Wenatchee, WA Metro Area Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 10,948 mortgage applications in Wenatchee, WA metro area totaling $2.1 billion, down 10% from 2006. The average application was for $195,942, and applicants reported an average income of $91,000. 43% of applications resulted in an originated loan and 18% were denied. The most active lender was Countrywide Home Loans, with 1,095 applications, followed by Countrywide Bank FSB and Wells Fargo Bank, NA.

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Total Number of Mortgage Applications 10,948
Total Mortgage Loan Application Amount $2,145,177,000
Average Mortgage Loan Application Amount $195,942
Highest Mortgage Loan Application Amount $28,122,000
Average Applicant Income $91,000
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in Wenatchee, WA Metro Area (2007)

Ranked by the number of mortgage applications each lender reported in Wenatchee, WA metro area in 2007.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Countrywide Home Loans
Westlake Village, CA
1,095 $229,490,000 $209,000 $97,000
2 Countrywide Bank FSB
Westlake Village, CA
781 $157,698,000 $201,000 $95,000
3 Wells Fargo Bank, NA
Des Moines, IA
651 $120,949,000 $185,000 $89,000
4 Gmac Mortgage LLC
Ft. Washington, PA
583 $111,182,000 $190,000 $14,000
5 Beneficial Company LLC
Mettawa, IL
505 $68,805,000 $136,000 $65,000
6 Washington Mutual Bank
Albion, NY
457 $117,736,000 $257,000 $112,000
7 Cashmere Valley Bank
Cashmere, WA
450 $62,286,000 $138,000 $73,000
8 Homecomings Financial LLC
Ft. Washington, PA
429 $78,192,000 $182,000 $84,000
9 Bank of America, N.A.
Calabasas, CA
301 $62,650,000 $208,000 $138,000
10 Banner Bank
Walla Walla, WA
241 $55,162,000 $228,000 $143,000

See every lender active in Wenatchee, WA metro area in 2007 »

The tables below break down 2007 mortgage applications in Wenatchee, WA metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Wenatchee, WA 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 5,983 $1,201,954,000 $200,000 $3,018,000 $88,000 $9,999,000
Home Purchase 4,042 $845,358,000 $209,000 $28,122,000 $97,000 $2,732,000
Home Improvement 923 $97,865,000 $106,000 $1,135,000 $80,000 $1,840,000

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 7,351 $1,454,118,000 $197,000 $1,800,000 $103,000 $9,999,000
Not applicable 1,237 $270,130,000 $218,000 $28,122,000 $20,000 $2,532,000
Not Provided 1,226 $245,638,000 $200,000 $2,575,000 $108,000 $2,532,000
Hispanic 983 $144,918,000 $147,000 $700,000 $66,000 $9,999,000
Asian 69 $17,510,000 $253,000 $700,000 $103,000 $508,000
American Indian or Alaskan Native 50 $7,553,000 $151,000 $467,000 $83,000 $401,000
Black or African American 20 $3,380,000 $169,000 $384,000 $104,000 $432,000
Native Hawaiian or Other Pacific Islander 12 $1,930,000 $160,000 $417,000 $71,000 $153,000

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) 10,487 $2,062,794,000 $196,000 $28,122,000 $93,000 $9,999,000
FHA-insured (Federal Housing Administration) 366 $63,092,000 $172,000 $3,018,000 $50,000 $182,000
VA-guaranteed (Veterans Administration) 90 $18,523,000 $205,000 $410,000 $41,000 $112,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $768,000 $153,000 $333,000 $27,000 $51,000

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
Loan Originated 4,758 $961,651,000 $202,000 $28,122,000 $102,000 $2,732,000
Loan Purchased By The Institution 2,589 $509,735,000 $196,000 $1,102,000 $58,000 $2,532,000
Application Denied By Financial Institution 1,966 $362,168,000 $184,000 $1,580,000 $98,000 $9,999,000
Application Withdrawn By Applicant 791 $151,268,000 $191,000 $1,800,000 $91,000 $1,560,000
Application Approved But Not Accepted 657 $124,394,000 $189,000 $1,360,000 $100,000 $2,053,000
File Closed For Incompleteness 187 $35,961,000 $192,000 $608,000 $136,000 $9,999,000
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 260 $42,424,000 $163,000 $1,008,000 $124,000 $9,999,000
Collateral 224 $53,361,000 $238,000 $1,580,000 $141,000 $1,296,000
Other 205 $45,793,000 $223,000 $1,275,000 $138,000 $1,080,000
Debt-To-Income Ratio 194 $37,320,000 $192,000 $1,008,000 $76,000 $566,000
Credit Application Incomplete 137 $29,028,000 $211,000 $713,000 $104,000 $498,000
Unverifiable Information 42 $12,043,000 $286,000 $1,162,000 $156,000 $610,000
Employment History 32 $5,786,000 $180,000 $735,000 $89,000 $336,000
Insufficient Cash (Downpayment, Closing Cost) 15 $2,810,000 $187,000 $634,000 $82,000 $294,000
Mortgage Insurance Denied 2 $898,000 $449,000 $508,000 $29,000 $58,000

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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