Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 115 mortgage applications in Wrangell-Petersburg, AK totaling $19.5 million, down 11% from 2009. The average application was for $169,000, and applicants reported an average income of $67,000. 46% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank, NA, with 70 applications, followed by Alaska USA Mortgage Co., LLC and Residential Mortgage, LLC.

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Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 115
Total Mortgage Loan Application Amount $19,490,000
Average Mortgage Loan Application Amount $169,000
Highest Mortgage Loan Application Amount $626,000
Average Applicant Income $67,000
Highest Applicant Income $240,000

Mortgage Company List for Lending in Wrangell-Petersburg, AK for 2010

* 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
100 N MAIN STREET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 608,778,000,000 70 $ 11,664,000
Alaska USA Mortgage Co., LLC
PO BOX 196850
ANCHORAGE, AK 99519
* $ 1,485,079,000 10 $ 1,548,000
Residential Mortgage, LLC
100 CALAIS DRIVE
ANCHORAGE, AK 99515
* $ 10,000,000 6 $ 1,079,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 5 $ 855,000
Bank of America, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 1,465,221,449,000 3 $ 578,000
US Bank, N.A.
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 276,376,130,000 3 $ 579,000
Northrim Bank
3111 C STREET
ANCHORAGE, AK 99503
* $ 999,041,000 2 $ 303,000
Ally Bank F/K/A/ Gmac Bank
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 55,302,902,000 1 $ 183,000
Ifreedom Direct Corporation
124 N. CHARLES LINDBERGH DRIVE
SLC, UT 84116
* $ 10,000,000 1 $ 260,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ 10,000,000 1 $ 305,000
Home Savings of America
35 E BROADWAY
LITTLE FALLS, MN 56345
* $ 477,531,000 1 $ 214,000
Frost National Bank
100 W. HOUSTON T-5
SAN ANTONIO, TX 78205
* $ 16,343,663,000 1 $ 15,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 37,922,355,000 1 $ 183,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 14,483,100,000 1 $ 206,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,627,684,000,000 1 $ 165,000
State Farm Bank
1 STATE FARM PLAZA
BLOOMINGTON, IL 61710
* $ 16,157,711,000 1 $ 142,000
Ing Bank, FSB
1 SOUTH ORANGE STREET
WILMINGTON, DE 19801
* $ 90,293,933,000 1 $ 120,000
Gmac Mortgage LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 1 $ 183,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ 10,000,000 1 $ 186,000
Access National Mortgage Corp
1800 ROBERT FULTON DR, SUITE 350
RESTON, VA 20191
* $ 10,000,000 1 $ 224,000

The tables below break down 2010 mortgage applications in Wrangell-Petersburg, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Wrangell-Petersburg, AK in 2010

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 63 $11,153,000 $177,000 $506,000 $74,000 $172,000
Home Purchase 38 $6,507,000 $171,000 $300,000 $54,000 $105,000
Home Improvement 14 $1,830,000 $130,000 $626,000 $73,000 $240,000

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 86 $14,632,000 $170,000 $626,000 $75,000 $240,000
Not Provided 11 $2,220,000 $201,000 $506,000 $59,000 $172,000
American Indian or Alaskan Native 10 $1,205,000 $120,000 $252,000 $53,000 $107,000
Not applicable 7 $1,248,000 $178,000 $216,000 $0 $0
Asian 1 $185,000 $185,000 $185,000 $79,000 $79,000
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
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) 66 $10,700,000 $162,000 $626,000 $79,000 $240,000
FHA-insured (Federal Housing Administration) 35 $5,766,000 $164,000 $252,000 $52,000 $120,000
VA-guaranteed (Veterans Administration) 13 $2,780,000 $213,000 $260,000 $47,000 $97,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $244,000 $244,000 $244,000 $72,000 $72,000

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 53 $9,369,000 $176,000 $506,000 $75,000 $172,000
Application Denied By Financial Institution 22 $3,223,000 $146,000 $626,000 $64,000 $240,000
Application Withdrawn By Applicant 20 $3,601,000 $180,000 $626,000 $72,000 $240,000
Loan Purchased By The Institution 14 $2,528,000 $180,000 $260,000 $30,000 $105,000
Application Approved But Not Accepted 5 $687,000 $137,000 $214,000 $83,000 $132,000
File Closed For Incompleteness 1 $82,000 $82,000 $82,000 $77,000 $77,000
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 8 $637,000 $79,000 $245,000 $55,000 $85,000
Debt-To-Income Ratio 4 $697,000 $174,000 $305,000 $65,000 $136,000
Collateral 4 $931,000 $232,000 $626,000 $110,000 $240,000
Other 3 $437,000 $145,000 $222,000 $47,000 $76,000
Unverifiable Information 2 $340,000 $170,000 $235,000 $46,000 $50,000
Credit Application Incomplete 1 $181,000 $181,000 $181,000 $49,000 $49,000
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

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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