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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 RHODE ISLAND
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L RHODE ISLAND |
| 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 | 855 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $156,505,000 |
| Average Mortgage Loan Amount Applied For | $185,500 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $108,875 |
| Highest Applicant Income | $509,000 |
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| Home Improvement |
132 | $24,211,000 |
$183,000 | $550,000 |
$77,000 | $300,000 |
| Home Purchase |
4 | $270,000 |
$67,000 | $100,000 |
$58,000 | $107,000 |
| Refinancing |
719 | $132,024,000 |
$183,000 | $1,000,000 |
$74,000 | $509,000 |
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| American Indian or Alaskan Native |
14 | $3,050,000 |
$217,000 | $500,000 |
$98,000 | $440,000 |
| Asian |
7 | $826,000 |
$118,000 | $240,000 |
$55,000 | $110,000 |
| Black or African American |
51 | $9,092,000 |
$178,000 | $390,000 |
$66,000 | $151,000 |
| Hispanic |
50 | $8,794,000 |
$175,000 | $330,000 |
$62,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $200,000 |
$200,000 | $200,000 |
$110,000 | $110,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
28 | $4,633,000 |
$165,000 | $301,000 |
$73,000 | $204,000 |
| White |
704 | $129,910,000 |
$184,000 | $1,000,000 |
$75,000 | $509,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
855 | $156,505,000 |
$183,000 | $1,000,000 |
$74,000 | $509,000 |
| 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 |
6 | $1,326,000 |
$221,000 | $312,000 |
$69,000 | $124,000 |
| Application Denied By Financial Institution |
299 | $59,005,000 |
$197,000 | $1,000,000 |
$71,000 | $509,000 |
| Application Withdrawn By Applicant |
331 | $55,072,000 |
$166,000 | $630,000 |
$77,000 | $300,000 |
| File Closed For Incompleteness |
65 | $11,453,000 |
$176,000 | $510,000 |
$86,000 | $440,000 |
| Loan Originated |
154 | $29,649,000 |
$192,000 | $666,000 |
$69,000 | $356,000 |
| 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 RHODE ISLAND by:
Metropolitan Area And
County
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