|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
WELLS FARGO FIN'L ALABAMA, INC
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
WELLS FARGO FIN'L ALABAMA, INC |
| Address | 800 WALNUT STREET, CATHY LEAF, F4031-061
DES MOINES, IA 50309 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,680 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $755,237,000 |
| Average Mortgage Loan Amount Applied For | $87,100 |
| Highest Mortgage Loan Amount Applied For | $820,000 |
| Average Applicant Income | $60,444 |
| Highest Applicant Income | $948,000 |
|
|
|
| Home Improvement |
1,618 | $103,780,000 |
$64,000 | $676,000 |
$56,000 | $948,000 |
| Home Purchase |
27 | $2,492,000 |
$92,000 | $400,000 |
$64,000 | $389,000 |
| Refinancing |
6,035 | $648,965,000 |
$107,000 | $820,000 |
$59,000 | $690,000 |
|
|
| American Indian or Alaskan Native |
117 | $9,632,000 |
$82,000 | $280,000 |
$58,000 | $150,000 |
| Asian |
46 | $4,645,000 |
$100,000 | $275,000 |
$65,000 | $195,000 |
| Black or African American |
2,997 | $264,791,000 |
$88,000 | $820,000 |
$52,000 | $390,000 |
| Hispanic |
108 | $11,828,000 |
$109,000 | $386,000 |
$57,000 | $204,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $1,216,000 |
$110,000 | $235,000 |
$56,000 | $84,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
119 | $9,206,000 |
$77,000 | $712,000 |
$66,000 | $388,000 |
| White |
4,282 | $453,919,000 |
$106,000 | $765,000 |
$63,000 | $948,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,680 | $755,237,000 |
$98,000 | $820,000 |
$59,000 | $948,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
24 | $2,572,000 |
$107,000 | $315,000 |
$58,000 | $131,000 |
| Application Denied By Financial Institution |
3,513 | $333,949,000 |
$95,000 | $820,000 |
$56,000 | $948,000 |
| Application Withdrawn By Applicant |
2,083 | $206,000,000 |
$98,000 | $747,000 |
$63,000 | $690,000 |
| File Closed For Incompleteness |
423 | $46,574,000 |
$110,000 | $554,000 |
$64,000 | $300,000 |
| Loan Originated |
1,637 | $166,142,000 |
$101,000 | $676,000 |
$58,000 | $254,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for WELLS FARGO FIN'L ALABAMA, INC by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
