Wells Fargo Fin'l Sys Florida Mortgage Lending & HMDA Data, 2008
In 2008, Wells Fargo Fin'l Sys Florida of Des Moines, IA reported 10,939 mortgage applications totaling $1.7 billion, down 52% from 2007. The average application was for $153,968, and applicants reported an average income of $68,018. 13% of its applications resulted in an originated loan and 52% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (1,797), Orlando-Kissimmee, FL (1,386) and Jacksonville, FL (1,229) (applications in parentheses).
| Mortgage Company & Address | Wells Fargo Fin'l Sys Florida 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 | 10,939 |
| Total Mortgage Loan Application Amount | $1,684,259,000 |
| Average Mortgage Loan Application Amount | $153,968 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $68,018 |
| Highest Applicant Income | $1,560,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wells Fargo Fin'l Sys Florida filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tampa-St. Petersburg-Clearwater, FL | 1,797 | $ 267,548,000 | $ 148,885 | $ 67,000 |
| Orlando-Kissimmee, FL | 1,386 | $ 244,646,000 | $ 176,512 | $ 70,000 |
| Jacksonville, FL | 1,229 | $ 169,541,000 | $ 137,950 | $ 66,000 |
| Miami-Miami Beach-Kendall, FL | 925 | $ 181,396,000 | $ 196,103 | $ 81,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 781 | $ 145,460,000 | $ 186,248 | $ 77,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 515 | $ 92,024,000 | $ 178,687 | $ 81,000 |
| Pensacola-Ferry Pass-Brent, FL | 461 | $ 54,665,000 | $ 118,579 | $ 58,000 |
| Lakeland-Winter Haven, FL | 399 | $ 50,357,000 | $ 126,208 | $ 61,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 334 | $ 51,798,000 | $ 155,083 | $ 60,000 |
| Bradenton-Sarasota-Venice, FL | 329 | $ 49,758,000 | $ 151,240 | $ 72,000 |
| Palm Bay-Melbourne-Titusville, FL | 322 | $ 46,843,000 | $ 145,475 | $ 64,000 |
| Cape Coral-Fort Myers, FL | 280 | $ 44,991,000 | $ 160,682 | $ 69,000 |
| Tallahassee, FL | 269 | $ 34,184,000 | $ 127,078 | $ 64,000 |
| Port St. Lucie, FL | 238 | $ 36,563,000 | $ 153,626 | $ 70,000 |
| Ocala, FL | 223 | $ 26,733,000 | $ 119,878 | $ 53,000 |
| Panama City-Lynn Haven, FL | 159 | $ 20,197,000 | $ 127,025 | $ 60,000 |
| Fort Walton Beach-Crestview-Destin, FL | 143 | $ 20,745,000 | $ 145,069 | $ 63,000 |
| Gainesville, FL | 130 | $ 16,724,000 | $ 128,646 | $ 63,000 |
| Naples-Marco Island, FL | 83 | $ 21,019,000 | $ 253,240 | $ 75,000 |
| Punta Gorda, FL | 60 | $ 6,484,000 | $ 108,066 | $ 61,000 |
| Sebastian-Vero Beach, FL | 56 | $ 6,489,000 | $ 115,875 | $ 60,000 |
| Palm Coast, FL | 46 | $ 7,986,000 | $ 173,608 | $ 61,000 |
| Atlanta-Sandy Springs-Marietta, GA | 8 | $ 955,000 | $ 119,375 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6 | $ 643,000 | $ 107,166 | $ 180,000 |
| New York-White Plains-Wayne, NY-NJ | 5 | $ 880,000 | $ 176,000 | $ 64,800 |
| Duluth, MN-WI | 4 | $ 310,000 | $ 77,500 | $ 113,000 |
| Cleveland-Elyria-Mentor, OH | 3 | $ 215,000 | $ 71,666 | $ 142,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 283,000 | $ 94,333 | $ 90,333 |
| Augusta-Richmond County, GA-SC | 2 | $ 126,000 | $ 63,000 | $ 50,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 284,000 | $ 142,000 | $ 80,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 295,000 | $ 147,500 | $ 68,000 |
| Columbus, GA-AL | 2 | $ 138,000 | $ 69,000 | $ 38,500 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 63,000 | $ 31,500 | $ 69,000 |
| Indianapolis-Carmel, IN | 2 | $ 285,000 | $ 142,500 | $ 53,000 |
| Las Vegas-Paradise, NV | 2 | $ 325,000 | $ 162,500 | $ 107,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 232,000 | $ 116,000 | $ 52,000 |
| Akron, OH | 1 | $ 35,000 | $ 35,000 | $ 118,000 |
| Albuquerque, NM | 1 | $ 10,000 | $ 10,000 | $ 67,000 |
| Ann Arbor, MI | 1 | $ 180,000 | $ 180,000 | $ 67,000 |
| Bakersfield, CA | 1 | $ 50,000 | $ 50,000 | $ 250,000 |
| Baltimore-Towson, MD | 1 | $ 84,000 | $ 84,000 | $ 32,000 |
| Baton Rouge, LA | 1 | $ 117,000 | $ 117,000 | $ 230,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 150,000 | $ 150,000 | $ 125,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 200,000 | $ 200,000 | $ 60,000 |
| Camden, NJ | 1 | $ 151,000 | $ 151,000 | $ 134,000 |
| Chattanooga, TN-GA | 1 | $ 170,000 | $ 170,000 | $ 41,000 |
| Clarksville, TN-KY | 1 | $ 100,000 | $ 100,000 | $ 105,000 |
| Colorado Springs, CO | 1 | $ 30,000 | $ 30,000 | $ 90,000 |
| Columbus, OH | 1 | $ 165,000 | $ 165,000 | $ 37,000 |
| Dallas-Plano-Irving, TX | 1 | $ 450,000 | $ 450,000 | $ 50,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 100,000 | $ 100,000 | $ 121,000 |
| El Paso, TX | 1 | $ 65,000 | $ 65,000 | $ 80,000 |
| Flagstaff, AZ | 1 | $ 181,000 | $ 181,000 | $ 21,000 |
| Fort Collins-Loveland, CO | 1 | $ 146,000 | $ 146,000 | $ 70,000 |
| Fort Worth-Arlington, TX | 1 | $ 95,000 | $ 95,000 | $ 107,000 |
| Gary, IN | 1 | $ 285,000 | $ 285,000 | $ 165,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 60,000 | $ 60,000 | $ 69,000 |
| Kansas City, MO-KS | 1 | $ 175,000 | $ 175,000 | $ 118,000 |
| Knoxville, TN | 1 | $ 123,000 | $ 123,000 | $ 33,000 |
| Las Cruces, NM | 1 | $ 20,000 | $ 20,000 | $ 78,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 12,000 | $ 12,000 | $ 48,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 25,000 | $ 25,000 | $ 67,000 |
| Nassau-Suffolk, NY | 1 | $ 155,000 | $ 155,000 | $ 73,000 |
| Ocean City, NJ | 1 | $ 300,000 | $ 300,000 | $ 138,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 30,000 | $ 30,000 | $ 74,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 30,000 | $ 30,000 | $ 0 |
| Richmond, VA | 1 | $ 10,000 | $ 10,000 | $ 36,000 |
| Roanoke, VA | 1 | $ 186,000 | $ 186,000 | $ 148,000 |
| Rockingham County-Strafford County, NH | 1 | $ 285,000 | $ 285,000 | $ 66,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 50,000 | $ 50,000 | $ 47,000 |
| Salisbury, MD | 1 | $ 30,000 | $ 30,000 | $ 71,000 |
| San Antonio, TX | 1 | $ 15,000 | $ 15,000 | $ 43,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 180,000 | $ 180,000 | $ 100,000 |
| Savannah, GA | 1 | $ 192,000 | $ 192,000 | $ 39,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 364,000 | $ 364,000 | $ 105,000 |
| Springfield, MA | 1 | $ 260,000 | $ 260,000 | $ 266,000 |
| Syracuse, NY | 1 | $ 92,000 | $ 92,000 | $ 64,000 |
| Tulsa, OK | 1 | $ 25,000 | $ 25,000 | $ 19,000 |
| Valdosta, GA | 1 | $ 50,000 | $ 50,000 | $ 62,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 100,000 | $ 100,000 | $ 61,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 383,000 | $ 383,000 | $ 146,000 |
| Winchester, VA-WV | 1 | $ 50,000 | $ 50,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Wells Fargo Fin'l Sys Florida 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 | 8,423 | $1,440,291,000 | $170,000 | $2,000,000 | $68,000 | $1,560,000 |
| Home Improvement | 2,466 | $238,058,000 | $96,000 | $1,500,000 | $68,000 | $1,152,000 |
| Home Purchase | 50 | $5,910,000 | $118,000 | $680,000 | $72,000 | $209,000 |
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 | 6,260 | $940,866,000 | $150,000 | $2,000,000 | $69,000 | $1,320,000 |
| Black or African American | 2,042 | $294,858,000 | $144,000 | $851,000 | $61,000 | $1,209,000 |
| Hispanic | 1,589 | $278,057,000 | $174,000 | $1,400,000 | $70,000 | $1,152,000 |
| Not Provided | 708 | $117,000,000 | $165,000 | $1,270,000 | $73,000 | $1,560,000 |
| Asian | 185 | $30,978,000 | $167,000 | $700,000 | $78,000 | $324,000 |
| American Indian or Alaskan Native | 116 | $15,571,000 | $134,000 | $1,593,000 | $65,000 | $392,000 |
| Native Hawaiian or Other Pacific Islander | 39 | $6,929,000 | $177,000 | $800,000 | $77,000 | $193,000 |
| 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) | 10,939 | $1,684,259,000 | $153,000 | $2,000,000 | $68,000 | $1,560,000 |
| 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 | 5,720 | $927,495,000 | $162,000 | $2,000,000 | $64,000 | $1,080,000 |
| Application Withdrawn By Applicant | 2,765 | $397,856,000 | $143,000 | $925,000 | $74,000 | $1,320,000 |
| Loan Originated | 1,372 | $201,966,000 | $147,000 | $781,000 | $65,000 | $382,000 |
| File Closed For Incompleteness | 1,041 | $151,364,000 | $145,000 | $1,355,000 | $79,000 | $1,560,000 |
| Application Approved But Not Accepted | 41 | $5,578,000 | $136,000 | $402,000 | $60,000 | $210,000 |
| 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 Sys Florida'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 Sys Florida'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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