Southeast Fairbanks, AK Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 271 mortgage applications in Southeast Fairbanks, AK totaling $37.5 million, up 12% from 2005. The average application was for $138,000, and applicants reported an average income of $78,000. 38% of applications resulted in an originated loan and 23% were denied. The most active lender was Wells Fargo Bank, NA, with 63 applications, followed by Mt McKinley Bank and Wells Fargo Fin'l Alaska, Inc.

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Total Number of Mortgage Applications 271
Total Mortgage Loan Application Amount $37,501,000
Average Mortgage Loan Application Amount $138,000
Highest Mortgage Loan Application Amount $330,000
Average Applicant Income $78,000
Highest Applicant Income $600,000

Mortgage Company List for Lending in Southeast Fairbanks, AK for 2006

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 403,258,000,000 63 $ 9,731,000
Mt McKinley Bank
PO BOX 73880
FAIRBANKS, AK 99707
* $ 240,293,000 39 $ 5,593,000
Wells Fargo Fin'l Alaska, Inc
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 31 $ 3,579,000
Countrywide Home Loans
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 175,085,370,000 15 $ 2,083,000
First National Bank Alaska
101 W 36TH AVE, STE 305
ANCHORAGE, AK 99501
* $ 2,185,017,000 8 $ 757,000
Countrywide Bank, N.A.
35 NORTH LAKE, MS 35-148
PASADENA, CA 91101
* $ 73,116,292,000 7 $ 1,106,000
Argent Mortgage Company
1100 TOWN & COUNTRY
ORANGE, CA 92868
* $ 10,000,000 7 $ 1,184,000
Gmac Mortgage LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 6 $ 871,000
Saxon Mortgage
4840 COX ROAD
GLEN ALLEN, VA 23060
* $ 10,000,000 6 $ 735,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 19,653,232,000 6 $ 754,000
Corinthian Mortgage Corp
5750 W 95TH STREET, SUITE 155
OVERLAND PARK, KS 66207
* $ 341,661,000 5 $ 616,000
Spirit of Alaska Federal Credit Union
1417 GILLAM WAY
FAIRBANKS, AK 99701
* $ 80,145,000 4 $ 576,000
Indymac Bank, F.S.B.
888 EAST WALNUT ST
PASADENA, CA 91101
* $ 20,329,938,000 3 $ 531,000
Keybank National Association
100 PUBLIC SQUARE STE 600 OH-01-10-06006
CLEVELAND, OH 44113
* $ 88,960,716,000 3 $ 169,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 706,497,000 3 $ 600,000
Nationwide Lending Corporation
165 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 25,616,472,000 3 $ 361,000
Home Loan Center
163 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 10,000,000 3 $ 170,000
New Century Mortgage Corporati
18400 VON KARMAN AVE., SUITE 1000
IRVINE, CA 92612
* $ 10,000,000 2 $ 231,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 259,000
BNC Mortgage
745 SEVENTH AVENUE, 24TH FLOOR
NEW YORK, NY 10019
* $ 2,500,000,000 2 $ 435,000
Long Beach Mortgage Co.
227 EAST AVENUE
ALBION, NY 14411
* $ 330,706,384,000 2 $ 242,000
Alaska USA Mortgage Co., LLC
PO BOX 196850
ANCHORAGE, AK 99519
* $ 1,485,079,000 2 $ 395,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 2 $ 342,000
Eloan
9600 WEST BRYN MAWR
ROSEMONT, IL 60018
* $ 48,624,000,000 2 $ 237,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 15,054,001,000 2 $ 241,000
Washington Mutual Bank
227 EAST AVENUE
ALBION, NY 14411
* $ 330,706,384,000 2 $ 271,000
Aurora Bank FSB
1271 SIXTH AVENUE, 46TH FLOOR
NEW YORK, NY 10020
* $ 22,481,092,000 2 $ 309,000
State Farm Bank
1 STATE FARM PLAZA
BLOOMINGTON, IL 61710
* $ 12,218,679,000 2 $ 159,000
Mbna America Delaware, N.A.
200 N COLLEGE ST NC1-004-04-13
CHARLOTTE, NC 28255
* $ 5,455,865,000 1 $ 149,000
Citicorp Trust Bank, FSB
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 36,499,554,000 1 $ 177,000
Bank of America, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 1,082,250,290,000 1 $ 198,000
Chevy Chase Bank, F.S.B.
7501 WISCONSIN AVE 13TH FLR-W
BETHESDA,, MD 20814
* $ 14,495,801,000 1 $ 110,000
Global Federal Credit Union
PO BOX 196850
ANCHORAGE, AK 99503
* $ 2,596,803,000 1 $ 183,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,013,985,000,000 1 $ 158,000
US Bank, N.A.
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 208,867,410,000 1 $ 309,000
Citifinancial Mtg Co, Inc
4000 REGENT BLVD
IRVING, TX 75063
* $ 32,424,600,000 1 $ 93,000
Challenge Financial Investors
360 CENTRAL AVENUE SUITE #600
SAINT PETERSBURG, FL 33701
* $ 10,000,000 1 $ 158,000
Residential Mortgage, LLC
100 CALAIS DRIVE
ANCHORAGE, AK 99515
* $ 10,000,000 1 $ 180,000
Southstar Funding, LLC
400 NORTHRDIGE ROAD, SUITE 1000
ATLANTA, GA 30350
* $ 10,000,000 1 $ 130,000
HSBC Bank USA, NA
1 HSBC CENTER - 24TH FLOOR
BUFFALO, NY 14203
* $ 150,679,481,000 1 $ 280,000
Statewide Bank
2008 RONALD REAGAN HIGHWAY
COVINGTON, LA 70433
* $ 177,634,000 1 $ 23,000
Suntrust Mortgage, Inc
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 177,231,290,000 1 $ 153,000
Hfc Company LLC
140 INDUSTRIAL DRIVE
ELMHURST, IL 60126
* $ 16,981,282,000 1 $ 64,000
Wells Fargo Fin'l Washington 1
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 1 $ 20,000
HSBC Mortgage Services, Inc.
26525 NORTH RIVERWOODS BLVD.
METTAWA, IL 60045
* $ 16,981,282,000 1 $ 23,000
Residential Funding Corp. LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 10,000,000 1 $ 33,000
Abn Amro Mtg Group Inc
850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022
* $ 250,000,000 1 $ 80,000
Aegis Wholesale Corporation
3250 BRIARPARK DR SUITE 400
HOUSTON, TX 77042
* $ 10,000,000 1 $ 86,000
People's Choice Financial Corp
7515 IRVINE CENTER DR.
IRVINE, CA 92618
* $ 10,000,000 1 $ 194,000
Novastar Home Mortgage, Inc.
8140 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 10,000,000 1 $ 240,000
Best Rate Funding Corp
2 MAC ARTHUR PLACE, STE. 800
SANTA ANA, CA 92707
* $ 10,000,000 1 $ 174,000
Aegis Funding Corporation
3250 BRIARPARK DR SUITE 400
HOUSTON, TX 77042
* $ 10,000,000 1 $ 50,000
Capital One Home Loans, LLC
12800 FOSTER STREET
OVERLAND PARK, KS 66213
* $ 88,701,411,000 1 $ 93,000
First Residential Mortgage
9721 ORMSBY STATION RD.
LOUISVILLE, KY 40223
* $ 10,000,000 1 $ 168,000
Eagle Home Mortgage, LLC
301 116TH AVENUE SE #400
BELLEVUE, WA 98004
* $ 10,000,000 1 $ 147,000
Accredited Home Lenders, Inc
15253 AVENUE OF SCIENCE BLDG 1
SAN DIEGO, CA 92128
* $ 10,000,000 1 $ 218,000
Greenlight Financial Services
18200 VON KARMAN STE #300
IRVINE, CA 92612
* $ 10,000,000 1 $ 40,000
Ameriquest Mortgage Company
1100 TOWN & COUNTRY ROAD
ORANGE, CA 92868
* $ 10,000,000 1 $ 292,000

The tables below break down 2006 mortgage applications in Southeast Fairbanks, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Southeast Fairbanks, AK 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 139 $17,893,000 $128,000 $330,000 $79,000 $600,000
Home Purchase 108 $17,945,000 $166,000 $322,000 $78,000 $204,000
Home Improvement 24 $1,663,000 $69,000 $170,000 $73,000 $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 195 $27,063,000 $138,000 $330,000 $83,000 $600,000
Not Provided 36 $4,882,000 $135,000 $292,000 $78,000 $204,000
Not applicable 19 $2,627,000 $138,000 $296,000 $41,000 $147,000
Hispanic 7 $1,154,000 $164,000 $255,000 $62,000 $106,000
American Indian or Alaskan Native 6 $496,000 $82,000 $146,000 $51,000 $83,000
Asian 5 $994,000 $198,000 $315,000 $97,000 $115,000
Black or African American 3 $285,000 $95,000 $107,000 $78,000 $87,000
Native Hawaiian or Other Pacific Islander 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) 234 $29,585,000 $126,000 $320,000 $77,000 $600,000
VA-guaranteed (Veterans Administration) 33 $7,371,000 $223,000 $330,000 $91,000 $204,000
FHA-insured (Federal Housing Administration) 4 $545,000 $136,000 $309,000 $61,000 $100,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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
Loan Originated 104 $14,575,000 $140,000 $322,000 $80,000 $183,000
Application Denied By Financial Institution 61 $7,837,000 $128,000 $315,000 $88,000 $600,000
Application Withdrawn By Applicant 50 $6,922,000 $138,000 $309,000 $75,000 $297,000
Loan Purchased By The Institution 29 $4,142,000 $142,000 $296,000 $49,000 $147,000
Application Approved But Not Accepted 19 $2,837,000 $149,000 $330,000 $98,000 $334,000
File Closed For Incompleteness 8 $1,188,000 $148,000 $205,000 $70,000 $126,000
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
Credit History 12 $1,369,000 $114,000 $200,000 $71,000 $116,000
Collateral 9 $1,399,000 $155,000 $300,000 $110,000 $263,000
Debt-To-Income Ratio 6 $473,000 $78,000 $153,000 $37,000 $94,000
Other 5 $866,000 $173,000 $315,000 $71,000 $102,000
Unverifiable Information 3 $395,000 $131,000 $205,000 $186,000 $297,000
Credit Application Incomplete 3 $360,000 $120,000 $225,000 $121,000 $134,000
Employment History 2 $326,000 $163,000 $240,000 $50,000 $66,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 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.

Download the Alaska Lender List