Lake and Peninsula, AK Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 31 mortgage applications in Lake and Peninsula, AK totaling $3.8 million, up 15% from 2005. The average application was for $122,000, and applicants reported an average income of $69,000. 23% of applications resulted in an originated loan and 35% were denied. The most active lender was Wells Fargo Bank, NA, with 6 applications, followed by Wells Fargo Fin'l Alaska, Inc and Countrywide Home Loans.

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Total Number of Mortgage Applications 31
Total Mortgage Loan Application Amount $3,805,000
Average Mortgage Loan Application Amount $122,000
Highest Mortgage Loan Application Amount $266,000
Average Applicant Income $69,000
Highest Applicant Income $168,000

Mortgage Company List for Lending in Lake and Peninsula, AK for 2006

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 403,258,000,000 6 $ 826,000
Wells Fargo Fin'l Alaska, Inc
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 5 $ 868,000
Countrywide Home Loans
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 175,085,370,000 5 $ 703,000
Saxon Mortgage
4840 COX ROAD
GLEN ALLEN, VA 23060
* $ 10,000,000 2 $ 211,000
First Residential Mortgage
9721 ORMSBY STATION RD.
LOUISVILLE, KY 40223
* $ 10,000,000 2 $ 264,000
Home Loan Center
163 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 10,000,000 1 $ 132,000
Merrill Lynch Mortgage Lending
4 WORLD FINANCIAL CENTER, 12TH FLOOR
NEW YORK, NY 10280
* $ 19,717,040,000 1 $ 25,000
Corinthian Mortgage Corp
5750 W 95TH STREET, SUITE 155
OVERLAND PARK, KS 66207
* $ 341,661,000 1 $ 35,000
Eloan
9600 WEST BRYN MAWR
ROSEMONT, IL 60018
* $ 48,624,000,000 1 $ 63,000
Citifinancial, Inc.
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,494,037,000,000 1 $ 75,000
First Magnus Financial Corp
603 N. WILMOT ROAD
TUCSON, AZ 85711
* $ 10,000,000 1 $ 132,000
Countrywide Bank, N.A.
35 NORTH LAKE, MS 35-148
PASADENA, CA 91101
* $ 73,116,292,000 1 $ 130,000
Homecomings Financial LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 10,000,000 1 $ 120,000
Wells Fargo Fin'l Washington 1
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 1 $ 66,000

The tables below break down 2006 mortgage applications in Lake and Peninsula, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Lake and Peninsula, AK in 2006

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 20 $2,148,000 $107,000 $266,000 $77,000 $168,000
Home Purchase 8 $1,396,000 $174,000 $250,000 $59,000 $144,000
Home Improvement 3 $261,000 $87,000 $151,000 $46,000 $64,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 14 $1,793,000 $128,000 $250,000 $68,000 $124,000
American Indian or Alaskan Native 8 $1,030,000 $128,000 $266,000 $83,000 $168,000
Not Provided 5 $597,000 $119,000 $213,000 $73,000 $144,000
Not applicable 2 $155,000 $77,000 $130,000 $52,000 $105,000
Asian 1 $110,000 $110,000 $110,000 $30,000 $30,000
Hispanic 1 $120,000 $120,000 $120,000 $42,000 $42,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 31 $3,805,000 $122,000 $266,000 $69,000 $168,000
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

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Application Denied By Financial Institution 11 $1,217,000 $110,000 $205,000 $60,000 $124,000
Loan Originated 7 $1,179,000 $168,000 $266,000 $91,000 $144,000
Application Withdrawn By Applicant 5 $512,000 $102,000 $190,000 $85,000 $168,000
Application Approved But Not Accepted 5 $612,000 $122,000 $250,000 $44,000 $64,000
Loan Purchased By The Institution 3 $285,000 $95,000 $130,000 $70,000 $105,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 2 $106,000 $53,000 $66,000 $99,000 $124,000
Collateral 2 $167,000 $83,000 $132,000 $49,000 $62,000
Debt-To-Income Ratio 1 $205,000 $205,000 $205,000 $59,000 $59,000
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
Credit Application Incomplete 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Download the Alaska Lender List