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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 MEXICO
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L NEW MEXICO |
| 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 | 5,486 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $560,902,000 |
| Average Mortgage Loan Amount Applied For | $81,193 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $59,112 |
| Highest Applicant Income | $1,532,000 |
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| Home Improvement |
1,379 | $75,106,000 |
$54,000 | $656,000 |
$53,000 | $1,225,000 |
| Home Purchase |
55 | $4,470,000 |
$81,000 | $275,000 |
$80,000 | $1,532,000 |
| Refinancing |
4,052 | $481,326,000 |
$118,000 | $750,000 |
$60,000 | $1,527,000 |
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| American Indian or Alaskan Native |
203 | $18,023,000 |
$88,000 | $366,000 |
$59,000 | $210,000 |
| Asian |
37 | $3,468,000 |
$93,000 | $500,000 |
$69,000 | $242,000 |
| Black or African American |
125 | $14,223,000 |
$113,000 | $550,000 |
$70,000 | $1,527,000 |
| Hispanic |
2,835 | $274,655,000 |
$96,000 | $630,000 |
$54,000 | $1,225,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $945,000 |
$85,000 | $245,000 |
$59,000 | $100,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
199 | $14,152,000 |
$71,000 | $535,000 |
$58,000 | $1,200,000 |
| White |
2,076 | $235,436,000 |
$113,000 | $750,000 |
$65,000 | $1,532,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,486 | $560,902,000 |
$102,000 | $750,000 |
$59,000 | $1,532,000 |
| 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 |
13 | $1,766,000 |
$135,000 | $338,000 |
$69,000 | $142,000 |
| Application Denied By Financial Institution |
2,596 | $254,935,000 |
$98,000 | $750,000 |
$55,000 | $1,532,000 |
| Application Withdrawn By Applicant |
1,595 | $153,458,000 |
$96,000 | $600,000 |
$63,000 | $1,200,000 |
| File Closed For Incompleteness |
341 | $34,258,000 |
$100,000 | $600,000 |
$60,000 | $252,000 |
| Loan Originated |
941 | $116,485,000 |
$123,000 | $739,000 |
$62,000 | $283,000 |
| 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 MEXICO by:
Metropolitan Area And
County
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