Citifinancial Mortgage Lending & HMDA Data, 2008
In 2008, Citifinancial of Baltimore, MD reported 2,229 mortgage applications totaling $142.7 million, down 29% from 2007. The average application was for $64,016, and applicants reported an average income of $31,595. 20% of its applications resulted in an originated loan and 46% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (1,541), Aguadilla-Isabela-San Sebastian, PR (139) and Ponce, PR (139) (applications in parentheses).
| Mortgage Company & Address | Citifinancial 300 St. Paul Place Baltimore, MD 21202 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 2,229 |
| Total Mortgage Loan Application Amount | $142,693,000 |
| Average Mortgage Loan Application Amount | $64,016 |
| Highest Mortgage Loan Application Amount | $400,000 |
| Average Applicant Income | $31,595 |
| Highest Applicant Income | $576,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citifinancial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Juan, Puerto Rico | 174 | $ 11,606,000 | $ 66,701 | $ 36,000 |
| Carolina, Puerto Rico | 123 | $ 8,458,000 | $ 68,764 | $ 48,000 |
| Bayamon, Puerto Rico | 99 | $ 5,488,000 | $ 55,434 | $ 31,000 |
| Caguas, Puerto Rico | 93 | $ 7,664,000 | $ 82,408 | $ 38,000 |
| Ponce, Puerto Rico | 84 | $ 4,768,000 | $ 56,761 | $ 28,000 |
| Rio Grande, Puerto Rico | 70 | $ 4,491,000 | $ 64,157 | $ 30,000 |
| Humacao, Puerto Rico | 64 | $ 3,499,000 | $ 54,671 | $ 28,000 |
| Toa Baja, Puerto Rico | 60 | $ 4,590,000 | $ 76,500 | $ 35,000 |
| Arecibo, Puerto Rico | 55 | $ 3,132,000 | $ 56,945 | $ 26,000 |
| Cidra, Puerto Rico | 53 | $ 4,220,000 | $ 79,622 | $ 34,000 |
| Mayaguez, Puerto Rico | 47 | $ 2,851,000 | $ 60,659 | $ 28,000 |
| Trujillo Alto, Puerto Rico | 46 | $ 3,117,000 | $ 67,760 | $ 45,000 |
| Juana Diaz, Puerto Rico | 43 | $ 3,075,000 | $ 71,511 | $ 28,000 |
| Toa Alta, Puerto Rico | 43 | $ 2,523,000 | $ 58,674 | $ 34,000 |
| Canovanas, Puerto Rico | 41 | $ 2,396,000 | $ 58,439 | $ 26,000 |
| Maunabo, Puerto Rico | 37 | $ 1,934,000 | $ 52,270 | $ 19,000 |
| Guaynabo, Puerto Rico | 36 | $ 2,643,000 | $ 73,416 | $ 70,000 |
| Vega Baja, Puerto Rico | 36 | $ 1,632,000 | $ 45,333 | $ 25,000 |
| Las Piedras, Puerto Rico | 35 | $ 2,097,000 | $ 59,914 | $ 29,000 |
| Salinas, Puerto Rico | 35 | $ 2,033,000 | $ 58,085 | $ 26,000 |
| Lares, Puerto Rico | 34 | $ 2,307,000 | $ 67,852 | $ 24,000 |
| Gurabo, Puerto Rico | 33 | $ 2,921,000 | $ 88,515 | $ 33,000 |
| Cayey, Puerto Rico | 32 | $ 2,967,000 | $ 92,718 | $ 43,000 |
| Fajardo, Puerto Rico | 32 | $ 1,807,000 | $ 56,468 | $ 37,000 |
| Aibonito, Puerto Rico | 28 | $ 2,018,000 | $ 72,071 | $ 24,000 |
| Guayama, Puerto Rico | 27 | $ 1,623,000 | $ 60,111 | $ 30,000 |
| Naguabo, Puerto Rico | 27 | $ 1,390,000 | $ 51,481 | $ 25,000 |
| Utuado, Puerto Rico | 27 | $ 1,420,000 | $ 52,592 | $ 25,000 |
| Juncos, Puerto Rico | 26 | $ 1,609,000 | $ 61,884 | $ 33,000 |
| Anasco, Puerto Rico | 24 | $ 1,294,000 | $ 53,916 | $ 32,000 |
| Manati, Puerto Rico | 24 | $ 1,172,000 | $ 48,833 | $ 20,000 |
| Vega Alta, Puerto Rico | 24 | $ 1,367,000 | $ 56,958 | $ 25,000 |
| San Lorenzo, Puerto Rico | 23 | $ 1,309,000 | $ 56,913 | $ 30,000 |
| Morovis, Puerto Rico | 22 | $ 1,434,000 | $ 65,181 | $ 31,000 |
| Camuy, Puerto Rico | 21 | $ 1,167,000 | $ 55,571 | $ 26,000 |
| Coamo, Puerto Rico | 21 | $ 1,715,000 | $ 81,666 | $ 28,000 |
| Dorado, Puerto Rico | 21 | $ 1,404,000 | $ 66,857 | $ 23,000 |
| Aguadilla, Puerto Rico | 20 | $ 1,242,000 | $ 62,100 | $ 23,000 |
| Quebradillas, Puerto Rico | 20 | $ 1,552,000 | $ 77,600 | $ 22,000 |
| San Sebastian, Puerto Rico | 20 | $ 1,363,000 | $ 68,150 | $ 29,000 |
| Catano, Puerto Rico | 19 | $ 1,346,000 | $ 70,842 | $ 33,000 |
| Corozal, Puerto Rico | 19 | $ 1,026,000 | $ 54,000 | $ 22,000 |
| Isabela, Puerto Rico | 19 | $ 1,418,000 | $ 74,631 | $ 31,000 |
| Naranjito, Puerto Rico | 19 | $ 1,170,000 | $ 61,578 | $ 25,000 |
| Penuelas, Puerto Rico | 19 | $ 1,054,000 | $ 55,473 | $ 26,000 |
| Santa Isabel, Puerto Rico | 17 | $ 1,149,000 | $ 67,588 | $ 32,000 |
| Yabucoa, Puerto Rico | 17 | $ 1,024,000 | $ 60,235 | $ 31,000 |
| Cabo Rojo, Puerto Rico | 16 | $ 1,120,000 | $ 70,000 | $ 30,000 |
| Aguas Buenas, Puerto Rico | 15 | $ 978,000 | $ 65,200 | $ 29,000 |
| Arroyo, Puerto Rico | 15 | $ 892,000 | $ 59,466 | $ 29,000 |
| Lajas, Puerto Rico | 15 | $ 998,000 | $ 66,533 | $ 30,000 |
| Patillas, Puerto Rico | 14 | $ 615,000 | $ 43,928 | $ 21,000 |
| San German, Puerto Rico | 14 | $ 727,000 | $ 51,928 | $ 21,000 |
| Hatillo, Puerto Rico | 13 | $ 948,000 | $ 72,923 | $ 36,000 |
| Loiza, Puerto Rico | 13 | $ 1,059,000 | $ 81,461 | $ 23,000 |
| Luquillo, Puerto Rico | 13 | $ 465,000 | $ 35,769 | $ 26,000 |
| Barceloneta, Puerto Rico | 12 | $ 686,000 | $ 57,166 | $ 24,000 |
| Jayuya, Puerto Rico | 12 | $ 681,000 | $ 56,750 | $ 34,000 |
| Orocovis, Puerto Rico | 12 | $ 917,000 | $ 76,416 | $ 35,000 |
| Villalba, Puerto Rico | 12 | $ 849,000 | $ 70,750 | $ 34,000 |
| Comerio, Puerto Rico | 11 | $ 566,000 | $ 51,454 | $ 43,000 |
| Ceiba, Puerto Rico | 10 | $ 541,000 | $ 54,100 | $ 24,000 |
| Guanica, Puerto Rico | 10 | $ 534,000 | $ 53,400 | $ 21,000 |
| Moca, Puerto Rico | 10 | $ 943,000 | $ 94,300 | $ 26,000 |
| Adjuntas, Puerto Rico | 9 | $ 399,000 | $ 44,333 | $ 23,000 |
| Barranquitas, Puerto Rico | 9 | $ 495,000 | $ 55,000 | $ 19,000 |
| Sabana Grande, Puerto Rico | 9 | $ 405,000 | $ 45,000 | $ 25,000 |
| Ciales, Puerto Rico | 8 | $ 501,000 | $ 62,625 | $ 21,000 |
| Florida, Puerto Rico | 8 | $ 380,000 | $ 47,500 | $ 21,000 |
| Guayanilla, Puerto Rico | 8 | $ 550,000 | $ 68,750 | $ 18,000 |
| Vieques, Puerto Rico | 8 | $ 291,000 | $ 36,375 | $ 18,000 |
| Aguada, Puerto Rico | 7 | $ 469,000 | $ 67,000 | $ 31,000 |
| Yauco, Puerto Rico | 7 | $ 452,000 | $ 64,571 | $ 22,000 |
| Hormigueros, Puerto Rico | 6 | $ 301,000 | $ 50,166 | $ 24,000 |
| Las Marias, Puerto Rico | 6 | $ 295,000 | $ 49,166 | $ 27,000 |
| Culebra, Puerto Rico | 5 | $ 360,000 | $ 72,000 | $ 28,000 |
| Rincon, Puerto Rico | 5 | $ 477,000 | $ 95,400 | $ 30,000 |
| Maricao, Puerto Rico | 4 | $ 115,000 | $ 28,750 | $ 20,000 |
Mortgage Loan Application Detail Totals for Citifinancial in 2008
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 | 1,327 | $97,487,000 | $73,000 | $400,000 | $32,000 | $313,000 |
| Home Improvement | 902 | $45,206,000 | $50,000 | $390,000 | $31,000 | $576,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 2,162 | $139,628,000 | $64,000 | $400,000 | $31,000 | $576,000 |
| Not Provided | 61 | $2,763,000 | $45,000 | $175,000 | $50,000 | $464,000 |
| White | 3 | $121,000 | $40,000 | $61,000 | $19,000 | $20,000 |
| Black or African American | 2 | $166,000 | $83,000 | $113,000 | $22,000 | $28,000 |
| Asian | 1 | $15,000 | $15,000 | $15,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 2,229 | $142,693,000 | $64,000 | $400,000 | $32,000 | $576,000 |
| 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 | 1,024 | $64,222,000 | $62,000 | $400,000 | $33,000 | $464,000 |
| Application Withdrawn By Applicant | 550 | $40,584,000 | $73,000 | $270,000 | $32,000 | $576,000 |
| Loan Originated | 452 | $27,804,000 | $61,000 | $295,000 | $28,000 | $217,000 |
| Application Approved But Not Accepted | 185 | $8,683,000 | $46,000 | $200,000 | $30,000 | $120,000 |
| File Closed For Incompleteness | 18 | $1,400,000 | $77,000 | $140,000 | $44,000 | $101,000 |
| 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 |
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 | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citifinancial's 2008 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 Citifinancial'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.
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