Wells Fargo Fin'l California Mortgage Lending & HMDA Data, 2008
In 2008, Wells Fargo Fin'l California of Des Moines, IA reported 28,547 mortgage applications totaling $6.5 billion, down 26% from 2007. The average application was for $227,394, and applicants reported an average income of $97,387. 7% of its applications resulted in an originated loan and 50% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (6,634), Riverside-San Bernardino-Ontario, CA (3,622) and Sacramento--Arden-Arcade--Roseville, CA (2,488) (applications in parentheses).
| Mortgage Company & Address | Wells Fargo Fin'l California 800 Walnut St, 6th Floor, Mac F4031-061 Des Moines, IA 50309 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 28,547 |
| Total Mortgage Loan Application Amount | $6,491,425,000 |
| Average Mortgage Loan Application Amount | $227,394 |
| Highest Mortgage Loan Application Amount | $15,400,000 |
| Average Applicant Income | $97,387 |
| Highest Applicant Income | $2,760,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wells Fargo Fin'l California filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 6,634 | $ 1,578,621,000 | $ 237,959 | $ 98,000 |
| Riverside-San Bernardino-Ontario, CA | 3,622 | $ 743,806,000 | $ 205,357 | $ 88,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2,488 | $ 537,811,000 | $ 216,161 | $ 92,000 |
| Oakland-Fremont-Hayward, CA | 2,137 | $ 567,690,000 | $ 265,648 | $ 109,000 |
| San Diego-Carlsbad-San Marcos, CA | 1,740 | $ 421,538,000 | $ 242,263 | $ 104,000 |
| Santa Ana-Anaheim-Irvine, CA | 1,448 | $ 380,109,000 | $ 262,506 | $ 121,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1,251 | $ 368,963,000 | $ 294,934 | $ 126,000 |
| Stockton, CA | 892 | $ 193,851,000 | $ 217,321 | $ 87,000 |
| San Francisco-San Mateo-Redwood City, CA | 875 | $ 266,606,000 | $ 304,692 | $ 141,000 |
| Modesto, CA | 857 | $ 178,180,000 | $ 207,911 | $ 80,000 |
| Fresno, CA | 847 | $ 144,941,000 | $ 171,122 | $ 76,000 |
| Bakersfield, CA | 712 | $ 104,902,000 | $ 147,334 | $ 78,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 576 | $ 140,461,000 | $ 243,855 | $ 104,000 |
| Vallejo-Fairfield, CA | 397 | $ 109,213,000 | $ 275,095 | $ 99,000 |
| Visalia-Porterville, CA | 361 | $ 46,460,000 | $ 128,698 | $ 64,000 |
| Salinas, CA | 280 | $ 75,675,000 | $ 270,267 | $ 104,000 |
| Merced, CA | 277 | $ 48,193,000 | $ 173,981 | $ 72,000 |
| Chico, CA | 235 | $ 42,874,000 | $ 182,442 | $ 83,000 |
| Santa Rosa-Petaluma, CA | 232 | $ 58,802,000 | $ 253,456 | $ 105,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 194 | $ 48,360,000 | $ 249,278 | $ 98,000 |
| Redding, CA | 189 | $ 29,821,000 | $ 157,783 | $ 70,000 |
| Yuba City, CA | 171 | $ 30,349,000 | $ 177,479 | $ 81,000 |
| Madera, CA | 170 | $ 25,747,000 | $ 151,452 | $ 91,000 |
| El Centro, CA | 164 | $ 25,078,000 | $ 152,914 | $ 69,000 |
| Santa Cruz-Watsonville, CA | 143 | $ 42,022,000 | $ 293,860 | $ 110,000 |
| San Luis Obispo-Paso Robles, CA | 114 | $ 28,787,000 | $ 252,517 | $ 91,000 |
| Hanford-Corcoran, CA | 105 | $ 13,898,000 | $ 132,361 | $ 71,000 |
| Napa, CA | 92 | $ 25,561,000 | $ 277,836 | $ 120,000 |
| Las Vegas-Paradise, NV | 63 | $ 12,166,000 | $ 193,111 | $ 117,000 |
| Phoenix-Mesa-Scottsdale, AZ | 49 | $ 7,016,000 | $ 143,183 | $ 136,000 |
| Lake Havasu City-Kingman, AZ | 15 | $ 1,413,000 | $ 94,200 | $ 68,000 |
| San Antonio, TX | 14 | $ 1,132,000 | $ 80,857 | $ 127,000 |
| Denver-Aurora, CO | 10 | $ 1,286,000 | $ 128,600 | $ 100,000 |
| El Paso, TX | 10 | $ 604,000 | $ 60,400 | $ 85,000 |
| Portland-Vancouver-Beaverton, OR-WA | 10 | $ 1,508,000 | $ 150,800 | $ 138,800 |
| Dallas-Plano-Irving, TX | 9 | $ 953,000 | $ 105,888 | $ 161,000 |
| Houston-Sugar Land-Baytown, TX | 9 | $ 623,000 | $ 69,222 | $ 81,000 |
| Salt Lake City, UT | 9 | $ 936,000 | $ 104,000 | $ 176,000 |
| Atlanta-Sandy Springs-Marietta, GA | 7 | $ 1,097,000 | $ 156,714 | $ 118,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 636,000 | $ 90,857 | $ 127,000 |
| Tucson, AZ | 7 | $ 707,000 | $ 101,000 | $ 69,000 |
| Albuquerque, NM | 6 | $ 654,000 | $ 109,000 | $ 110,000 |
| Austin-Round Rock, TX | 6 | $ 601,000 | $ 100,166 | $ 126,000 |
| Colorado Springs, CO | 6 | $ 365,000 | $ 60,833 | $ 73,000 |
| Kansas City, MO-KS | 5 | $ 261,000 | $ 52,200 | $ 84,000 |
| New York-White Plains-Wayne, NY-NJ | 5 | $ 310,000 | $ 62,000 | $ 50,800 |
| Reno-Sparks, NV | 5 | $ 739,000 | $ 147,800 | $ 157,000 |
| Bend, OR | 4 | $ 402,000 | $ 100,500 | $ 97,000 |
| Boise City-Nampa, ID | 4 | $ 475,000 | $ 118,750 | $ 72,000 |
| Honolulu, HI | 4 | $ 561,000 | $ 140,250 | $ 228,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 131,000 | $ 32,750 | $ 87,000 |
| Prescott, AZ | 4 | $ 303,000 | $ 75,750 | $ 83,000 |
| Salem, OR | 4 | $ 290,000 | $ 72,500 | $ 101,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 778,000 | $ 194,500 | $ 101,000 |
| Brownsville-Harlingen, TX | 3 | $ 200,000 | $ 66,666 | $ 67,000 |
| Clarksville, TN-KY | 3 | $ 47,000 | $ 15,666 | $ 109,000 |
| Fort Worth-Arlington, TX | 3 | $ 326,000 | $ 108,666 | $ 102,000 |
| Huntsville, AL | 3 | $ 600,000 | $ 200,000 | $ 109,000 |
| Killeen-Temple-Fort Hood, TX | 3 | $ 396,000 | $ 132,000 | $ 103,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 615,000 | $ 205,000 | $ 175,000 |
| Orlando-Kissimmee, FL | 3 | $ 387,000 | $ 129,000 | $ 77,000 |
| Tacoma, WA | 3 | $ 440,000 | $ 146,666 | $ 122,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 216,000 | $ 72,000 | $ 132,000 |
| Yuma, AZ | 3 | $ 533,000 | $ 177,666 | $ 82,000 |
| Akron, OH | 2 | $ 668,000 | $ 334,000 | $ 143,000 |
| Anchorage, AK | 2 | $ 400,000 | $ 200,000 | $ 57,000 |
| Bremerton-Silverdale, WA | 2 | $ 310,000 | $ 155,000 | $ 128,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 195,000 | $ 97,500 | $ 42,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 133,000 | $ 66,500 | $ 238,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 235,000 | $ 117,500 | $ 65,000 |
| Greeley, CO | 2 | $ 227,000 | $ 113,500 | $ 104,000 |
| Jacksonville, FL | 2 | $ 53,000 | $ 26,500 | $ 126,000 |
| Lawton, OK | 2 | $ 294,000 | $ 147,000 | $ 123,000 |
| Memphis, TN-MS-AR | 2 | $ 117,000 | $ 58,500 | $ 160,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 275,000 | $ 137,500 | $ 169,000 |
| New Haven-Milford, CT | 2 | $ 78,000 | $ 39,000 | $ 67,000 |
| Ogden-Clearfield, UT | 2 | $ 50,000 | $ 25,000 | $ 206,000 |
| Oklahoma City, OK | 2 | $ 137,000 | $ 68,500 | $ 68,000 |
| Rochester, NY | 2 | $ 80,000 | $ 40,000 | $ 105,000 |
| Springfield, MO | 2 | $ 155,000 | $ 77,500 | $ 261,000 |
| Tyler, TX | 2 | $ 105,000 | $ 52,500 | $ 139,000 |
| Ann Arbor, MI | 1 | $ 30,000 | $ 30,000 | $ 90,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 353,000 | $ 353,000 | $ 192,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 45,000 | $ 45,000 | $ 142,000 |
| Baltimore-Towson, MD | 1 | $ 50,000 | $ 50,000 | $ 242,000 |
| Baton Rouge, LA | 1 | $ 30,000 | $ 30,000 | $ 276,000 |
| Beaumont-Port Arthur, TX | 1 | $ 36,000 | $ 36,000 | $ 30,000 |
| Bellingham, WA | 1 | $ 310,000 | $ 310,000 | $ 75,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 50,000 | $ 50,000 | $ 155,000 |
| Birmingham-Hoover, AL | 1 | $ 25,000 | $ 25,000 | $ 52,000 |
| Boston-Quincy, MA | 1 | $ 865,000 | $ 865,000 | $ 420,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 700,000 | $ 700,000 | $ 660,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 50,000 | $ 50,000 | $ 135,000 |
| Carson City, NV | 1 | $ 167,000 | $ 167,000 | $ 79,000 |
| Champaign-Urbana, IL | 1 | $ 221,000 | $ 221,000 | $ 211,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 116,000 | $ 116,000 | $ 400,000 |
| College Station-Bryan, TX | 1 | $ 50,000 | $ 50,000 | $ 124,000 |
| Decatur, IL | 1 | $ 30,000 | $ 30,000 | $ 59,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 15,000 | $ 15,000 | $ 168,000 |
| Dothan, AL | 1 | $ 15,000 | $ 15,000 | $ 58,000 |
| Duluth, MN-WI | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Eugene-Springfield, OR | 1 | $ 55,000 | $ 55,000 | $ 50,000 |
| Flagstaff, AZ | 1 | $ 75,000 | $ 75,000 | $ 99,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
| Fort Wayne, IN | 1 | $ 50,000 | $ 50,000 | $ 360,000 |
| Gainesville, FL | 1 | $ 175,000 | $ 175,000 | $ 150,000 |
| Gary, IN | 1 | $ 25,000 | $ 25,000 | $ 77,000 |
| Grand Junction, CO | 1 | $ 40,000 | $ 40,000 | $ 89,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 55,000 | $ 55,000 | $ 29,000 |
| Great Falls, MT | 1 | $ 10,000 | $ 10,000 | $ 32,000 |
| Green Bay, WI | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 30,000 | $ 30,000 | $ 70,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Indianapolis-Carmel, IN | 1 | $ 40,000 | $ 40,000 | $ 60,000 |
| Kennewick-Pasco-Richland, WA | 1 | $ 50,000 | $ 50,000 | $ 113,000 |
| Kokomo, IN | 1 | $ 45,000 | $ 45,000 | $ 111,000 |
| Laredo, TX | 1 | $ 120,000 | $ 120,000 | $ 68,000 |
| Las Cruces, NM | 1 | $ 50,000 | $ 50,000 | $ 77,000 |
| Lexington-Fayette, KY | 1 | $ 190,000 | $ 190,000 | $ 98,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 85,000 | $ 85,000 | $ 37,000 |
| Longview, TX | 1 | $ 15,000 | $ 15,000 | $ 46,000 |
| Macon, GA | 1 | $ 120,000 | $ 120,000 | $ 78,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 137,000 | $ 137,000 | $ 26,000 |
| Midland, TX | 1 | $ 52,000 | $ 52,000 | $ 116,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 30,000 | $ 30,000 | $ 28,000 |
| Olympia, WA | 1 | $ 15,000 | $ 15,000 | $ 73,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 25,000 | $ 25,000 | $ 44,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 100,000 | $ 100,000 | $ 46,000 |
| Pocatello, ID | 1 | $ 36,000 | $ 36,000 | $ 72,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 85,000 | $ 85,000 | $ 48,000 |
| Raleigh-Cary, NC | 1 | $ 70,000 | $ 70,000 | $ 243,000 |
| Reading, PA | 1 | $ 170,000 | $ 170,000 | $ 111,000 |
| Santa Fe, NM | 1 | $ 50,000 | $ 50,000 | $ 96,000 |
| Savannah, GA | 1 | $ 20,000 | $ 20,000 | $ 54,000 |
| Shreveport-Bossier City, LA | 1 | $ 25,000 | $ 25,000 | $ 195,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 50,000 | $ 50,000 | $ 83,000 |
| Springfield, OH | 1 | $ 10,000 | $ 10,000 | $ 59,000 |
| St. George, UT | 1 | $ 94,000 | $ 94,000 | $ 95,000 |
| Wenatchee, WA | 1 | $ 75,000 | $ 75,000 | $ 76,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 55,000 | $ 55,000 | $ 96,000 |
| Yakima, WA | 1 | $ 120,000 | $ 120,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for Wells Fargo Fin'l California in 2008
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 | 19,247 | $5,178,303,000 | $269,000 | $3,000,000 | $96,000 | $2,640,000 |
| Home Improvement | 8,817 | $1,232,659,000 | $139,000 | $15,400,000 | $100,000 | $2,760,000 |
| Home Purchase | 483 | $80,463,000 | $166,000 | $800,000 | $105,000 | $1,050,000 |
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 | 11,895 | $2,721,476,000 | $228,000 | $15,400,000 | $107,000 | $1,992,000 |
| Hispanic | 8,461 | $1,738,528,000 | $205,000 | $3,000,000 | $79,000 | $2,760,000 |
| Not Provided | 2,650 | $678,135,000 | $255,000 | $2,000,000 | $104,000 | $1,732,000 |
| Black or African American | 2,311 | $554,645,000 | $240,000 | $1,582,000 | $87,000 | $571,000 |
| Asian | 2,288 | $568,609,000 | $248,000 | $1,350,000 | $121,000 | $2,640,000 |
| Native Hawaiian or Other Pacific Islander | 495 | $138,300,000 | $279,000 | $1,200,000 | $105,000 | $595,000 |
| American Indian or Alaskan Native | 447 | $91,732,000 | $205,000 | $1,600,000 | $90,000 | $490,000 |
| Not applicable | 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) | 28,547 | $6,491,425,000 | $227,000 | $15,400,000 | $98,000 | $2,760,000 |
| 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 | 14,197 | $3,507,507,000 | $247,000 | $15,400,000 | $91,000 | $1,992,000 |
| Application Withdrawn By Applicant | 8,535 | $1,694,549,000 | $198,000 | $2,150,000 | $106,000 | $2,640,000 |
| File Closed For Incompleteness | 3,769 | $797,300,000 | $211,000 | $3,000,000 | $112,000 | $2,760,000 |
| Loan Originated | 1,937 | $467,315,000 | $241,000 | $2,080,000 | $86,000 | $1,298,000 |
| Application Approved But Not Accepted | 109 | $24,754,000 | $227,000 | $685,000 | $84,000 | $242,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wells Fargo Fin'l California's 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Wells Fargo Fin'l California's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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