First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, First-Citizens Bank & Trust Co of Raleigh, NC reported 6,417 mortgage applications totaling $919.2 million, down 33% from 2003. The average application was for $143,244, and applicants reported an average income of $79,174. 71% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Raleigh-Cary, NC (532), Wilmington, NC (417) and Asheville, NC (391) (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 | 6,417 |
| Total Mortgage Loan Application Amount | $919,203,000 |
| Average Mortgage Loan Application Amount | $143,244 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $79,174 |
| Highest Applicant Income | $3,000,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First-Citizens Bank & Trust Co 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 | 3,411 | $490,057,000 | $197,125 | $1,800,000 | $106,750 | $2,000,000 |
| Refinancing | 2,671 | $409,679,000 | $206,666 | $1,800,000 | $186,000 | $3,000,000 |
| Home Improvement | 335 | $19,467,000 | $69,500 | $570,000 | $79,666 | $2,256,000 |
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 | 5,057 | $739,014,000 | $169,000 | $1,800,000 | $138,142 | $3,000,000 |
| Black or African American | 558 | $50,932,000 | $80,500 | $1,000,000 | $108,333 | $1,000,000 |
| Not applicable | 276 | $51,049,000 | $386,000 | $1,800,000 | $500 | $632,000 |
| Not Provided | 191 | $39,993,000 | $204,400 | $1,230,000 | $121,000 | $1,316,000 |
| Hispanic | 169 | $13,952,000 | $62,333 | $732,000 | $47,000 | $638,000 |
| Asian | 81 | $14,876,000 | $334,800 | $990,000 | $389,600 | $1,181,000 |
| American Indian or Alaskan Native | 79 | $8,588,000 | $100,666 | $1,000,000 | $82,333 | $658,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $799,000 | $195,000 | $368,000 | $100,666 | $238,000 |
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) | 6,412 | $918,696,000 | $194,250 | $1,800,000 | $117,250 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 3 | $331,000 | $110,000 | $153,000 | $41,000 | $56,000 |
| VA-guaranteed (Veterans Administration) | 2 | $176,000 | $88,000 | $89,000 | $29,000 | $35,000 |
| 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 | 4,543 | $717,338,000 | $220,714 | $1,800,000 | $136,428 | $3,000,000 |
| Application Denied By Financial Institution | 1,120 | $87,698,000 | $121,333 | $1,800,000 | $69,000 | $1,000,000 |
| Application Approved But Not Accepted | 336 | $41,357,000 | $100,333 | $1,000,000 | $85,500 | $2,000,000 |
| Application Withdrawn By Applicant | 272 | $50,899,000 | $201,600 | $1,750,000 | $169,200 | $1,421,000 |
| File Closed For Incompleteness | 100 | $18,165,000 | $310,800 | $1,250,000 | $275,400 | $1,000,000 |
| Loan Purchased By The Institution | 23 | $2,053,000 | $77,000 | $199,000 | $33,000 | $69,000 |
| Preapproval Denied by Financial Institution | 23 | $1,693,000 | $73,000 | $146,000 | $35,000 | $251,000 |
| 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 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 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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