First Interstate Financial Cor
Mortgage Loan Application
Totals and Details
for 2007

Mortgage Company & Address First Interstate Financial Cor
39 Avenue At The Commons
Shrewsbury, NJ 07702
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,913
Total Mortgage Loan Application Amount $767,226,000
Average Mortgage Loan Application Amount $238,344
Highest Mortgage Loan Application Amount $1,913,000
Average Applicant Income $53,528
Highest Applicant Income $1,714,000
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Mortgage Loan Application Detail Totals for First Interstate Financial Cor in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 1,502 $409,042,000 $272,000 $1,625,000 $49,000 $1,673,000
Home Purchase 1,411 $358,184,000 $253,000 $1,913,000 $46,000 $1,714,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,673 $441,845,000 $264,000 $1,625,000 $67,000 $1,714,000
Black or African American 450 $108,459,000 $241,000 $1,080,000 $24,000 $396,000
Not Provided 393 $106,436,000 $270,000 $1,913,000 $12,000 $240,000
Hispanic 349 $96,344,000 $276,000 $1,000,000 $24,000 $222,000
Asian 40 $11,341,000 $283,000 $960,000 $70,000 $288,000
Native Hawaiin or Other Pacific Islander 5 $1,715,000 $343,000 $570,000 $0 $0
American Indian or Alaskan Native 3 $1,086,000 $362,000 $463,000 $71,000 $108,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,590 $681,304,000 $263,000 $1,913,000 $50,000 $1,714,000
FHA-insured (Federal Housing Administration) 322 $85,508,000 $265,000 $545,000 $27,000 $205,000
VA-guaranteed (Veterans Administration) 1 $414,000 $414,000 $414,000 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,695 $445,362,000 $262,000 $1,913,000 $69,000 $1,714,000
Application Approved But Not Accepted 583 $150,599,000 $258,000 $1,500,000 $11,000 $324,000
Application Denied By Financial Institution 348 $95,105,000 $273,000 $1,000,000 $42,000 $955,000
Application Withdrawn By Applicant 179 $47,714,000 $266,000 $1,189,000 $5,000 $282,000
File Closed For Incompleteness 108 $28,446,000 $263,000 $1,080,000 $3,000 $97,000
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 25 $6,863,000 $274,000 $720,000 $77,000 $207,000
Credit History 19 $5,158,000 $271,000 $608,000 $50,000 $165,000
Debt-To-Income Ratio 18 $4,620,000 $256,000 $408,000 $65,000 $108,000
Employment History 15 $3,311,000 $220,000 $495,000 $66,000 $144,000
Other 14 $3,428,000 $244,000 $515,000 $40,000 $101,000
Unverifiable Information 8 $1,871,000 $233,000 $473,000 $66,000 $116,000
Insufficient Cash (Downpayment, Closing Cost) 2 $433,000 $216,000 $250,000 $83,000 $120,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
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