WELLS FARGO BANK, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, 50328

2008 Mortgage Research	Los Angeles	California	US
Total Applications	29,075	157,101	1,135,800
Average Loan	$378.1k	$340.6k	$220.6k
Loan to Income Ratio	2.27	2.29	2.03
Subprime Loans	1.81%	1.78%	3.21%
Refinancing Loans	49.20%	46.51%	47.39%
Principal Dwellings	89.58%	87.98%	90.29%
Rejected Applications	19.40%	17.69%	21.04%

WELLS FARGO BANK, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042DES MOINES, 50328