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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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