Fidelity & Trust Bank Mortgage Lending & HMDA Data, 2004
In 2004, Fidelity & Trust Bank of Silver Spring, MD reported 33 mortgage applications totaling $14.0 million. The average application was for $425,272, and applicants reported an average income of $244,393. 82% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (12), Bethesda-Frederick-Gaithersburg, MD (7) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (2) (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 | 33 |
| Total Mortgage Loan Application Amount | $14,034,000 |
| Average Mortgage Loan Application Amount | $425,272 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $244,393 |
| Highest Applicant Income | $1,600,000 |
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(HMDA) records Fidelity & Trust Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fidelity & Trust Bank 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 | 23 | $10,661,000 | $385,800 | $1,600,000 | $226,600 | $646,000 |
| Refinancing | 7 | $2,417,000 | $326,000 | $750,000 | $293,500 | $1,600,000 |
| Home Improvement | 3 | $956,000 | $299,000 | $650,000 | $220,000 | $303,000 |
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 | 11 | $4,075,000 | $326,666 | $780,000 | $517,666 | $1,600,000 |
| White | 9 | $3,291,000 | $312,000 | $797,000 | $181,000 | $368,000 |
| Black or African American | 4 | $1,572,000 | $512,000 | $750,000 | $144,500 | $441,000 |
| Hispanic | 4 | $2,755,000 | $688,500 | $1,600,000 | $145,500 | $392,000 |
| Not Provided | 3 | $1,880,000 | $593,500 | $1,200,000 | $126,500 | $135,000 |
| Asian | 2 | $461,000 | $230,000 | $261,000 | $303,000 | $303,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 33 | $14,034,000 | $353,200 | $1,600,000 | $227,200 | $1,600,000 |
| 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 | 27 | $11,249,000 | $349,400 | $1,600,000 | $248,800 | $1,600,000 |
| Application Approved But Not Accepted | 2 | $1,555,000 | $777,000 | $1,200,000 | $254,000 | $392,000 |
| Application Denied By Financial Institution | 2 | $335,000 | $167,500 | $185,000 | $80,500 | $135,000 |
| Application Withdrawn By Applicant | 2 | $895,000 | $447,500 | $495,000 | $63,500 | $127,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $335,000 | $167,500 | $185,000 | $80,500 | $135,000 |
| Debt-To-Income Ratio | 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 |
| 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 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 & 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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