Wells Fargo Fin'l Indiana, Inc Mortgage Lending & HMDA Data, 2007

In 2007, Wells Fargo Fin'l Indiana, Inc of Des Moines, IA reported 6,368 mortgage applications totaling $639.1 million, up 24% from 2006. The average application was for $100,356, and applicants reported an average income of $59,960. 15% of its applications resulted in an originated loan and 46% were denied. Its largest markets were Indianapolis-Carmel, IN (1,840), Gary, IN (850) and Fort Wayne, IN (676) (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 6,368
Total Mortgage Loan Application Amount $639,069,000
Average Mortgage Loan Application Amount $100,356
Highest Mortgage Loan Application Amount $1,850,000
Average Applicant Income $59,960
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records Wells Fargo Fin'l Indiana, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marion, Indiana 1,004 $ 103,623,000 $ 103,210 $ 61,000
Lake, Indiana 628 $ 66,410,000 $ 105,748 $ 61,000
Allen, Indiana 596 $ 46,482,000 $ 77,989 $ 51,000
Hamilton, Indiana 244 $ 45,343,000 $ 185,831 $ 94,000
St. Joseph, Indiana 238 $ 17,523,000 $ 73,626 $ 52,000
Porter, Indiana 189 $ 25,044,000 $ 132,507 $ 73,000
Vanderburgh, Indiana 163 $ 14,655,000 $ 89,907 $ 53,000
Hendricks, Indiana 162 $ 23,525,000 $ 145,216 $ 80,000
Elkhart, Indiana 137 $ 12,440,000 $ 90,802 $ 56,000
Johnson, Indiana 125 $ 14,653,000 $ 117,224 $ 68,000
Clark, Indiana 111 $ 12,137,000 $ 109,342 $ 55,000
LaPorte, Indiana 101 $ 7,601,000 $ 75,257 $ 57,000
Howard, Indiana 94 $ 8,717,000 $ 92,734 $ 59,000
Delaware, Indiana 91 $ 6,871,000 $ 75,505 $ 48,000
Madison, Indiana 91 $ 7,612,000 $ 83,648 $ 52,000
Morgan, Indiana 80 $ 9,551,000 $ 119,387 $ 66,000
Tippecanoe, Indiana 80 $ 7,986,000 $ 99,825 $ 58,000
DeKalb, Indiana 79 $ 6,375,000 $ 80,696 $ 59,000
Noble, Indiana 71 $ 6,530,000 $ 91,971 $ 61,000
Steuben, Indiana 68 $ 6,293,000 $ 92,544 $ 56,000
Hancock, Indiana 65 $ 8,050,000 $ 123,846 $ 75,000
Kosciusko, Indiana 65 $ 6,435,000 $ 99,000 $ 60,000
Miami, Indiana 65 $ 4,394,000 $ 67,600 $ 47,000
Monroe, Indiana 65 $ 7,497,000 $ 115,338 $ 59,000
Floyd, Indiana 59 $ 6,567,000 $ 111,305 $ 53,000
Boone, Indiana 57 $ 11,580,000 $ 203,157 $ 82,000
LaGrange, Indiana 55 $ 5,524,000 $ 100,436 $ 59,000
Shelby, Indiana 54 $ 5,610,000 $ 103,888 $ 63,000
Warrick, Indiana 54 $ 4,893,000 $ 90,611 $ 58,000
Cass, Indiana 52 $ 4,037,000 $ 77,634 $ 47,000
Bartholomew, Indiana 50 $ 5,514,000 $ 110,280 $ 56,000
Huntington, Indiana 49 $ 3,756,000 $ 76,653 $ 57,000
Adams, Indiana 47 $ 4,533,000 $ 96,446 $ 58,000
Henry, Indiana 47 $ 3,928,000 $ 83,574 $ 48,000
Wabash, Indiana 45 $ 2,861,000 $ 63,577 $ 49,000
Lawrence, Indiana 43 $ 3,314,000 $ 77,069 $ 47,000
Wells, Indiana 43 $ 3,306,000 $ 76,883 $ 54,000
Wayne, Indiana 39 $ 3,084,000 $ 79,076 $ 49,000
Knox, Indiana 38 $ 2,645,000 $ 69,605 $ 55,000
Whitley, Indiana 37 $ 3,236,000 $ 87,459 $ 53,000
Grant, Indiana 36 $ 2,701,000 $ 75,027 $ 48,000
Gibson, Indiana 35 $ 3,665,000 $ 104,714 $ 60,000
Dubois, Indiana 34 $ 3,201,000 $ 94,147 $ 50,000
Jackson, Indiana 34 $ 2,896,000 $ 85,176 $ 51,000
Putnam, Indiana 34 $ 4,363,000 $ 128,323 $ 70,000
Washington, Indiana 34 $ 3,579,000 $ 105,264 $ 52,000
Dearborn, Indiana 32 $ 4,391,000 $ 137,218 $ 68,000
Vigo, Indiana 31 $ 2,169,000 $ 69,967 $ 68,000
Fulton, Indiana 30 $ 2,010,000 $ 67,000 $ 60,000
White, Indiana 30 $ 2,059,000 $ 68,633 $ 54,000
Clinton, Indiana 29 $ 2,316,000 $ 79,862 $ 54,000
Rush, Indiana 28 $ 1,583,000 $ 56,535 $ 48,000
Jennings, Indiana 25 $ 2,489,000 $ 99,560 $ 53,000
Jay, Indiana 24 $ 1,662,000 $ 69,250 $ 55,000
Harrison, Indiana 22 $ 2,457,000 $ 111,681 $ 62,000
Blackford, Indiana 21 $ 1,255,000 $ 59,761 $ 47,000
Jasper, Indiana 21 $ 1,525,000 $ 72,619 $ 63,000
Posey, Indiana 21 $ 2,516,000 $ 119,809 $ 58,000
Greene, Indiana 20 $ 1,678,000 $ 83,900 $ 45,000
Jefferson, Indiana 20 $ 1,523,000 $ 76,150 $ 55,000
Marshall, Indiana 20 $ 2,019,000 $ 100,950 $ 70,000
Montgomery, Indiana 20 $ 1,799,000 $ 89,950 $ 65,000
Carroll, Indiana 19 $ 1,530,000 $ 80,526 $ 58,000
Spencer, Indiana 19 $ 2,184,000 $ 114,947 $ 62,000
Starke, Indiana 19 $ 1,294,000 $ 68,105 $ 52,000
Randolph, Indiana 18 $ 1,410,000 $ 78,333 $ 53,000
Pike, Indiana 17 $ 1,295,000 $ 76,176 $ 49,000
Daviess, Indiana 16 $ 1,638,000 $ 102,375 $ 53,000
Decatur, Indiana 16 $ 1,084,000 $ 67,750 $ 49,000
Fayette, Indiana 16 $ 1,522,000 $ 95,125 $ 51,000
Perry, Indiana 16 $ 1,275,000 $ 79,687 $ 46,000
Brown, Indiana 15 $ 1,245,000 $ 83,000 $ 52,000
Owen, Indiana 15 $ 1,671,000 $ 111,400 $ 59,000
Franklin, Indiana 14 $ 1,815,000 $ 129,642 $ 54,000
Orange, Indiana 14 $ 1,139,000 $ 81,357 $ 46,000
Ripley, Indiana 14 $ 1,434,000 $ 102,428 $ 48,000
Tipton, Indiana 14 $ 1,026,000 $ 73,285 $ 47,000
Clay, Indiana 13 $ 849,000 $ 65,307 $ 58,000
Newton, Indiana 12 $ 1,369,000 $ 114,083 $ 55,000
Pulaski, Indiana 12 $ 669,000 $ 55,750 $ 47,000
Scott, Indiana 12 $ 1,503,000 $ 125,250 $ 53,000
Fountain, Indiana 11 $ 1,031,000 $ 93,727 $ 57,000
Parke, Indiana 10 $ 622,000 $ 62,200 $ 48,000
Cook, Illinois 7 $ 1,091,000 $ 155,857 $ 89,000
Benton, Indiana 7 $ 754,000 $ 107,714 $ 69,000
Union, Indiana 7 $ 802,000 $ 114,571 $ 64,000
Vermillion, Indiana 7 $ 510,000 $ 72,857 $ 67,000
Martin, Indiana 5 $ 450,000 $ 90,000 $ 68,000
Sullivan, Indiana 5 $ 545,000 $ 109,000 $ 72,000
Scott, Iowa 4 $ 105,000 $ 26,250 $ 47,000
Switzerland, Indiana 3 $ 600,000 $ 200,000 $ 88,000
Will, Illinois 2 $ 288,000 $ 144,000 $ 54,000
Crawford, Indiana 2 $ 121,000 $ 60,500 $ 26,000
Ohio, Indiana 2 $ 115,000 $ 57,500 $ 47,000
Warren, Indiana 2 $ 135,000 $ 67,500 $ 59,000
Alameda, California 1 $ 210,000 $ 210,000 $ 126,000
Lee, Florida 1 $ 194,000 $ 194,000 $ 94,000
Pasco, Florida 1 $ 20,000 $ 20,000 $ 71,000
Sarasota, Florida 1 $ 10,000 $ 10,000 $ 28,000
Cobb, Georgia 1 $ 207,000 $ 207,000 $ 43,000
Paulding, Georgia 1 $ 11,000 $ 11,000 $ 42,000
Daviess, Kentucky 1 $ 150,000 $ 150,000 $ 276,000
Henderson, Kentucky 1 $ 100,000 $ 100,000 $ 52,000
Jefferson, Kentucky 1 $ 107,000 $ 107,000 $ 79,000
Trimble, Kentucky 1 $ 70,000 $ 70,000 $ 46,000
Berrien, Michigan 1 $ 10,000 $ 10,000 $ 36,000
Cass, Michigan 1 $ 117,000 $ 117,000 $ 53,000
Tuscola, Michigan 1 $ 63,000 $ 63,000 $ 18,000
Jasper, Mississippi 1 $ 48,000 $ 48,000 $ 17,000
Cuyahoga, Ohio 1 $ 109,000 $ 109,000 $ 45,000
Sevier, Tennessee 1 $ 183,000 $ 183,000 $ 103,000
Collin, Texas 1 $ 50,000 $ 50,000 $ 122,000
Tarrant, Texas 1 $ 48,000 $ 48,000 $ 20,000
Fairfax, Virginia 1 $ 100,000 $ 100,000 $ 43,000
King George, Virginia 1 $ 100,000 $ 100,000 $ 231,000
Pierce, Washington 1 $ 50,000 $ 50,000 $ 54,000

Mortgage Loan Application Detail Totals for Wells Fargo Fin'l Indiana, Inc in 2007

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 5,010 $586,658,000 $117,000 $1,850,000 $61,000 $475,000
Home Improvement 1,330 $50,956,000 $38,000 $590,000 $56,000 $1,200,000
Home Purchase 28 $1,455,000 $51,000 $300,000 $62,000 $231,000

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 4,888 $511,645,000 $104,000 $1,850,000 $61,000 $1,200,000
Black or African American 801 $67,188,000 $83,000 $575,000 $54,000 $987,000
Not Provided 308 $29,042,000 $94,000 $578,000 $59,000 $437,000
Hispanic 265 $22,461,000 $84,000 $398,000 $52,000 $151,000
American Indian or Alaskan Native 64 $4,997,000 $78,000 $400,000 $56,000 $177,000
Asian 33 $3,031,000 $91,000 $280,000 $55,000 $101,000
Native Hawaiian or Other Pacific Islander 9 $705,000 $78,000 $233,000 $67,000 $150,000
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) 6,368 $639,069,000 $100,000 $1,850,000 $60,000 $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 2,898 $281,192,000 $97,000 $790,000 $56,000 $356,000
Application Withdrawn By Applicant 1,786 $170,050,000 $95,000 $1,850,000 $64,000 $1,200,000
Loan Originated 978 $109,766,000 $112,000 $499,000 $60,000 $409,000
File Closed For Incompleteness 694 $76,676,000 $110,000 $800,000 $66,000 $1,080,000
Application Approved But Not Accepted 12 $1,385,000 $115,000 $199,000 $59,000 $106,000
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 2007 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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