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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 FIN'L ALASKA, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L ALASKA, 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 | 3,423 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $452,982,000 |
| Average Mortgage Loan Amount Applied For | $98,333 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $72,870 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
742 | $44,699,000 |
$60,000 | $505,000 |
$69,000 | $1,200,000 |
| Home Purchase |
24 | $1,959,000 |
$81,000 | $200,000 |
$62,000 | $163,000 |
| Refinancing |
2,657 | $406,324,000 |
$152,000 | $750,000 |
$77,000 | $554,000 |
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| American Indian or Alaskan Native |
397 | $40,867,000 |
$102,000 | $471,000 |
$61,000 | $195,000 |
| Asian |
124 | $18,341,000 |
$147,000 | $750,000 |
$74,000 | $205,000 |
| Black or African American |
161 | $22,704,000 |
$141,000 | $450,000 |
$77,000 | $299,000 |
| Hispanic |
97 | $13,059,000 |
$134,000 | $395,000 |
$79,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
48 | $6,820,000 |
$142,000 | $433,000 |
$72,000 | $149,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
471 | $60,065,000 |
$127,000 | $385,000 |
$78,000 | $222,000 |
| White |
2,125 | $291,126,000 |
$137,000 | $750,000 |
$77,000 | $554,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,423 | $452,982,000 |
$132,000 | $750,000 |
$75,000 | $1,200,000 |
| 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 |
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| Application Approved But Not Accepted |
9 | $1,120,000 |
$124,000 | $250,000 |
$69,000 | $170,000 |
| Application Denied By Financial Institution |
1,345 | $160,220,000 |
$119,000 | $600,000 |
$69,000 | $1,200,000 |
| Application Withdrawn By Applicant |
1,311 | $174,313,000 |
$132,000 | $750,000 |
$81,000 | $554,000 |
| File Closed For Incompleteness |
213 | $33,052,000 |
$155,000 | $700,000 |
$84,000 | $269,000 |
| Loan Originated |
545 | $84,277,000 |
$154,000 | $750,000 |
$76,000 | $360,000 |
| 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 |
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| 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 |
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Mortgage Loan App Totals for WELLS FARGO FIN'L ALASKA, INC by:
Metropolitan Area And
County
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