Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2005
In 2005, lenders reported 193 mortgage applications in Wrangell-Petersburg, AK totaling $26.1 million, up 14% from 2004. The average application was for $135,000, and applicants reported an average income of $65,000. 34% of applications resulted in an originated loan and 28% were denied. The most active lender was Wells Fargo Bank, NA, with 69 applications, followed by Wells Fargo Fin'l Alaska, Inc and Gmac Mortgage LLC.
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| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 193 |
| Total Mortgage Loan Application Amount | $26,062,000 |
| Average Mortgage Loan Application Amount | $135,000 |
| Highest Mortgage Loan Application Amount | $370,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $401,000 |
Top Mortgage Lenders in Wrangell-Petersburg, AK (2005)
Ranked by the number of mortgage applications each lender reported in Wrangell-Petersburg, AK in 2005.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
69 | $8,359,000 | $121,000 | $62,000 |
| 2 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
37 | $4,008,000 | $108,000 | $59,000 |
| 3 | Gmac Mortgage LLC Ft. Washington, PA |
13 | $1,380,000 | $106,000 | $84,000 |
| 4 | Countrywide Home Loans Westlake Village, CA |
9 | $1,553,000 | $172,000 | $52,000 |
| 5 | Argent Mortgage Company Orange, CA |
8 | $1,252,000 | $156,000 | $78,000 |
| 6 | Saxon Mortgage Glen Allen, VA |
4 | $680,000 | $170,000 | $89,000 |
| 7 | Ameriquest Mortgage Company Orange, CA |
3 | $421,000 | $140,000 | $51,000 |
| 8 | Flagstar Bank Troy, MI |
3 | $664,000 | $221,000 | $76,000 |
| 9 | New Day Financial, Llc. West Palm Beach, FL |
3 | $709,000 | $236,000 | $54,000 |
| 10 | First National Bank Alaska Anchorage, AK |
3 | $379,000 | $126,000 | $44,000 |
See every lender active in Wrangell-Petersburg, AK in 2005 »
The tables below break down 2005 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 2005
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 | 121 | $17,209,000 | $142,000 | $370,000 | $71,000 | $401,000 |
| Home Purchase | 45 | $7,128,000 | $158,000 | $300,000 | $55,000 | $156,000 |
| Home Improvement | 27 | $1,725,000 | $63,000 | $305,000 | $57,000 | $110,000 |
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 | $14,550,000 | $145,000 | $370,000 | $76,000 | $401,000 |
| Not Provided | 62 | $7,609,000 | $122,000 | $335,000 | $60,000 | $153,000 |
| American Indian or Alaskan Native | 22 | $2,668,000 | $121,000 | $313,000 | $54,000 | $90,000 |
| Not applicable | 3 | $752,000 | $250,000 | $272,000 | $66,000 | $100,000 |
| Asian | 2 | $235,000 | $117,000 | $200,000 | $47,000 | $59,000 |
| Hispanic | 2 | $183,000 | $91,000 | $100,000 | $42,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $65,000 | $32,000 | $50,000 | $30,000 | $45,000 |
| 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) | 187 | $25,079,000 | $134,000 | $370,000 | $65,000 | $401,000 |
| FHA-insured (Federal Housing Administration) | 5 | $764,000 | $152,000 | $193,000 | $62,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 1 | $219,000 | $219,000 | $219,000 | $72,000 | $72,000 |
| 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 | 65 | $9,510,000 | $146,000 | $369,000 | $65,000 | $384,000 |
| Application Denied By Financial Institution | 54 | $6,842,000 | $126,000 | $370,000 | $64,000 | $401,000 |
| Application Withdrawn By Applicant | 45 | $5,239,000 | $116,000 | $318,000 | $60,000 | $198,000 |
| Application Approved But Not Accepted | 14 | $1,627,000 | $116,000 | $313,000 | $80,000 | $125,000 |
| Loan Purchased By The Institution | 11 | $1,754,000 | $159,000 | $293,000 | $63,000 | $100,000 |
| File Closed For Incompleteness | 4 | $1,090,000 | $272,000 | $335,000 | $91,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 15 | $2,653,000 | $176,000 | $356,000 | $71,000 | $122,000 |
| Credit History | 12 | $797,000 | $66,000 | $370,000 | $90,000 | $401,000 |
| Debt-To-Income Ratio | 5 | $701,000 | $140,000 | $209,000 | $33,000 | $54,000 |
| Other | 2 | $164,000 | $82,000 | $92,000 | $37,000 | $50,000 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $110,000 | $110,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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