|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
VALLEY NATIONAL BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
VALLEY NATIONAL BANK |
| Address | 1455 VALLEY ROAD
WAYNE, NJ 07470 |
| 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 | 1,732 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $422,326,000 |
| Average Mortgage Loan Amount Applied For | $276,457 |
| Highest Mortgage Loan Amount Applied For | $9,700,000 |
| Average Applicant Income | $185,031 |
| Highest Applicant Income | $3,120,000 |
|
|
|
| Home Improvement |
702 | $40,165,000 |
$57,000 | $500,000 |
$106,000 | $2,245,000 |
| Home Purchase |
582 | $222,432,000 |
$382,000 | $9,700,000 |
$197,000 | $3,120,000 |
| Refinancing |
457 | $162,411,000 |
$355,000 | $3,600,000 |
$146,000 | $1,861,000 |
|
|
| American Indian or Alaskan Native |
7 | $2,444,000 |
$349,000 | $975,000 |
$222,000 | $999,000 |
| Asian |
112 | $26,128,000 |
$233,000 | $675,000 |
$129,000 | $1,408,000 |
| Black or African American |
51 | $9,163,000 |
$179,000 | $704,000 |
$86,000 | $223,000 |
| Hispanic |
116 | $20,801,000 |
$179,000 | $825,000 |
$102,000 | $935,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $920,000 |
$306,000 | $470,000 |
$227,000 | $393,000 |
| Not applicable |
37 | $42,013,000 |
$1,135,000 | $9,700,000 |
$97,000 | $999,000 |
| Not Provided |
129 | $37,339,000 |
$289,000 | $3,500,000 |
$214,000 | $3,120,000 |
| White |
1,286 | $286,200,000 |
$222,000 | $2,600,000 |
$149,000 | $2,433,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,741 | $425,008,000 |
$244,000 | $9,700,000 |
$147,000 | $3,120,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
94 | $20,421,000 |
$217,000 | $1,642,000 |
$142,000 | $1,649,000 |
| Application Denied By Financial Institution |
121 | $19,041,000 |
$157,000 | $999,000 |
$83,000 | $460,000 |
| Application Withdrawn By Applicant |
115 | $63,956,000 |
$556,000 | $9,700,000 |
$152,000 | $3,120,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,247 | $263,957,000 |
$211,000 | $2,600,000 |
$151,000 | $2,433,000 |
| Loan Purchased By The Institution |
155 | $54,951,000 |
$354,000 | $900,000 |
$164,000 | $917,000 |
| Preapproval Approved but not Accepted |
9 | $2,682,000 |
$298,000 | $395,000 |
$168,000 | $371,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
20 | $3,559,000 |
$177,000 | $999,000 |
$99,000 | $268,000 |
| Credit Application Incomplete |
12 | $1,405,000 |
$117,000 | $375,000 |
$128,000 | $420,000 |
| Credit History |
24 | $2,761,000 |
$115,000 | $420,000 |
$75,000 | $183,000 |
| Debt-To-Income Ratio |
53 | $9,573,000 |
$180,000 | $600,000 |
$67,000 | $460,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $300,000 |
$300,000 | $300,000 |
$163,000 | $163,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $1,443,000 |
$131,000 | $298,000 |
$97,000 | $142,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for VALLEY NATIONAL BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
