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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 MINNESOTA
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L MINNESOTA |
| 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 | 6,069 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $827,304,000 |
| Average Mortgage Loan Amount Applied For | $112,030 |
| Highest Mortgage Loan Amount Applied For | $1,815,000 |
| Average Applicant Income | $63,704 |
| Highest Applicant Income | $987,000 |
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| Home Improvement |
886 | $81,303,000 |
$91,000 | $700,000 |
$70,000 | $456,000 |
| Home Purchase |
86 | $8,972,000 |
$104,000 | $500,000 |
$69,000 | $817,000 |
| Refinancing |
5,097 | $737,029,000 |
$144,000 | $1,815,000 |
$72,000 | $987,000 |
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| American Indian or Alaskan Native |
91 | $13,449,000 |
$147,000 | $1,085,000 |
$77,000 | $987,000 |
| Asian |
135 | $20,057,000 |
$148,000 | $680,000 |
$79,000 | $817,000 |
| Black or African American |
262 | $38,690,000 |
$147,000 | $762,000 |
$68,000 | $275,000 |
| Hispanic |
194 | $23,995,000 |
$123,000 | $850,000 |
$66,000 | $980,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $2,836,000 |
$149,000 | $340,000 |
$70,000 | $109,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
399 | $51,686,000 |
$129,000 | $1,000,000 |
$76,000 | $870,000 |
| White |
4,969 | $676,591,000 |
$136,000 | $1,815,000 |
$71,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,069 | $827,304,000 |
$136,000 | $1,815,000 |
$71,000 | $987,000 |
| 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 |
33 | $5,049,000 |
$153,000 | $337,000 |
$69,000 | $214,000 |
| Application Denied By Financial Institution |
2,753 | $360,649,000 |
$131,000 | $1,815,000 |
$66,000 | $980,000 |
| Application Withdrawn By Applicant |
1,919 | $253,804,000 |
$132,000 | $1,000,000 |
$76,000 | $500,000 |
| File Closed For Incompleteness |
205 | $28,720,000 |
$140,000 | $800,000 |
$75,000 | $817,000 |
| Loan Originated |
1,159 | $179,082,000 |
$154,000 | $1,085,000 |
$74,000 | $987,000 |
| 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 MINNESOTA by:
Metropolitan Area And
County
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