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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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WELLS FARGO BANK, NA
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO BANK, NA |
| Address | 2801 4TH AVE S, 1ST FLOOR, MAC X9902-01R
MINNEAPOLIS, MN 55408 |
| 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 | 1,257,530 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $266,242,452,000 |
| Average Mortgage Loan Amount Applied For | $119,178 |
| Highest Mortgage Loan Amount Applied For | $99,999,000 |
| Average Applicant Income | $75,338 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
116,037 | $12,679,332,000 |
$109,000 | $30,000,000 |
$88,000 | $9,999,000 |
| Home Purchase |
718,861 | $163,424,125,000 |
$227,000 | $99,999,000 |
$115,000 | $9,999,000 |
| Refinancing |
448,044 | $95,670,459,000 |
$213,000 | $50,490,000 |
$98,000 | $9,999,000 |
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| American Indian or Alaskan Native |
6,507 | $1,088,724,000 |
$167,000 | $4,100,000 |
$97,000 | $6,000,000 |
| Asian |
62,095 | $19,099,393,000 |
$307,000 | $4,900,000 |
$133,000 | $6,892,000 |
| Black or African American |
99,581 | $16,458,787,000 |
$165,000 | $4,000,000 |
$77,000 | $9,999,000 |
| Hispanic |
127,113 | $23,723,266,000 |
$186,000 | $3,710,000 |
$83,000 | $9,999,000 |
| Native Hawaiin or Other Pacific Islander |
5,825 | $1,469,436,000 |
$252,000 | $2,438,000 |
$112,000 | $9,999,000 |
| Not applicable |
2,530 | $1,792,305,000 |
$708,000 | $50,490,000 |
$10,000 | $9,999,000 |
| Not Provided |
132,250 | $27,826,845,000 |
$210,000 | $6,475,000 |
$111,000 | $8,565,000 |
| White |
847,041 | $180,315,160,000 |
$212,000 | $99,999,000 |
$112,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,196,383 | $258,953,576,000 |
$216,000 | $99,999,000 |
$110,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
64,188 | $8,845,028,000 |
$137,000 | $28,690,000 |
$52,000 | $1,620,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
999 | $111,313,000 |
$111,000 | $335,000 |
$40,000 | $119,000 |
| VA-guaranteed (Veterans Administration) |
21,372 | $3,863,999,000 |
$180,000 | $625,000 |
$60,000 | $366,000 |
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| Application Approved But Not Accepted |
174,521 | $36,426,662,000 |
$208,000 | $12,561,000 |
$110,000 | $9,999,000 |
| Application Denied By Financial Institution |
182,598 | $27,830,182,000 |
$152,000 | $99,999,000 |
$82,000 | $9,999,000 |
| Application Withdrawn By Applicant |
54,764 | $12,443,047,000 |
$227,000 | $45,000,000 |
$111,000 | $6,000,000 |
| File Closed For Incompleteness |
3,381 | $815,832,000 |
$241,000 | $5,000,000 |
$105,000 | $4,152,000 |
| Loan Originated |
742,333 | $164,470,884,000 |
$221,000 | $50,490,000 |
$114,000 | $9,999,000 |
| Loan Purchased By The Institution |
99,950 | $24,260,735,000 |
$242,000 | $28,690,000 |
$100,000 | $9,999,000 |
| Preapproval Approved but not Accepted |
9,858 | $2,684,192,000 |
$272,000 | $3,600,000 |
$106,000 | $3,175,000 |
| Preapproval Denied by Financial Institution |
15,537 | $2,842,382,000 |
$182,000 | $3,575,000 |
$64,000 | $1,398,000 |
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| Collateral |
32,152 | $5,272,598,000 |
$163,000 | $4,000,000 |
$93,000 | $4,330,000 |
| Credit Application Incomplete |
18,559 | $4,193,755,000 |
$225,000 | $5,400,000 |
$96,000 | $6,000,000 |
| Credit History |
74,679 | $7,169,769,000 |
$96,000 | $99,999,000 |
$68,000 | $9,999,000 |
| Debt-To-Income Ratio |
33,426 | $6,093,022,000 |
$182,000 | $11,118,000 |
$60,000 | $6,451,000 |
| Employment History |
2,605 | $434,982,000 |
$166,000 | $1,625,000 |
$70,000 | $1,196,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4,302 | $1,066,752,000 |
$247,000 | $4,500,000 |
$98,000 | $4,004,000 |
| Mortgage Insurance Denied |
15 | $9,894,000 |
$659,000 | $6,251,000 |
$70,000 | $240,000 |
| Other |
22,760 | $4,230,675,000 |
$185,000 | $25,000,000 |
$105,000 | $9,999,000 |
| Unverifiable Information |
9,637 | $2,201,117,000 |
$228,000 | $3,705,000 |
$110,000 | $5,640,000 |
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Mortgage Loan App Totals for WELLS FARGO BANK, NA by:
Metropolitan Area And
County
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