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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 TENNESSEE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO FIN'L TENNESSEE |
| 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 | 408 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $24,963,000 |
| Average Mortgage Loan Amount Applied For | $57,172 |
| Highest Mortgage Loan Amount Applied For | $370,000 |
| Average Applicant Income | $67,948 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
87 | $4,535,000 |
$52,000 | $244,000 |
$66,000 | $194,000 |
| Home Purchase |
6 | $497,000 |
$82,000 | $160,000 |
$65,000 | $120,000 |
| Refinancing |
315 | $19,931,000 |
$63,000 | $370,000 |
$77,000 | $500,000 |
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| American Indian or Alaskan Native |
11 | $860,000 |
$78,000 | $203,000 |
$72,000 | $180,000 |
| Asian |
4 | $316,000 |
$79,000 | $150,000 |
$121,000 | $312,000 |
| Black or African American |
66 | $3,146,000 |
$47,000 | $266,000 |
$58,000 | $142,000 |
| Hispanic |
9 | $506,000 |
$56,000 | $105,000 |
$57,000 | $82,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $20,000 |
$20,000 | $20,000 |
$18,000 | $18,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $1,425,000 |
$71,000 | $233,000 |
$70,000 | $194,000 |
| White |
297 | $18,690,000 |
$62,000 | $370,000 |
$79,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
408 | $24,963,000 |
$61,000 | $370,000 |
$75,000 | $500,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
173 | $9,220,000 |
$53,000 | $362,000 |
$67,000 | $500,000 |
| Application Withdrawn By Applicant |
167 | $11,104,000 |
$66,000 | $370,000 |
$77,000 | $500,000 |
| File Closed For Incompleteness |
20 | $1,388,000 |
$69,000 | $143,000 |
$83,000 | $294,000 |
| Loan Originated |
48 | $3,251,000 |
$67,000 | $173,000 |
$90,000 | $306,000 |
| 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 TENNESSEE by:
Metropolitan Area And
County
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