Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2007
In 2007, lenders reported 178 mortgage applications in Wrangell-Petersburg, AK totaling $24.6 million, down 10% from 2006. The average application was for $137,000, and applicants reported an average income of $68,000. 35% of applications resulted in an originated loan and 26% were denied. The most active lender was Wells Fargo Bank, NA, with 62 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 | 178 |
| Total Mortgage Loan Application Amount | $24,556,000 |
| Average Mortgage Loan Application Amount | $137,000 |
| Highest Mortgage Loan Application Amount | $415,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $900,000 |
Top Mortgage Lenders in Wrangell-Petersburg, AK (2007)
Ranked by the number of mortgage applications each lender reported in Wrangell-Petersburg, AK in 2007.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
62 | $7,334,000 | $118,000 | $65,000 |
| 2 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
34 | $3,469,000 | $102,000 | $55,000 |
| 3 | Countrywide Home Loans Westlake Village, CA |
15 | $2,765,000 | $184,000 | $66,000 |
| 4 | Residential Mortgage, LLC Anchorage, AK |
9 | $1,201,000 | $133,000 | $82,000 |
| 5 | Gmac Mortgage LLC Ft. Washington, PA |
9 | $1,258,000 | $139,000 | $35,000 |
| 6 | Countrywide Bank FSB Westlake Village, CA |
4 | $709,000 | $177,000 | $68,000 |
| 7 | Flagstar Bank Troy, MI |
4 | $598,000 | $149,000 | $93,000 |
| 8 | Aurora Bank FSB New York, NY |
3 | $229,000 | $76,000 | $19,000 |
| 9 | First Residential Mortgage Louisville, KY |
3 | $770,000 | $256,000 | $102,000 |
| 10 | Residential Funding Corp. LLC Ft. Washington, PA |
3 | $314,000 | $104,000 | $0 |
See every lender active in Wrangell-Petersburg, AK in 2007 »
The tables below break down 2007 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 2007
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 | 86 | $12,915,000 | $150,000 | $364,000 | $70,000 | $900,000 |
| Home Purchase | 63 | $9,447,000 | $149,000 | $415,000 | $67,000 | $263,000 |
| Home Improvement | 29 | $2,194,000 | $75,000 | $400,000 | $67,000 | $195,000 |
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 | 111 | $16,285,000 | $146,000 | $400,000 | $72,000 | $263,000 |
| American Indian or Alaskan Native | 36 | $3,235,000 | $89,000 | $364,000 | $47,000 | $179,000 |
| Not Provided | 19 | $3,170,000 | $166,000 | $415,000 | $115,000 | $900,000 |
| Not applicable | 7 | $1,037,000 | $148,000 | $288,000 | $3,000 | $24,000 |
| Asian | 3 | $516,000 | $172,000 | $264,000 | $54,000 | $71,000 |
| Hispanic | 2 | $313,000 | $156,000 | $288,000 | $64,000 | $110,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 165 | $22,645,000 | $137,000 | $415,000 | $69,000 | $900,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,911,000 | $147,000 | $288,000 | $57,000 | $110,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 62 | $8,504,000 | $137,000 | $292,000 | $81,000 | $263,000 |
| Application Denied By Financial Institution | 46 | $6,916,000 | $150,000 | $415,000 | $81,000 | $900,000 |
| Application Withdrawn By Applicant | 23 | $3,070,000 | $133,000 | $350,000 | $53,000 | $144,000 |
| Loan Purchased By The Institution | 18 | $2,179,000 | $121,000 | $291,000 | $27,000 | $163,000 |
| File Closed For Incompleteness | 17 | $2,416,000 | $142,000 | $400,000 | $57,000 | $110,000 |
| Application Approved But Not Accepted | 12 | $1,471,000 | $122,000 | $265,000 | $61,000 | $144,000 |
| 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 | 16 | $2,578,000 | $161,000 | $364,000 | $67,000 | $185,000 |
| Credit History | 6 | $240,000 | $40,000 | $110,000 | $39,000 | $67,000 |
| Other | 3 | $623,000 | $207,000 | $275,000 | $374,000 | $900,000 |
| Debt-To-Income Ratio | 2 | $312,000 | $156,000 | $302,000 | $66,000 | $76,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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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