Raw Data Report: Wachovia, Bank of America, US Bancorp

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33% of Wachovia Bank (WB) Respondents say the Average Lending Rate is Higher from Two Months Ago

Tickermine surveyed respondents at Wachovia Bank this week after news that the shares of Wachovia Corp. had risen 29 percent, to $18.75. Respondents at 18 different branches were asked what is the average loan size on a fixed rate single family home, what is the average lending rate, is the rate higher or lower from two months ago and does the respondent think that the default rates are up? We found that the average loan was $228,608.44. The average lending rate was at 6%, according to our poll, (versus 6%) at US Bank) and while 11 people or 61% say the rate was lower from two months ago, 6 people or 33% say it is higher, and one person or 6% say it is the same. Finally, most people, 11 respondents or 61% think the default rates are up, 3 people or 14% say these are flat and 4 people or 22% say they are down.

Average Lending Rate is 6% at Bank of America (BAC)

Tickermine's recent survey of 24 Bank of America branches around the country, determined that the current average lending rate is 6%. According to fourteen (58%) of the branches surveyed, this rate is up from the past 2 months. Three (13%) said that this rate was the same and seven (29%) said it was down. At fifteen (63%) Bank of America branches, the average loan size on a fixed rate single income family home was reported as between $120,000 - $200,000. Only two (8%) branches reported average loans higher than $400,000. The majority (75%) stated that default rates are up.

28% of US Bancorp (USB) Respondents say the Average Lending Rate is Up from Two Months Ago

Amidst the global financial crisis we profiled US Bank recently by asking respondents at 18 different branches what is the average loan size on a fixed rate single family home, what is the average lending rate, is the rate higher or lower from two months ago and does the respondent think that the default rates are up? We found that 10 people or 56% say that the average loan on a fixed rate single family home is under $150,000. Five people or 28% report it as $165,000 - $200,000. Two people or 11% put it at $300,000 - $500,000 and one person or 6% stated it was $800,000. The average lending rate was at 7%, according to our poll, and while 12 people or 67% say the rate was lower from two months ago, five people or 28% say it is higher, and one person or 6% say it is the same. Finally, most people, 7 persons or 37% think the default rates are up, 6 or 33% say these are flat and four people or 22% say they are down.

Comments

[Beowulf:]

Basicly your random core dump of datum points. Arrangement and interpretation are essential. As presented fairly useless.

2008 Sep 24 06:30 PM

[helplessobs...:]

With all the doom and gloom its good to see that loans are being made at all.

2008 Sep 24 10:48 PM

[normthefedup:]

Nice to see that everyone's on the same page....NOT!!!!!!!!!!!...

2008 Sep 25 09:05 AM

[WEBISKING:]

WB has some toxic paper and when they write it down it wnt look pretty those who bought foolishly around 20 should get into another business

2008 Sep 26 06:37 PM