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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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WELLS FARGO FIN'L IOWA 3, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L IOWA 3, INC |
| Address | 800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309 |
| Agency | Federal Reserve System (FRS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 5,168 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $483,555,000 |
| Average Mortgage Loan Amount Applied For | $88,405 |
| Highest Mortgage Loan Amount Applied For | $1,235,000 |
| Average Applicant Income | $60,006 |
| Highest Applicant Income | $715,000 |
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| Home Improvement |
1,214 | $54,436,000 |
$44,000 | $348,000 |
$56,000 | $715,000 |
| Home Purchase |
31 | $2,214,000 |
$71,000 | $263,000 |
$57,000 | $150,000 |
| Refinancing |
3,923 | $426,905,000 |
$108,000 | $1,235,000 |
$63,000 | $712,000 |
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| American Indian or Alaskan Native |
64 | $5,508,000 |
$86,000 | $254,000 |
$59,000 | $162,000 |
| Asian |
70 | $5,506,000 |
$78,000 | $398,000 |
$60,000 | $291,000 |
| Black or African American |
161 | $11,855,000 |
$73,000 | $343,000 |
$56,000 | $191,000 |
| Hispanic |
176 | $11,593,000 |
$65,000 | $290,000 |
$50,000 | $227,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $312,000 |
$52,000 | $112,000 |
$69,000 | $95,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
131 | $9,342,000 |
$71,000 | $348,000 |
$64,000 | $712,000 |
| White |
4,560 | $439,439,000 |
$96,000 | $1,235,000 |
$62,000 | $715,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,168 | $483,555,000 |
$93,000 | $1,235,000 |
$61,000 | $715,000 |
| 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 |
15 | $1,264,000 |
$84,000 | $251,000 |
$56,000 | $175,000 |
| Application Denied By Financial Institution |
2,185 | $195,221,000 |
$89,000 | $1,235,000 |
$55,000 | $511,000 |
| Application Withdrawn By Applicant |
1,514 | $132,949,000 |
$87,000 | $957,000 |
$67,000 | $715,000 |
| File Closed For Incompleteness |
332 | $28,256,000 |
$85,000 | $480,000 |
$64,000 | $560,000 |
| Loan Originated |
1,122 | $125,865,000 |
$112,000 | $514,000 |
$65,000 | $450,000 |
| 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 IOWA 3, INC by:
Metropolitan Area And
County
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