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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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HOMETOWN FUNDING INC- DBA CNB
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMETOWN FUNDING INC- DBA CNB |
| Address | 63 MONROE AVE
PITTSFORD, NY 14534 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,392 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $280,406,000 |
| Average Mortgage Loan Amount Applied For | $114,047 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $78,952 |
| Highest Applicant Income | $558,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
639 | $70,868,000 |
$110,000 | $550,000 |
$58,000 | $558,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,766 | $210,773,000 |
$119,000 | $550,000 |
$76,000 | $525,000 |
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| American Indian or Alaskan Native |
2 | $171,000 |
$85,000 | $91,000 |
$49,000 | $62,000 |
| Asian or Pacific Islander |
18 | $2,303,000 |
$127,000 | $323,000 |
$84,000 | $398,000 |
| Black |
15 | $1,977,000 |
$131,000 | $489,000 |
$63,000 | $184,000 |
| Hispanic |
23 | $2,358,000 |
$102,000 | $270,000 |
$57,000 | $124,000 |
| Information not provided by applicant in mail or telephone application |
6 | $944,000 |
$157,000 | $322,000 |
$55,000 | $86,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $768,000 |
$153,000 | $225,000 |
$160,000 | $495,000 |
| White |
2,336 | $273,120,000 |
$116,000 | $550,000 |
$64,000 | $558,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,233 | $265,782,000 |
$119,000 | $550,000 |
$74,000 | $558,000 |
| FHA-insured (Federal Housing Administration) |
152 | $13,765,000 |
$90,000 | $178,000 |
$43,000 | $119,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
20 | $2,094,000 |
$104,000 | $188,000 |
$62,000 | $130,000 |
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| Application Approved But Not Accepted |
64 | $8,147,000 |
$127,000 | $252,000 |
$64,000 | $359,000 |
| Application Denied By Financial Institution |
91 | $9,880,000 |
$108,000 | $550,000 |
$54,000 | $218,000 |
| Application Withdrawn By Applicant |
118 | $13,622,000 |
$115,000 | $323,000 |
$60,000 | $441,000 |
| File Closed For Incompleteness |
17 | $1,586,000 |
$93,000 | $200,000 |
$47,000 | $147,000 |
| Loan Originated |
2,115 | $248,406,000 |
$117,000 | $550,000 |
$76,000 | $558,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
17 | $1,592,000 |
$93,000 | $200,000 |
$53,000 | $139,000 |
| Credit Application Incomplete |
1 | $84,000 |
$84,000 | $84,000 |
$20,000 | $20,000 |
| Credit History |
36 | $4,021,000 |
$111,000 | $550,000 |
$61,000 | $190,000 |
| Debt-To-Income Ratio |
13 | $1,341,000 |
$103,000 | $406,000 |
$36,000 | $218,000 |
| Employment History |
8 | $1,131,000 |
$141,000 | $263,000 |
$66,000 | $209,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $588,000 |
$117,000 | $160,000 |
$35,000 | $62,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $1,123,000 |
$102,000 | $170,000 |
$64,000 | $107,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HOMETOWN FUNDING INC- DBA CNB by:
Metropolitan Area And
County
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