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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 CRED SERV NY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L CRED SERV NY |
| 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 | 6,736 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,230,481,000 |
| Average Mortgage Loan Amount Applied For | $136,400 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $71,750 |
| Highest Applicant Income | $2,400,000 |
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| Home Improvement |
1,465 | $283,069,000 |
$193,000 | $1,178,000 |
$82,000 | $816,000 |
| Home Purchase |
125 | $20,575,000 |
$164,000 | $700,000 |
$75,000 | $281,000 |
| Refinancing |
5,146 | $926,837,000 |
$180,000 | $1,950,000 |
$77,000 | $2,400,000 |
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| American Indian or Alaskan Native |
81 | $14,824,000 |
$183,000 | $775,000 |
$79,000 | $300,000 |
| Asian |
162 | $39,802,000 |
$245,000 | $789,000 |
$94,000 | $368,000 |
| Black or African American |
1,399 | $317,548,000 |
$226,000 | $1,130,000 |
$77,000 | $804,000 |
| Hispanic |
577 | $134,871,000 |
$233,000 | $1,170,000 |
$82,000 | $816,000 |
| Native Hawaiin or Other Pacific Islander |
20 | $5,180,000 |
$259,000 | $800,000 |
$86,000 | $160,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
371 | $74,249,000 |
$200,000 | $1,178,000 |
$85,000 | $500,000 |
| White |
4,126 | $644,007,000 |
$156,000 | $1,950,000 |
$76,000 | $2,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,736 | $1,230,481,000 |
$182,000 | $1,950,000 |
$78,000 | $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 |
20 | $3,450,000 |
$172,000 | $542,000 |
$95,000 | $416,000 |
| Application Denied By Financial Institution |
2,761 | $505,986,000 |
$183,000 | $1,178,000 |
$70,000 | $804,000 |
| Application Withdrawn By Applicant |
2,422 | $430,584,000 |
$177,000 | $1,950,000 |
$85,000 | $2,400,000 |
| File Closed For Incompleteness |
299 | $53,180,000 |
$177,000 | $900,000 |
$83,000 | $996,000 |
| Loan Originated |
1,234 | $237,281,000 |
$192,000 | $832,000 |
$78,000 | $368,000 |
| 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 CRED SERV NY by:
Metropolitan Area And
County
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