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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.