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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 AMERICA, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L AMERICA, 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 | 7,947 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,213,940,000 |
| Average Mortgage Loan Amount Applied For | $125,935 |
| Highest Mortgage Loan Amount Applied For | $2,326,000 |
| Average Applicant Income | $62,322 |
| Highest Applicant Income | $1,116,000 |
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| Home Improvement |
644 | $101,437,000 |
$157,000 | $2,326,000 |
$74,000 | $502,000 |
| Home Purchase |
31 | $3,398,000 |
$109,000 | $500,000 |
$73,000 | $240,000 |
| Refinancing |
7,272 | $1,109,105,000 |
$152,000 | $1,100,000 |
$69,000 | $1,116,000 |
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| American Indian or Alaskan Native |
95 | $13,057,000 |
$137,000 | $700,000 |
$68,000 | $200,000 |
| Asian |
71 | $11,626,000 |
$163,000 | $417,000 |
$84,000 | $247,000 |
| Black or African American |
1,341 | $167,802,000 |
$125,000 | $782,000 |
$61,000 | $452,000 |
| Hispanic |
308 | $44,088,000 |
$143,000 | $585,000 |
$64,000 | $299,000 |
| Native Hawaiin or Other Pacific Islander |
20 | $3,258,000 |
$162,000 | $410,000 |
$76,000 | $241,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
553 | $94,156,000 |
$170,000 | $1,200,000 |
$77,000 | $810,000 |
| White |
5,559 | $879,953,000 |
$158,000 | $2,326,000 |
$71,000 | $1,116,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,947 | $1,213,940,000 |
$152,000 | $2,326,000 |
$70,000 | $1,116,000 |
| 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 |
16 | $2,326,000 |
$145,000 | $367,000 |
$73,000 | $126,000 |
| Application Denied By Financial Institution |
3,974 | $628,998,000 |
$158,000 | $2,326,000 |
$66,000 | $560,000 |
| Application Withdrawn By Applicant |
2,198 | $324,156,000 |
$147,000 | $930,000 |
$75,000 | $1,116,000 |
| File Closed For Incompleteness |
496 | $74,796,000 |
$150,000 | $730,000 |
$77,000 | $480,000 |
| Loan Originated |
1,263 | $183,664,000 |
$145,000 | $780,000 |
$70,000 | $307,000 |
| 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 AMERICA, INC by:
Metropolitan Area And
County
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