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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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TRUST COMPANY OF NEW JERSEY
Mortgage Loans and Application Details
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| Mortgage Company Name |
TRUST COMPANY OF NEW JERSEY |
| Address | 35 JOURNAL SQUARE
JERSEY CITY, NJ 07306 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 4,944 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $969,533,000 |
| Average Mortgage Loan Amount Applied For | $241,846 |
| Highest Mortgage Loan Amount Applied For | $6,867,000 |
| Average Applicant Income | $121,000 |
| Highest Applicant Income | $2,192,000 |
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| Home Improvement (one-to-four family) |
789 | $41,656,000 |
$45,000 | $500,000 |
$73,500 | $513,000 |
| Home Purchase (one-to-four family) |
555 | $147,127,000 |
$442,500 | $1,240,000 |
$160,666 | $700,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
13 | $12,378,000 |
$952,000 | $6,867,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
3,587 | $768,372,000 |
$244,250 | $1,300,000 |
$122,250 | $2,192,000 |
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| American Indian or Alaskan Native |
7 | $1,635,000 |
$233,000 | $500,000 |
$68,000 | $108,000 |
| Asian or Pacific Islander |
292 | $62,675,000 |
$263,250 | $1,000,000 |
$111,000 | $734,000 |
| Black |
128 | $19,683,000 |
$111,500 | $758,000 |
$78,000 | $581,000 |
| Hispanic |
353 | $50,591,000 |
$140,000 | $600,000 |
$77,000 | $341,000 |
| Information not provided by applicant in mail or telephone application |
281 | $52,554,000 |
$183,666 | $1,000,000 |
$128,333 | $1,099,000 |
| Not applicable |
8 | $10,565,000 |
$1,320,000 | $6,867,000 |
$0 | $0 |
| Other |
244 | $48,847,000 |
$223,000 | $1,000,000 |
$110,000 | $697,000 |
| White |
3,631 | $722,983,000 |
$398,833 | $1,300,000 |
$156,833 | $2,192,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,944 | $969,533,000 |
$394,833 | $6,867,000 |
$155,166 | $2,192,000 |
| 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 |
245 | $45,035,000 |
$333,250 | $973,000 |
$150,750 | $746,000 |
| Application Denied By Financial Institution |
397 | $40,333,000 |
$105,333 | $800,000 |
$56,666 | $312,000 |
| Application Withdrawn By Applicant |
71 | $16,380,000 |
$395,666 | $1,140,000 |
$127,666 | $464,000 |
| File Closed For Incompleteness |
52 | $7,268,000 |
$139,000 | $700,000 |
$89,000 | $669,000 |
| Loan Originated |
4,179 | $860,517,000 |
$386,000 | $6,867,000 |
$157,000 | $2,192,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
79 | $9,271,000 |
$175,333 | $564,000 |
$63,000 | $239,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
75 | $8,616,000 |
$109,500 | $500,000 |
$74,500 | $240,000 |
| Debt-To-Income Ratio |
212 | $18,318,000 |
$86,333 | $800,000 |
$50,333 | $189,000 |
| Employment History |
9 | $1,155,000 |
$128,000 | $200,000 |
$61,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $208,000 |
$208,000 | $208,000 |
$119,000 | $119,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $1,607,000 |
$107,000 | $355,000 |
$85,000 | $312,000 |
| Unverifiable Information |
6 | $1,158,000 |
$193,000 | $290,000 |
$44,000 | $104,000 |
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Mortgage Loan App Totals for TRUST COMPANY OF NEW JERSEY by:
Metropolitan Area And
County
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