Fidelity Federal Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Fidelity Federal Bank & Trust of West Palm Beach, FL reported 3,287 mortgage applications totaling $755.9 million, down 18% from 2003. The average application was for $229,961, and applicants reported an average income of $99,083. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were West Palm Beach-Boca Raton-Boynton Beach, FL (1,541), Port St. Lucie-Fort Pierce, FL (683) and Palm Bay-Melbourne-Titusville, FL (240) (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 | 3,287 |
| Total Mortgage Loan Application Amount | $755,882,000 |
| Average Mortgage Loan Application Amount | $229,961 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $99,083 |
| Highest Applicant Income | $3,246,000 |
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records Fidelity Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,541 | $ 349,770,000 | $ 226,975 | $ 80,000 |
| St. Lucie, Florida | 469 | $ 75,740,000 | $ 161,492 | $ 71,000 |
| Brevard, Florida | 240 | $ 54,608,000 | $ 227,533 | $ 85,000 |
| Martin, Florida | 214 | $ 53,234,000 | $ 248,757 | $ 80,000 |
| Indian River, Florida | 194 | $ 36,904,000 | $ 190,226 | $ 90,000 |
| Broward, Florida | 167 | $ 77,253,000 | $ 462,592 | $ 100,000 |
| Sarasota, Florida | 78 | $ 16,581,000 | $ 212,576 | $ 105,000 |
| Lee, Florida | 76 | $ 17,125,000 | $ 225,328 | $ 158,000 |
| Charlotte, Florida | 52 | $ 10,912,000 | $ 209,846 | $ 85,000 |
| Collier, Florida | 38 | $ 8,934,000 | $ 235,105 | $ 114,000 |
| Miami-Dade, Florida | 16 | $ 11,805,000 | $ 737,812 | $ 218,000 |
| Monroe, Florida | 12 | $ 8,021,000 | $ 668,416 | $ 217,000 |
| Orange, Florida | 8 | $ 1,770,000 | $ 221,250 | $ 66,000 |
| Volusia, Florida | 8 | $ 1,976,000 | $ 247,000 | $ 119,000 |
| Duval, Florida | 7 | $ 2,913,000 | $ 416,142 | $ 152,000 |
| Polk, Florida | 7 | $ 952,000 | $ 136,000 | $ 57,000 |
| Okeechobee, Florida | 6 | $ 719,000 | $ 119,833 | $ 126,000 |
| Hernando, Florida | 5 | $ 623,000 | $ 124,600 | $ 57,000 |
| Hillsborough, Florida | 5 | $ 765,000 | $ 153,000 | $ 95,000 |
| Manatee, Florida | 5 | $ 1,638,000 | $ 327,600 | $ 103,000 |
| Marion, Florida | 5 | $ 605,000 | $ 121,000 | $ 44,000 |
| Pinellas, Florida | 5 | $ 1,165,000 | $ 233,000 | $ 171,000 |
| Seminole, Florida | 5 | $ 584,000 | $ 116,800 | $ 83,000 |
| Pasco, Florida | 4 | $ 573,000 | $ 143,250 | $ 112,000 |
| St. Johns, Florida | 4 | $ 812,000 | $ 203,000 | $ 62,000 |
| Walton, Florida | 4 | $ 1,329,000 | $ 332,250 | $ 500,000 |
| DeSoto, Florida | 3 | $ 845,000 | $ 281,666 | $ 95,000 |
| Highlands, Florida | 3 | $ 483,000 | $ 161,000 | $ 120,000 |
| Leon, Florida | 3 | $ 259,000 | $ 86,333 | $ 179,000 |
| Clay, Florida | 2 | $ 446,000 | $ 223,000 | $ 58,000 |
| Escambia, Florida | 2 | $ 186,000 | $ 93,000 | $ 99,000 |
| Flagler, Florida | 2 | $ 476,000 | $ 238,000 | $ 89,000 |
| Santa Rosa, Florida | 2 | $ 247,000 | $ 123,500 | $ 54,000 |
| Alachua, Florida | 1 | $ 195,000 | $ 195,000 | $ 360,000 |
| Baker, Florida | 1 | $ 50,000 | $ 50,000 | $ 101,000 |
| Bradford, Florida | 1 | $ 228,000 | $ 228,000 | $ 101,000 |
| Citrus, Florida | 1 | $ 57,000 | $ 57,000 | $ 51,000 |
| Columbia, Florida | 1 | $ 175,000 | $ 175,000 | $ 173,000 |
| Dixie, Florida | 1 | $ 285,000 | $ 285,000 | $ 103,000 |
| Lake, Florida | 1 | $ 194,000 | $ 194,000 | $ 192,000 |
| Osceola, Florida | 1 | $ 146,000 | $ 146,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Fidelity Federal Bank & Trust in 2004
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 | 2,377 | $604,696,000 | $210,500 | $3,950,000 | $82,000 | $2,986,000 |
| Refinancing | 812 | $140,623,000 | $173,000 | $4,500,000 | $82,000 | $3,246,000 |
| Home Improvement | 98 | $10,563,000 | $107,000 | $1,500,000 | $93,000 | $821,000 |
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 | 2,407 | $562,299,000 | $200,000 | $3,950,000 | $98,500 | $3,246,000 |
| Hispanic | 270 | $48,362,000 | $170,500 | $2,000,000 | $61,500 | $1,130,000 |
| Black or African American | 248 | $41,270,000 | $160,500 | $585,000 | $56,000 | $253,000 |
| Not Provided | 174 | $39,321,000 | $180,000 | $1,950,000 | $89,000 | $778,000 |
| Not applicable | 104 | $43,470,000 | $417,000 | $4,500,000 | $39,000 | $520,000 |
| Asian | 57 | $15,158,000 | $272,500 | $910,000 | $56,000 | $400,000 |
| Native Hawaiian or Other Pacific Islander | 22 | $5,073,000 | $230,000 | $1,350,000 | $90,000 | $352,000 |
| American Indian or Alaskan Native | 5 | $929,000 | $185,000 | $408,000 | $57,000 | $113,000 |
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) | 3,287 | $755,882,000 | $197,500 | $4,500,000 | $77,500 | $3,246,000 |
| 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 | 2,347 | $540,131,000 | $230,000 | $4,500,000 | $99,000 | $3,246,000 |
| Application Denied By Financial Institution | 253 | $55,181,000 | $218,000 | $2,055,000 | $86,000 | $720,000 |
| Application Approved But Not Accepted | 249 | $65,633,000 | $263,000 | $2,400,000 | $127,000 | $2,986,000 |
| Application Withdrawn By Applicant | 186 | $44,724,000 | $240,000 | $2,000,000 | $107,000 | $751,000 |
| File Closed For Incompleteness | 95 | $29,774,000 | $313,000 | $2,000,000 | $117,000 | $821,000 |
| Loan Purchased By The Institution | 70 | $6,140,000 | $87,000 | $206,000 | $35,000 | $48,000 |
| Preapproval Approved but not Accepted | 49 | $8,167,000 | $166,000 | $722,000 | $75,000 | $498,000 |
| Preapproval Denied by Financial Institution | 38 | $6,132,000 | $161,000 | $412,000 | $52,000 | $113,000 |
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 | 122 | $25,890,000 | $195,500 | $1,200,000 | $50,500 | $264,000 |
| Credit History | 98 | $16,033,000 | $149,500 | $2,000,000 | $71,000 | $720,000 |
| Other | 40 | $10,701,000 | $250,500 | $1,360,000 | $78,000 | $540,000 |
| Collateral | 17 | $4,610,000 | $271,000 | $2,055,000 | $130,000 | $432,000 |
| Unverifiable Information | 5 | $827,000 | $165,000 | $400,000 | $34,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,819,000 | $606,000 | $1,296,000 | $138,000 | $242,000 |
| Mortgage Insurance Denied | 3 | $963,000 | $321,000 | $627,000 | $182,000 | $297,000 |
| Employment History | 2 | $170,000 | $85,000 | $90,000 | $88,000 | $104,000 |
| Credit Application Incomplete | 1 | $300,000 | $300,000 | $300,000 | $82,000 | $82,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Federal Bank & Trust's 2004 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.
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with aggregated HMDA statistics today.
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