Citibank, FSB Mortgage Lending & HMDA Data, 2005
In 2005, Citibank, FSB of New York, NY reported 76,406 mortgage applications totaling $8.3 billion, up 89% from 2004. The average application was for $108,811, and applicants reported an average income of $102,351. 47% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (5,047), Atlanta-Sandy Springs-Marietta, GA (3,048) and Minneapolis-St. Paul-Bloomington, MN-WI (1,816) (applications in parentheses).
| Mortgage Company & Address | Citibank, FSB 850 Third Avenue, 12th Floor New York, NY 10022 |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 76,406 |
| Total Mortgage Loan Application Amount | $8,313,857,000 |
| Average Mortgage Loan Application Amount | $108,811 |
| Highest Mortgage Loan Application Amount | $30,800,000 |
| Average Applicant Income | $102,351 |
| Highest Applicant Income | $9,750,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citibank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Citibank, FSB in 2005
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 | 34,065 | $3,488,726,000 | $105,538 | $30,800,000 | $103,173 | $9,750,000 |
| Home Purchase | 23,243 | $3,826,730,000 | $148,830 | $28,474,000 | $123,037 | $8,536,000 |
| Home Improvement | 19,098 | $998,401,000 | $47,884 | $1,000,000 | $82,634 | $4,200,000 |
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 | 46,853 | $4,768,420,000 | $102,750 | $8,750,000 | $102,923 | $7,725,000 |
| Not Provided | 16,329 | $1,951,321,000 | $115,698 | $10,000,000 | $105,905 | $8,000,000 |
| Black or African American | 4,887 | $337,733,000 | $67,500 | $1,688,000 | $86,021 | $8,536,000 |
| Hispanic | 4,784 | $376,411,000 | $74,823 | $2,500,000 | $87,882 | $8,466,000 |
| Asian | 2,532 | $265,339,000 | $84,306 | $3,650,000 | $103,632 | $2,771,000 |
| American Indian or Alaskan Native | 442 | $35,373,000 | $67,733 | $1,763,000 | $66,155 | $1,457,000 |
| Not applicable | 357 | $561,821,000 | $1,333,781 | $30,800,000 | $458,343 | $9,750,000 |
| Native Hawaiian or Other Pacific Islander | 222 | $17,439,000 | $63,771 | $1,250,000 | $67,857 | $1,008,000 |
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) | 76,402 | $8,313,747,000 | $103,433 | $30,800,000 | $101,528 | $9,750,000 |
| VA-guaranteed (Veterans Administration) | 3 | $85,000 | $28,333 | $50,000 | $46,333 | $49,000 |
| FHA-insured (Federal Housing Administration) | 1 | $25,000 | $25,000 | $25,000 | $220,000 | $220,000 |
| 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 | 35,554 | $4,243,776,000 | $117,692 | $28,474,000 | $111,711 | $7,725,000 |
| Application Denied By Financial Institution | 17,746 | $1,051,316,000 | $55,846 | $4,318,000 | $77,634 | $4,200,000 |
| Application Approved But Not Accepted | 7,753 | $439,052,000 | $52,692 | $1,000,000 | $83,730 | $3,919,000 |
| Loan Purchased By The Institution | 6,686 | $1,951,665,000 | $320,923 | $8,750,000 | $207,403 | $9,750,000 |
| Application Withdrawn By Applicant | 5,240 | $407,441,000 | $61,692 | $30,800,000 | $89,826 | $3,833,000 |
| File Closed For Incompleteness | 3,426 | $219,857,000 | $65,460 | $2,600,000 | $89,580 | $1,848,000 |
| Preapproval Denied by Financial Institution | 1 | $750,000 | $750,000 | $750,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 8,198 | $374,038,000 | $43,823 | $950,000 | $75,725 | $4,200,000 |
| Collateral | 4,485 | $315,475,000 | $68,448 | $2,000,000 | $92,387 | $2,276,000 |
| Debt-To-Income Ratio | 3,075 | $201,580,000 | $59,180 | $1,256,000 | $53,420 | $1,000,000 |
| Other | 1,756 | $144,923,000 | $79,769 | $4,318,000 | $90,365 | $2,280,000 |
| Unverifiable Information | 98 | $7,814,000 | $70,117 | $575,000 | $82,441 | $2,179,000 |
| Employment History | 86 | $4,864,000 | $53,612 | $210,000 | $50,129 | $276,000 |
| Credit Application Incomplete | 49 | $3,372,000 | $59,083 | $400,000 | $45,708 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citibank, FSB's 2005 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 Citibank, FSB'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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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