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 |
Top Mortgage Lenders in Wrangell-Petersburg, AK (2009)
Ranked by the number of mortgage applications each lender reported in Wrangell-Petersburg, AK in 2009.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
94 | $13,940,000 | $148,000 | $77,000 |
| 2 | Wells Fargo Funding, Inc Winston-Salem, NC |
4 | $634,000 | $158,000 | $53,000 |
| 3 | Residential Mortgage, LLC Anchorage, AK |
4 | $715,000 | $178,000 | $61,000 |
| 4 | Countrywide Bank FSB Westlake Village, CA |
3 | $601,000 | $200,000 | $61,000 |
| 5 | JPMorgan Chase Bank, NA Columbus, OH |
3 | $710,000 | $236,000 | $251,000 |
| 6 | Bank of America, N.A. Calabasas, CA |
3 | $613,000 | $204,000 | $56,000 |
| 7 | USAA Federal Savings Bank San Antonio, TX |
2 | $341,000 | $170,000 | $69,000 |
| 8 | M&T Bank Buffalo, NY |
2 | $302,000 | $151,000 | $44,000 |
| 9 | Global Federal Credit Union Anchorage, AK |
2 | $483,000 | $241,000 | $118,000 |
| 10 | American Financial Resources LLC Parsippany, NJ |
2 | $317,000 | $158,000 | $43,000 |
See every lender active in Wrangell-Petersburg, AK in 2009 »
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.
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