Wells Fargo Fin'l Georgia, Inc Mortgage Lending & HMDA Data, 2008

In 2008, Wells Fargo Fin'l Georgia, Inc of Des Moines, IA reported 4,855 mortgage applications totaling $601.4 million, down 48% from 2007. The average application was for $123,874, and applicants reported an average income of $70,126. 13% of its applications resulted in an originated loan and 54% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (2,875), Augusta-Richmond County, GA-SC (236) and Savannah, GA (188) (applications in parentheses).

Mortgage Company & Address Wells Fargo Fin'l Georgia, Inc
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 4,855
Total Mortgage Loan Application Amount $601,410,000
Average Mortgage Loan Application Amount $123,874
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $70,126
Highest Applicant Income $1,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wells Fargo Fin'l Georgia, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Wells Fargo Fin'l Georgia, Inc by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Fulton, Georgia 403 $ 63,442,000 $ 157,424 $ 89,000
Gwinnett, Georgia 402 $ 63,227,000 $ 157,281 $ 80,000
DeKalb, Georgia 396 $ 50,482,000 $ 127,479 $ 69,000
Cobb, Georgia 320 $ 48,691,000 $ 152,159 $ 81,000
Clayton, Georgia 217 $ 22,180,000 $ 102,211 $ 60,000
Richmond, Georgia 145 $ 11,888,000 $ 81,986 $ 59,000
Muscogee, Georgia 143 $ 14,831,000 $ 103,713 $ 54,000
Chatham, Georgia 140 $ 15,809,000 $ 112,921 $ 62,000
Henry, Georgia 131 $ 16,616,000 $ 126,839 $ 78,000
Houston, Georgia 117 $ 13,109,000 $ 112,042 $ 68,000
Cherokee, Georgia 115 $ 17,412,000 $ 151,408 $ 91,000
Bibb, Georgia 99 $ 9,250,000 $ 93,434 $ 54,000
Forsyth, Georgia 98 $ 18,468,000 $ 188,448 $ 97,000
Paulding, Georgia 96 $ 11,321,000 $ 117,927 $ 74,000
Newton, Georgia 92 $ 10,763,000 $ 116,989 $ 65,000
Douglas, Georgia 87 $ 11,784,000 $ 135,448 $ 76,000
Carroll, Georgia 85 $ 10,123,000 $ 119,094 $ 66,000
Columbia, Georgia 79 $ 9,830,000 $ 124,430 $ 84,000
Hall, Georgia 64 $ 8,912,000 $ 139,250 $ 68,000
Coweta, Georgia 62 $ 7,862,000 $ 126,806 $ 61,000
Liberty, Georgia 53 $ 4,875,000 $ 91,981 $ 70,000
Rockdale, Georgia 50 $ 5,488,000 $ 109,760 $ 69,000
Whitfield, Georgia 49 $ 6,061,000 $ 123,693 $ 67,000
Bartow, Georgia 45 $ 5,734,000 $ 127,422 $ 63,000
Dougherty, Georgia 45 $ 4,344,000 $ 96,533 $ 60,000
Walton, Georgia 45 $ 6,146,000 $ 136,577 $ 65,000
Fayette, Georgia 44 $ 11,087,000 $ 251,977 $ 126,000
Barrow, Georgia 43 $ 4,628,000 $ 107,627 $ 78,000
Lowndes, Georgia 43 $ 3,909,000 $ 90,906 $ 56,000
Floyd, Georgia 40 $ 3,748,000 $ 93,700 $ 51,000
Jackson, Georgia 34 $ 4,418,000 $ 129,941 $ 71,000
Clarke, Georgia 31 $ 4,089,000 $ 131,903 $ 76,000
Effingham, Georgia 31 $ 3,892,000 $ 125,548 $ 72,000
Spalding, Georgia 28 $ 2,533,000 $ 90,464 $ 56,000
Harris, Georgia 24 $ 3,228,000 $ 134,500 $ 69,000
Walker, Georgia 24 $ 2,271,000 $ 94,625 $ 54,000
Laurens, Georgia 23 $ 2,538,000 $ 110,347 $ 60,000
Murray, Georgia 23 $ 2,236,000 $ 97,217 $ 62,000
Haralson, Georgia 22 $ 1,609,000 $ 73,136 $ 56,000
Troup, Georgia 22 $ 1,882,000 $ 85,545 $ 72,000
Baldwin, Georgia 21 $ 3,018,000 $ 143,714 $ 56,000
Glynn, Georgia 21 $ 1,929,000 $ 91,857 $ 52,000
Gordon, Georgia 21 $ 2,755,000 $ 131,190 $ 54,000
Dawson, Georgia 20 $ 2,677,000 $ 133,850 $ 63,000
Peach, Georgia 20 $ 2,065,000 $ 103,250 $ 65,000
Bulloch, Georgia 19 $ 1,594,000 $ 83,894 $ 65,000
Camden, Georgia 19 $ 2,411,000 $ 126,894 $ 72,000
Meriwether, Georgia 19 $ 1,973,000 $ 103,842 $ 60,000
Polk, Georgia 18 $ 1,538,000 $ 85,444 $ 63,000
Tift, Georgia 18 $ 1,190,000 $ 66,111 $ 61,000
Bryan, Georgia 17 $ 1,627,000 $ 95,705 $ 60,000
Chattooga, Georgia 16 $ 1,837,000 $ 114,812 $ 50,000
Madison, Georgia 16 $ 1,758,000 $ 109,875 $ 44,000
Jones, Georgia 15 $ 1,101,000 $ 73,400 $ 55,000
Pickens, Georgia 15 $ 1,273,000 $ 84,866 $ 63,000
Colquitt, Georgia 14 $ 1,133,000 $ 80,928 $ 60,000
Hart, Georgia 14 $ 918,000 $ 65,571 $ 32,000
Monroe, Georgia 14 $ 1,053,000 $ 75,214 $ 49,000
Putnam, Georgia 14 $ 1,023,000 $ 73,071 $ 73,000
Butts, Georgia 13 $ 1,264,000 $ 97,230 $ 59,000
Sumter, Georgia 13 $ 833,000 $ 64,076 $ 41,000
Franklin, Georgia 12 $ 987,000 $ 82,250 $ 36,000
Jasper, Georgia 11 $ 1,244,000 $ 113,090 $ 62,000
Lumpkin, Georgia 11 $ 1,392,000 $ 126,545 $ 70,000
Oconee, Georgia 11 $ 1,343,000 $ 122,090 $ 55,000
Catoosa, Georgia 10 $ 1,557,000 $ 155,700 $ 77,000
Grady, Georgia 10 $ 864,000 $ 86,400 $ 38,000
Lee, Georgia 10 $ 1,152,000 $ 115,200 $ 66,000
Morgan, Georgia 10 $ 1,564,000 $ 156,400 $ 59,000
Oglethorpe, Georgia 10 $ 1,328,000 $ 132,800 $ 62,000
Tattnall, Georgia 10 $ 1,234,000 $ 123,400 $ 79,000
Wayne, Georgia 10 $ 979,000 $ 97,900 $ 52,000
Decatur, Georgia 9 $ 816,000 $ 90,666 $ 69,000
Toombs, Georgia 9 $ 675,000 $ 75,000 $ 44,000
Coffee, Georgia 8 $ 624,000 $ 78,000 $ 33,000
Crisp, Georgia 8 $ 683,000 $ 85,375 $ 50,000
Gilmer, Georgia 8 $ 790,000 $ 98,750 $ 48,000
Marion, Georgia 8 $ 868,000 $ 108,500 $ 65,000
McDuffie, Georgia 8 $ 489,000 $ 61,125 $ 41,000
Mitchell, Georgia 8 $ 453,000 $ 56,625 $ 53,000
Thomas, Georgia 8 $ 767,000 $ 95,875 $ 60,000
Upson, Georgia 8 $ 559,000 $ 69,875 $ 42,000
Washington, Georgia 8 $ 509,000 $ 63,625 $ 38,000
Banks, Georgia 7 $ 817,000 $ 116,714 $ 59,000
Crawford, Georgia 7 $ 737,000 $ 105,285 $ 55,000
Jenkins, Georgia 7 $ 347,000 $ 49,571 $ 35,000
Pike, Georgia 7 $ 941,000 $ 134,428 $ 68,000
Ware, Georgia 7 $ 358,000 $ 51,142 $ 59,000
Wilkinson, Georgia 7 $ 524,000 $ 74,857 $ 61,000
Berrien, Georgia 6 $ 418,000 $ 69,666 $ 65,000
Emanuel, Georgia 6 $ 639,000 $ 106,500 $ 53,000
Fannin, Georgia 6 $ 829,000 $ 138,166 $ 78,000
Habersham, Georgia 6 $ 424,000 $ 70,666 $ 47,000
Lamar, Georgia 6 $ 878,000 $ 146,333 $ 69,000
Union, Georgia 6 $ 400,000 $ 66,666 $ 54,000
Cook, Georgia 5 $ 204,000 $ 40,800 $ 35,000
Dade, Georgia 5 $ 428,000 $ 85,600 $ 63,000
Dodge, Georgia 5 $ 310,000 $ 62,000 $ 46,000
Elbert, Georgia 5 $ 499,000 $ 99,800 $ 69,000
Evans, Georgia 5 $ 409,000 $ 81,800 $ 39,000
Jefferson, Georgia 5 $ 184,000 $ 36,800 $ 53,000
Pulaski, Georgia 5 $ 349,000 $ 69,800 $ 44,000
Terrell, Georgia 5 $ 294,000 $ 58,800 $ 45,000
Twiggs, Georgia 5 $ 403,000 $ 80,600 $ 37,000
Appling, Georgia 4 $ 526,000 $ 131,500 $ 61,000
Calhoun, Georgia 4 $ 199,000 $ 49,750 $ 54,000
Hancock, Georgia 4 $ 481,000 $ 120,250 $ 62,000
Pierce, Georgia 4 $ 500,000 $ 125,000 $ 117,000
Screven, Georgia 4 $ 268,000 $ 67,000 $ 43,000
Treutlen, Georgia 4 $ 182,000 $ 45,500 $ 47,000
White, Georgia 4 $ 157,000 $ 39,250 $ 45,000
Burke, Georgia 3 $ 280,000 $ 93,333 $ 80,000
Early, Georgia 3 $ 42,000 $ 14,000 $ 53,000
Glascock, Georgia 3 $ 224,000 $ 74,666 $ 50,000
Heard, Georgia 3 $ 222,000 $ 74,000 $ 61,000
Irwin, Georgia 3 $ 296,000 $ 98,666 $ 73,000
Macon, Georgia 3 $ 311,000 $ 103,666 $ 40,000
Miller, Georgia 3 $ 196,000 $ 65,333 $ 69,000
Rabun, Georgia 3 $ 330,000 $ 110,000 $ 88,000
Stephens, Georgia 3 $ 299,000 $ 99,666 $ 40,000
Talbot, Georgia 3 $ 379,000 $ 126,333 $ 59,000
Turner, Georgia 3 $ 342,000 $ 114,000 $ 110,000
Montgomery, Alabama 2 $ 40,000 $ 20,000 $ 40,000
Riverside, California 2 $ 505,000 $ 252,500 $ 246,000
San Bernardino, California 2 $ 100,000 $ 50,000 $ 81,000
San Diego, California 2 $ 410,000 $ 205,000 $ 163,000
Bay, Florida 2 $ 96,000 $ 48,000 $ 100,000
Broward, Florida 2 $ 432,000 $ 216,000 $ 132,000
Baker, Georgia 2 $ 250,000 $ 125,000 $ 62,000
Ben Hill, Georgia 2 $ 122,000 $ 61,000 $ 45,000
Brantley, Georgia 2 $ 205,000 $ 102,500 $ 58,000
Brooks, Georgia 2 $ 135,000 $ 67,500 $ 35,000
Charlton, Georgia 2 $ 183,000 $ 91,500 $ 151,000
Dooly, Georgia 2 $ 60,000 $ 30,000 $ 43,000
Greene, Georgia 2 $ 210,000 $ 105,000 $ 58,000
Lanier, Georgia 2 $ 120,000 $ 60,000 $ 41,000
Lincoln, Georgia 2 $ 280,000 $ 140,000 $ 75,000
Long, Georgia 2 $ 125,000 $ 62,500 $ 35,000
McIntosh, Georgia 2 $ 161,000 $ 80,500 $ 45,000
Randolph, Georgia 2 $ 135,000 $ 67,500 $ 33,000
Stewart, Georgia 2 $ 160,000 $ 80,000 $ 42,000
Taylor, Georgia 2 $ 105,000 $ 52,500 $ 63,000
Telfair, Georgia 2 $ 101,000 $ 50,500 $ 44,000
Wilcox, Georgia 2 $ 133,000 $ 66,500 $ 65,000
Wilkes, Georgia 2 $ 558,000 $ 279,000 $ 133,000
Worth, Georgia 2 $ 75,000 $ 37,500 $ 58,000
Elkhart, Indiana 2 $ 104,000 $ 52,000 $ 52,000
Orleans, Louisiana 2 $ 183,000 $ 91,500 $ 53,000
Richland, South Carolina 2 $ 75,000 $ 37,500 $ 35,000
Autauga, Alabama 1 $ 87,000 $ 87,000 $ 121,000
Lee, Alabama 1 $ 54,000 $ 54,000 $ 31,000
Madison, Alabama 1 $ 280,000 $ 280,000 $ 70,000
Mobile, Alabama 1 $ 50,000 $ 50,000 $ 64,000
Monroe, Alabama 1 $ 90,000 $ 90,000 $ 112,000
Fairbanks North Star, Alaska 1 $ 190,000 $ 190,000 $ 78,000
Denver, Colorado 1 $ 157,000 $ 157,000 $ 41,000
El Paso, Colorado 1 $ 124,000 $ 124,000 $ 134,000
District of Columbia, District Of Columbia 1 $ 11,000 $ 11,000 $ 62,000
Clay, Florida 1 $ 35,000 $ 35,000 $ 35,000
Franklin, Florida 1 $ 510,000 $ 510,000 $ 372,000
Marion, Florida 1 $ 179,000 $ 179,000 $ 137,000
Nassau, Florida 1 $ 45,000 $ 45,000 $ 91,000
Orange, Florida 1 $ 10,000 $ 10,000 $ 64,000
Pasco, Florida 1 $ 25,000 $ 25,000 $ 52,000
Taylor, Florida 1 $ 20,000 $ 20,000 $ 56,000
Atkinson, Georgia 1 $ 20,000 $ 20,000 $ 34,000
Bacon, Georgia 1 $ 265,000 $ 265,000 $ 119,000
Bleckley, Georgia 1 $ 71,000 $ 71,000 $ 53,000
Candler, Georgia 1 $ 87,000 $ 87,000 $ 9,000
Clinch, Georgia 1 $ 99,000 $ 99,000 $ 82,000
Jeff Davis, Georgia 1 $ 200,000 $ 200,000 $ 68,000
Montgomery, Georgia 1 $ 95,000 $ 95,000 $ 59,000
Towns, Georgia 1 $ 125,000 $ 125,000 $ 580,000
Warren, Georgia 1 $ 77,000 $ 77,000 $ 45,000
Wheeler, Georgia 1 $ 50,000 $ 50,000 $ 74,000
Cook, Illinois 1 $ 162,000 $ 162,000 $ 123,000
Boone, Kentucky 1 $ 164,000 $ 164,000 $ 114,000
Washington, Louisiana 1 $ 38,000 $ 38,000 $ 77,000
Prince George's, Maryland 1 $ 20,000 $ 20,000 $ 50,000
Adams, Mississippi 1 $ 19,000 $ 19,000 $ 74,000
Attala, Mississippi 1 $ 85,000 $ 85,000 $ 42,000
Mercer, New Jersey 1 $ 60,000 $ 60,000 $ 20,000
Erie, New York 1 $ 25,000 $ 25,000 $ 0
Summit, Ohio 1 $ 20,000 $ 20,000 $ 48,000
Muskogee, Oklahoma 1 $ 35,000 $ 35,000 $ 28,000
Dauphin, Pennsylvania 1 $ 58,000 $ 58,000 $ 47,000
Aiken, South Carolina 1 $ 193,000 $ 193,000 $ 63,000
Sumter, South Carolina 1 $ 40,000 $ 40,000 $ 132,000
Bradley, Tennessee 1 $ 70,000 $ 70,000 $ 139,000
Greene, Tennessee 1 $ 50,000 $ 50,000 $ 75,000
Montgomery, Tennessee 1 $ 15,000 $ 15,000 $ 52,000
Bexar, Texas 1 $ 20,000 $ 20,000 $ 22,000
Fort Bend, Texas 1 $ 113,000 $ 113,000 $ 41,000
Chesterfield, Virginia 1 $ 15,000 $ 15,000 $ 167,000

Mortgage Loan Application Detail Totals for Wells Fargo Fin'l Georgia, Inc 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 3,440 $502,674,000 $146,000 $900,000 $70,000 $720,000
Home Improvement 1,389 $95,432,000 $68,000 $1,500,000 $69,000 $804,000
Home Purchase 26 $3,304,000 $127,000 $500,000 $147,000 $1,500,000

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 2,307 $296,673,000 $128,000 $1,500,000 $75,000 $1,500,000
Black or African American 1,890 $219,345,000 $116,000 $900,000 $64,000 $804,000
Not Provided 343 $44,043,000 $128,000 $710,000 $75,000 $720,000
Hispanic 185 $22,751,000 $122,000 $576,000 $68,000 $421,000
Asian 71 $11,668,000 $164,000 $700,000 $86,000 $700,000
American Indian or Alaskan Native 52 $5,573,000 $107,000 $475,000 $71,000 $156,000
Native Hawaiian or Other Pacific Islander 7 $1,357,000 $193,000 $336,000 $74,000 $186,000
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) 4,855 $601,410,000 $123,000 $1,500,000 $71,000 $1,500,000
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

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 2,639 $318,093,000 $120,000 $900,000 $64,000 $631,000
Application Withdrawn By Applicant 1,086 $137,943,000 $127,000 $1,500,000 $82,000 $1,500,000
Loan Originated 640 $90,030,000 $140,000 $629,000 $69,000 $267,000
File Closed For Incompleteness 471 $52,739,000 $111,000 $900,000 $81,000 $804,000
Application Approved But Not Accepted 19 $2,605,000 $137,000 $352,000 $75,000 $223,000
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 Georgia, Inc'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 Georgia, Inc'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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