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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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WEST ESSEX BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEST ESSEX BANK |
| Address | 614 KEARNY AVENUE
KEARNY, NJ 07032 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 196 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,108,000 |
| Average Mortgage Loan Amount Applied For | $82,461 |
| Highest Mortgage Loan Amount Applied For | $430,000 |
| Average Applicant Income | $89,230 |
| Highest Applicant Income | $1,207,000 |
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| Home Improvement (one-to-four family) |
104 | $6,774,000 |
$65,000 | $250,000 |
$77,000 | $328,000 |
| Home Purchase (one-to-four family) |
3 | $343,000 |
$114,000 | $220,000 |
$36,000 | $51,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
89 | $8,991,000 |
$101,000 | $430,000 |
$107,000 | $1,207,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
10 | $1,094,000 |
$109,000 | $250,000 |
$98,000 | $144,000 |
| Black |
2 | $98,000 |
$49,000 | $53,000 |
$51,000 | $61,000 |
| Hispanic |
1 | $100,000 |
$100,000 | $100,000 |
$48,000 | $48,000 |
| Information not provided by applicant in mail or telephone application |
7 | $481,000 |
$68,000 | $175,000 |
$99,000 | $124,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $303,000 |
$101,000 | $134,000 |
$135,000 | $252,000 |
| White |
173 | $14,032,000 |
$81,000 | $430,000 |
$86,000 | $1,207,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
196 | $16,108,000 |
$82,000 | $430,000 |
$89,000 | $1,207,000 |
| 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 |
5 | $193,000 |
$38,000 | $53,000 |
$69,000 | $97,000 |
| Application Denied By Financial Institution |
27 | $2,284,000 |
$84,000 | $250,000 |
$75,000 | $184,000 |
| Application Withdrawn By Applicant |
36 | $3,000,000 |
$83,000 | $400,000 |
$85,000 | $225,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
128 | $10,631,000 |
$83,000 | $430,000 |
$102,000 | $1,207,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
6 | $377,000 |
$62,000 | $120,000 |
$108,000 | $124,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $185,000 |
$92,000 | $120,000 |
$112,000 | $184,000 |
| Debt-To-Income Ratio |
19 | $1,722,000 |
$90,000 | $250,000 |
$51,000 | $113,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WEST ESSEX BANK by:
Metropolitan Area And
County
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