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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 CALIFORNIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L CALIFORNIA |
| 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 | 37,113 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,961,406,000 |
| Average Mortgage Loan Amount Applied For | $118,966 |
| Highest Mortgage Loan Amount Applied For | $3,100,000 |
| Average Applicant Income | $103,136 |
| Highest Applicant Income | $2,400,000 |
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| Home Improvement |
13,271 | $1,752,934,000 |
$132,000 | $2,000,000 |
$83,000 | $2,400,000 |
| Home Purchase |
544 | $95,978,000 |
$176,000 | $3,000,000 |
$92,000 | $1,017,000 |
| Refinancing |
23,298 | $6,112,494,000 |
$262,000 | $3,100,000 |
$86,000 | $2,042,000 |
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| American Indian or Alaskan Native |
587 | $115,250,000 |
$196,000 | $814,000 |
$83,000 | $672,000 |
| Asian |
2,517 | $599,811,000 |
$238,000 | $3,000,000 |
$104,000 | $1,017,000 |
| Black or African American |
3,421 | $751,020,000 |
$219,000 | $3,100,000 |
$83,000 | $1,380,000 |
| Hispanic |
12,619 | $2,493,160,000 |
$197,000 | $2,000,000 |
$71,000 | $2,400,000 |
| Native Hawaiin or Other Pacific Islander |
757 | $212,475,000 |
$280,000 | $1,000,000 |
$95,000 | $756,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,002 | $639,573,000 |
$213,000 | $1,500,000 |
$93,000 | $1,392,000 |
| White |
14,210 | $3,150,117,000 |
$221,000 | $2,000,000 |
$92,000 | $2,042,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
37,113 | $7,961,406,000 |
$214,000 | $3,100,000 |
$85,000 | $2,400,000 |
| 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 |
156 | $41,204,000 |
$264,000 | $1,067,000 |
$87,000 | $212,000 |
| Application Denied By Financial Institution |
16,198 | $3,378,068,000 |
$208,000 | $3,100,000 |
$80,000 | $1,200,000 |
| Application Withdrawn By Applicant |
13,554 | $2,767,761,000 |
$204,000 | $3,000,000 |
$91,000 | $2,400,000 |
| File Closed For Incompleteness |
1,987 | $457,806,000 |
$230,000 | $1,640,000 |
$94,000 | $1,380,000 |
| Loan Originated |
5,218 | $1,316,567,000 |
$252,000 | $1,147,000 |
$82,000 | $1,972,000 |
| 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 CALIFORNIA by:
Metropolitan Area And
County
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