Citicorp Trust Bank, FSB Mortgage Lending & HMDA Data, 2007
In 2007, Citicorp Trust Bank, FSB of New York, NY reported 161,857 mortgage applications totaling $28.5 billion, down 5% from 2006. The average application was for $176,097, and applicants reported an average income of $65,586. 18% of its applications resulted in an originated loan and 47% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (6,902), Chicago-Naperville-Joliet, IL (4,936) and Riverside-San Bernardino-Ontario, CA (4,923) (applications in parentheses).
| Mortgage Company & Address | Citicorp Trust Bank, FSB 601 Lexington Avenue, 20th Floor New York, NY 10022 |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 161,857 |
| Total Mortgage Loan Application Amount | $28,502,559,000 |
| Average Mortgage Loan Application Amount | $176,097 |
| Highest Mortgage Loan Application Amount | $2,075,000 |
| Average Applicant Income | $65,586 |
| Highest Applicant Income | $2,506,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citicorp Trust Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citicorp Trust Bank, FSB 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 | 139,534 | $24,861,582,000 | $178,000 | $2,075,000 | $66,000 | $2,506,000 |
| Home Improvement | 22,322 | $3,640,827,000 | $163,000 | $2,000,000 | $63,000 | $1,374,000 |
| Home Purchase | 1 | $150,000 | $150,000 | $150,000 | $110,000 | $110,000 |
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 | 76,269 | $12,069,833,000 | $158,000 | $2,075,000 | $68,000 | $1,823,000 |
| Hispanic | 41,360 | $8,697,701,000 | $210,000 | $2,000,000 | $61,000 | $1,200,000 |
| Black or African American | 35,201 | $5,595,729,000 | $158,000 | $1,555,000 | $62,000 | $2,506,000 |
| Asian | 5,162 | $1,386,939,000 | $268,000 | $1,500,000 | $82,000 | $1,800,000 |
| Native Hawaiian or Other Pacific Islander | 1,403 | $385,550,000 | $274,000 | $980,000 | $82,000 | $950,000 |
| American Indian or Alaskan Native | 1,283 | $201,277,000 | $156,000 | $850,000 | $62,000 | $864,000 |
| Not Provided | 1,179 | $165,530,000 | $140,000 | $1,950,000 | $59,000 | $720,000 |
| 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) | 161,857 | $28,502,559,000 | $176,000 | $2,075,000 | $65,000 | $2,506,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 75,794 | $14,496,610,000 | $191,000 | $2,075,000 | $60,000 | $2,506,000 |
| Application Approved But Not Accepted | 56,756 | $9,470,248,000 | $166,000 | $1,750,000 | $72,000 | $1,800,000 |
| Loan Originated | 28,558 | $4,410,857,000 | $154,000 | $1,121,000 | $65,000 | $593,000 |
| Application Withdrawn By Applicant | 534 | $104,540,000 | $195,000 | $700,000 | $62,000 | $244,000 |
| Loan Purchased By The Institution | 215 | $20,304,000 | $94,000 | $506,000 | $57,000 | $178,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 22,839 | $4,689,198,000 | $205,000 | $2,075,000 | $70,000 | $1,284,000 |
| Credit History | 18,971 | $3,129,442,000 | $164,000 | $1,800,000 | $60,000 | $1,476,000 |
| Debt-To-Income Ratio | 17,561 | $3,986,060,000 | $226,000 | $2,075,000 | $48,000 | $893,000 |
| Other | 12,016 | $1,902,695,000 | $158,000 | $1,950,000 | $62,000 | $2,506,000 |
| Unverifiable Information | 2,920 | $509,463,000 | $174,000 | $985,000 | $59,000 | $1,156,000 |
| Employment History | 1,254 | $243,865,000 | $194,000 | $770,000 | $52,000 | $1,200,000 |
| Credit Application Incomplete | 211 | $30,745,000 | $145,000 | $700,000 | $55,000 | $372,000 |
| Mortgage Insurance Denied | 22 | $5,142,000 | $233,000 | $600,000 | $129,000 | $540,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citicorp Trust Bank, FSB'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 Citicorp Trust Bank, 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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