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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 MICHIGAN
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L MICHIGAN |
| Address | 800 WALNUT STREET, CATHY LEAF, F4031-061
DES MOINES, IA 50309 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 677 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,932,000 |
| Average Mortgage Loan Amount Applied For | $61,350 |
| Highest Mortgage Loan Amount Applied For | $537,000 |
| Average Applicant Income | $62,771 |
| Highest Applicant Income | $781,000 |
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| Home Improvement |
104 | $6,803,000 |
$65,000 | $240,000 |
$65,000 | $384,000 |
| Home Purchase |
4 | $357,000 |
$89,000 | $172,000 |
$71,000 | $119,000 |
| Refinancing |
569 | $38,772,000 |
$68,000 | $537,000 |
$80,000 | $781,000 |
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| American Indian or Alaskan Native |
7 | $1,142,000 |
$163,000 | $537,000 |
$153,000 | $420,000 |
| Asian |
11 | $608,000 |
$55,000 | $99,000 |
$97,000 | $198,000 |
| Black or African American |
92 | $5,542,000 |
$60,000 | $300,000 |
$70,000 | $300,000 |
| Hispanic |
16 | $864,000 |
$54,000 | $263,000 |
$58,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
50 | $3,168,000 |
$63,000 | $294,000 |
$63,000 | $167,000 |
| White |
501 | $34,608,000 |
$69,000 | $381,000 |
$79,000 | $781,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
677 | $45,932,000 |
$67,000 | $537,000 |
$77,000 | $781,000 |
| 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 |
2 | $175,000 |
$87,000 | $115,000 |
$132,000 | $134,000 |
| Application Denied By Financial Institution |
353 | $25,053,000 |
$70,000 | $537,000 |
$74,000 | $781,000 |
| Application Withdrawn By Applicant |
218 | $13,471,000 |
$61,000 | $253,000 |
$78,000 | $295,000 |
| File Closed For Incompleteness |
56 | $4,222,000 |
$75,000 | $271,000 |
$78,000 | $276,000 |
| Loan Originated |
48 | $3,011,000 |
$62,000 | $143,000 |
$93,000 | $170,000 |
| 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 MICHIGAN by:
Metropolitan Area And
County
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