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

2008 Mortgage Research	Santa Cruz	California	US
Total Applications	1,447	157,101	1,135,800
Average Loan	$405.4k	$340.6k	$220.6k
Loan to Income Ratio	2.33	2.29	2.03
Subprime Loans	0.55%	1.78%	3.21%
Refinancing Loans	53.56%	46.51%	47.39%
Principal Dwellings	83.07%	87.98%	90.29%
Rejected Applications	12.09%	17.69%	21.04%

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