Wells Fargo Fin'l Indiana, Inc Mortgage Lending & HMDA Data, 2006

In 2006, Wells Fargo Fin'l Indiana, Inc of Des Moines, IA reported 5,145 mortgage applications totaling $582.6 million, down 7% from 2005. The average application was for $113,233, and applicants reported an average income of $61,706. 19% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Indianapolis-Carmel, IN (1,478), Gary, IN (789) and Fort Wayne, IN (462) (applications in parentheses).

Mortgage Company & Address Wells Fargo Fin'l Indiana, 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 5,145
Total Mortgage Loan Application Amount $582,586,000
Average Mortgage Loan Application Amount $113,233
Highest Mortgage Loan Application Amount $700,000
Average Applicant Income $61,706
Highest Applicant Income $1,200,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wells Fargo Fin'l Indiana, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Indiana, Inc by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marion, Indiana 802 $ 96,265,000 $ 120,031 $ 60,000
Lake, Indiana 610 $ 68,462,000 $ 112,232 $ 64,000
Allen, Indiana 408 $ 40,492,000 $ 99,245 $ 58,000
St. Joseph, Indiana 239 $ 23,944,000 $ 100,184 $ 57,000
Hamilton, Indiana 183 $ 32,663,000 $ 178,486 $ 91,000
Vanderburgh, Indiana 172 $ 16,636,000 $ 96,720 $ 58,000
Hendricks, Indiana 165 $ 25,216,000 $ 152,824 $ 77,000
Porter, Indiana 148 $ 18,601,000 $ 125,682 $ 68,000
Elkhart, Indiana 147 $ 16,749,000 $ 113,938 $ 62,000
Clark, Indiana 116 $ 12,565,000 $ 108,318 $ 64,000
Johnson, Indiana 116 $ 16,179,000 $ 139,474 $ 70,000
Madison, Indiana 94 $ 9,497,000 $ 101,031 $ 58,000
Howard, Indiana 89 $ 9,690,000 $ 108,876 $ 72,000
Morgan, Indiana 71 $ 9,985,000 $ 140,633 $ 62,000
LaPorte, Indiana 67 $ 6,778,000 $ 101,164 $ 59,000
Tippecanoe, Indiana 59 $ 7,226,000 $ 122,474 $ 66,000
Monroe, Indiana 54 $ 6,878,000 $ 127,370 $ 58,000
Delaware, Indiana 49 $ 4,487,000 $ 91,571 $ 46,000
Floyd, Indiana 48 $ 6,222,000 $ 129,625 $ 61,000
Warrick, Indiana 46 $ 5,787,000 $ 125,804 $ 68,000
Miami, Indiana 43 $ 3,353,000 $ 77,976 $ 48,000
DeKalb, Indiana 41 $ 4,513,000 $ 110,073 $ 63,000
Gibson, Indiana 41 $ 4,146,000 $ 101,121 $ 63,000
Hancock, Indiana 41 $ 6,429,000 $ 156,804 $ 71,000
Henry, Indiana 39 $ 3,450,000 $ 88,461 $ 50,000
Noble, Indiana 39 $ 4,045,000 $ 103,717 $ 52,000
Kosciusko, Indiana 38 $ 3,782,000 $ 99,526 $ 54,000
Lawrence, Indiana 35 $ 3,403,000 $ 97,228 $ 53,000
Boone, Indiana 34 $ 5,112,000 $ 150,352 $ 76,000
Whitley, Indiana 34 $ 4,196,000 $ 123,411 $ 59,000
Grant, Indiana 33 $ 3,061,000 $ 92,757 $ 49,000
Marshall, Indiana 33 $ 3,861,000 $ 117,000 $ 59,000
Knox, Indiana 32 $ 2,792,000 $ 87,250 $ 62,000
Shelby, Indiana 31 $ 3,496,000 $ 112,774 $ 63,000
Bartholomew, Indiana 29 $ 3,603,000 $ 124,241 $ 68,000
Fulton, Indiana 29 $ 2,264,000 $ 78,068 $ 43,000
Huntington, Indiana 27 $ 2,760,000 $ 102,222 $ 63,000
Montgomery, Indiana 27 $ 3,063,000 $ 113,444 $ 63,000
Vigo, Indiana 27 $ 2,359,000 $ 87,370 $ 56,000
Cass, Indiana 26 $ 2,624,000 $ 100,923 $ 65,000
Jackson, Indiana 26 $ 2,496,000 $ 96,000 $ 49,000
Adams, Indiana 24 $ 2,069,000 $ 86,208 $ 52,000
Clinton, Indiana 24 $ 2,417,000 $ 100,708 $ 56,000
Greene, Indiana 24 $ 2,273,000 $ 94,708 $ 61,000
Washington, Indiana 24 $ 2,185,000 $ 91,041 $ 46,000
Jay, Indiana 23 $ 1,864,000 $ 81,043 $ 47,000
LaGrange, Indiana 23 $ 2,244,000 $ 97,565 $ 58,000
Posey, Indiana 23 $ 2,279,000 $ 99,086 $ 63,000
Randolph, Indiana 23 $ 1,570,000 $ 68,260 $ 46,000
Steuben, Indiana 23 $ 2,129,000 $ 92,565 $ 44,000
Jefferson, Indiana 22 $ 2,661,000 $ 120,954 $ 59,000
Owen, Indiana 22 $ 2,425,000 $ 110,227 $ 62,000
Wabash, Indiana 22 $ 1,837,000 $ 83,500 $ 56,000
Harrison, Indiana 21 $ 2,025,000 $ 96,428 $ 60,000
Wayne, Indiana 21 $ 1,815,000 $ 86,428 $ 44,000
Dubois, Indiana 20 $ 2,002,000 $ 100,100 $ 56,000
Jasper, Indiana 20 $ 2,281,000 $ 114,050 $ 61,000
Wells, Indiana 20 $ 2,182,000 $ 109,100 $ 72,000
Fayette, Indiana 19 $ 1,651,000 $ 86,894 $ 53,000
Brown, Indiana 18 $ 2,163,000 $ 120,166 $ 57,000
Putnam, Indiana 17 $ 2,137,000 $ 125,705 $ 57,000
Spencer, Indiana 17 $ 1,857,000 $ 109,235 $ 71,000
Starke, Indiana 17 $ 1,883,000 $ 110,764 $ 60,000
Orange, Indiana 16 $ 1,568,000 $ 98,000 $ 49,000
Perry, Indiana 16 $ 1,670,000 $ 104,375 $ 50,000
Dearborn, Indiana 14 $ 2,053,000 $ 146,642 $ 71,000
Franklin, Indiana 14 $ 1,205,000 $ 86,071 $ 64,000
Pike, Indiana 14 $ 1,373,000 $ 98,071 $ 83,000
Rush, Indiana 14 $ 1,160,000 $ 82,857 $ 57,000
Scott, Indiana 13 $ 1,102,000 $ 84,769 $ 47,000
Tipton, Indiana 13 $ 1,353,000 $ 104,076 $ 65,000
Jennings, Indiana 12 $ 1,001,000 $ 83,416 $ 41,000
Newton, Indiana 11 $ 1,125,000 $ 102,272 $ 56,000
Blackford, Indiana 10 $ 799,000 $ 79,900 $ 51,000
Clay, Indiana 10 $ 1,018,000 $ 101,800 $ 51,000
Daviess, Indiana 10 $ 694,000 $ 69,400 $ 53,000
Fountain, Indiana 10 $ 900,000 $ 90,000 $ 57,000
White, Indiana 10 $ 882,000 $ 88,200 $ 56,000
Decatur, Indiana 9 $ 515,000 $ 57,222 $ 69,000
Carroll, Indiana 8 $ 871,000 $ 108,875 $ 72,000
Vermillion, Indiana 8 $ 706,000 $ 88,250 $ 67,000
Martin, Indiana 7 $ 622,000 $ 88,857 $ 62,000
Sullivan, Indiana 7 $ 406,000 $ 58,000 $ 41,000
Cook, Illinois 6 $ 538,000 $ 89,666 $ 88,000
Parke, Indiana 6 $ 525,000 $ 87,500 $ 48,000
Pulaski, Indiana 6 $ 552,000 $ 92,000 $ 69,000
Berrien, Michigan 6 $ 481,000 $ 80,166 $ 71,000
Union, Indiana 5 $ 647,000 $ 129,400 $ 68,000
Jefferson, Kentucky 5 $ 538,000 $ 107,600 $ 59,000
Warren, Indiana 4 $ 350,000 $ 87,500 $ 57,000
Benton, Indiana 3 $ 297,000 $ 99,000 $ 44,000
Crawford, Indiana 3 $ 294,000 $ 98,000 $ 62,000
Ripley, Indiana 3 $ 348,000 $ 116,000 $ 75,000
Switzerland, Indiana 3 $ 312,000 $ 104,000 $ 79,000
Will, Illinois 2 $ 355,000 $ 177,500 $ 66,000
Ohio, Indiana 2 $ 251,000 $ 125,500 $ 42,000
Baldwin, Alabama 1 $ 200,000 $ 200,000 $ 0
San Bernardino, California 1 $ 120,000 $ 120,000 $ 48,000
Larimer, Colorado 1 $ 52,000 $ 52,000 $ 45,000
Saline, Illinois 1 $ 66,000 $ 66,000 $ 70,000
Shawnee, Kansas 1 $ 12,000 $ 12,000 $ 40,000
Bullitt, Kentucky 1 $ 90,000 $ 90,000 $ 56,000
Calhoun, Michigan 1 $ 119,000 $ 119,000 $ 64,000
Wayne, Michigan 1 $ 171,000 $ 171,000 $ 50,000
Durham, North Carolina 1 $ 98,000 $ 98,000 $ 60,000
Paulding, Ohio 1 $ 68,000 $ 68,000 $ 32,000

Mortgage Loan Application Detail Totals for Wells Fargo Fin'l Indiana, Inc 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 4,900 $563,854,000 $115,000 $700,000 $62,000 $1,200,000
Home Improvement 226 $17,414,000 $77,000 $350,000 $56,000 $216,000
Home Purchase 19 $1,318,000 $69,000 $350,000 $54,000 $140,000

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 4,011 $464,592,000 $115,000 $693,000 $63,000 $1,200,000
Black or African American 667 $70,235,000 $105,000 $700,000 $57,000 $275,000
Not Provided 212 $21,368,000 $100,000 $475,000 $62,000 $188,000
Hispanic 187 $19,440,000 $103,000 $301,000 $55,000 $165,000
American Indian or Alaskan Native 38 $3,914,000 $103,000 $250,000 $51,000 $115,000
Asian 19 $2,130,000 $112,000 $277,000 $64,000 $113,000
Native Hawaiian or Other Pacific Islander 11 $907,000 $82,000 $145,000 $61,000 $200,000
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) 5,145 $582,586,000 $113,000 $700,000 $62,000 $1,200,000
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 2,165 $242,724,000 $112,000 $700,000 $60,000 $738,000
Application Withdrawn By Applicant 1,560 $169,981,000 $108,000 $688,000 $64,000 $1,200,000
Loan Originated 960 $109,534,000 $114,000 $604,000 $61,000 $237,000
File Closed For Incompleteness 449 $58,721,000 $130,000 $693,000 $65,000 $310,000
Application Approved But Not Accepted 11 $1,626,000 $147,000 $285,000 $71,000 $105,000
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 Indiana, Inc's 2006 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 Indiana, 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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