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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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WACHOVIA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
WACHOVIA BANK |
| Address | 301 SOUTH COLLEGE ST
CHARLOTTE, NC 28202 |
| 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 | 257,350 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,060,639,000 |
| Average Mortgage Loan Amount Applied For | $215,850 |
| Highest Mortgage Loan Amount Applied For | $80,000,000 |
| Average Applicant Income | $72,410 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
37,667 | $2,080,306,000 |
$55,000 | $26,700,000 |
$94,000 | $5,260,000 |
| Home Purchase |
42,185 | $10,159,919,000 |
$240,000 | $80,000,000 |
$88,000 | $9,999,000 |
| Refinancing |
177,498 | $23,820,414,000 |
$134,000 | $61,000,000 |
$99,000 | $9,999,000 |
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| American Indian or Alaskan Native |
3,235 | $400,732,000 |
$123,000 | $1,500,000 |
$124,000 | $2,981,000 |
| Asian |
6,064 | $850,341,000 |
$140,000 | $1,658,000 |
$130,000 | $9,713,000 |
| Black or African American |
31,638 | $2,861,908,000 |
$90,000 | $3,200,000 |
$78,000 | $6,281,000 |
| Hispanic |
23,134 | $2,679,972,000 |
$115,000 | $12,220,000 |
$98,000 | $7,500,000 |
| Native Hawaiin or Other Pacific Islander |
924 | $114,822,000 |
$124,000 | $1,800,000 |
$112,000 | $917,000 |
| Not applicable |
18,779 | $9,902,779,000 |
$527,000 | $80,000,000 |
$0 | $1,875,000 |
| Not Provided |
21,035 | $2,517,923,000 |
$119,000 | $9,050,000 |
$119,000 | $9,999,000 |
| White |
152,541 | $16,732,162,000 |
$109,000 | $13,250,000 |
$107,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
257,336 | $36,059,180,000 |
$140,000 | $80,000,000 |
$96,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
11 | $1,101,000 |
$100,000 | $128,000 |
$23,000 | $54,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $358,000 |
$119,000 | $135,000 |
$55,000 | $76,000 |
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| Application Approved But Not Accepted |
60,872 | $7,047,670,000 |
$115,000 | $26,700,000 |
$114,000 | $9,999,000 |
| Application Denied By Financial Institution |
60,195 | $6,396,009,000 |
$106,000 | $13,250,000 |
$81,000 | $9,973,000 |
| Application Withdrawn By Applicant |
187 | $67,027,000 |
$358,000 | $5,840,000 |
$64,000 | $1,417,000 |
| File Closed For Incompleteness |
87 | $8,703,000 |
$100,000 | $800,000 |
$80,000 | $450,000 |
| Loan Originated |
117,914 | $16,420,243,000 |
$139,000 | $80,000,000 |
$110,000 | $9,999,000 |
| Loan Purchased By The Institution |
18,095 | $6,120,987,000 |
$338,000 | $3,000,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
10,819 | $1,232,808,000 |
$113,000 | $7,200,000 |
$116,000 | $5,019,000 |
| Credit Application Incomplete |
7 | $5,050,000 |
$721,000 | $2,193,000 |
$271,000 | $1,897,000 |
| Credit History |
30,291 | $2,538,080,000 |
$83,000 | $13,250,000 |
$70,000 | $9,973,000 |
| Debt-To-Income Ratio |
17,774 | $2,306,716,000 |
$129,000 | $6,000,000 |
$69,000 | $1,248,000 |
| Employment History |
4 | $630,000 |
$157,000 | $180,000 |
$63,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
19 | $12,385,000 |
$651,000 | $3,000,000 |
$136,000 | $1,461,000 |
| Mortgage Insurance Denied |
1 | $90,000 |
$90,000 | $90,000 |
$101,000 | $101,000 |
| Other |
1,167 | $283,908,000 |
$243,000 | $5,500,000 |
$202,000 | $3,696,000 |
| Unverifiable Information |
113 | $16,342,000 |
$144,000 | $1,000,000 |
$103,000 | $650,000 |
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Mortgage Loan App Totals for WACHOVIA BANK by:
Metropolitan Area And
County
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