AllMortgageDetail - Mortgage Application Details

Wells Fargo Bank, Na
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Wells Fargo Bank, Na
100 N Main Street Mac D4001-063
Winston-Salem, NC 27150
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 1,118,419
Total Mortgage Loan Application Amount $260,508,505,000
Average Mortgage Loan Application Amount $136,488
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $70,625
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Wells Fargo Bank, Na in 2014

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
Home Purchase 616,954 $156,510,503,000 $253,000 $99,999,000 $98,000 $9,999,000
Refinancing 397,767 $94,202,899,000 $236,000 $99,999,000 $97,000 $9,999,000
Home Improvement 103,762 $9,806,785,000 $94,000 $99,999,000 $86,000 $9,999,000

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 693,273 $158,132,931,000 $228,000 $22,160,000 $111,000 $9,999,000
Hispanic 110,320 $18,591,734,000 $168,000 $6,800,000 $73,000 $9,999,000
Not applicable 98,596 $31,301,732,000 $317,000 $99,999,000 $0 $67,000
Not Provided 77,043 $19,343,906,000 $251,000 $75,000,000 $115,000 $9,999,000
Black or African American 71,830 $10,788,011,000 $150,000 $4,153,000 $70,000 $9,999,000
Asian 58,296 $20,763,739,000 $356,000 $8,175,000 $141,000 $8,069,000
American Indian or Alaskan Native 5,400 $744,276,000 $137,000 $4,713,000 $79,000 $2,083,000
Native Hawaiin or Other Pacific Islander 3,725 $853,858,000 $229,000 $5,000,000 $97,000 $3,219,000

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) 735,692 $191,614,272,000 $260,000 $99,999,000 $122,000 $9,999,000
FHA-insured (Federal Housing Administration) 241,487 $39,890,160,000 $165,000 $70,774,000 $41,000 $7,327,000
VA-guaranteed (Veterans Administration) 114,926 $25,307,328,000 $220,000 $5,582,000 $59,000 $2,912,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26,378 $3,708,427,000 $140,000 $571,000 $46,000 $920,000

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
Loan Purchased By The Institution 447,501 $87,330,811,000 $195,000 $99,999,000 $65,000 $7,327,000
Loan Originated 374,153 $111,131,648,000 $297,000 $99,999,000 $128,000 $9,600,000
Application Denied By Financial Institution 180,135 $30,431,089,000 $168,000 $99,999,000 $91,000 $9,999,000
Application Withdrawn By Applicant 97,058 $28,216,365,000 $290,000 $99,999,000 $125,000 $9,999,000
File Closed For Incompleteness 10,658 $1,869,971,000 $175,000 $16,800,000 $103,000 $7,080,000
Application Approved But Not Accepted 8,978 $1,540,303,000 $171,000 $17,500,000 $104,000 $8,728,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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 58,039 $4,583,269,000 $78,000 $3,640,000 $74,000 $9,999,000
Debt-To-Income Ratio 40,978 $8,343,057,000 $203,000 $6,000,000 $75,000 $3,960,000
Collateral 27,720 $5,950,916,000 $214,000 $11,250,000 $122,000 $9,356,000
Other 19,735 $3,415,593,000 $173,000 $99,999,000 $92,000 $4,800,000
Credit Application Incomplete 19,686 $4,684,341,000 $237,000 $23,500,000 $119,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 6,620 $1,842,184,000 $278,000 $5,625,000 $111,000 $6,041,000
Unverifiable Information 5,799 $1,312,253,000 $226,000 $5,000,000 $108,000 $2,701,000
Employment History 1,532 $288,330,000 $188,000 $3,738,000 $72,000 $945,000
Mortgage Insurance Denied 26 $11,146,000 $428,000 $6,641,000 $71,000 $134,000