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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 MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WACHOVIA MORTGAGE |
| Address | 301 SOUTH COLLEGE STREET
CHARLOTTE, NC 28202 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 146,381 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,927,164,000 |
| Average Mortgage Loan Amount Applied For | $133,789 |
| Highest Mortgage Loan Amount Applied For | $13,250,000 |
| Average Applicant Income | $72,169 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
1,931 | $459,621,000 |
$238,000 | $2,000,000 |
$107,000 | $3,180,000 |
| Home Purchase |
62,646 | $13,419,483,000 |
$214,000 | $13,250,000 |
$98,000 | $9,999,000 |
| Refinancing |
81,804 | $15,048,060,000 |
$183,000 | $5,500,000 |
$86,000 | $9,999,000 |
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| American Indian or Alaskan Native |
315 | $58,759,000 |
$186,000 | $1,480,000 |
$81,000 | $2,461,000 |
| Asian |
3,157 | $829,944,000 |
$262,000 | $2,250,000 |
$103,000 | $1,868,000 |
| Black or African American |
11,573 | $1,950,516,000 |
$168,000 | $2,120,000 |
$68,000 | $4,800,000 |
| Hispanic |
9,649 | $2,054,093,000 |
$212,000 | $3,600,000 |
$80,000 | $5,046,000 |
| Native Hawaiin or Other Pacific Islander |
349 | $78,638,000 |
$225,000 | $1,276,000 |
$93,000 | $1,200,000 |
| Not applicable |
5,073 | $679,584,000 |
$133,000 | $690,000 |
$0 | $240,000 |
| Not Provided |
37,229 | $6,494,216,000 |
$174,000 | $6,000,000 |
$95,000 | $9,999,000 |
| White |
79,036 | $16,781,414,000 |
$212,000 | $13,250,000 |
$101,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
140,916 | $28,112,293,000 |
$199,000 | $13,250,000 |
$93,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
3,710 | $513,891,000 |
$138,000 | $471,000 |
$53,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $34,000 |
$6,000 | $10,000 |
$45,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
1,750 | $300,946,000 |
$171,000 | $439,000 |
$61,000 | $286,000 |
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| Application Approved But Not Accepted |
29,490 | $4,976,001,000 |
$168,000 | $3,600,000 |
$95,000 | $8,859,000 |
| Application Denied By Financial Institution |
20,716 | $3,867,332,000 |
$186,000 | $13,250,000 |
$78,000 | $9,999,000 |
| Application Withdrawn By Applicant |
4,612 | $1,106,020,000 |
$239,000 | $3,400,000 |
$121,000 | $9,999,000 |
| File Closed For Incompleteness |
3,122 | $877,253,000 |
$280,000 | $2,800,000 |
$110,000 | $4,800,000 |
| Loan Originated |
83,369 | $17,421,172,000 |
$208,000 | $3,500,000 |
$97,000 | $9,999,000 |
| Loan Purchased By The Institution |
5,072 | $679,386,000 |
$133,000 | $690,000 |
$0 | $240,000 |
| 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 |
2,954 | $571,726,000 |
$193,000 | $3,000,000 |
$92,000 | $1,350,000 |
| Credit Application Incomplete |
72 | $13,331,000 |
$185,000 | $1,117,000 |
$176,000 | $1,620,000 |
| Credit History |
7,605 | $1,240,647,000 |
$163,000 | $13,250,000 |
$68,000 | $9,999,000 |
| Debt-To-Income Ratio |
6,774 | $1,244,114,000 |
$183,000 | $6,000,000 |
$63,000 | $1,248,000 |
| Employment History |
351 | $75,891,000 |
$216,000 | $1,890,000 |
$85,000 | $2,008,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
558 | $139,372,000 |
$249,000 | $3,000,000 |
$93,000 | $1,461,000 |
| Mortgage Insurance Denied |
3 | $346,000 |
$115,000 | $156,000 |
$81,000 | $105,000 |
| Other |
1,818 | $449,561,000 |
$247,000 | $5,500,000 |
$130,000 | $2,008,000 |
| Unverifiable Information |
581 | $132,344,000 |
$227,000 | $1,493,000 |
$126,000 | $1,960,000 |
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Mortgage Loan App Totals for WACHOVIA MORTGAGE by:
Metropolitan Area And
County
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