,000 | $131,000 |
| Debt-To-Income Ratio |
122 | $17,935,000 |
$147,000 | $1,200,000 |
$74,000 | $344,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $344,000 |
$344,000 | $344,000 |
$103,000 | $103,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $1,589,000 |
$227,000 | $810,000 |
$139,000 | $300,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SPENCER SAVINGS BANK SLA by:
Metropolitan Area And
County
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