First-Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2010
In 2010, First-Citizens Bank & Trust Co of Raleigh, NC reported 5,814 mortgage applications totaling $1.5 billion, down 20% from 2009. The average application was for $254,098, and applicants reported an average income of $125,533. 62% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Raleigh-Cary, NC (672), Asheville, NC (506) and Charlotte-Gastonia-Rock Hill, NC-SC (406) (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 | 5,814 |
| Total Mortgage Loan Application Amount | $1,477,329,000 |
| Average Mortgage Loan Application Amount | $254,098 |
| Highest Mortgage Loan Application Amount | $38,157,000 |
| Average Applicant Income | $125,533 |
| Highest Applicant Income | $3,605,000 |
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records First-Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 3,651 | $764,260,000 | $209,000 | $13,772,000 | $133,000 | $2,800,000 |
| Home Purchase | 1,888 | $685,814,000 | $363,000 | $38,157,000 | $117,000 | $3,605,000 |
| Home Improvement | 275 | $27,255,000 | $99,000 | $710,000 | $85,000 | $455,000 |
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 | 4,469 | $882,439,000 | $197,000 | $2,300,000 | $132,000 | $3,605,000 |
| Not Provided | 524 | $91,730,000 | $175,000 | $1,375,000 | $165,000 | $1,749,000 |
| Not applicable | 342 | $421,075,000 | $1,231,000 | $38,157,000 | $3,000 | $181,000 |
| Black or African American | 235 | $30,586,000 | $130,000 | $785,000 | $90,000 | $645,000 |
| Asian | 109 | $26,814,000 | $246,000 | $1,639,000 | $160,000 | $2,053,000 |
| Hispanic | 69 | $11,557,000 | $167,000 | $464,000 | $93,000 | $430,000 |
| Native Hawaiian or Other Pacific Islander | 41 | $10,509,000 | $256,000 | $980,000 | $140,000 | $432,000 |
| American Indian or Alaskan Native | 25 | $2,619,000 | $104,000 | $214,000 | $78,000 | $230,000 |
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) | 5,391 | $1,414,945,000 | $262,000 | $38,157,000 | $131,000 | $3,605,000 |
| FHA-insured (Federal Housing Administration) | 340 | $50,937,000 | $149,000 | $666,000 | $64,000 | $521,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 47 | $5,915,000 | $125,000 | $306,000 | $42,000 | $130,000 |
| VA-guaranteed (Veterans Administration) | 36 | $5,532,000 | $153,000 | $296,000 | $70,000 | $211,000 |
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 | 3,613 | $704,062,000 | $194,000 | $1,908,000 | $140,000 | $3,605,000 |
| Application Denied By Financial Institution | 985 | $173,059,000 | $175,000 | $2,300,000 | $91,000 | $2,053,000 |
| Application Withdrawn By Applicant | 621 | $130,219,000 | $209,000 | $1,375,000 | $138,000 | $1,623,000 |
| Loan Purchased By The Institution | 220 | $401,954,000 | $1,827,000 | $38,157,000 | $5,000 | $181,000 |
| Application Approved But Not Accepted | 193 | $30,523,000 | $158,000 | $956,000 | $136,000 | $852,000 |
| File Closed For Incompleteness | 157 | $32,887,000 | $209,000 | $1,770,000 | $119,000 | $1,350,000 |
| Preapproval Denied by Financial Institution | 25 | $4,625,000 | $185,000 | $900,000 | $63,000 | $298,000 |
| 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 2010 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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