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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 HOME MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WELLS FARGO HOME MORTGAGE |
| Address | 1 Home Campus, X9902-1R
Des Moines, IA 50328 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,225,679 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $391,039,904,000 |
| Average Mortgage Loan Amount Applied For | $106,415 |
| Highest Mortgage Loan Amount Applied For | $83,836,000 |
| Average Applicant Income | $52,748 |
| Highest Applicant Income | $9,646,000 |
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| Home Improvement (one-to-four family) |
11 | $2,507,000 |
$225,857 | $690,000 |
$128,714 | $542,000 |
| Home Purchase (one-to-four family) |
541,064 | $100,638,011,000 |
$164,245 | $83,836,000 |
$64,641 | $9,103,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,684,816 | $290,429,129,000 |
$144,490 | $10,000,000 |
$53,716 | $9,646,000 |
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| American Indian or Alaskan Native |
7,838 | $1,216,167,000 |
$131,750 | $2,750,000 |
$57,326 | $2,400,000 |
| Asian or Pacific Islander |
103,499 | $25,931,349,000 |
$167,692 | $8,560,000 |
$72,250 | $8,300,000 |
| Black |
106,440 | $15,169,593,000 |
$133,905 | $9,000,000 |
$54,226 | $6,473,000 |
| Hispanic |
146,606 | $21,815,400,000 |
$132,037 | $6,879,000 |
$51,056 | $9,455,000 |
| Information not provided by applicant in mail or telephone application |
195,198 | $38,374,206,000 |
$160,867 | $9,308,000 |
$60,169 | $8,050,000 |
| Not applicable |
243 | $29,965,000 |
$138,000 | $650,000 |
$41,538 | $235,000 |
| Other |
41,703 | $7,537,995,000 |
$153,622 | $2,340,000 |
$75,566 | $5,240,000 |
| White |
1,624,364 | $280,994,972,000 |
$153,509 | $83,836,000 |
$60,132 | $9,646,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,002,594 | $362,274,249,000 |
$152,603 | $10,000,000 |
$68,735 | $9,646,000 |
| FHA-insured (Federal Housing Administration) |
159,449 | $20,159,904,000 |
$120,830 | $83,836,000 |
$33,754 | $7,181,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1,258 | $126,549,000 |
$102,844 | $348,000 |
$38,977 | $129,000 |
| VA-guaranteed (Veterans Administration) |
62,590 | $8,508,945,000 |
$133,519 | $1,568,000 |
$36,750 | $6,473,000 |
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| Application Approved But Not Accepted |
225,168 | $41,404,559,000 |
$150,660 | $9,308,000 |
$56,433 | $7,385,000 |
| Application Denied By Financial Institution |
146,293 | $25,567,182,000 |
$147,981 | $83,836,000 |
$58,490 | $8,316,000 |
| Application Withdrawn By Applicant |
57,582 | $11,353,909,000 |
$159,716 | $6,600,000 |
$58,773 | $9,600,000 |
| File Closed For Incompleteness |
11,380 | $2,273,734,000 |
$153,056 | $4,200,000 |
$60,452 | $6,000,000 |
| Loan Originated |
1,739,373 | $304,640,235,000 |
$149,660 | $10,000,000 |
$58,264 | $9,646,000 |
| Loan Purchased By The Institution |
46,095 | $5,830,028,000 |
$146,083 | $1,800,000 |
$84,020 | $1,903,000 |
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| Collateral |
22,015 | $3,444,991,000 |
$140,641 | $3,000,000 |
$66,358 | $7,957,000 |
| Credit Application Incomplete |
15,165 | $3,065,218,000 |
$169,603 | $4,750,000 |
$50,943 | $6,552,000 |
| Credit History |
39,982 | $6,202,591,000 |
$136,962 | $3,500,000 |
$59,150 | $6,600,000 |
| Debt-To-Income Ratio |
32,808 | $6,225,895,000 |
$156,528 | $6,879,000 |
$49,000 | $6,857,000 |
| Employment History |
7,795 | $1,263,430,000 |
$145,538 | $1,500,000 |
$69,153 | $3,300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3,710 | $638,905,000 |
$142,788 | $3,000,000 |
$54,269 | $1,675,000 |
| Mortgage Insurance Denied |
75 | $9,514,000 |
$115,520 | $448,000 |
$56,560 | $255,000 |
| Other |
18,850 | $3,692,078,000 |
$154,113 | $83,836,000 |
$61,264 | $8,316,000 |
| Unverifiable Information |
5,893 | $1,024,560,000 |
$150,250 | $1,735,000 |
$71,230 | $8,274,000 |
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Mortgage Loan App Totals for WELLS FARGO HOME MORTGAGE by:
Metropolitan Area And
County
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