Fidelity Federal Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Fidelity Federal Bank & Trust of West Palm Beach, FL reported 2,307 mortgage applications totaling $716.8 million, down 30% from 2005. The average application was for $310,684, and applicants reported an average income of $132,554. 63% of its applications resulted in an originated loan and 9% were denied. Its largest markets were West Palm Beach-Boca Raton-Boynton Beach, FL (1,065), Port St. Lucie-Fort Pierce, FL (470) and Palm Bay-Melbourne-Titusville, FL (160) (applications in parentheses).
| Mortgage Company & Address | Fidelity Federal Bank & Trust 205 Datura Street West Palm Beach, FL 33401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,307 |
| Total Mortgage Loan Application Amount | $716,750,000 |
| Average Mortgage Loan Application Amount | $310,684 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $132,554 |
| Highest Applicant Income | $4,992,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Palm Beach, Florida | 1,065 | $ 328,984,000 | $ 308,905 | $ 127,000 |
| St. Lucie, Florida | 341 | $ 79,482,000 | $ 233,085 | $ 105,000 |
| Brevard, Florida | 160 | $ 42,825,000 | $ 267,656 | $ 115,000 |
| Broward, Florida | 137 | $ 88,769,000 | $ 647,948 | $ 284,000 |
| Martin, Florida | 129 | $ 39,341,000 | $ 304,968 | $ 125,000 |
| Indian River, Florida | 83 | $ 27,206,000 | $ 327,783 | $ 131,000 |
| Lee, Florida | 62 | $ 18,366,000 | $ 296,225 | $ 154,000 |
| Charlotte, Florida | 38 | $ 10,461,000 | $ 275,289 | $ 159,000 |
| Collier, Florida | 34 | $ 12,391,000 | $ 364,441 | $ 167,000 |
| Marion, Florida | 20 | $ 4,504,000 | $ 225,200 | $ 189,000 |
| Orange, Florida | 15 | $ 3,902,000 | $ 260,133 | $ 76,000 |
| Miami-Dade, Florida | 14 | $ 3,274,000 | $ 233,857 | $ 122,000 |
| Sarasota, Florida | 13 | $ 9,280,000 | $ 713,846 | $ 243,000 |
| Okeechobee, Florida | 11 | $ 3,877,000 | $ 352,454 | $ 50,000 |
| Alachua, Florida | 6 | $ 959,000 | $ 159,833 | $ 233,000 |
| Monroe, Florida | 6 | $ 4,379,000 | $ 729,833 | $ 352,000 |
| Duval, Florida | 5 | $ 749,000 | $ 149,800 | $ 290,000 |
| Polk, Florida | 5 | $ 1,238,000 | $ 247,600 | $ 88,000 |
| Volusia, Florida | 5 | $ 1,740,000 | $ 348,000 | $ 101,000 |
| Seminole, Florida | 4 | $ 1,557,000 | $ 389,250 | $ 145,000 |
| St. Johns, Florida | 4 | $ 1,092,000 | $ 273,000 | $ 101,000 |
| DeSoto, Florida | 3 | $ 959,000 | $ 319,666 | $ 112,000 |
| Highlands, Florida | 3 | $ 671,000 | $ 223,666 | $ 103,000 |
| Hillsborough, Florida | 3 | $ 1,923,000 | $ 641,000 | $ 461,000 |
| Lake, Florida | 3 | $ 328,000 | $ 109,333 | $ 73,000 |
| Manatee, Florida | 3 | $ 2,690,000 | $ 896,666 | $ 616,000 |
| Bradford, Florida | 2 | $ 416,000 | $ 208,000 | $ 132,000 |
| Citrus, Florida | 2 | $ 328,000 | $ 164,000 | $ 49,000 |
| Clay, Florida | 2 | $ 651,000 | $ 325,500 | $ 102,000 |
| Pinellas, Florida | 2 | $ 972,000 | $ 486,000 | $ 144,000 |
| Columbia, Florida | 1 | $ 70,000 | $ 70,000 | $ 173,000 |
| Dixie, Florida | 1 | $ 114,000 | $ 114,000 | $ 61,000 |
| Flagler, Florida | 1 | $ 184,000 | $ 184,000 | $ 80,000 |
| Hendry, Florida | 1 | $ 180,000 | $ 180,000 | $ 50,000 |
| Leon, Florida | 1 | $ 60,000 | $ 60,000 | $ 28,000 |
| Pasco, Florida | 1 | $ 444,000 | $ 444,000 | $ 196,000 |
| Putnam, Florida | 1 | $ 75,000 | $ 75,000 | $ 78,000 |
| Sumter, Florida | 1 | $ 249,000 | $ 249,000 | $ 85,000 |
| Taylor, Florida | 1 | $ 237,000 | $ 237,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fidelity Federal Bank & Trust in 2006
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,436 | $505,446,000 | $351,000 | $9,000,000 | $152,000 | $4,992,000 |
| Refinancing | 727 | $188,442,000 | $259,000 | $5,000,000 | $100,000 | $3,958,000 |
| Home Improvement | 144 | $22,862,000 | $158,000 | $3,000,000 | $103,000 | $1,800,000 |
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 | 1,516 | $500,361,000 | $330,000 | $9,000,000 | $153,000 | $4,992,000 |
| Black or African American | 292 | $55,975,000 | $191,000 | $1,100,000 | $61,000 | $570,000 |
| Hispanic | 251 | $61,693,000 | $245,000 | $2,000,000 | $103,000 | $854,000 |
| Not Provided | 126 | $44,848,000 | $355,000 | $5,000,000 | $203,000 | $3,958,000 |
| Not applicable | 73 | $40,601,000 | $556,000 | $4,608,000 | $2,000 | $148,000 |
| Asian | 38 | $11,136,000 | $293,000 | $1,682,000 | $106,000 | $541,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,252,000 | $208,000 | $653,000 | $50,000 | $179,000 |
| American Indian or Alaskan Native | 5 | $884,000 | $176,000 | $265,000 | $68,000 | $103,000 |
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) | 2,307 | $716,750,000 | $310,000 | $9,000,000 | $132,000 | $4,992,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,453 | $428,530,000 | $294,000 | $5,000,000 | $135,000 | $3,958,000 |
| Application Approved But Not Accepted | 225 | $100,257,000 | $445,000 | $9,000,000 | $182,000 | $3,162,000 |
| Application Denied By Financial Institution | 214 | $75,069,000 | $350,000 | $3,000,000 | $110,000 | $1,644,000 |
| Application Withdrawn By Applicant | 157 | $62,015,000 | $395,000 | $3,600,000 | $173,000 | $4,992,000 |
| File Closed For Incompleteness | 84 | $23,023,000 | $274,000 | $1,638,000 | $113,000 | $790,000 |
| Preapproval Approved but not Accepted | 64 | $10,392,000 | $162,000 | $1,040,000 | $41,000 | $183,000 |
| Loan Purchased By The Institution | 56 | $6,033,000 | $107,000 | $200,000 | $34,000 | $47,000 |
| Preapproval Denied by Financial Institution | 54 | $11,431,000 | $211,000 | $900,000 | $57,000 | $360,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 113 | $29,402,000 | $260,000 | $2,555,000 | $70,000 | $624,000 |
| Credit History | 71 | $26,582,000 | $374,000 | $3,000,000 | $126,000 | $1,644,000 |
| Other | 59 | $18,682,000 | $316,000 | $2,156,000 | $116,000 | $1,200,000 |
| Collateral | 11 | $5,535,000 | $503,000 | $2,500,000 | $100,000 | $540,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,076,000 | $346,000 | $880,000 | $79,000 | $255,000 |
| Mortgage Insurance Denied | 3 | $759,000 | $253,000 | $323,000 | $14,000 | $44,000 |
| Unverifiable Information | 2 | $2,796,000 | $1,398,000 | $2,500,000 | $517,000 | $993,000 |
| Employment History | 2 | $430,000 | $215,000 | $270,000 | $73,000 | $97,000 |
| Credit Application Incomplete | 1 | $238,000 | $238,000 | $238,000 | $85,000 | $85,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Federal Bank & Trust's 2006 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 Fidelity Federal Bank & Trust'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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