Fidelity & Trust Mortgage, Inc Mortgage Lending & HMDA Data, 2004
In 2004, Fidelity & Trust Mortgage, Inc of Washington, DC reported 5,532 mortgage applications totaling $936.5 million. The average application was for $169,287, and applicants reported an average income of $70,716. 92% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Bethesda-Frederick-Gaithersburg, MD (810), Baltimore-Towson, MD (553) and Phoenix-Mesa-Scottsdale, AZ (495) (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 | 5,532 |
| Total Mortgage Loan Application Amount | $936,499,000 |
| Average Mortgage Loan Application Amount | $169,287 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $70,716 |
| Highest Applicant Income | $2,700,000 |
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records Fidelity & Trust Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fidelity & Trust Mortgage, Inc 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 | 4,092 | $639,590,000 | $125,857 | $2,000,000 | $62,452 | $2,700,000 |
| Refinancing | 1,432 | $295,841,000 | $177,942 | $4,000,000 | $94,971 | $1,177,000 |
| Home Improvement | 8 | $1,068,000 | $129,800 | $185,000 | $64,800 | $120,000 |
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 | 2,913 | $517,949,000 | $148,636 | $4,000,000 | $75,250 | $2,700,000 |
| Hispanic | 1,320 | $213,059,000 | $119,800 | $860,000 | $44,066 | $400,000 |
| Black or African American | 1,044 | $159,791,000 | $128,071 | $1,684,000 | $67,214 | $660,000 |
| Asian | 165 | $30,058,000 | $183,750 | $985,000 | $92,250 | $540,000 |
| Not Provided | 36 | $6,576,000 | $164,000 | $805,000 | $72,750 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $5,019,000 | $175,571 | $436,000 | $40,857 | $157,000 |
| American Indian or Alaskan Native | 13 | $2,650,000 | $228,750 | $542,000 | $79,000 | $168,000 |
| Not applicable | 12 | $1,397,000 | $140,333 | $228,000 | $79,333 | $188,000 |
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) | 4,955 | $852,534,000 | $138,844 | $4,000,000 | $70,844 | $2,700,000 |
| FHA-insured (Federal Housing Administration) | 455 | $66,280,000 | $151,250 | $295,000 | $51,375 | $245,000 |
| VA-guaranteed (Veterans Administration) | 69 | $11,297,000 | $159,166 | $269,000 | $49,666 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $6,388,000 | $118,500 | $206,000 | $37,500 | $77,000 |
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 | 5,091 | $860,359,000 | $131,088 | $2,000,000 | $66,533 | $2,700,000 |
| Application Withdrawn By Applicant | 234 | $39,198,000 | $155,454 | $1,150,000 | $73,363 | $540,000 |
| Application Approved But Not Accepted | 100 | $21,399,000 | $254,363 | $4,000,000 | $147,454 | $960,000 |
| Application Denied By Financial Institution | 97 | $13,861,000 | $151,800 | $895,000 | $49,200 | $382,000 |
| File Closed For Incompleteness | 10 | $1,682,000 | $212,750 | $314,000 | $131,000 | $360,000 |
| 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 | 26 | $2,926,000 | $122,625 | $223,000 | $46,875 | $69,000 |
| Other | 15 | $2,976,000 | $150,714 | $895,000 | $52,285 | $382,000 |
| Debt-To-Income Ratio | 11 | $2,429,000 | $167,833 | $805,000 | $83,000 | $279,000 |
| Unverifiable Information | 9 | $1,445,000 | $188,200 | $435,000 | $65,800 | $149,000 |
| Collateral | 7 | $533,000 | $78,000 | $132,000 | $46,500 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $455,000 | $91,000 | $178,000 | $37,000 | $67,000 |
| Credit Application Incomplete | 4 | $884,000 | $221,000 | $332,000 | $36,750 | $56,000 |
| Employment History | 1 | $69,000 | $69,000 | $69,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity & Trust Mortgage, Inc'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 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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