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records Fidelity Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1,541 | $ 349,770,000 | $ 226,975 | $ 80,000 |
| Port St. Lucie-Fort Pierce, FL | 683 | $ 128,974,000 | $ 188,834 | $ 75,000 |
| Palm Bay-Melbourne-Titusville, FL | 240 | $ 54,608,000 | $ 227,533 | $ 85,000 |
| Vero Beach, FL | 194 | $ 36,904,000 | $ 190,226 | $ 90,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 167 | $ 77,253,000 | $ 462,592 | $ 100,000 |
| Sarasota-Bradenton-Venice, FL | 83 | $ 18,219,000 | $ 219,506 | $ 105,000 |
| Cape Coral-Fort Myers, FL | 76 | $ 17,125,000 | $ 225,328 | $ 158,000 |
| Punta Gorda, FL | 52 | $ 10,912,000 | $ 209,846 | $ 85,000 |
| Naples-Marco Island, FL | 38 | $ 8,934,000 | $ 235,105 | $ 114,000 |
| Tampa-St. Petersburg-Clearwater, FL | 19 | $ 3,126,000 | $ 164,526 | $ 112,000 |
| Miami-Miami Beach-Kendall, FL | 16 | $ 11,805,000 | $ 737,812 | $ 218,000 |
| Orlando, FL | 15 | $ 2,694,000 | $ 179,600 | $ 86,000 |
| Jacksonville, FL | 14 | $ 4,221,000 | $ 301,500 | $ 116,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,976,000 | $ 247,000 | $ 119,000 |
| Lakeland, FL | 7 | $ 952,000 | $ 136,000 | $ 57,000 |
| Ocala, FL | 5 | $ 605,000 | $ 121,000 | $ 44,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 433,000 | $ 108,250 | $ 76,000 |
| Tallahassee, FL | 3 | $ 259,000 | $ 86,333 | $ 179,000 |
| Gainesville, FL | 1 | $ 195,000 | $ 195,000 | $ 360,000 |
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.
For a list of all lenders in Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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