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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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PACE FUNDING COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
PACE FUNDING COMPANY |
| Address | 2333 NORTH TRIPHAMMER RD
ITHACA, NY 14850 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 340 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,805,000 |
| Average Mortgage Loan Amount Applied For | $101,571 |
| Highest Mortgage Loan Amount Applied For | $323,000 |
| Average Applicant Income | $56,285 |
| Highest Applicant Income | $1,624,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
289 | $36,440,000 |
$126,000 | $323,000 |
$56,000 | $1,624,000 |
| Refinancing |
51 | $6,365,000 |
$124,000 | $298,000 |
$65,000 | $226,000 |
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| American Indian or Alaskan Native |
3 | $284,000 |
$94,000 | $120,000 |
$46,000 | $81,000 |
| Asian |
13 | $1,930,000 |
$148,000 | $294,000 |
$57,000 | $301,000 |
| Black or African American |
5 | $537,000 |
$107,000 | $162,000 |
$62,000 | $88,000 |
| Hispanic |
1 | $190,000 |
$190,000 | $190,000 |
$106,000 | $106,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $324,000 |
$162,000 | $185,000 |
$52,000 | $56,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
316 | $39,540,000 |
$125,000 | $323,000 |
$58,000 | $1,624,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
340 | $42,805,000 |
$125,000 | $323,000 |
$58,000 | $1,624,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
1 | $108,000 |
$108,000 | $108,000 |
$33,000 | $33,000 |
| Application Withdrawn By Applicant |
10 | $1,401,000 |
$140,000 | $244,000 |
$47,000 | $79,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
329 | $41,296,000 |
$125,000 | $323,000 |
$60,000 | $1,624,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $108,000 |
$108,000 | $108,000 |
$33,000 | $33,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PACE FUNDING COMPANY by:
Metropolitan Area And
County
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