First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2007
In 2007, First-Citizens Bank & Trust Co of Raleigh, NC reported 5,007 mortgage applications totaling $1.0 billion, down 11% from 2006. The average application was for $203,623, and applicants reported an average income of $108,800. 67% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Raleigh-Cary, NC (494), Asheville, NC (399) and Hickory-Lenoir-Morganton, NC (312) (applications in parentheses).
| Mortgage Company & Address | First-Citizens Bank & Trust Co 16 E Rowan Street Raleigh, NC 27609 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,007 |
| Total Mortgage Loan Application Amount | $1,019,541,000 |
| Average Mortgage Loan Application Amount | $203,623 |
| Highest Mortgage Loan Application Amount | $85,000,000 |
| Average Applicant Income | $108,800 |
| Highest Applicant Income | $1,924,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Raleigh-Cary, NC | 494 | $ 102,870,000 | $ 208,238 | $ 116,000 |
| Asheville, NC | 399 | $ 84,653,000 | $ 212,162 | $ 99,000 |
| Hickory-Lenoir-Morganton, NC | 312 | $ 38,096,000 | $ 122,102 | $ 75,000 |
| Charlotte-Gastonia-Concord, NC-SC | 271 | $ 59,120,000 | $ 218,154 | $ 105,948 |
| Wilmington, NC | 260 | $ 81,958,000 | $ 315,223 | $ 179,000 |
| Greensboro-High Point, NC | 176 | $ 27,027,000 | $ 153,562 | $ 106,000 |
| Greenville, NC | 154 | $ 32,017,000 | $ 207,902 | $ 130,000 |
| Roanoke, VA | 151 | $ 25,560,000 | $ 169,271 | $ 87,000 |
| Winston-Salem, NC | 150 | $ 27,663,000 | $ 184,420 | $ 125,000 |
| Fayetteville, NC | 137 | $ 21,430,000 | $ 156,423 | $ 126,000 |
| Danville, VA | 123 | $ 15,895,000 | $ 129,227 | $ 70,000 |
| Jacksonville, NC | 106 | $ 16,037,000 | $ 151,292 | $ 112,000 |
| Durham, NC | 81 | $ 19,775,000 | $ 244,135 | $ 173,000 |
| Lynchburg, VA | 59 | $ 10,216,000 | $ 173,152 | $ 85,000 |
| Blacksburg-Christiansburg-Radford, VA | 42 | $ 6,288,000 | $ 149,714 | $ 81,000 |
| Richmond, VA | 40 | $ 8,852,000 | $ 221,300 | $ 166,000 |
| Goldsboro, NC | 39 | $ 3,510,000 | $ 90,000 | $ 103,000 |
| Charlottesville, VA | 38 | $ 8,545,000 | $ 224,868 | $ 155,000 |
| Harrisonburg, VA | 31 | $ 4,694,000 | $ 151,419 | $ 79,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 29 | $ 8,983,000 | $ 309,758 | $ 172,000 |
| Baltimore-Towson, MD | 26 | $ 6,675,000 | $ 256,730 | $ 128,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 22 | $ 6,958,000 | $ 316,272 | $ 189,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 22 | $ 5,400,000 | $ 245,454 | $ 158,545 |
| Knoxville, TN | 18 | $ 6,280,000 | $ 348,888 | $ 165,000 |
| Rocky Mount, NC | 10 | $ 1,545,000 | $ 154,500 | $ 97,000 |
| Atlanta-Sandy Springs-Marietta, GA | 8 | $ 3,458,000 | $ 432,250 | $ 237,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 2,629,000 | $ 328,625 | $ 174,250 |
| Greenville-Mauldin-Easley, SC | 6 | $ 1,570,000 | $ 261,666 | $ 274,000 |
| Winchester, VA-WV | 6 | $ 1,342,000 | $ 223,666 | $ 70,000 |
| Burlington, NC | 4 | $ 535,000 | $ 133,750 | $ 67,000 |
| Charleston-North Charleston, SC | 4 | $ 1,936,000 | $ 484,000 | $ 135,000 |
| Spartanburg, SC | 4 | $ 519,000 | $ 129,750 | $ 88,000 |
| Austin-Round Rock, TX | 3 | $ 1,290,000 | $ 430,000 | $ 215,000 |
| Charleston, WV | 3 | $ 191,000 | $ 63,666 | $ 116,000 |
| Chattanooga, TN-GA | 3 | $ 506,000 | $ 168,666 | $ 82,000 |
| Johnson City, TN | 3 | $ 252,000 | $ 84,000 | $ 166,000 |
| Anderson, SC | 2 | $ 118,000 | $ 59,000 | $ 82,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 416,000 | $ 208,000 | $ 120,000 |
| Dallas-Plano-Irving, TX | 2 | $ 700,000 | $ 350,000 | $ 398,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 78,000 | $ 39,000 | $ 66,000 |
| Jacksonville, FL | 2 | $ 715,000 | $ 357,500 | $ 346,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 139,000 | $ 69,500 | $ 54,000 |
| Orlando-Kissimmee, FL | 2 | $ 203,000 | $ 101,500 | $ 41,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 401,000 | $ 200,500 | $ 65,000 |
| Albuquerque, NM | 1 | $ 234,000 | $ 234,000 | $ 42,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 67,000 | $ 67,000 | $ 168,000 |
| Clarksville, TN-KY | 1 | $ 73,000 | $ 73,000 | $ 35,000 |
| Columbia, SC | 1 | $ 88,000 | $ 88,000 | $ 55,000 |
| Dalton, GA | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Denver-Aurora, CO | 1 | $ 417,000 | $ 417,000 | $ 106,000 |
| Florence, SC | 1 | $ 200,000 | $ 200,000 | $ 65,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 213,000 | $ 213,000 | $ 85,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 54,000 | $ 54,000 | $ 44,000 |
| Morgantown, WV | 1 | $ 72,000 | $ 72,000 | $ 471,000 |
| Morristown, TN | 1 | $ 41,000 | $ 41,000 | $ 72,000 |
| Naples-Marco Island, FL | 1 | $ 417,000 | $ 417,000 | $ 372,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 220,000 | $ 220,000 | $ 91,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 84,000 | $ 84,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co 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 | 2,522 | $508,469,000 | $201,000 | $2,300,000 | $116,000 | $1,924,000 |
| Refinancing | 2,085 | $478,911,000 | $229,000 | $85,000,000 | $106,000 | $1,891,000 |
| Home Improvement | 400 | $32,161,000 | $80,000 | $1,300,000 | $78,000 | $892,000 |
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 | 3,989 | $844,413,000 | $211,000 | $85,000,000 | $116,000 | $1,924,000 |
| Black or African American | 343 | $41,275,000 | $120,000 | $1,100,000 | $75,000 | $1,739,000 |
| Not Provided | 294 | $55,172,000 | $187,000 | $1,028,000 | $115,000 | $911,000 |
| Not applicable | 168 | $38,165,000 | $227,000 | $1,125,000 | $3,000 | $110,000 |
| Hispanic | 106 | $13,861,000 | $130,000 | $1,281,000 | $76,000 | $720,000 |
| Asian | 66 | $16,389,000 | $248,000 | $754,000 | $140,000 | $607,000 |
| American Indian or Alaskan Native | 25 | $4,503,000 | $180,000 | $1,500,000 | $107,000 | $534,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $5,763,000 | $360,000 | $1,485,000 | $251,000 | $1,670,000 |
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) | 4,970 | $1,015,050,000 | $204,000 | $85,000,000 | $109,000 | $1,924,000 |
| FHA-insured (Federal Housing Administration) | 31 | $3,793,000 | $122,000 | $250,000 | $35,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 6 | $698,000 | $116,000 | $209,000 | $35,000 | $47,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,377 | $687,118,000 | $203,000 | $2,048,000 | $120,000 | $1,924,000 |
| Application Denied By Financial Institution | 753 | $164,571,000 | $218,000 | $85,000,000 | $65,000 | $892,000 |
| Application Approved But Not Accepted | 327 | $56,435,000 | $172,000 | $1,866,000 | $109,000 | $1,500,000 |
| Application Withdrawn By Applicant | 290 | $66,183,000 | $228,000 | $2,300,000 | $134,000 | $1,351,000 |
| Loan Purchased By The Institution | 120 | $14,735,000 | $122,000 | $300,000 | $36,000 | $88,000 |
| File Closed For Incompleteness | 112 | $26,347,000 | $235,000 | $1,600,000 | $98,000 | $1,000,000 |
| Preapproval Denied by Financial Institution | 28 | $4,152,000 | $148,000 | $638,000 | $59,000 | $598,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First-Citizens Bank & Trust Co'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 First-Citizens Bank & Trust Co'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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