Prince of Wales-Outer Ketchikan, AK Mortgage Lenders & HMDA Data, 2007
In 2007, lenders reported 136 mortgage applications in Prince of Wales-Outer Ketchikan, AK totaling $19.0 million, down 1% from 2006. The average application was for $139,000, and applicants reported an average income of $63,000. 26% of applications resulted in an originated loan and 38% were denied. The most active lender was Wells Fargo Bank, NA, with 48 applications, followed by Wells Fargo Fin'l Alaska, Inc and Countrywide Home Loans.
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| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 136 |
| Total Mortgage Loan Application Amount | $18,964,000 |
| Average Mortgage Loan Application Amount | $139,000 |
| Highest Mortgage Loan Application Amount | $696,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $250,000 |
Top Mortgage Lenders in Prince of Wales-Outer Ketchikan, AK (2007)
Ranked by the number of mortgage applications each lender reported in Prince of Wales-Outer Ketchikan, AK in 2007.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
48 | $6,088,000 | $126,000 | $60,000 |
| 2 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
28 | $2,657,000 | $94,000 | $54,000 |
| 3 | Countrywide Home Loans Westlake Village, CA |
12 | $1,633,000 | $136,000 | $60,000 |
| 4 | Gmac Mortgage LLC Ft. Washington, PA |
6 | $824,000 | $137,000 | $46,000 |
| 5 | Countrywide Bank FSB Westlake Village, CA |
3 | $698,000 | $232,000 | $63,000 |
| 6 | BNC Mortgage New York, NY |
3 | $501,000 | $167,000 | $85,000 |
| 7 | Wells Fargo Funding, Inc Winston-Salem, NC |
3 | $385,000 | $128,000 | $91,000 |
| 8 | Flagstar Bank Troy, MI |
2 | $318,000 | $159,000 | $66,000 |
| 9 | Franklin Bank SSB Houston, TX |
2 | $390,000 | $195,000 | $75,000 |
| 10 | Indymac Bank, F.S.B. Pasadena, CA |
2 | $478,000 | $239,000 | $30,000 |
See every lender active in Prince of Wales-Outer Ketchikan, AK in 2007 »
The tables below break down 2007 mortgage applications in Prince of Wales-Outer Ketchikan, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Prince of Wales-Outer Ketchikan, AK 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 | 55 | $9,396,000 | $170,000 | $696,000 | $67,000 | $250,000 |
| Home Purchase | 48 | $7,371,000 | $153,000 | $477,000 | $72,000 | $201,000 |
| Home Improvement | 33 | $2,197,000 | $66,000 | $336,000 | $43,000 | $162,000 |
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 | 75 | $13,687,000 | $182,000 | $696,000 | $74,000 | $250,000 |
| American Indian or Alaskan Native | 45 | $3,192,000 | $70,000 | $300,000 | $46,000 | $162,000 |
| Not Provided | 12 | $1,272,000 | $106,000 | $208,000 | $66,000 | $168,000 |
| Not applicable | 2 | $417,000 | $208,000 | $270,000 | $0 | $0 |
| Hispanic | 2 | $396,000 | $198,000 | $200,000 | $89,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 122 | $16,887,000 | $138,000 | $696,000 | $64,000 | $250,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,457,000 | $132,000 | $193,000 | $48,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 2 | $480,000 | $240,000 | $271,000 | $47,000 | $54,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $140,000 | $140,000 | $140,000 | $76,000 | $76,000 |
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 | 52 | $6,466,000 | $124,000 | $696,000 | $57,000 | $250,000 |
| Loan Originated | 36 | $6,503,000 | $180,000 | $477,000 | $72,000 | $201,000 |
| Application Withdrawn By Applicant | 16 | $1,499,000 | $93,000 | $190,000 | $45,000 | $96,000 |
| File Closed For Incompleteness | 12 | $1,537,000 | $128,000 | $360,000 | $82,000 | $189,000 |
| Loan Purchased By The Institution | 12 | $2,161,000 | $180,000 | $369,000 | $71,000 | $179,000 |
| Application Approved But Not Accepted | 8 | $798,000 | $99,000 | $180,000 | $53,000 | $107,000 |
| 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 | 11 | $1,794,000 | $163,000 | $371,000 | $64,000 | $125,000 |
| Credit History | 10 | $337,000 | $33,000 | $149,000 | $28,000 | $77,000 |
| Credit Application Incomplete | 7 | $1,036,000 | $148,000 | $300,000 | $84,000 | $168,000 |
| Debt-To-Income Ratio | 3 | $227,000 | $75,000 | $122,000 | $38,000 | $41,000 |
| Other | 3 | $408,000 | $136,000 | $180,000 | $63,000 | $75,000 |
| Unverifiable Information | 2 | $325,000 | $162,000 | $216,000 | $95,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $147,000 | $147,000 | $147,000 | $102,000 | $102,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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