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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 SYS VIRGINIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L SYS VIRGINIA |
| 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 | 5,707 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $875,119,000 |
| Average Mortgage Loan Amount Applied For | $118,185 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $69,688 |
| Highest Applicant Income | $1,677,000 |
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| Home Improvement |
2,403 | $275,738,000 |
$114,000 | $910,000 |
$74,000 | $1,677,000 |
| Home Purchase |
31 | $3,769,000 |
$121,000 | $415,000 |
$72,000 | $150,000 |
| Refinancing |
3,273 | $595,612,000 |
$181,000 | $1,100,000 |
$74,000 | $900,000 |
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| American Indian or Alaskan Native |
87 | $12,300,000 |
$141,000 | $732,000 |
$66,000 | $233,000 |
| Asian |
145 | $32,143,000 |
$221,000 | $1,100,000 |
$89,000 | $360,000 |
| Black or African American |
1,757 | $255,980,000 |
$145,000 | $900,000 |
$66,000 | $612,000 |
| Hispanic |
253 | $43,563,000 |
$172,000 | $720,000 |
$76,000 | $350,000 |
| Native Hawaiin or Other Pacific Islander |
15 | $2,545,000 |
$169,000 | $470,000 |
$82,000 | $169,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
228 | $29,562,000 |
$129,000 | $699,000 |
$83,000 | $758,000 |
| White |
3,222 | $499,026,000 |
$154,000 | $1,000,000 |
$77,000 | $1,677,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,707 | $875,119,000 |
$153,000 | $1,100,000 |
$74,000 | $1,677,000 |
| 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 |
23 | $4,413,000 |
$191,000 | $380,000 |
$66,000 | $140,000 |
| Application Denied By Financial Institution |
2,263 | $312,280,000 |
$137,000 | $1,100,000 |
$68,000 | $1,677,000 |
| Application Withdrawn By Applicant |
2,063 | $327,422,000 |
$158,000 | $1,100,000 |
$82,000 | $900,000 |
| File Closed For Incompleteness |
320 | $54,652,000 |
$170,000 | $800,000 |
$79,000 | $651,000 |
| Loan Originated |
1,038 | $176,352,000 |
$169,000 | $732,000 |
$72,000 | $291,000 |
| 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 SYS VIRGINIA by:
Metropolitan Area And
County
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