Wells Fargo Finl Wisconsin Inc Mortgage Lending & HMDA Data, 2008

In 2008, Wells Fargo Finl Wisconsin Inc of Des Moines, IA reported 3,753 mortgage applications totaling $495.9 million, down 34% from 2007. The average application was for $132,137, and applicants reported an average income of $67,688. 17% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (1,177), Green Bay, WI (257) and Madison, WI (248) (applications in parentheses).

Mortgage Company & Address Wells Fargo Finl Wisconsin 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 3,753
Total Mortgage Loan Application Amount $495,912,000
Average Mortgage Loan Application Amount $132,137
Highest Mortgage Loan Application Amount $790,000
Average Applicant Income $67,688
Highest Applicant Income $1,200,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wells Fargo Finl Wisconsin Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Finl Wisconsin 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
Milwaukee, Wisconsin 845 $ 102,419,000 $ 121,205 $ 65,000
Waukesha, Wisconsin 208 $ 41,012,000 $ 197,173 $ 93,000
Brown, Wisconsin 191 $ 24,595,000 $ 128,769 $ 68,000
Dane, Wisconsin 190 $ 34,162,000 $ 179,800 $ 74,000
Racine, Wisconsin 124 $ 15,111,000 $ 121,862 $ 71,000
Sheboygan, Wisconsin 121 $ 13,813,000 $ 114,157 $ 60,000
Outagamie, Wisconsin 108 $ 12,524,000 $ 115,962 $ 70,000
Rock, Wisconsin 103 $ 12,061,000 $ 117,097 $ 59,000
Winnebago, Wisconsin 97 $ 12,071,000 $ 124,443 $ 70,000
Marathon, Wisconsin 89 $ 10,606,000 $ 119,168 $ 64,000
Kenosha, Wisconsin 81 $ 12,462,000 $ 153,851 $ 70,000
Washington, Wisconsin 77 $ 12,277,000 $ 159,441 $ 89,000
Manitowoc, Wisconsin 74 $ 8,284,000 $ 111,945 $ 58,000
St. Croix, Wisconsin 71 $ 12,958,000 $ 182,507 $ 91,000
Sauk, Wisconsin 70 $ 8,602,000 $ 122,885 $ 73,000
Douglas, Wisconsin 66 $ 8,179,000 $ 123,924 $ 60,000
Eau Claire, Wisconsin 64 $ 7,662,000 $ 119,718 $ 61,000
Fond du Lac, Wisconsin 61 $ 7,402,000 $ 121,344 $ 60,000
La Crosse, Wisconsin 58 $ 7,096,000 $ 122,344 $ 64,000
Jefferson, Wisconsin 55 $ 10,206,000 $ 185,563 $ 76,000
Oconto, Wisconsin 51 $ 7,665,000 $ 150,294 $ 63,000
Ozaukee, Wisconsin 47 $ 8,822,000 $ 187,702 $ 79,000
Chippewa, Wisconsin 44 $ 4,964,000 $ 112,818 $ 81,000
Columbia, Wisconsin 42 $ 6,984,000 $ 166,285 $ 74,000
Dodge, Wisconsin 41 $ 4,959,000 $ 120,951 $ 61,000
Walworth, Wisconsin 38 $ 4,753,000 $ 125,078 $ 67,000
Marinette, Wisconsin 36 $ 3,157,000 $ 87,694 $ 52,000
Barron, Wisconsin 33 $ 4,828,000 $ 146,303 $ 62,000
Wood, Wisconsin 32 $ 2,875,000 $ 89,843 $ 63,000
Polk, Wisconsin 31 $ 4,459,000 $ 143,838 $ 71,000
Waupaca, Wisconsin 31 $ 4,310,000 $ 139,032 $ 54,000
Monroe, Wisconsin 29 $ 3,499,000 $ 120,655 $ 55,000
Shawano, Wisconsin 29 $ 3,185,000 $ 109,827 $ 59,000
Portage, Wisconsin 25 $ 3,255,000 $ 130,200 $ 80,000
Oneida, Wisconsin 24 $ 2,790,000 $ 116,250 $ 69,000
Green, Wisconsin 23 $ 2,515,000 $ 109,347 $ 61,000
Pierce, Wisconsin 21 $ 2,535,000 $ 120,714 $ 74,000
Trempealeau, Wisconsin 21 $ 2,303,000 $ 109,666 $ 93,000
Calumet, Wisconsin 19 $ 2,794,000 $ 147,052 $ 70,000
Rusk, Wisconsin 19 $ 1,243,000 $ 65,421 $ 49,000
Dunn, Wisconsin 18 $ 2,361,000 $ 131,166 $ 53,000
Lincoln, Wisconsin 18 $ 2,325,000 $ 129,166 $ 50,000
Door, Wisconsin 17 $ 1,943,000 $ 114,294 $ 55,000
Juneau, Wisconsin 17 $ 1,977,000 $ 116,294 $ 51,000
Adams, Wisconsin 16 $ 1,785,000 $ 111,562 $ 62,000
Iowa, Wisconsin 16 $ 1,907,000 $ 119,187 $ 56,000
Vernon, Wisconsin 16 $ 1,868,000 $ 116,750 $ 50,000
Kewaunee, Wisconsin 15 $ 1,724,000 $ 114,933 $ 50,000
Grant, Wisconsin 14 $ 1,685,000 $ 120,357 $ 79,000
Sawyer, Wisconsin 14 $ 1,761,000 $ 125,785 $ 53,000
Jackson, Wisconsin 13 $ 1,228,000 $ 94,461 $ 51,000
Price, Wisconsin 13 $ 455,000 $ 35,000 $ 37,000
Taylor, Wisconsin 13 $ 2,097,000 $ 161,307 $ 72,000
Clark, Wisconsin 11 $ 999,000 $ 90,818 $ 57,000
Langlade, Wisconsin 11 $ 1,180,000 $ 107,272 $ 46,000
Waushara, Wisconsin 11 $ 1,061,000 $ 96,454 $ 50,000
Ashland, Wisconsin 10 $ 1,108,000 $ 110,800 $ 53,000
Iron, Wisconsin 9 $ 851,000 $ 94,555 $ 63,000
Marquette, Wisconsin 9 $ 963,000 $ 107,000 $ 51,000
Richland, Wisconsin 9 $ 820,000 $ 91,111 $ 41,000
Bayfield, Wisconsin 8 $ 1,100,000 $ 137,500 $ 68,000
Lafayette, Wisconsin 8 $ 892,000 $ 111,500 $ 63,000
Buffalo, Wisconsin 7 $ 808,000 $ 115,428 $ 83,000
Washburn, Wisconsin 7 $ 532,000 $ 76,000 $ 51,000
Green Lake, Wisconsin 6 $ 686,000 $ 114,333 $ 36,000
Vilas, Wisconsin 6 $ 609,000 $ 101,500 $ 53,000
Burnett, Wisconsin 5 $ 452,000 $ 90,400 $ 63,000
Crawford, Wisconsin 5 $ 629,000 $ 125,800 $ 41,000
Menominee, Wisconsin 5 $ 524,000 $ 104,800 $ 61,000
Pepin, Wisconsin 5 $ 459,000 $ 91,800 $ 50,000
Forest, Wisconsin 4 $ 216,000 $ 54,000 $ 78,000
Houston, Minnesota 3 $ 494,000 $ 164,666 $ 83,000
Wayne, Michigan 2 $ 384,000 $ 192,000 $ 73,000
Meeker, Minnesota 2 $ 460,000 $ 230,000 $ 82,000
Winona, Minnesota 2 $ 353,000 $ 176,500 $ 55,000
Butte, California 1 $ 422,000 $ 422,000 $ 152,000
Contra Costa, California 1 $ 100,000 $ 100,000 $ 178,000
Broward, Florida 1 $ 10,000 $ 10,000 $ 46,000
Cook, Illinois 1 $ 285,000 $ 285,000 $ 80,000
McHenry, Illinois 1 $ 50,000 $ 50,000 $ 65,000
Dubuque, Iowa 1 $ 107,000 $ 107,000 $ 26,000
Cass, Michigan 1 $ 74,000 $ 74,000 $ 49,000
Marquette, Michigan 1 $ 15,000 $ 15,000 $ 48,000
Menominee, Michigan 1 $ 75,000 $ 75,000 $ 43,000
Oakland, Michigan 1 $ 110,000 $ 110,000 $ 99,000
Fillmore, Minnesota 1 $ 13,000 $ 13,000 $ 70,000
Hinds, Mississippi 1 $ 10,000 $ 10,000 $ 82,000
Clay, Nebraska 1 $ 25,000 $ 25,000 $ 199,000
Clark, Nevada 1 $ 50,000 $ 50,000 $ 87,000
Orange, North Carolina 1 $ 62,000 $ 62,000 $ 134,000
Walworth, South Dakota 1 $ 59,000 $ 59,000 $ 109,000
Harris, Texas 1 $ 300,000 $ 300,000 $ 85,000
Montgomery, Texas 1 $ 10,000 $ 10,000 $ 38,000
Florence, Wisconsin 1 $ 42,000 $ 42,000 $ 50,000

Mortgage Loan Application Detail Totals for Wells Fargo Finl Wisconsin 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 3,095 $456,581,000 $147,000 $790,000 $68,000 $1,200,000
Home Improvement 637 $37,232,000 $58,000 $690,000 $66,000 $727,000
Home Purchase 21 $2,099,000 $99,000 $400,000 $73,000 $211,000

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 3,018 $409,155,000 $135,000 $790,000 $69,000 $1,200,000
Black or African American 367 $41,554,000 $113,000 $431,000 $57,000 $269,000
Hispanic 161 $19,325,000 $120,000 $479,000 $57,000 $211,000
Not Provided 99 $12,090,000 $122,000 $460,000 $78,000 $293,000
Asian 55 $8,149,000 $148,000 $729,000 $67,000 $187,000
American Indian or Alaskan Native 43 $4,334,000 $100,000 $324,000 $63,000 $191,000
Native Hawaiian or Other Pacific Islander 10 $1,305,000 $130,000 $261,000 $64,000 $124,000
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) 3,753 $495,912,000 $132,000 $790,000 $68,000 $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 1,797 $239,619,000 $133,000 $790,000 $62,000 $1,200,000
Application Withdrawn By Applicant 1,002 $124,734,000 $124,000 $640,000 $71,000 $327,000
Loan Originated 632 $94,138,000 $148,000 $566,000 $71,000 $275,000
File Closed For Incompleteness 301 $34,526,000 $114,000 $686,000 $82,000 $730,000
Application Approved But Not Accepted 21 $2,895,000 $137,000 $355,000 $77,000 $180,000
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 Finl Wisconsin 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 Finl Wisconsin 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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