Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2006
In 2006, lenders reported 198 mortgage applications in Wrangell-Petersburg, AK totaling $26.8 million, up 3% from 2005. The average application was for $135,000, and applicants reported an average income of $71,000. 30% of applications resulted in an originated loan and 32% were denied. The most active lender was Wells Fargo Bank, NA, with 60 applications, followed by Wells Fargo Fin'l Alaska, Inc and Countrywide Home Loans.
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| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 198 |
| Total Mortgage Loan Application Amount | $26,785,000 |
| Average Mortgage Loan Application Amount | $135,000 |
| Highest Mortgage Loan Application Amount | $370,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $930,000 |
Top Mortgage Lenders in Wrangell-Petersburg, AK (2006)
Ranked by the number of mortgage applications each lender reported in Wrangell-Petersburg, AK in 2006.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
60 | $8,171,000 | $136,000 | $84,000 |
| 2 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
46 | $5,387,000 | $117,000 | $58,000 |
| 3 | Countrywide Home Loans Westlake Village, CA |
12 | $2,187,000 | $182,000 | $70,000 |
| 4 | Aurora Bank FSB New York, NY |
6 | $554,000 | $92,000 | $96,000 |
| 5 | Argent Mortgage Company Orange, CA |
5 | $767,000 | $153,000 | $64,000 |
| 6 | First Residential Mortgage Louisville, KY |
5 | $1,089,000 | $217,000 | $65,000 |
| 7 | Residential Funding Corp. LLC Ft. Washington, PA |
4 | $468,000 | $117,000 | $0 |
| 8 | Southstar Funding, LLC Atlanta, GA |
4 | $271,000 | $67,000 | $59,000 |
| 9 | Homecomings Financial LLC Ft. Washington, PA |
4 | $577,000 | $144,000 | $127,000 |
| 10 | Saxon Mortgage Glen Allen, VA |
3 | $224,000 | $74,000 | $38,000 |
See every lender active in Wrangell-Petersburg, AK in 2006 »
The tables below break down 2006 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 2006
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 | 115 | $16,746,000 | $145,000 | $370,000 | $72,000 | $930,000 |
| Home Purchase | 66 | $8,785,000 | $133,000 | $307,000 | $74,000 | $218,000 |
| Home Improvement | 17 | $1,254,000 | $73,000 | $332,000 | $49,000 | $115,000 |
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 | 125 | $17,404,000 | $139,000 | $370,000 | $83,000 | $930,000 |
| Not Provided | 39 | $5,672,000 | $145,000 | $300,000 | $66,000 | $348,000 |
| American Indian or Alaskan Native | 23 | $2,310,000 | $100,000 | $296,000 | $46,000 | $102,000 |
| Not applicable | 9 | $1,049,000 | $116,000 | $300,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $100,000 | $100,000 | $100,000 | $31,000 | $31,000 |
| Asian | 1 | $250,000 | $250,000 | $250,000 | $23,000 | $23,000 |
| 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) | 189 | $25,466,000 | $134,000 | $370,000 | $71,000 | $930,000 |
| FHA-insured (Federal Housing Administration) | 6 | $759,000 | $126,000 | $162,000 | $71,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 3 | $560,000 | $186,000 | $192,000 | $59,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 64 | $8,028,000 | $125,000 | $300,000 | $58,000 | $132,000 |
| Loan Originated | 59 | $8,624,000 | $146,000 | $332,000 | $80,000 | $348,000 |
| Application Withdrawn By Applicant | 32 | $3,929,000 | $122,000 | $304,000 | $60,000 | $132,000 |
| Application Approved But Not Accepted | 18 | $3,099,000 | $172,000 | $370,000 | $134,000 | $930,000 |
| Loan Purchased By The Institution | 17 | $1,848,000 | $108,000 | $256,000 | $43,000 | $96,000 |
| File Closed For Incompleteness | 8 | $1,257,000 | $157,000 | $230,000 | $60,000 | $160,000 |
| 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 | 11 | $936,000 | $85,000 | $184,000 | $49,000 | $73,000 |
| Collateral | 9 | $1,357,000 | $150,000 | $300,000 | $57,000 | $76,000 |
| Other | 5 | $631,000 | $126,000 | $196,000 | $58,000 | $81,000 |
| Unverifiable Information | 4 | $668,000 | $167,000 | $208,000 | $78,000 | $110,000 |
| Credit Application Incomplete | 4 | $484,000 | $121,000 | $239,000 | $110,000 | $132,000 |
| Debt-To-Income Ratio | 3 | $300,000 | $100,000 | $160,000 | $37,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $30,000 | $30,000 | $30,000 | $12,000 | $12,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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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