Ace Mortgage Funding, Llc. Mortgage Lending & HMDA Data, 2007
In 2007, Ace Mortgage Funding, Llc. of Indianapolis, IN reported 8,710 mortgage applications totaling $1.6 billion, up 58% from 2006. The average application was for $186,502, and applicants reported an average income of $84,742. 40% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (543), Portland-Vancouver-Beaverton, OR-WA (396) and Phoenix-Mesa-Scottsdale, AZ (322) (applications in parentheses).
| Mortgage Company & Address | Ace Mortgage Funding, Llc. 7820 Innovation Blvd. Suite 300 Indianapolis, IN 46278 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 8,710 |
| Total Mortgage Loan Application Amount | $1,624,438,000 |
| Average Mortgage Loan Application Amount | $186,502 |
| Highest Mortgage Loan Application Amount | $2,300,000 |
| Average Applicant Income | $84,742 |
| Highest Applicant Income | $1,797,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ace Mortgage Funding, Llc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 543 | $ 96,186,000 | $ 177,138 | $ 75,000 |
| Portland-Vancouver-Beaverton, OR-WA | 396 | $ 77,473,000 | $ 195,638 | $ 87,954 |
| Phoenix-Mesa-Scottsdale, AZ | 322 | $ 62,215,000 | $ 193,214 | $ 86,000 |
| Indianapolis-Carmel, IN | 315 | $ 46,150,000 | $ 146,507 | $ 71,000 |
| Los Angeles-Long Beach-Glendale, CA | 313 | $ 99,286,000 | $ 317,207 | $ 140,000 |
| Riverside-San Bernardino-Ontario, CA | 288 | $ 79,652,000 | $ 276,569 | $ 128,000 |
| Orlando-Kissimmee, FL | 237 | $ 44,662,000 | $ 188,447 | $ 81,000 |
| Tampa-St. Petersburg-Clearwater, FL | 173 | $ 29,746,000 | $ 171,942 | $ 74,000 |
| Seattle-Bellevue-Everett, WA | 168 | $ 46,738,000 | $ 278,202 | $ 120,000 |
| Jacksonville, FL | 162 | $ 25,909,000 | $ 159,932 | $ 67,000 |
| Charlotte-Gastonia-Concord, NC-SC | 150 | $ 21,614,000 | $ 144,093 | $ 66,700 |
| Las Vegas-Paradise, NV | 150 | $ 33,645,000 | $ 224,300 | $ 104,000 |
| Chicago-Naperville-Joliet, IL | 138 | $ 27,395,000 | $ 198,514 | $ 73,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 137 | $ 37,549,000 | $ 274,080 | $ 137,000 |
| Gary, IN | 132 | $ 21,081,000 | $ 159,704 | $ 75,000 |
| Denver-Aurora, CO | 123 | $ 24,460,000 | $ 198,861 | $ 79,000 |
| Milwaukee-Waukesha-West Allis, WI | 105 | $ 17,201,000 | $ 163,819 | $ 63,000 |
| Salem, OR | 101 | $ 14,165,000 | $ 140,247 | $ 80,000 |
| Boise City-Nampa, ID | 91 | $ 13,330,000 | $ 146,483 | $ 73,000 |
| Louisville-Jefferson County, KY-IN | 91 | $ 11,327,000 | $ 124,472 | $ 51,428 |
| Tacoma, WA | 90 | $ 18,834,000 | $ 209,266 | $ 92,000 |
| Bakersfield, CA | 75 | $ 14,853,000 | $ 198,040 | $ 102,000 |
| Salt Lake City, UT | 74 | $ 13,920,000 | $ 188,108 | $ 102,000 |
| Stockton, CA | 71 | $ 20,061,000 | $ 282,549 | $ 131,000 |
| Santa Ana-Anaheim-Irvine, CA | 67 | $ 25,981,000 | $ 387,776 | $ 175,000 |
| Oakland-Fremont-Hayward, CA | 66 | $ 20,294,000 | $ 307,484 | $ 160,000 |
| San Diego-Carlsbad-San Marcos, CA | 66 | $ 20,710,000 | $ 313,787 | $ 156,000 |
| Albuquerque, NM | 64 | $ 11,435,000 | $ 178,671 | $ 121,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 63 | $ 13,439,000 | $ 213,317 | $ 73,809 |
| Fresno, CA | 59 | $ 11,016,000 | $ 186,711 | $ 82,000 |
| Grand Rapids-Wyoming, MI | 59 | $ 6,688,000 | $ 113,355 | $ 69,000 |
| Raleigh-Cary, NC | 58 | $ 8,671,000 | $ 149,500 | $ 68,000 |
| Evansville, IN-KY | 55 | $ 5,239,000 | $ 95,254 | $ 47,872 |
| Lakeland, FL | 52 | $ 7,644,000 | $ 147,000 | $ 79,000 |
| Modesto, CA | 52 | $ 12,410,000 | $ 238,653 | $ 85,000 |
| St. Louis, MO-IL | 51 | $ 6,322,000 | $ 123,960 | $ 60,392 |
| San Jose-Sunnyvale-Santa Clara, CA | 50 | $ 17,043,000 | $ 340,860 | $ 119,000 |
| Greensboro-High Point, NC | 45 | $ 5,660,000 | $ 125,777 | $ 71,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 39 | $ 7,348,000 | $ 188,410 | $ 64,000 |
| Tucson, AZ | 39 | $ 6,756,000 | $ 173,230 | $ 75,000 |
| Fayetteville, NC | 35 | $ 4,274,000 | $ 122,114 | $ 62,000 |
| Medford, OR | 35 | $ 6,680,000 | $ 190,857 | $ 86,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 33 | $ 9,247,000 | $ 280,212 | $ 103,000 |
| Columbus, OH | 30 | $ 3,964,000 | $ 132,133 | $ 84,000 |
| Sarasota-Bradenton-Venice, FL | 30 | $ 5,997,000 | $ 199,900 | $ 84,000 |
| Pensacola-Ferry Pass-Brent, FL | 29 | $ 3,745,000 | $ 129,137 | $ 59,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 28 | $ 5,716,000 | $ 204,142 | $ 72,000 |
| Palm Bay-Melbourne-Titusville, FL | 28 | $ 4,662,000 | $ 166,500 | $ 87,000 |
| St. George, UT | 27 | $ 8,795,000 | $ 325,740 | $ 205,000 |
| Winston-Salem, NC | 27 | $ 4,134,000 | $ 153,111 | $ 60,000 |
| Charleston-North Charleston, SC | 25 | $ 3,619,000 | $ 144,760 | $ 62,000 |
| Cincinnati-Middletown, OH-KY-IN | 25 | $ 3,131,000 | $ 125,240 | $ 58,400 |
| Ocala, FL | 25 | $ 3,736,000 | $ 149,440 | $ 78,000 |
| Visalia-Porterville, CA | 25 | $ 4,857,000 | $ 194,280 | $ 77,000 |
| Augusta-Richmond County, GA-SC | 24 | $ 2,867,000 | $ 119,458 | $ 63,416 |
| Colorado Springs, CO | 24 | $ 4,017,000 | $ 167,375 | $ 66,000 |
| Gainesville, GA | 24 | $ 5,617,000 | $ 234,041 | $ 81,000 |
| Longview, WA | 24 | $ 3,859,000 | $ 160,791 | $ 75,000 |
| Michigan City-La Porte, IN | 24 | $ 3,156,000 | $ 131,500 | $ 62,000 |
| South Bend-Mishawaka, IN-MI | 24 | $ 3,268,000 | $ 136,166 | $ 52,708 |
| Columbia, SC | 23 | $ 2,583,000 | $ 112,304 | $ 71,000 |
| Lake County-Kenosha County, IL-WI | 23 | $ 3,960,000 | $ 172,173 | $ 73,695 |
| Merced, CA | 23 | $ 5,522,000 | $ 240,086 | $ 89,000 |
| Lake Havasu City-Kingman, AZ | 22 | $ 3,607,000 | $ 163,954 | $ 125,000 |
| Spokane, WA | 22 | $ 3,506,000 | $ 159,363 | $ 71,000 |
| Reno-Sparks, NV | 21 | $ 5,271,000 | $ 251,000 | $ 137,000 |
| Coeur D'Alene, ID | 20 | $ 3,984,000 | $ 199,200 | $ 71,000 |
| Durham, NC | 20 | $ 2,368,000 | $ 118,400 | $ 61,000 |
| Miami-Miami Beach-Kendall, FL | 20 | $ 5,157,000 | $ 257,850 | $ 109,000 |
| Provo-Orem, UT | 20 | $ 3,153,000 | $ 157,650 | $ 84,000 |
| Fort Wayne, IN | 19 | $ 1,910,000 | $ 100,526 | $ 55,000 |
| Greenville-Mauldin-Easley, SC | 19 | $ 2,558,000 | $ 134,631 | $ 75,000 |
| Hickory-Lenoir-Morganton, NC | 19 | $ 2,982,000 | $ 156,947 | $ 55,000 |
| Lansing-East Lansing, MI | 19 | $ 1,942,000 | $ 102,210 | $ 81,000 |
| Port St. Lucie, FL | 19 | $ 3,108,000 | $ 163,578 | $ 93,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 19 | $ 5,808,000 | $ 305,684 | $ 113,000 |
| Elkhart-Goshen, IN | 18 | $ 2,784,000 | $ 154,666 | $ 69,000 |
| Lexington-Fayette, KY | 18 | $ 2,572,000 | $ 142,888 | $ 60,000 |
| Ogden-Clearfield, UT | 18 | $ 2,970,000 | $ 165,000 | $ 111,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 17 | $ 6,949,000 | $ 408,764 | $ 139,000 |
| Savannah, GA | 17 | $ 2,955,000 | $ 173,823 | $ 70,000 |
| Terre Haute, IN | 17 | $ 2,005,000 | $ 117,941 | $ 56,000 |
| Anderson, IN | 16 | $ 1,631,000 | $ 101,937 | $ 46,000 |
| Bloomington, IN | 16 | $ 2,022,000 | $ 126,375 | $ 60,000 |
| Greeley, CO | 16 | $ 2,285,000 | $ 142,812 | $ 85,000 |
| Kennewick-Richland-Pasco, WA | 16 | $ 1,797,000 | $ 112,312 | $ 64,000 |
| Kokomo, IN | 16 | $ 1,725,000 | $ 107,812 | $ 50,000 |
| Asheville, NC | 15 | $ 2,512,000 | $ 167,466 | $ 60,000 |
| Bremerton-Silverdale, WA | 15 | $ 3,257,000 | $ 217,133 | $ 77,000 |
| Cape Coral-Fort Myers, FL | 15 | $ 3,752,000 | $ 250,133 | $ 165,000 |
| Madison, WI | 15 | $ 2,392,000 | $ 159,466 | $ 50,000 |
| Olympia, WA | 15 | $ 2,621,000 | $ 174,733 | $ 64,000 |
| Racine, WI | 15 | $ 2,156,000 | $ 143,733 | $ 48,000 |
| San Francisco-San Mateo-Redwood City, CA | 15 | $ 7,169,000 | $ 477,933 | $ 100,000 |
| Detroit-Livonia-Dearborn, MI | 14 | $ 2,180,000 | $ 155,714 | $ 63,000 |
| Janesville, WI | 14 | $ 1,796,000 | $ 128,285 | $ 63,000 |
| Lafayette, IN | 14 | $ 1,594,000 | $ 113,857 | $ 56,000 |
| Prescott, AZ | 14 | $ 2,475,000 | $ 176,785 | $ 60,000 |
| Pueblo, CO | 14 | $ 1,262,000 | $ 90,142 | $ 47,000 |
| Wilmington, NC | 14 | $ 2,659,000 | $ 189,928 | $ 91,000 |
| Yakima, WA | 14 | $ 2,005,000 | $ 143,214 | $ 86,000 |
| Appleton, WI | 13 | $ 2,079,000 | $ 159,923 | $ 56,000 |
| Chattanooga, TN-GA | 13 | $ 1,994,000 | $ 153,384 | $ 65,461 |
| Farmington, NM | 13 | $ 1,536,000 | $ 118,153 | $ 67,000 |
| Tallahassee, FL | 13 | $ 2,167,000 | $ 166,692 | $ 88,000 |
| Columbus, GA-AL | 12 | $ 1,396,000 | $ 116,333 | $ 41,000 |
| Jacksonville, NC | 12 | $ 1,721,000 | $ 143,416 | $ 63,000 |
| Madera, CA | 12 | $ 3,067,000 | $ 255,583 | $ 70,000 |
| Salinas, CA | 12 | $ 3,538,000 | $ 294,833 | $ 132,000 |
| Warren-Troy-Farmington Hills, MI | 12 | $ 3,069,000 | $ 255,750 | $ 126,000 |
| Cleveland-Elyria-Mentor, OH | 11 | $ 1,603,000 | $ 145,727 | $ 77,000 |
| Green Bay, WI | 11 | $ 1,654,000 | $ 150,363 | $ 51,000 |
| Hanford-Corcoran, CA | 11 | $ 1,504,000 | $ 136,727 | $ 88,000 |
| Kansas City, MO-KS | 11 | $ 1,687,000 | $ 153,363 | $ 56,909 |
| Oshkosh-Neenah, WI | 11 | $ 1,258,000 | $ 114,363 | $ 63,000 |
| Duluth, MN-WI | 10 | $ 1,390,000 | $ 139,000 | $ 60,500 |
| Memphis, TN-MS-AR | 10 | $ 1,411,000 | $ 141,100 | $ 77,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 10 | $ 3,591,000 | $ 359,100 | $ 196,000 |
| Panama City-Lynn Haven, FL | 10 | $ 1,887,000 | $ 188,700 | $ 56,000 |
| Rocky Mount, NC | 10 | $ 958,000 | $ 95,800 | $ 56,000 |
| Athens-Clarke County, GA | 9 | $ 1,325,000 | $ 147,222 | $ 48,000 |
| Baton Rouge, LA | 9 | $ 776,000 | $ 86,222 | $ 50,000 |
| Clarksville, TN-KY | 9 | $ 888,000 | $ 98,666 | $ 53,111 |
| Muncie, IN | 9 | $ 619,000 | $ 68,777 | $ 37,000 |
| Rockford, IL | 9 | $ 976,000 | $ 108,444 | $ 78,000 |
| Wausau, WI | 9 | $ 1,129,000 | $ 125,444 | $ 62,000 |
| Anderson, SC | 8 | $ 1,301,000 | $ 162,625 | $ 115,000 |
| Eugene-Springfield, OR | 8 | $ 1,729,000 | $ 216,125 | $ 63,000 |
| Fond Du Lac, WI | 8 | $ 1,078,000 | $ 134,750 | $ 63,000 |
| Gainesville, FL | 8 | $ 1,734,000 | $ 216,750 | $ 94,000 |
| Goldsboro, NC | 8 | $ 952,000 | $ 119,000 | $ 37,000 |
| Hartford-West Hartford-East Hartford, CT | 8 | $ 2,172,000 | $ 271,500 | $ 104,000 |
| Idaho Falls, ID | 8 | $ 1,556,000 | $ 194,500 | $ 76,000 |
| Las Cruces, NM | 8 | $ 1,286,000 | $ 160,750 | $ 96,000 |
| Lewiston, ID-WA | 8 | $ 740,000 | $ 92,500 | $ 68,125 |
| Macon, GA | 8 | $ 972,000 | $ 121,500 | $ 50,000 |
| Peoria, IL | 8 | $ 903,000 | $ 112,875 | $ 59,000 |
| Santa Fe, NM | 8 | $ 1,552,000 | $ 194,000 | $ 83,000 |
| Vallejo-Fairfield, CA | 8 | $ 2,714,000 | $ 339,250 | $ 113,000 |
| Wenatchee, WA | 8 | $ 1,521,000 | $ 190,125 | $ 89,000 |
| Yuma, AZ | 8 | $ 988,000 | $ 123,500 | $ 87,000 |
| Brunswick, GA | 7 | $ 972,000 | $ 138,857 | $ 61,000 |
| Greenville, NC | 7 | $ 912,000 | $ 130,285 | $ 58,000 |
| Lafayette, LA | 7 | $ 584,000 | $ 83,428 | $ 76,000 |
| Monroe, LA | 7 | $ 573,000 | $ 81,857 | $ 48,000 |
| Owensboro, KY | 7 | $ 766,000 | $ 109,428 | $ 52,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 7 | $ 2,449,000 | $ 349,857 | $ 146,000 |
| Akron, OH | 6 | $ 905,000 | $ 150,833 | $ 49,000 |
| Davenport-Moline-Rock Island, IA-IL | 6 | $ 597,000 | $ 99,500 | $ 49,333 |
| Logan, UT-ID | 6 | $ 862,000 | $ 143,666 | $ 49,500 |
| Rochester, MN | 6 | $ 834,000 | $ 139,000 | $ 58,000 |
| Sheboygan, WI | 6 | $ 958,000 | $ 159,666 | $ 54,000 |
| Spartanburg, SC | 6 | $ 1,028,000 | $ 171,333 | $ 87,000 |
| Springfield, MO | 6 | $ 761,000 | $ 126,833 | $ 50,000 |
| Warner Robins, GA | 6 | $ 523,000 | $ 87,166 | $ 37,000 |
| Boulder, CO | 5 | $ 4,883,000 | $ 976,600 | $ 357,000 |
| Columbus, IN | 5 | $ 392,000 | $ 78,400 | $ 51,000 |
| Dayton, OH | 5 | $ 467,000 | $ 93,400 | $ 47,000 |
| Grand Junction, CO | 5 | $ 799,000 | $ 159,800 | $ 70,000 |
| Hinesville-Fort Stewart, GA | 5 | $ 668,000 | $ 133,600 | $ 89,000 |
| Holland-Grand Haven, MI | 5 | $ 784,000 | $ 156,800 | $ 55,000 |
| Kalamazoo-Portage, MI | 5 | $ 654,000 | $ 130,800 | $ 50,000 |
| Naples-Marco Island, FL | 5 | $ 1,607,000 | $ 321,400 | $ 125,000 |
| Pocatello, ID | 5 | $ 605,000 | $ 121,000 | $ 129,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 580,000 | $ 116,000 | $ 62,000 |
| Albany, GA | 4 | $ 553,000 | $ 138,250 | $ 57,000 |
| Ann Arbor, MI | 4 | $ 574,000 | $ 143,500 | $ 71,000 |
| Bend, OR | 4 | $ 835,000 | $ 208,750 | $ 135,000 |
| Flint, MI | 4 | $ 286,000 | $ 71,500 | $ 66,000 |
| Fort Walton Beach-Crestview-Destin, FL | 4 | $ 756,000 | $ 189,000 | $ 58,000 |
| Huntington-Ashland, WV-KY-OH | 4 | $ 465,000 | $ 116,250 | $ 65,000 |
| Jefferson City, MO | 4 | $ 571,000 | $ 142,750 | $ 68,000 |
| Lima, OH | 4 | $ 415,000 | $ 103,750 | $ 52,000 |
| Muskegon-Norton Shores, MI | 4 | $ 467,000 | $ 116,750 | $ 60,000 |
| New Haven-Milford, CT | 4 | $ 811,000 | $ 202,750 | $ 41,000 |
| New Orleans-Metairie-Kenner, LA | 4 | $ 1,119,000 | $ 279,750 | $ 182,000 |
| Palm Coast, FL | 4 | $ 717,000 | $ 179,250 | $ 45,000 |
| Pittsburgh, PA | 4 | $ 556,000 | $ 139,000 | $ 230,000 |
| Rome, GA | 4 | $ 422,000 | $ 105,500 | $ 76,000 |
| Sumter, SC | 4 | $ 365,000 | $ 91,250 | $ 52,000 |
| Yuba City, CA | 4 | $ 828,000 | $ 207,000 | $ 94,000 |
| Alexandria, LA | 3 | $ 546,000 | $ 182,000 | $ 58,000 |
| Battle Creek, MI | 3 | $ 176,000 | $ 58,666 | $ 44,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 926,000 | $ 308,666 | $ 159,000 |
| Canton-Massillon, OH | 3 | $ 373,000 | $ 124,333 | $ 76,000 |
| Champaign-Urbana, IL | 3 | $ 363,000 | $ 121,000 | $ 45,000 |
| Columbia, MO | 3 | $ 417,000 | $ 139,000 | $ 60,000 |
| Decatur, IL | 3 | $ 307,000 | $ 102,333 | $ 37,000 |
| Flagstaff, AZ | 3 | $ 503,000 | $ 167,666 | $ 52,000 |
| Florence, SC | 3 | $ 212,000 | $ 70,666 | $ 92,000 |
| Fort Collins-Loveland, CO | 3 | $ 341,000 | $ 113,666 | $ 55,000 |
| Johnson City, TN | 3 | $ 303,000 | $ 101,000 | $ 35,000 |
| Kankakee-Bradley, IL | 3 | $ 374,000 | $ 124,666 | $ 54,000 |
| Knoxville, TN | 3 | $ 282,000 | $ 94,000 | $ 43,000 |
| La Crosse, WI-MN | 3 | $ 476,000 | $ 158,666 | $ 59,000 |
| Mount Vernon-Anacortes, WA | 3 | $ 612,000 | $ 204,000 | $ 66,000 |
| Niles-Benton Harbor, MI | 3 | $ 226,000 | $ 75,333 | $ 46,000 |
| Norwich-New London, CT | 3 | $ 523,000 | $ 174,333 | $ 46,000 |
| Punta Gorda, FL | 3 | $ 608,000 | $ 202,666 | $ 159,000 |
| Redding, CA | 3 | $ 699,000 | $ 233,000 | $ 63,000 |
| Valdosta, GA | 3 | $ 285,000 | $ 95,000 | $ 98,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 801,000 | $ 267,000 | $ 110,000 |
| Baltimore-Towson, MD | 2 | $ 819,000 | $ 409,500 | $ 140,000 |
| Bethesda-Gaithersburg-Frederick, MD | 2 | $ 257,000 | $ 128,500 | $ 106,000 |
| Chico, CA | 2 | $ 248,000 | $ 124,000 | $ 67,000 |
| Corvallis, OR | 2 | $ 322,000 | $ 161,000 | $ 427,000 |
| Dalton, GA | 2 | $ 263,000 | $ 131,500 | $ 29,000 |
| Danville, IL | 2 | $ 180,000 | $ 90,000 | $ 53,000 |
| Des Moines-West Des Moines, IA | 2 | $ 249,000 | $ 124,500 | $ 74,000 |
| Eau Claire, WI | 2 | $ 214,000 | $ 107,000 | $ 42,000 |
| Grand Forks, ND-MN | 2 | $ 192,000 | $ 96,000 | $ 65,000 |
| Oklahoma City, OK | 2 | $ 270,000 | $ 135,000 | $ 64,000 |
| Saginaw-Saginaw Township North, MI | 2 | $ 259,000 | $ 129,500 | $ 64,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 547,000 | $ 273,500 | $ 102,000 |
| Springfield, OH | 2 | $ 177,000 | $ 88,500 | $ 52,000 |
| St. Cloud, MN | 2 | $ 257,000 | $ 128,500 | $ 50,000 |
| Waterloo-Cedar Falls, IA | 2 | $ 214,000 | $ 107,000 | $ 68,000 |
| Bangor, ME | 1 | $ 166,000 | $ 166,000 | $ 38,000 |
| Bellingham, WA | 1 | $ 549,000 | $ 549,000 | $ 167,000 |
| Billings, MT | 1 | $ 136,000 | $ 136,000 | $ 56,000 |
| Birmingham-Hoover, AL | 1 | $ 150,000 | $ 150,000 | $ 51,000 |
| Burlington, NC | 1 | $ 186,000 | $ 186,000 | $ 75,000 |
| Carson City, NV | 1 | $ 387,000 | $ 387,000 | $ 112,000 |
| Cleveland, TN | 1 | $ 117,000 | $ 117,000 | $ 30,000 |
| Elizabethtown, KY | 1 | $ 90,000 | $ 90,000 | $ 23,000 |
| Gulfport-Biloxi, MS | 1 | $ 751,000 | $ 751,000 | $ 335,000 |
| Hattiesburg, MS | 1 | $ 131,000 | $ 131,000 | $ 76,000 |
| Iowa City, IA | 1 | $ 183,000 | $ 183,000 | $ 80,000 |
| Jackson, MI | 1 | $ 160,000 | $ 160,000 | $ 30,000 |
| Joplin, MO | 1 | $ 104,000 | $ 104,000 | $ 110,000 |
| Mansfield, OH | 1 | $ 87,000 | $ 87,000 | $ 29,000 |
| Monroe, MI | 1 | $ 205,000 | $ 205,000 | $ 72,000 |
| Newark-Union, NJ-PA | 1 | $ 279,000 | $ 279,000 | $ 90,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 300,000 | $ 300,000 | $ 80,000 |
| Philadelphia, PA | 1 | $ 203,000 | $ 203,000 | $ 78,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 212,000 | $ 212,000 | $ 54,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 254,000 | $ 254,000 | $ 92,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 404,000 | $ 404,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 123,000 | $ 123,000 | $ 120,000 |
| Springfield, IL | 1 | $ 137,000 | $ 137,000 | $ 45,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 684,000 | $ 684,000 | $ 240,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 120,000 | $ 120,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Ace Mortgage Funding, Llc. in 2007
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 5,584 | $1,042,086,000 | $186,000 | $2,300,000 | $79,000 | $1,797,000 |
| Home Purchase | 3,125 | $582,192,000 | $186,000 | $1,100,000 | $95,000 | $1,140,000 |
| Home Improvement | 1 | $160,000 | $160,000 | $160,000 | $99,000 | $99,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 4,718 | $826,899,000 | $175,000 | $2,300,000 | $81,000 | $1,797,000 |
| Hispanic | 1,416 | $285,003,000 | $201,000 | $1,200,000 | $89,000 | $1,132,000 |
| Black or African American | 1,268 | $222,402,000 | $175,000 | $1,610,000 | $77,000 | $1,140,000 |
| Not Provided | 942 | $193,011,000 | $204,000 | $1,293,000 | $95,000 | $1,326,000 |
| Asian | 271 | $71,625,000 | $264,000 | $1,000,000 | $123,000 | $534,000 |
| Native Hawaiian or Other Pacific Islander | 76 | $21,280,000 | $280,000 | $1,950,000 | $140,000 | $1,063,000 |
| American Indian or Alaskan Native | 19 | $4,218,000 | $222,000 | $625,000 | $96,000 | $336,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5,784 | $1,196,701,000 | $206,000 | $2,300,000 | $98,000 | $1,797,000 |
| FHA-insured (Federal Housing Administration) | 2,909 | $425,035,000 | $146,000 | $361,000 | $58,000 | $624,000 |
| VA-guaranteed (Veterans Administration) | 17 | $2,702,000 | $158,000 | $263,000 | $55,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 3,515 | $555,396,000 | $158,000 | $941,000 | $70,000 | $1,132,000 |
| Application Denied By Financial Institution | 3,307 | $714,941,000 | $216,000 | $2,300,000 | $99,000 | $1,797,000 |
| Application Approved But Not Accepted | 1,108 | $212,794,000 | $192,000 | $1,310,000 | $96,000 | $1,103,000 |
| Application Withdrawn By Applicant | 703 | $124,387,000 | $176,000 | $1,950,000 | $77,000 | $1,063,000 |
| File Closed For Incompleteness | 72 | $16,448,000 | $228,000 | $880,000 | $99,000 | $383,000 |
| Preapproval Denied by Financial Institution | 5 | $472,000 | $94,000 | $128,000 | $40,000 | $65,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Other | 945 | $216,566,000 | $229,000 | $2,300,000 | $106,000 | $816,000 |
| Credit History | 558 | $110,736,000 | $198,000 | $1,100,000 | $88,000 | $464,000 |
| Collateral | 431 | $86,634,000 | $201,000 | $1,610,000 | $96,000 | $720,000 |
| Debt-To-Income Ratio | 337 | $71,563,000 | $212,000 | $960,000 | $91,000 | $1,326,000 |
| Unverifiable Information | 176 | $40,264,000 | $228,000 | $998,000 | $94,000 | $480,000 |
| Employment History | 109 | $25,723,000 | $235,000 | $800,000 | $117,000 | $1,140,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 41 | $9,153,000 | $223,000 | $921,000 | $83,000 | $209,000 |
| Credit Application Incomplete | 18 | $4,312,000 | $239,000 | $558,000 | $81,000 | $237,000 |
| Mortgage Insurance Denied | 2 | $252,000 | $126,000 | $138,000 | $37,000 | $41,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ace Mortgage Funding, Llc.'s 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Ace Mortgage Funding, Llc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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