PERTH AMBOY, N.J. -- Margaretten Financial Corp. reported record loan applications of $1.6 billion for September, a 51% increase over the $1.1 billion received in September 1992, and up 35% since August 1993.

About two-thirds were retail applications. Refinancings accounted for 56% of total retail applications, compared with 49% in September 1992.

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