Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 117 mortgage applications in Wrangell-Petersburg, AK totaling $16.8 million, down 34% from 2007. The average application was for $143,000, and applicants reported an average income of $69,000. 33% of applications resulted in an originated loan and 29% were denied. The most active lender was Wells Fargo Bank, NA, with 58 applications, followed by Wells Fargo Fin'l Alaska, Inc and Residential Mortgage, LLC.
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| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 117 |
| Total Mortgage Loan Application Amount | $16,819,000 |
| Average Mortgage Loan Application Amount | $143,000 |
| Highest Mortgage Loan Application Amount | $384,000 |
| Average Applicant Income | $69,000 |
| Highest Applicant Income | $241,000 |
| 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 |
* | $ 467,861,000,000 | 58 | $ 7,680,000 |
| Wells Fargo Fin'l Alaska, Inc 800 WALNUT ST, 6TH FLOOR, MAC F4031-061 DES MOINES, IA 50309 |
* | $ 36,752,895,000 | 22 | $ 2,823,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE ANCHORAGE, AK 99515 |
* | $ 10,000,000 | 5 | $ 848,000 |
| Countrywide Bank FSB 30930 RUSSELL RANCH ROAD MS CA6-916-02-0 WESTLAKE VILLAGE, CA 91362 |
* | $ 121,054,736,000 | 5 | $ 1,040,000 |
| M&T Bank 1 M&T PLAZA -15TH FLOOR BUFFALO, NY 14203 |
* | $ 64,072,546,000 | 4 | $ 604,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ 4,088,336,000 | 4 | $ 529,000 |
| Gmac Mortgage LLC 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 31,000,000 | 3 | $ 815,000 |
| Wall Street Mortgage Bankers 1111 MARCUS AVE, LL08 LAKE SUCCESS, NY 11042 |
* | $ 10,000,000 | 2 | $ 215,000 |
| State Farm Bank 1 STATE FARM PLAZA BLOOMINGTON, IL 61710 |
* | $ 15,898,003,000 | 2 | $ 101,000 |
| Wells Fargo Funding, Inc 100 N MAIN STREEET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 25,457,000 | 1 | $ 306,000 |
| Wells Fargo Fin'l Washington 1 800 WALNUT ST, 6TH FLOOR, MAC F4031-061 DES MOINES, IA 50309 |
* | $ 36,752,895,000 | 1 | $ 150,000 |
| Merrill Lynch Credit Corp. 4804 DEER LAKE DRIVE EAST BLDG 3 FL 5 JACKSONVILLE, FL 32246 |
* | $ 4,500,000,000 | 1 | $ 207,000 |
| Alaska USA Mortgage Co., LLC PO BOX 196850 ANCHORAGE, AK 99519 |
* | $ 1,485,079,000 | 1 | $ 136,000 |
| Nationwide Mortgage Concepts, 40380 DESERT CREEK LANE RANCHO MIRAGE, CA 92270 |
* | $ 10,000,000 | 1 | $ 145,000 |
| Freedom Mortgage Corp. 10500 KINCAID DR. STE. 300 FISHERS, IN 46037 |
* | $ 10,000,000 | 1 | $ 152,000 |
| Suntrust Mortgage, Inc 901 SEMMES AVENUE RICHMOND, VA 23224 |
* | $ 175,107,526,000 | 1 | $ 103,000 |
| Countrywide Home Loans 30930 RUSSELL RANCH ROAD MS WLRR-148 WESTLAKE VILLAGE, CA 91362 |
* | $ 199,946,230,000 | 1 | $ 172,000 |
| First National Bank Alaska 101 W 36TH AVE, STE 305 ANCHORAGE, AK 99501 |
* | $ 2,309,832,000 | 1 | $ 194,000 |
| JPMorgan Chase Bank, NA 1111 POLARIS PARKWAY COLUMBUS, OH 43240 |
* | $ 1,318,888,000,000 | 1 | $ 74,000 |
The tables below break down 2008 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 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 | 73 | $11,177,000 | $153,000 | $384,000 | $69,000 | $227,000 |
| Home Purchase | 25 | $4,017,000 | $160,000 | $360,000 | $65,000 | $241,000 |
| Home Improvement | 19 | $1,625,000 | $85,000 | $306,000 | $73,000 | $138,000 |
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 | 85 | $12,390,000 | $145,000 | $384,000 | $71,000 | $241,000 |
| American Indian or Alaskan Native | 22 | $3,122,000 | $141,000 | $306,000 | $63,000 | $125,000 |
| Not Provided | 7 | $989,000 | $141,000 | $194,000 | $45,000 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $73,000 | $73,000 |
| Not applicable | 1 | $103,000 | $103,000 | $103,000 | $162,000 | $162,000 |
| Asian | 1 | $150,000 | $150,000 | $150,000 | $41,000 | $41,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 102 | $14,583,000 | $142,000 | $384,000 | $72,000 | $241,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,856,000 | $154,000 | $239,000 | $39,000 | $98,000 |
| VA-guaranteed (Veterans Administration) | 2 | $246,000 | $123,000 | $123,000 | $68,000 | $68,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $134,000 | $134,000 | $134,000 | $51,000 | $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 | 39 | $6,175,000 | $158,000 | $384,000 | $77,000 | $241,000 |
| Application Denied By Financial Institution | 34 | $4,177,000 | $122,000 | $250,000 | $64,000 | $227,000 |
| File Closed For Incompleteness | 17 | $2,598,000 | $152,000 | $270,000 | $58,000 | $120,000 |
| Application Withdrawn By Applicant | 16 | $2,043,000 | $127,000 | $360,000 | $67,000 | $173,000 |
| Loan Purchased By The Institution | 8 | $1,519,000 | $189,000 | $306,000 | $83,000 | $162,000 |
| Application Approved But Not Accepted | 3 | $307,000 | $102,000 | $135,000 | $51,000 | $63,000 |
| 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 | 9 | $287,000 | $31,000 | $79,000 | $63,000 | $119,000 |
| Debt-To-Income Ratio | 9 | $1,585,000 | $176,000 | $250,000 | $50,000 | $104,000 |
| Collateral | 5 | $704,000 | $140,000 | $212,000 | $86,000 | $126,000 |
| Other | 2 | $351,000 | $175,000 | $207,000 | $162,000 | $227,000 |
| Unverifiable Information | 1 | $75,000 | $75,000 | $75,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 1 | $190,000 | $190,000 | $190,000 | $62,000 | $62,000 |
| 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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