Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 129 mortgage applications in Wrangell-Petersburg, AK totaling $20.4 million, up 10% from 2008. The average application was for $157,000, and applicants reported an average income of $77,000. 36% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank, NA, with 94 applications, followed by Wells Fargo Funding, Inc and Residential Mortgage, LLC.

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Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 129
Total Mortgage Loan Application Amount $20,365,000
Average Mortgage Loan Application Amount $157,000
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $77,000
Highest Applicant Income $600,000

Mortgage Company List for Lending in Wrangell-Petersburg, AK for 2009

* 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
* $ 538,958,000,000 94 $ 13,940,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 4 $ 634,000
Residential Mortgage, LLC
100 CALAIS DRIVE
ANCHORAGE, AK 99515
* $ 10,000,000 4 $ 715,000
Countrywide Bank FSB
30930 RUSSELL RANCH ROAD MS CA6-916-02-0
WESTLAKE VILLAGE, CA 91362
* $ 117,978,966,000 3 $ 601,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,746,242,000,000 3 $ 710,000
Bank of America, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 1,471,631,047,000 3 $ 613,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 32,584,979,000 2 $ 341,000
M&T Bank
1 M&T PLAZA -15TH FLOOR
BUFFALO, NY 14203
* $ 64,824,244,000 2 $ 302,000
Global Federal Credit Union
PO BOX 196850
ANCHORAGE, AK 99503
* $ 3,841,247,000 2 $ 483,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ 10,000,000 2 $ 317,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 1 $ 281,000
Qr Lending Inc
555 ZOR SHRINE PLACE
MADISON, WI 53719
* $ 1,093,327,000 1 $ 55,000
Onewest Bank, FSB
888 EAST WALNUT ST
PASADENA, CA 91101
* $ 36,000,000,000 1 $ 136,000
Suntrust Mortgage, Inc
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 185,098,787,000 1 $ 82,000
Ally Bank F/K/A/ Gmac Bank
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 32,882,574,000 1 $ 242,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 14,157,838,000 1 $ 205,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 1 $ 276,000

The tables below break down 2009 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 2009

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 $12,415,000 $170,000 $395,000 $73,000 $483,000
Home Purchase 33 $5,802,000 $175,000 $417,000 $83,000 $600,000
Home Improvement 23 $2,148,000 $93,000 $384,000 $84,000 $550,000

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 100 $16,127,000 $161,000 $384,000 $74,000 $550,000
American Indian or Alaskan Native 11 $1,306,000 $118,000 $212,000 $62,000 $88,000
Not Provided 10 $2,018,000 $201,000 $417,000 $125,000 $600,000
Asian 3 $385,000 $128,000 $262,000 $46,000 $97,000
Native Hawaiian or Other Pacific Islander 2 $30,000 $15,000 $15,000 $134,000 $161,000
Not applicable 2 $363,000 $181,000 $281,000 $16,000 $32,000
Hispanic 1 $136,000 $136,000 $136,000 $200,000 $200,000
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) 91 $13,596,000 $149,000 $417,000 $89,000 $600,000
FHA-insured (Federal Housing Administration) 30 $5,458,000 $181,000 $274,000 $54,000 $97,000
VA-guaranteed (Veterans Administration) 8 $1,311,000 $163,000 $281,000 $28,000 $105,000
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 46 $8,435,000 $183,000 $384,000 $73,000 $166,000
Application Withdrawn By Applicant 34 $5,739,000 $168,000 $395,000 $76,000 $550,000
Application Denied By Financial Institution 24 $2,964,000 $123,000 $417,000 $108,000 $600,000
File Closed For Incompleteness 11 $1,026,000 $93,000 $180,000 $60,000 $132,000
Loan Purchased By The Institution 10 $1,638,000 $163,000 $281,000 $51,000 $97,000
Application Approved But Not Accepted 4 $563,000 $140,000 $172,000 $73,000 $110,000
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 $196,000 $21,000 $100,000 $59,000 $161,000
Collateral 8 $1,211,000 $151,000 $230,000 $119,000 $483,000
Credit Application Incomplete 3 $900,000 $300,000 $417,000 $279,000 $600,000
Other 1 $25,000 $25,000 $25,000 $70,000 $70,000
Unverifiable Information 1 $201,000 $201,000 $201,000 $86,000 $86,000
Debt-To-Income Ratio 1 $189,000 $189,000 $189,000 $52,000 $52,000
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.

Download the Alaska Lender List