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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ACE MORTGAGE FUNDING, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACE MORTGAGE FUNDING, LLC |
| Address | 805 BROADWAY ST. 6TH FLOOR
VANCOUVER, WA 98660 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,525 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $862,631,000 |
| Average Mortgage Loan Amount Applied For | $140,073 |
| Highest Mortgage Loan Amount Applied For | $1,625,000 |
| Average Applicant Income | $66,953 |
| Highest Applicant Income | $2,520,000 |
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| Home Improvement |
2 | $168,000 |
$84,000 | $85,000 |
$36,000 | $41,000 |
| Home Purchase |
1,385 | $201,626,000 |
$145,000 | $1,225,000 |
$90,000 | $1,556,000 |
| Refinancing |
4,140 | $661,071,000 |
$159,000 | $1,625,000 |
$69,000 | $2,520,000 |
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| American Indian or Alaskan Native |
18 | $3,273,000 |
$181,000 | $515,000 |
$94,000 | $528,000 |
| Asian |
92 | $20,769,000 |
$225,000 | $1,350,000 |
$95,000 | $389,000 |
| Black or African American |
1,541 | $222,179,000 |
$144,000 | $1,000,000 |
$62,000 | $398,000 |
| Hispanic |
571 | $105,716,000 |
$185,000 | $1,225,000 |
$85,000 | $780,000 |
| Native Hawaiin or Other Pacific Islander |
24 | $5,213,000 |
$217,000 | $682,000 |
$144,000 | $774,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
454 | $77,971,000 |
$171,000 | $1,000,000 |
$78,000 | $659,000 |
| White |
2,827 | $427,744,000 |
$151,000 | $1,625,000 |
$76,000 | $2,520,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,055 | $802,724,000 |
$158,000 | $1,625,000 |
$76,000 | $2,520,000 |
| FHA-insured (Federal Housing Administration) |
472 | $60,141,000 |
$127,000 | $303,000 |
$57,000 | $603,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
619 | $107,572,000 |
$173,000 | $1,350,000 |
$83,000 | $1,556,000 |
| Application Denied By Financial Institution |
769 | $145,530,000 |
$189,000 | $1,625,000 |
$89,000 | $789,000 |
| Application Withdrawn By Applicant |
1,422 | $218,478,000 |
$153,000 | $1,225,000 |
$69,000 | $2,520,000 |
| File Closed For Incompleteness |
99 | $16,756,000 |
$169,000 | $960,000 |
$76,000 | $516,000 |
| Loan Originated |
2,617 | $374,381,000 |
$143,000 | $1,040,000 |
$70,000 | $672,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $148,000 |
$148,000 | $148,000 |
$41,000 | $41,000 |
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| Collateral |
96 | $16,333,000 |
$170,000 | $1,100,000 |
$101,000 | $659,000 |
| Credit Application Incomplete |
8 | $1,341,000 |
$167,000 | $452,000 |
$47,000 | $83,000 |
| Credit History |
196 | $31,202,000 |
$159,000 | $776,000 |
$71,000 | $445,000 |
| Debt-To-Income Ratio |
67 | $11,164,000 |
$166,000 | $644,000 |
$65,000 | $398,000 |
| Employment History |
17 | $2,785,000 |
$163,000 | $323,000 |
$56,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $310,000 |
$155,000 | $175,000 |
$54,000 | $85,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
39 | $10,365,000 |
$265,000 | $825,000 |
$125,000 | $360,000 |
| Unverifiable Information |
14 | $2,508,000 |
$179,000 | $432,000 |
$52,000 | $136,000 |
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Mortgage Loan App Totals for ACE MORTGAGE FUNDING, LLC by:
Metropolitan Area And
County
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