Fidelity Federal Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Fidelity Federal Bank & Trust of West Palm Beach, FL reported 3,290 mortgage applications totaling $932.2 million, about the same as 2004. The average application was for $283,354, and applicants reported an average income of $102,086. 71% of its applications resulted in an originated loan and 7% were denied. Its largest markets were West Palm Beach-Boca Raton-Boynton Beach, FL (1,403), Port St. Lucie-Fort Pierce, FL (781) and Palm Bay-Melbourne-Titusville, FL (225) (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 | 3,290 |
| Total Mortgage Loan Application Amount | $932,235,000 |
| Average Mortgage Loan Application Amount | $283,354 |
| Highest Mortgage Loan Application Amount | $5,600,000 |
| Average Applicant Income | $102,086 |
| Highest Applicant Income | $6,999,000 |
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records Fidelity Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fidelity Federal Bank & Trust in 2005
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 | 2,543 | $773,926,000 | $266,500 | $5,600,000 | $81,500 | $6,999,000 |
| Refinancing | 636 | $144,179,000 | $226,000 | $3,000,000 | $101,000 | $1,364,000 |
| Home Improvement | 111 | $14,130,000 | $127,000 | $2,500,000 | $80,000 | $1,657,000 |
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 | 2,270 | $648,016,000 | $259,000 | $3,800,000 | $93,500 | $6,999,000 |
| Hispanic | 325 | $78,252,000 | $243,500 | $2,000,000 | $56,000 | $900,000 |
| Black or African American | 294 | $64,064,000 | $195,000 | $2,000,000 | $51,000 | $600,000 |
| Not Provided | 199 | $52,249,000 | $284,000 | $1,993,000 | $122,000 | $665,000 |
| Not applicable | 113 | $64,816,000 | $573,000 | $5,600,000 | $31,000 | $456,000 |
| Asian | 74 | $21,544,000 | $270,500 | $1,125,000 | $79,000 | $707,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $2,712,000 | $226,000 | $588,000 | $77,000 | $251,000 |
| American Indian or Alaskan Native | 3 | $582,000 | $218,500 | $293,000 | $79,500 | $163,000 |
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) | 3,290 | $932,235,000 | $255,000 | $5,600,000 | $80,000 | $6,999,000 |
| 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 | 2,325 | $660,080,000 | $283,000 | $5,600,000 | $113,000 | $6,999,000 |
| Application Approved But Not Accepted | 252 | $72,346,000 | $287,000 | $2,500,000 | $124,000 | $2,400,000 |
| Application Denied By Financial Institution | 238 | $63,169,000 | $265,000 | $3,080,000 | $83,000 | $900,000 |
| Application Withdrawn By Applicant | 194 | $62,863,000 | $324,000 | $3,000,000 | $106,000 | $1,364,000 |
| File Closed For Incompleteness | 108 | $36,887,000 | $341,000 | $3,800,000 | $94,000 | $857,000 |
| Preapproval Denied by Financial Institution | 75 | $16,812,000 | $224,000 | $1,200,000 | $55,000 | $300,000 |
| Preapproval Approved but not Accepted | 64 | $14,463,000 | $225,000 | $616,000 | $64,000 | $492,000 |
| Loan Purchased By The Institution | 34 | $5,615,000 | $165,000 | $1,810,000 | $31,000 | $43,000 |
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 | 135 | $32,217,000 | $227,000 | $987,000 | $61,500 | $300,000 |
| Credit History | 92 | $18,977,000 | $202,500 | $3,080,000 | $109,000 | $900,000 |
| Other | 44 | $15,645,000 | $350,500 | $1,200,000 | $36,500 | $442,000 |
| Collateral | 14 | $3,257,000 | $196,500 | $704,000 | $117,500 | $300,000 |
| Mortgage Insurance Denied | 12 | $3,785,000 | $312,000 | $662,000 | $39,000 | $212,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $4,859,000 | $422,500 | $2,845,000 | $129,000 | $638,000 |
| Employment History | 5 | $1,057,000 | $182,500 | $326,000 | $12,000 | $78,000 |
| Unverifiable Information | 1 | $184,000 | $184,000 | $184,000 | $84,000 | $84,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Federal Bank & Trust's 2005 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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