First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2005
In 2005, First-Citizens Bank & Trust Co of Raleigh, NC reported 5,515 mortgage applications totaling $882.2 million, down 14% from 2004. The average application was for $159,961, and applicants reported an average income of $93,588. 73% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Raleigh-Cary, NC (491), Wilmington, NC (393) and Asheville, NC (300) (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 | 5,515 |
| Total Mortgage Loan Application Amount | $882,185,000 |
| Average Mortgage Loan Application Amount | $159,961 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $93,588 |
| Highest Applicant Income | $6,332,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 3,049 | $510,150,000 | $225,111 | $2,000,000 | $183,555 | $6,332,000 |
| Refinancing | 2,086 | $338,376,000 | $200,555 | $1,810,000 | $93,555 | $1,763,000 |
| Home Improvement | 380 | $33,659,000 | $83,500 | $728,000 | $64,000 | $725,000 |
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 | 4,323 | $701,303,000 | $242,545 | $2,000,000 | $173,272 | $6,332,000 |
| Black or African American | 411 | $41,275,000 | $135,200 | $728,000 | $55,400 | $577,000 |
| Not Provided | 271 | $59,110,000 | $293,000 | $1,676,000 | $173,333 | $1,168,000 |
| Not applicable | 241 | $43,520,000 | $224,666 | $1,800,000 | $0 | $0 |
| Hispanic | 129 | $14,786,000 | $142,500 | $1,700,000 | $97,000 | $1,700,000 |
| Asian | 69 | $15,501,000 | $198,750 | $750,000 | $150,250 | $630,000 |
| American Indian or Alaskan Native | 61 | $5,422,000 | $89,333 | $650,000 | $36,000 | $418,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,268,000 | $126,500 | $335,000 | $107,000 | $250,000 |
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) | 5,503 | $880,773,000 | $244,909 | $2,000,000 | $171,272 | $6,332,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,131,000 | $112,500 | $170,000 | $38,000 | $47,000 |
| VA-guaranteed (Veterans Administration) | 2 | $281,000 | $140,500 | $153,000 | $54,500 | $61,000 |
| 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 | 4,038 | $692,018,000 | $225,000 | $1,810,000 | $195,125 | $6,332,000 |
| Application Denied By Financial Institution | 815 | $79,869,000 | $99,857 | $1,700,000 | $45,142 | $1,700,000 |
| Application Approved But Not Accepted | 250 | $38,010,000 | $253,571 | $2,000,000 | $165,857 | $890,000 |
| Application Withdrawn By Applicant | 236 | $44,642,000 | $198,857 | $950,000 | $172,714 | $1,500,000 |
| Preapproval Denied by Financial Institution | 66 | $8,661,000 | $131,000 | $680,000 | $58,000 | $343,000 |
| Loan Purchased By The Institution | 60 | $8,228,000 | $137,500 | $270,000 | $42,500 | $113,000 |
| File Closed For Incompleteness | 50 | $10,757,000 | $489,750 | $1,428,000 | $182,500 | $616,000 |
| 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 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 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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