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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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UNION CENTER NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION CENTER NATIONAL BANK |
| Address | 2455 MORRIS AVENUE
UNION, NJ 07083 |
| 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 | 604 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $81,976,000 |
| Average Mortgage Loan Amount Applied For | $145,105 |
| Highest Mortgage Loan Amount Applied For | $2,450,000 |
| Average Applicant Income | $126,052 |
| Highest Applicant Income | $8,276,000 |
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| Home Improvement |
184 | $12,607,000 |
$68,000 | $500,000 |
$125,000 | $1,895,000 |
| Home Purchase |
95 | $26,646,000 |
$280,000 | $2,450,000 |
$202,000 | $8,276,000 |
| Refinancing |
325 | $42,723,000 |
$131,000 | $2,000,000 |
$116,000 | $833,000 |
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| American Indian or Alaskan Native |
1 | $160,000 |
$160,000 | $160,000 |
$129,000 | $129,000 |
| Asian |
42 | $4,444,000 |
$105,000 | $360,000 |
$133,000 | $592,000 |
| Black or African American |
25 | $3,424,000 |
$136,000 | $484,000 |
$95,000 | $191,000 |
| Hispanic |
43 | $8,200,000 |
$190,000 | $583,000 |
$98,000 | $327,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $62,000 |
$31,000 | $50,000 |
$69,000 | $77,000 |
| Not applicable |
2 | $773,000 |
$386,000 | $600,000 |
$0 | $0 |
| Not Provided |
35 | $5,360,000 |
$153,000 | $500,000 |
$141,000 | $360,000 |
| White |
454 | $59,553,000 |
$131,000 | $2,450,000 |
$138,000 | $8,276,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
604 | $81,976,000 |
$135,000 | $2,450,000 |
$132,000 | $8,276,000 |
| 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 |
8 | $1,134,000 |
$141,000 | $500,000 |
$111,000 | $240,000 |
| Application Denied By Financial Institution |
91 | $11,127,000 |
$122,000 | $532,000 |
$85,000 | $778,000 |
| Application Withdrawn By Applicant |
55 | $10,593,000 |
$192,000 | $2,450,000 |
$261,000 | $8,276,000 |
| File Closed For Incompleteness |
2 | $535,000 |
$267,000 | $285,000 |
$51,000 | $60,000 |
| Loan Originated |
448 | $58,587,000 |
$130,000 | $2,000,000 |
$127,000 | $1,895,000 |
| 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 |
5 | $753,000 |
$150,000 | $265,000 |
$103,000 | $151,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,435,000 |
$159,000 | $532,000 |
$68,000 | $120,000 |
| Debt-To-Income Ratio |
60 | $6,800,000 |
$113,000 | $470,000 |
$84,000 | $778,000 |
| Employment History |
3 | $185,000 |
$61,000 | $85,000 |
$92,000 | $107,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $1,598,000 |
$145,000 | $500,000 |
$103,000 | $202,000 |
| Unverifiable Information |
3 | $356,000 |
$118,000 | $150,000 |
$71,000 | $142,000 |
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Mortgage Loan App Totals for UNION CENTER NATIONAL BANK by:
Metropolitan Area And
County
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