Fidelity & Trust Mortgage, Inc Mortgage Lending & HMDA Data, 2007
In 2007, Fidelity & Trust Mortgage, Inc of Washington, DC reported 1,953 mortgage applications totaling $461.6 million, down 64% from 2006. The average application was for $236,329, and applicants reported an average income of $69,493. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (955), Bethesda-Gaithersburg-Frederick, MD (271) and Raleigh-Cary, NC (236) (applications in parentheses).
| Mortgage Company & Address | Fidelity & Trust Mortgage, Inc 1725 Eye Street, Nw Washington, DC 20006 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,953 |
| Total Mortgage Loan Application Amount | $461,552,000 |
| Average Mortgage Loan Application Amount | $236,329 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $69,493 |
| Highest Applicant Income | $1,105,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity & Trust Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 955 | $ 256,398,000 | $ 268,479 | $ 73,283 |
| Bethesda-Gaithersburg-Frederick, MD | 271 | $ 74,190,000 | $ 273,763 | $ 84,000 |
| Raleigh-Cary, NC | 236 | $ 36,020,000 | $ 152,627 | $ 56,000 |
| Baltimore-Towson, MD | 126 | $ 27,857,000 | $ 221,087 | $ 73,000 |
| Hagerstown-Martinsburg, MD-WV | 72 | $ 11,486,000 | $ 159,527 | $ 47,777 |
| Durham, NC | 25 | $ 3,561,000 | $ 142,440 | $ 56,000 |
| Charlottesville, VA | 16 | $ 3,753,000 | $ 234,562 | $ 113,000 |
| Winchester, VA-WV | 9 | $ 1,537,000 | $ 170,777 | $ 48,000 |
| Charlotte-Gastonia-Concord, NC-SC | 7 | $ 829,000 | $ 118,428 | $ 77,142 |
| Richmond, VA | 7 | $ 1,529,000 | $ 218,428 | $ 39,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,223,000 | $ 174,714 | $ 19,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 1,047,000 | $ 149,571 | $ 52,000 |
| St. Louis, MO-IL | 6 | $ 309,000 | $ 51,500 | $ 12,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 946,000 | $ 189,200 | $ 125,000 |
| Naples-Marco Island, FL | 5 | $ 530,000 | $ 106,000 | $ 0 |
| Harrisburg-Carlisle, PA | 4 | $ 348,000 | $ 87,000 | $ 52,000 |
| Philadelphia, PA | 4 | $ 1,606,000 | $ 401,500 | $ 160,000 |
| Sarasota-Bradenton-Venice, FL | 4 | $ 707,000 | $ 176,750 | $ 10,000 |
| Burlington, NC | 3 | $ 334,000 | $ 111,333 | $ 13,000 |
| Goldsboro, NC | 3 | $ 423,000 | $ 141,000 | $ 77,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 890,000 | $ 445,000 | $ 0 |
| Harrisonburg, VA | 2 | $ 379,000 | $ 189,500 | $ 112,000 |
| Las Vegas-Paradise, NV | 2 | $ 293,000 | $ 146,500 | $ 70,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 297,000 | $ 148,500 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 265,000 | $ 132,500 | $ 102,000 |
| Salisbury, MD | 2 | $ 540,000 | $ 270,000 | $ 129,000 |
| State College, PA | 2 | $ 375,000 | $ 187,500 | $ 221,000 |
| Syracuse, NY | 2 | $ 125,000 | $ 62,500 | $ 43,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 128,000 | $ 64,000 | $ 0 |
| Albuquerque, NM | 1 | $ 77,000 | $ 77,000 | $ 30,000 |
| Altoona, PA | 1 | $ 75,000 | $ 75,000 | $ 63,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 205,000 | $ 205,000 | $ 240,000 |
| Charleston-North Charleston, SC | 1 | $ 400,000 | $ 400,000 | $ 120,000 |
| Cumberland, MD-WV | 1 | $ 66,000 | $ 66,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 177,000 | $ 177,000 | $ 45,000 |
| Greenville, NC | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Jackson, TN | 1 | $ 247,000 | $ 247,000 | $ 110,000 |
| Nassau-Suffolk, NY | 1 | $ 240,000 | $ 240,000 | $ 49,000 |
| Orlando-Kissimmee, FL | 1 | $ 140,000 | $ 140,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 68,000 | $ 68,000 | $ 59,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 380,000 | $ 380,000 | $ 240,000 |
| Wilmington, NC | 1 | $ 555,000 | $ 555,000 | $ 0 |
| York-Hanover, PA | 1 | $ 140,000 | $ 140,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Fidelity & Trust Mortgage, Inc 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 | 1,489 | $330,369,000 | $221,000 | $1,043,000 | $66,000 | $703,000 |
| Refinancing | 461 | $129,964,000 | $281,000 | $1,300,000 | $81,000 | $1,105,000 |
| Home Improvement | 3 | $1,219,000 | $406,000 | $560,000 | $35,000 | $107,000 |
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 | 1,065 | $260,784,000 | $244,000 | $1,300,000 | $80,000 | $1,105,000 |
| Black or African American | 406 | $91,836,000 | $226,000 | $1,043,000 | $64,000 | $396,000 |
| Hispanic | 352 | $75,310,000 | $213,000 | $920,000 | $43,000 | $349,000 |
| Asian | 94 | $25,423,000 | $270,000 | $900,000 | $79,000 | $703,000 |
| Not Provided | 24 | $5,556,000 | $231,000 | $598,000 | $55,000 | $273,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,297,000 | $255,000 | $536,000 | $75,000 | $135,000 |
| American Indian or Alaskan Native | 3 | $346,000 | $115,000 | $185,000 | $34,000 | $52,000 |
| Not applicable | 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) | 1,771 | $425,660,000 | $240,000 | $1,300,000 | $71,000 | $1,105,000 |
| FHA-insured (Federal Housing Administration) | 103 | $20,555,000 | $199,000 | $368,000 | $56,000 | $202,000 |
| VA-guaranteed (Veterans Administration) | 44 | $9,780,000 | $222,000 | $417,000 | $71,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 35 | $5,557,000 | $158,000 | $273,000 | $48,000 | $92,000 |
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 | 1,895 | $449,159,000 | $237,000 | $1,300,000 | $70,000 | $1,105,000 |
| Application Denied By Financial Institution | 31 | $6,276,000 | $202,000 | $580,000 | $43,000 | $300,000 |
| Application Withdrawn By Applicant | 22 | $4,222,000 | $191,000 | $646,000 | $66,000 | $360,000 |
| File Closed For Incompleteness | 3 | $1,535,000 | $511,000 | $810,000 | $335,000 | $420,000 |
| Application Approved But Not Accepted | 2 | $360,000 | $180,000 | $256,000 | $32,000 | $65,000 |
| 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 | 17 | $3,744,000 | $220,000 | $540,000 | $14,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $653,000 | $163,000 | $263,000 | $150,000 | $300,000 |
| Other | 2 | $272,000 | $136,000 | $240,000 | $139,000 | $189,000 |
| Unverifiable Information | 2 | $725,000 | $362,000 | $580,000 | $0 | $0 |
| Debt-To-Income Ratio | 2 | $376,000 | $188,000 | $301,000 | $0 | $0 |
| Employment History | 2 | $240,000 | $120,000 | $192,000 | $56,000 | $56,000 |
| Collateral | 1 | $151,000 | $151,000 | $151,000 | $68,000 | $68,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity & Trust Mortgage, Inc'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 Mortgage, Inc'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 District of Columbia, download the full spreadsheet
with aggregated HMDA statistics today.
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