Fidelity Homestead Association Mortgage Lending & HMDA Data, 2006
In 2006, Fidelity Homestead Association of New Orleans, LA reported 1,175 mortgage applications totaling $206.7 million, up 53% from 2005. The average application was for $175,904, and applicants reported an average income of $91,823. 58% of its applications resulted in an originated loan and 14% were denied. Its largest markets were New Orleans-Metairie-Kenner, LA (937), Baton Rouge, LA (114) and Houma-Bayou Cane-Thibodaux, LA (4) (applications in parentheses).
| Mortgage Company & Address | Fidelity Homestead Association 321 St Charles Ave New Orleans, LA 70130 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,175 |
| Total Mortgage Loan Application Amount | $206,688,000 |
| Average Mortgage Loan Application Amount | $175,904 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $91,823 |
| Highest Applicant Income | $1,205,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity Homestead Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Homestead Association 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 | 842 | $161,605,000 | $191,000 | $1,200,000 | $93,000 | $1,205,000 |
| Refinancing | 205 | $33,216,000 | $162,000 | $1,000,000 | $95,000 | $796,000 |
| Home Improvement | 128 | $11,867,000 | $92,000 | $503,000 | $79,000 | $643,000 |
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 | 958 | $174,386,000 | $182,000 | $1,000,000 | $96,000 | $1,205,000 |
| Black or African American | 153 | $21,458,000 | $140,000 | $1,200,000 | $70,000 | $481,000 |
| Hispanic | 41 | $6,515,000 | $158,000 | $1,000,000 | $74,000 | $428,000 |
| Asian | 12 | $2,691,000 | $224,000 | $725,000 | $106,000 | $273,000 |
| Not applicable | 5 | $916,000 | $183,000 | $300,000 | $116,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $510,000 | $170,000 | $200,000 | $79,000 | $109,000 |
| Not Provided | 2 | $37,000 | $18,000 | $35,000 | $54,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $175,000 | $175,000 | $175,000 | $56,000 | $56,000 |
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) | 1,175 | $206,688,000 | $175,000 | $1,200,000 | $92,000 | $1,205,000 |
| 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 | 676 | $116,892,000 | $172,000 | $1,000,000 | $101,000 | $1,205,000 |
| Application Denied By Financial Institution | 163 | $29,007,000 | $177,000 | $1,000,000 | $62,000 | $308,000 |
| Application Approved But Not Accepted | 152 | $29,064,000 | $191,000 | $1,200,000 | $99,000 | $509,000 |
| File Closed For Incompleteness | 72 | $13,574,000 | $188,000 | $616,000 | $68,000 | $315,000 |
| Application Withdrawn By Applicant | 58 | $9,697,000 | $167,000 | $500,000 | $99,000 | $298,000 |
| Preapproval Denied by Financial Institution | 50 | $7,512,000 | $150,000 | $306,000 | $59,000 | $176,000 |
| Loan Purchased By The Institution | 4 | $942,000 | $235,000 | $373,000 | $80,000 | $109,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 130 | $26,069,000 | $200,000 | $1,000,000 | $55,000 | $213,000 |
| Credit History | 53 | $5,572,000 | $105,000 | $409,000 | $64,000 | $240,000 |
| Mortgage Insurance Denied | 21 | $3,293,000 | $156,000 | $300,000 | $72,000 | $176,000 |
| Other | 5 | $1,149,000 | $229,000 | $307,000 | $132,000 | $308,000 |
| Employment History | 2 | $223,000 | $111,000 | $160,000 | $70,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $168,000 | $168,000 | $168,000 | $85,000 | $85,000 |
| Collateral | 1 | $45,000 | $45,000 | $45,000 | $147,000 | $147,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Homestead Association'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 Homestead Association'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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