City of Los Angeles Responsible Banking Investment ...

Reporting Year:_2_0_1_5_

City of Los Angeles Responsible Banking Investment Monitoring Program

For Commercial Banks

Commercial banks providing City banking business or seeking City banking business must complete and file this form no later than July 1st of each year to the City Treasurer to comply with Section 20.95.1 to Chapter 5.1 of the Los Angeles Administrative Code.

BANK CONTACT INFORMATION:

_W__el_ls_F_a_rg_o__B_an_k_,_N_a_tio_n_a_l _A_ss_o_c_ia_ti_o_n_____________________________________

Name of Commercial Bank

_3_3_3_S_._G_r_a_nd__A_ve_n_u_e_____________L_o_s_A_n_g_el_e_s ________C_A____________9_0_0_7_1 ___

Street Address

City

State

Zip Code

_R_e_n_e_e_G_o_r_d_on_,_V_ic_e_P_r_e_si_d_en_t___________________________________________

Contract Person Name and Title

_(_2_13_)_2_5_3_-7_2_2_9______________________re_n_e_e_.g_o_rd_o_n_@_w_e_ll_s_fa_rg_o_.c_o_m____________

Telephone No.

Email Address

1. Please provide the number of loans and the value of loans by census tracts for the following types of loans in an excel format as provided.

a. Small Business Loans (gross revenue of $1 million or less) - See Addendum A b. Home Mortgages - See Addendum A c. Home Equity Loans - See Addendum - see Addendum A d. Community Development Loans - See Addendum A e. Community Development Investments - See Addendum A

2. Does your institution participate in the Los Angeles Mortgage Modification Program (LAMMP)? Yes___ If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance in an Excel format as provided.

No_x__ If no, please briefly explain:____________________________________ _W_e_ll_s_F_ar_g_o _B_an_k_d_o_es_n_o_t _pa_r_tic_ip_a_te__in_th_e_L_o_s_A_n_ge_le_s_M_o_rt_g_ag_e_M_o_d_if_ica_t_io_n _P_ro_g_ra_m_(_L_AM__M_P_). ___ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________

3. Does your institution participate in any of the following CalHFA's Keep Your Home California Programs?

Yes_x_ No __ Unemployment Mortgage Assistance Program (UMA) Yes_x_ No __ Mortgage Reinstatement Assistance Program (MRAP) Yes_x_ No __ Principal Reduction Program (PRP) Yes_x_ No __ Transition Assistance Program (TAP)

If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance for each program in an excel format as provided.

No____ If no, please briefly explain:____________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________

4. Does your institution participate in any of the following Making Home Affordable Programs?

Yes_x_ No __ Home Affordable Modification Program (HAMP) Yes_x_ No __ Principal Reduction Alternative SM (PRA) Yes_x_ No __ Second Lien Modification Program (2MP) Yes_x_ No __ FHA Home Affordable Modification Program (FHA-HAMP) Yes_x_ No __ USDA's Special Loan Servicing Yes_x_ No __ Veteran's Affairs Home Affordable Modification (VA-HAMP) Yes_x_ No __ Home Affordable Foreclosure Alternatives Program (HAFA) Yes__ No _x_ Second Lien Modification Program for Federal Housing

Administration Loans (FHA-2LP) Yes_x_ No __ Home Affordable Refinance Program (HARP) Yes_x_ No __ FHA Refinance for Borrowers with Negative Equity (FHA Short

Refinance) Yes_x_ No __ Home Affordable Unemployment Program (UP)

If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance for each program in an excel format as provided.

No____ If no, please briefly explain:____________________________________ _T_h_e _S_ec_o_nd__Li_en__M_od_if_ic_a_tio_n_P_ro_g_ra_m__fo_r _Fe_d_e_ra_l _H_ou_s_in_g_A_d_m_in_is_tra_t_io_n_L_oa_n_s_(F_H_A_-2_L_P_) _ex_p_ir_ed_a_n_d_ _th_u_s_is_n_o_t _lo_ng_e_r_av_a_ila_b_le_f_o_r c_o_n_su_m_e_rs_. ______________________________________ ________________________________________________________________ ________________________________________________________________

5. In a separate attachment, please provide a list and briefly describe your firm's community investments and/or partnerships with the City and/or local non-profit organizations relating to job growth, affordable housing, home ownership, and foreclosure prevention within the City of Los Angeles.

See Addendum B.

ADDENDUM A

Wells Fargo 2015YE

Los Angeles, California

Home Mortgage?,?

In Los Angeles, California, Wells Fargo provided 8,889 mortgage loans (total HMDA), extending $5.1 billion in credit.

? Of that, 1944 mortgage loans were in LMI communities, providing $742.4 million in credit and 487 mortgage loans were made to LMI borrowers, providing $88.6 million in credit.

Originated and Purchased HMDA Totals by Tract Income ($000)

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Tract Total

8,889 $5,104,352

346 $123,941 1,598 $618,476 2,047 $781,949 4,897 $3,579,456

Home Purchase

2,980 $1,994,267

115

$39,083

551 $313,387

666 $299,585 1,648 $1,342,212

Home Improvement

753

$414,567

36

$24,651

170

$47,285

186

$76,556

361 $266,075

Home Refinance

5,156 $2,695,518

195

$60,207

877 $257,804 1,195 $405,808 2,888 $1,971,169

Originated and Purchased HMDA Totals by Borrower Income ($000)

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Borrower Total 8,889 $5,104,352

84

$11,893

403

$76,694

972 $250,013 6,138 $4,090,250

Home Purchase 2,980 $1,994,267

7

$1,677

79

$18,403

258

$75,463 2,253 $1,632,724

Home Improvement

753

$414,567

13

$970

71

$9,982

115

$24,626

485 $287,150

Home Refinance 5,156 $2,695,518

64

$9,246

253

$48,309

599 $149,924 3,400 $2,170,376

Originated and Purchased HMDA Totals by Loan Type ($000)

Total HMDA

Home Purchase

Home Improvement

Home Refinance

#

$

#

$

#

$

#

$

Total

8,889

$5,104,352

2,980

$1,994,267

753

$414,567

5,156

$2,695,518

Originated HMDA Totals by Tract Income ($000)

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Tract Total

5,945 $4,064,045

162

$47,055

859 $404,314 1,201 $498,994 3,722 $3,113,152

Home Purchase 1,864 $1,600,124

46

$17,961

257 $220,949

334 $184,535 1,227 $1,176,679

Home Improvement

565

$331,561

19

$3,190

124

$34,730

131

$56,574

291 $237,067

Home Refinance 3,516 $2,132,360

97

$25,904

478 $148,635

736 $257,885 2,204 $1,699,406

Originated HMDA Totals by Borrower Income ($000)

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Borrower Total 5,945 $4,064,045

71

$9,515

283

$50,925

616 $147,541 4,725 $3,475,387

Home Purchase 1,864 $1,600,124

2

$480

40

$9,225

113

$31,912 1,645 $1,353,464

Home Improvement

565

$331,561

11

$793

57

$7,142

88

$17,233

391 $248,885

Home Refinance 3,516 $2,132,360

58

$8,242

186

$34,558

415

$98,396 2,689 $1,873,038

Originated HMDA Totals by Loan Type ($000)

Total HMDA

Home Purchase

Home Improvement

Home Refinance

#

$

#

$

#

$

#

$

Total

5,945

$4,064,045

1,864

$1,600,124

565

$331,561

3,516

$2,132,360

Small Business?

In Los Angeles, California, Wells Fargo provided 15,600 small business loans, extending $619.5 million in credit.

? Of that, 4,291 small business loans were in LMI communities, providing $180.3 million in credit.

Small Business by Loan Size ($000)

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Total 15,600

$619,508 1,489

$73,159 2,802 $107,180 3,274 $119,480 7,980 $316,416

$100,000 or less 14,917

$418,976 1,376

$39,143 2,668

$66,054 3,153

$84,356 7,669 $227,421

>$100,000 to

426

$250,000

$61,136

67

>$250,000 to $1,000,000

257

$139,396

46

Small Business by Annual Gross Revenue ($000)

$9,708 $24,307

78

$12,045

56

$29,080

79

$11,527

199

$27,283

42

$23,597

112

$61,712

Total

Low Income

Moderate Income

Middle Income

Upper Income

#

$

#

$

#

$

#

$

#

$

Total 15,600

$619,508 1,489

$73,159 2,802 $107,180 3,274 $119,480 7,980 $316,416

$1 Million 2,225

$215,091

352

$34,907

397

$43,197

415

$39,769 1,045

$95,541

Revenue Not Known

Small Farm?

1,472

$83,471

136

$9,203

242

$12,771

294

$15,094

790

$45,813

In Los Angeles, California Wells Fargo provided 46 small farm loans, extending $2.2 million in credit.

? Of that, 10 small farm loans were in LMI communities, providing $464,000 in credit.

Small Farm by Tract Income ($000)

Total

#

$

Total

46

$2,175

Community Development?

Low Income

Moderate Income

#

$

#

$

6

$254

4

$210

Middle Income

#

$

17

$904

Upper Income

#

$

19

$807

In Los Angeles, California, Wells Fargo provided 38 community development loans totaling $388.5 million.

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