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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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SUN NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUN NATIONAL BANK |
| Address | 226 LANDIS AVE.
VINELAND, NJ 08360 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,273 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $109,606,000 |
| Average Mortgage Loan Amount Applied For | $141,426 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $133,770 |
| Highest Applicant Income | $8,069,000 |
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| Home Improvement |
522 | $20,727,000 |
$39,000 | $440,000 |
$77,000 | $2,305,000 |
| Home Purchase |
399 | $47,773,000 |
$119,000 | $1,600,000 |
$106,000 | $7,342,000 |
| Refinancing |
352 | $41,106,000 |
$116,000 | $1,500,000 |
$124,000 | $8,069,000 |
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| American Indian or Alaskan Native |
9 | $607,000 |
$67,000 | $250,000 |
$78,000 | $185,000 |
| Asian |
32 | $3,531,000 |
$110,000 | $417,000 |
$73,000 | $168,000 |
| Black or African American |
78 | $4,915,000 |
$63,000 | $309,000 |
$58,000 | $218,000 |
| Hispanic |
98 | $6,319,000 |
$64,000 | $323,000 |
$54,000 | $250,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $226,000 |
$113,000 | $150,000 |
$74,000 | $90,000 |
| Not applicable |
24 | $8,226,000 |
$342,000 | $1,500,000 |
$1,095,000 | $8,069,000 |
| Not Provided |
70 | $5,157,000 |
$73,000 | $870,000 |
$90,000 | $316,000 |
| White |
960 | $80,625,000 |
$83,000 | $1,600,000 |
$84,000 | $2,516,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,267 | $108,360,000 |
$85,000 | $1,600,000 |
$99,000 | $8,069,000 |
| FHA-insured (Federal Housing Administration) |
5 | $1,006,000 |
$201,000 | $251,000 |
$65,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $240,000 |
$240,000 | $240,000 |
$53,000 | $53,000 |
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| Application Approved But Not Accepted |
101 | $6,691,000 |
$66,000 | $440,000 |
$111,000 | $2,305,000 |
| Application Denied By Financial Institution |
408 | $21,578,000 |
$52,000 | $323,000 |
$54,000 | $306,000 |
| Application Withdrawn By Applicant |
26 | $4,763,000 |
$183,000 | $750,000 |
$95,000 | $300,000 |
| File Closed For Incompleteness |
2 | $317,000 |
$158,000 | $167,000 |
$39,000 | $45,000 |
| Loan Originated |
736 | $76,257,000 |
$103,000 | $1,600,000 |
$123,000 | $8,069,000 |
| 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 |
31 | $1,758,000 |
$56,000 | $250,000 |
$77,000 | $197,000 |
| Credit Application Incomplete |
11 | $918,000 |
$83,000 | $323,000 |
$97,000 | $306,000 |
| Credit History |
172 | $7,583,000 |
$44,000 | $200,000 |
$50,000 | $185,000 |
| Debt-To-Income Ratio |
168 | $9,993,000 |
$59,000 | $250,000 |
$50,000 | $285,000 |
| Employment History |
12 | $402,000 |
$33,000 | $85,000 |
$53,000 | $229,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $195,000 |
$195,000 | $195,000 |
$67,000 | $67,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $489,000 |
$44,000 | $250,000 |
$45,000 | $250,000 |
| Unverifiable Information |
2 | $240,000 |
$120,000 | $150,000 |
$118,000 | $147,000 |
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Mortgage Loan App Totals for SUN NATIONAL BANK by:
Metropolitan Area And
County
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