Fidelity & Trust Bank Mortgage Lending & HMDA Data, 2008
In 2008, Fidelity & Trust Bank of Silver Spring, MD reported 21 mortgage applications totaling $19.1 million, down 64% from 2007. The average application was for $909,380, and applicants reported an average income of $43,095. 81% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (17), Bethesda-Frederick-Gaithersburg, MD (2) and Baltimore-Towson, MD (1) (applications in parentheses).
| Mortgage Company & Address | Fidelity & Trust Bank 11961 Tech Road Silver Spring, MD 20904 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 21 |
| Total Mortgage Loan Application Amount | $19,097,000 |
| Average Mortgage Loan Application Amount | $909,380 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $43,095 |
| Highest Applicant Income | $663,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity & Trust Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| District of Columbia, District Of Columbia | 13 | $ 10,591,000 | $ 814,692 | $ 12,000 |
| Montgomery, Maryland | 2 | $ 2,067,000 | $ 1,033,500 | $ 331,000 |
| Arlington, Virginia | 2 | $ 756,000 | $ 378,000 | $ 0 |
| Fairfax, Virginia | 2 | $ 5,275,000 | $ 2,637,500 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 212,000 | $ 212,000 | $ 99,000 |
| Wake, North Carolina | 1 | $ 196,000 | $ 196,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fidelity & Trust Bank in 2008
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 | 9 | $6,114,000 | $679,000 | $1,550,000 | $17,000 | $106,000 |
| Home Improvement | 8 | $12,140,000 | $1,517,000 | $5,000,000 | $82,000 | $663,000 |
| Refinancing | 4 | $843,000 | $210,000 | $275,000 | $24,000 | $99,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 16 | $17,499,000 | $1,093,000 | $5,000,000 | $6,000 | $99,000 |
| Hispanic | 2 | $360,000 | $180,000 | $180,000 | $78,000 | $106,000 |
| Not Provided | 1 | $196,000 | $196,000 | $196,000 | $0 | $0 |
| White | 1 | $339,000 | $339,000 | $339,000 | $0 | $0 |
| Black or African American | 1 | $703,000 | $703,000 | $703,000 | $663,000 | $663,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 21 | $19,097,000 | $909,000 | $5,000,000 | $43,000 | $663,000 |
| 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 | 17 | $13,350,000 | $785,000 | $3,190,000 | $48,000 | $663,000 |
| Loan Purchased By The Institution | 2 | $535,000 | $267,000 | $339,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $5,212,000 | $2,606,000 | $5,000,000 | $49,000 | $99,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 | 1 | $212,000 | $212,000 | $212,000 | $99,000 | $99,000 |
| Collateral | 1 | $5,000,000 | $5,000,000 | $5,000,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity & Trust Bank's 2008 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 & Trust Bank'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About