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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 NEW JERSEY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L NEW JERSEY |
| Address | 800 WALNUT STREET, CATHY LEAF, F4031-061
DES MOINES, IA 50309 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,282 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $818,890,000 |
| Average Mortgage Loan Amount Applied For | $182,200 |
| Highest Mortgage Loan Amount Applied For | $1,250,000 |
| Average Applicant Income | $80,560 |
| Highest Applicant Income | $953,000 |
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| Home Improvement |
745 | $138,811,000 |
$186,000 | $700,000 |
$86,000 | $432,000 |
| Home Purchase |
75 | $11,368,000 |
$151,000 | $700,000 |
$99,000 | $500,000 |
| Refinancing |
3,462 | $668,711,000 |
$193,000 | $1,250,000 |
$85,000 | $953,000 |
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| American Indian or Alaskan Native |
49 | $10,266,000 |
$209,000 | $550,000 |
$76,000 | $175,000 |
| Asian |
149 | $33,621,000 |
$225,000 | $797,000 |
$106,000 | $280,000 |
| Black or African American |
1,015 | $186,156,000 |
$183,000 | $800,000 |
$78,000 | $714,000 |
| Hispanic |
539 | $108,122,000 |
$200,000 | $820,000 |
$79,000 | $400,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $4,240,000 |
$201,000 | $489,000 |
$97,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
237 | $41,981,000 |
$177,000 | $840,000 |
$84,000 | $235,000 |
| White |
2,272 | $434,504,000 |
$191,000 | $1,250,000 |
$89,000 | $953,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,282 | $818,890,000 |
$191,000 | $1,250,000 |
$85,000 | $953,000 |
| 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 |
9 | $1,593,000 |
$177,000 | $273,000 |
$109,000 | $314,000 |
| Application Denied By Financial Institution |
1,803 | $362,791,000 |
$201,000 | $1,250,000 |
$81,000 | $897,000 |
| Application Withdrawn By Applicant |
1,452 | $259,036,000 |
$178,000 | $1,037,000 |
$90,000 | $715,000 |
| File Closed For Incompleteness |
139 | $25,958,000 |
$186,000 | $700,000 |
$89,000 | $500,000 |
| Loan Originated |
879 | $169,512,000 |
$192,000 | $682,000 |
$85,000 | $953,000 |
| 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 NEW JERSEY by:
Metropolitan Area And
County
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