Fidelity & Trust Bank Mortgage Lending & HMDA Data, 2007
In 2007, Fidelity & Trust Bank of Silver Spring, MD reported 59 mortgage applications totaling $66.4 million, up 13% from 2006. The average application was for $1,125,677, and applicants reported an average income of $47,338. 88% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (49), Bethesda-Gaithersburg-Frederick, MD (8) 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 | 59 |
| Total Mortgage Loan Application Amount | $66,415,000 |
| Average Mortgage Loan Application Amount | $1,125,677 |
| Highest Mortgage Loan Application Amount | $13,500,000 |
| Average Applicant Income | $47,338 |
| Highest Applicant Income | $571,000 |
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(HMDA) records Fidelity & Trust Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 49 | $ 60,657,000 | $ 1,237,897 | $ 42,081 |
| Bethesda-Gaithersburg-Frederick, MD | 8 | $ 5,427,000 | $ 678,375 | $ 70,000 |
| Baltimore-Towson, MD | 1 | $ 144,000 | $ 144,000 | $ 95,000 |
| Raleigh-Cary, NC | 1 | $ 187,000 | $ 187,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Fidelity & Trust Bank in 2007
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 | 28 | $24,424,000 | $872,000 | $3,500,000 | $51,000 | $571,000 |
| Home Improvement | 16 | $34,052,000 | $2,128,000 | $13,500,000 | $60,000 | $361,000 |
| Refinancing | 15 | $7,939,000 | $529,000 | $1,600,000 | $27,000 | $191,000 |
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 | 44 | $61,306,000 | $1,393,000 | $13,500,000 | $0 | $0 |
| Black or African American | 6 | $2,720,000 | $453,000 | $668,000 | $141,000 | $341,000 |
| White | 5 | $932,000 | $186,000 | $302,000 | $176,000 | $361,000 |
| Not Provided | 2 | $202,000 | $101,000 | $187,000 | $54,000 | $64,000 |
| Hispanic | 2 | $1,255,000 | $627,000 | $780,000 | $487,000 | $571,000 |
| 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) | 59 | $66,415,000 | $1,125,000 | $13,500,000 | $47,000 | $571,000 |
| 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 | 52 | $58,485,000 | $1,124,000 | $13,500,000 | $52,000 | $571,000 |
| Application Denied By Financial Institution | 5 | $6,905,000 | $1,381,000 | $3,500,000 | $19,000 | $51,000 |
| File Closed For Incompleteness | 1 | $225,000 | $225,000 | $225,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $800,000 | $800,000 | $800,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 2 | $3,710,000 | $1,855,000 | $3,500,000 | $25,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $2,140,000 | $2,140,000 | $2,140,000 | $0 | $0 |
| Other | 1 | $1,040,000 | $1,040,000 | $1,040,000 | $0 | $0 |
| Credit History | 1 | $15,000 | $15,000 | $15,000 | $45,000 | $45,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity & Trust Bank's 2007 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.
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