Fidelity & Trust Mortgage, Inc Mortgage Lending & HMDA Data, 2005
In 2005, Fidelity & Trust Mortgage, Inc of Washington, DC reported 6,393 mortgage applications totaling $1.2 billion, up 16% from 2004. The average application was for $186,620, and applicants reported an average income of $72,701. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Bethesda-Frederick-Gaithersburg, MD (1,098), Baltimore-Towson, MD (785) and Raleigh-Cary, NC (343) (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 | 6,393 |
| Total Mortgage Loan Application Amount | $1,193,068,000 |
| Average Mortgage Loan Application Amount | $186,620 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $72,701 |
| Highest Applicant Income | $2,499,000 |
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records Fidelity & Trust Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 4,944 | $875,759,000 | $182,900 | $1,518,000 | $96,533 | $1,392,000 |
| Refinancing | 1,449 | $317,309,000 | $127,137 | $2,000,000 | $71,172 | $2,499,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,795 | $540,943,000 | $165,285 | $2,000,000 | $80,514 | $2,499,000 |
| Hispanic | 1,868 | $342,333,000 | $153,090 | $1,000,000 | $57,454 | $648,000 |
| Black or African American | 1,401 | $239,212,000 | $132,785 | $1,331,000 | $80,857 | $718,000 |
| Asian | 259 | $58,168,000 | $207,777 | $1,300,000 | $102,555 | $600,000 |
| Native Hawaiian or Other Pacific Islander | 31 | $6,650,000 | $179,333 | $600,000 | $65,833 | $393,000 |
| Not Provided | 24 | $3,557,000 | $105,555 | $516,000 | $76,777 | $360,000 |
| American Indian or Alaskan Native | 15 | $2,205,000 | $147,000 | $470,000 | $62,000 | $133,000 |
| 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) | 6,196 | $1,165,295,000 | $145,583 | $2,000,000 | $80,333 | $2,499,000 |
| FHA-insured (Federal Housing Administration) | 100 | $14,249,000 | $139,714 | $289,000 | $46,428 | $293,000 |
| VA-guaranteed (Veterans Administration) | 61 | $9,710,000 | $169,666 | $367,000 | $60,666 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $3,814,000 | $106,500 | $201,000 | $37,500 | $57,000 |
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 | 5,956 | $1,112,894,000 | $150,805 | $2,000,000 | $81,305 | $2,499,000 |
| Application Withdrawn By Applicant | 216 | $39,159,000 | $177,333 | $1,518,000 | $67,583 | $674,000 |
| Application Denied By Financial Institution | 116 | $20,413,000 | $165,500 | $1,300,000 | $81,200 | $600,000 |
| Application Approved But Not Accepted | 104 | $20,432,000 | $163,400 | $1,130,000 | $59,100 | $361,000 |
| File Closed For Incompleteness | 1 | $170,000 | $170,000 | $170,000 | $92,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 32 | $3,705,000 | $107,666 | $440,000 | $46,666 | $227,000 |
| Credit History | 23 | $5,050,000 | $210,000 | $581,000 | $50,200 | $175,000 |
| Collateral | 20 | $4,659,000 | $268,833 | $1,300,000 | $143,000 | $600,000 |
| Credit Application Incomplete | 17 | $3,124,000 | $181,166 | $375,000 | $61,000 | $146,000 |
| Debt-To-Income Ratio | 11 | $2,030,000 | $159,750 | $338,000 | $56,750 | $103,000 |
| Unverifiable Information | 6 | $1,285,000 | $217,500 | $407,000 | $85,500 | $171,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $197,000 | $50,500 | $92,000 | $85,500 | $120,000 |
| Employment History | 3 | $363,000 | $134,500 | $175,000 | $49,000 | $57,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity & Trust Mortgage, Inc's 2005 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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