Cit Bank, National Association Mortgage Lending & HMDA Data, 2016
In 2016, Cit Bank, National Association of Pasadena, CA reported 1,639 mortgage applications totaling $3.2 billion, up 131% from 2015. The average application was for $1,948,502, and applicants reported an average income of $171,311. 28% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (642), Anaheim-Santa Ana-Irvine, CA (191) and San Jose-Sunnyvale-Santa Clara, CA (157) (applications in parentheses).
| Mortgage Company & Address | Cit Bank, National Association 75 N. Fair Oaks Ave. Pasadena, CA 91103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,639 |
| Total Mortgage Loan Application Amount | $3,193,595,000 |
| Average Mortgage Loan Application Amount | $1,948,502 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $171,311 |
| Highest Applicant Income | $3,824,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cit Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 642 | $ 1,082,048,000 | $ 1,685,433 | $ 215,000 |
| Orange, California | 191 | $ 238,504,000 | $ 1,248,712 | $ 217,000 |
| Santa Clara, California | 156 | $ 132,785,000 | $ 851,185 | $ 35,000 |
| San Diego, California | 88 | $ 119,698,000 | $ 1,360,204 | $ 169,000 |
| Alameda, California | 69 | $ 90,347,000 | $ 1,309,376 | $ 33,000 |
| Riverside, California | 65 | $ 24,564,000 | $ 377,907 | $ 139,000 |
| San Mateo, California | 48 | $ 42,511,000 | $ 885,645 | $ 36,000 |
| San Bernardino, California | 46 | $ 52,274,000 | $ 1,136,391 | $ 109,000 |
| Contra Costa, California | 45 | $ 33,990,000 | $ 755,333 | $ 70,000 |
| San Francisco, California | 37 | $ 68,156,000 | $ 1,842,054 | $ 29,000 |
| Ventura, California | 36 | $ 43,660,000 | $ 1,212,777 | $ 161,000 |
| Marin, California | 15 | $ 15,257,000 | $ 1,017,133 | $ 225,000 |
| Maricopa, Arizona | 14 | $ 186,030,000 | $ 13,287,857 | $ 92,000 |
| New York, New York | 9 | $ 143,472,000 | $ 15,941,333 | $ 1,127,000 |
| Queens, New York | 6 | $ 36,027,000 | $ 6,004,500 | $ 189,000 |
| Nevada, California | 5 | $ 2,190,000 | $ 438,000 | $ 272,000 |
| Placer, California | 5 | $ 3,185,000 | $ 637,000 | $ 54,000 |
| Cook, Illinois | 5 | $ 73,867,000 | $ 14,773,400 | $ 49,000 |
| Sacramento, California | 4 | $ 36,756,000 | $ 9,189,000 | $ 34,000 |
| San Joaquin, California | 4 | $ 1,671,000 | $ 417,750 | $ 167,000 |
| San Luis Obispo, California | 4 | $ 2,748,000 | $ 687,000 | $ 122,000 |
| Santa Barbara, California | 4 | $ 4,968,000 | $ 1,242,000 | $ 167,000 |
| Solano, California | 4 | $ 2,291,000 | $ 572,750 | $ 83,000 |
| Sonoma, California | 4 | $ 2,081,000 | $ 520,250 | $ 46,000 |
| Fairfield, Connecticut | 4 | $ 13,691,000 | $ 3,422,750 | $ 873,000 |
| Honolulu, Hawaii | 4 | $ 2,478,000 | $ 619,500 | $ 76,000 |
| Clark, Nevada | 4 | $ 1,829,000 | $ 457,250 | $ 551,000 |
| Harris, Texas | 4 | $ 47,799,000 | $ 11,949,750 | $ 652,000 |
| Kern, California | 3 | $ 827,000 | $ 275,666 | $ 116,000 |
| Santa Cruz, California | 3 | $ 23,893,000 | $ 7,964,333 | $ 51,000 |
| Bergen, New Jersey | 3 | $ 1,764,000 | $ 588,000 | $ 223,000 |
| Fairfax, Virginia | 3 | $ 1,973,000 | $ 657,666 | $ 182,000 |
| Merced, California | 2 | $ 332,000 | $ 166,000 | $ 92,000 |
| Yolo, California | 2 | $ 1,680,000 | $ 840,000 | $ 106,000 |
| Denver, Colorado | 2 | $ 43,000,000 | $ 21,500,000 | $ 0 |
| Orange, Florida | 2 | $ 3,985,000 | $ 1,992,500 | $ 468,000 |
| Walton, Florida | 2 | $ 6,878,000 | $ 3,439,000 | $ 900,000 |
| Fulton, Georgia | 2 | $ 34,436,000 | $ 17,218,000 | $ 357,000 |
| Gwinnett, Georgia | 2 | $ 52,900,000 | $ 26,450,000 | $ 0 |
| Suffolk, Massachusetts | 2 | $ 51,007,000 | $ 25,503,500 | $ 214,000 |
| Essex, New Jersey | 2 | $ 40,626,000 | $ 20,313,000 | $ 198,000 |
| Nassau, New York | 2 | $ 534,000 | $ 267,000 | $ 102,000 |
| Suffolk, New York | 2 | $ 3,577,000 | $ 1,788,500 | $ 1,111,000 |
| Westchester, New York | 2 | $ 60,952,000 | $ 30,476,000 | $ 342,000 |
| Multnomah, Oregon | 2 | $ 696,000 | $ 348,000 | $ 84,000 |
| Dallas, Texas | 2 | $ 2,895,000 | $ 1,447,500 | $ 426,000 |
| Juneau, Alaska | 1 | $ 531,000 | $ 531,000 | $ 144,000 |
| Mohave, Arizona | 1 | $ 180,000 | $ 180,000 | $ 168,000 |
| Pima, Arizona | 1 | $ 350,000 | $ 350,000 | $ 105,000 |
| Pinal, Arizona | 1 | $ 240,000 | $ 240,000 | $ 132,000 |
| Amador, California | 1 | $ 300,000 | $ 300,000 | $ 132,000 |
| Butte, California | 1 | $ 220,000 | $ 220,000 | $ 0 |
| El Dorado, California | 1 | $ 595,000 | $ 595,000 | $ 0 |
| Lake, California | 1 | $ 101,000 | $ 101,000 | $ 48,000 |
| Monterey, California | 1 | $ 1,455,000 | $ 1,455,000 | $ 320,000 |
| Napa, California | 1 | $ 670,000 | $ 670,000 | $ 264,000 |
| San Benito, California | 1 | $ 529,000 | $ 529,000 | $ 132,000 |
| Siskiyou, California | 1 | $ 597,000 | $ 597,000 | $ 204,000 |
| Yuba, California | 1 | $ 110,000 | $ 110,000 | $ 36,000 |
| Adams, Colorado | 1 | $ 26,400,000 | $ 26,400,000 | $ 0 |
| Arapahoe, Colorado | 1 | $ 32,900,000 | $ 32,900,000 | $ 0 |
| Douglas, Colorado | 1 | $ 486,000 | $ 486,000 | $ 156,000 |
| Garfield, Colorado | 1 | $ 330,000 | $ 330,000 | $ 385,000 |
| Broward, Florida | 1 | $ 100,000 | $ 100,000 | $ 144,000 |
| Collier, Florida | 1 | $ 750,000 | $ 750,000 | $ 2,256,000 |
| Hillsborough, Florida | 1 | $ 474,000 | $ 474,000 | $ 146,000 |
| Miami-Dade, Florida | 1 | $ 1,330,000 | $ 1,330,000 | $ 180,000 |
| Pinellas, Florida | 1 | $ 330,000 | $ 330,000 | $ 233,000 |
| Seminole, Florida | 1 | $ 370,000 | $ 370,000 | $ 143,000 |
| St. Johns, Florida | 1 | $ 248,000 | $ 248,000 | $ 72,000 |
| Ada, Idaho | 1 | $ 334,000 | $ 334,000 | $ 114,000 |
| Blaine, Idaho | 1 | $ 859,000 | $ 859,000 | $ 552,000 |
| Kootenai, Idaho | 1 | $ 695,000 | $ 695,000 | $ 120,000 |
| Will, Illinois | 1 | $ 417,000 | $ 417,000 | $ 360,000 |
| St. Landry, Louisiana | 1 | $ 124,000 | $ 124,000 | $ 84,000 |
| York, Maine | 1 | $ 265,000 | $ 265,000 | $ 146,000 |
| Anne Arundel, Maryland | 1 | $ 23,000,000 | $ 23,000,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 220,000 | $ 220,000 | $ 77,000 |
| Wicomico, Maryland | 1 | $ 173,000 | $ 173,000 | $ 103,000 |
| Norfolk, Massachusetts | 1 | $ 91,250,000 | $ 91,250,000 | $ 0 |
| Crawford, Michigan | 1 | $ 63,000 | $ 63,000 | $ 31,000 |
| Oakland, Michigan | 1 | $ 325,000 | $ 325,000 | $ 108,000 |
| Ravalli, Montana | 1 | $ 724,000 | $ 724,000 | $ 180,000 |
| Lancaster, Nebraska | 1 | $ 575,000 | $ 575,000 | $ 300,000 |
| Washoe, Nevada | 1 | $ 1,200,000 | $ 1,200,000 | $ 300,000 |
| Hudson, New Jersey | 1 | $ 628,000 | $ 628,000 | $ 152,000 |
| Middlesex, New Jersey | 1 | $ 332,000 | $ 332,000 | $ 72,000 |
| Monmouth, New Jersey | 1 | $ 1,460,000 | $ 1,460,000 | $ 801,000 |
| Union, New Jersey | 1 | $ 26,250,000 | $ 26,250,000 | $ 0 |
| Kings, New York | 1 | $ 626,000 | $ 626,000 | $ 139,000 |
| Mecklenburg, North Carolina | 1 | $ 43,800,000 | $ 43,800,000 | $ 0 |
| Orange, North Carolina | 1 | $ 29,300,000 | $ 29,300,000 | $ 0 |
| Washington, Oregon | 1 | $ 222,000 | $ 222,000 | $ 60,000 |
| Delaware, Pennsylvania | 1 | $ 49,500,000 | $ 49,500,000 | $ 0 |
| Newport, Rhode Island | 1 | $ 3,932,000 | $ 3,932,000 | $ 856,000 |
| Horry, South Carolina | 1 | $ 169,000 | $ 169,000 | $ 105,000 |
| Richland, South Carolina | 1 | $ 240,000 | $ 240,000 | $ 72,000 |
| Bexar, Texas | 1 | $ 270,000 | $ 270,000 | $ 96,000 |
| Montgomery, Texas | 1 | $ 172,000 | $ 172,000 | $ 144,000 |
| Tarrant, Texas | 1 | $ 280,000 | $ 280,000 | $ 200,000 |
| Salt Lake, Utah | 1 | $ 750,000 | $ 750,000 | $ 1,577,000 |
| Chesterfield, Virginia | 1 | $ 828,000 | $ 828,000 | $ 126,000 |
| Prince William, Virginia | 1 | $ 167,000 | $ 167,000 | $ 48,000 |
| Jefferson, Washington | 1 | $ 190,000 | $ 190,000 | $ 31,000 |
| King, Washington | 1 | $ 248,000 | $ 248,000 | $ 96,000 |
| Pierce, Washington | 1 | $ 427,000 | $ 427,000 | $ 84,000 |
| Jefferson, West Virginia | 1 | $ 280,000 | $ 280,000 | $ 94,000 |
| Park, Wyoming | 1 | $ 142,000 | $ 142,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Cit Bank, National Association in 2016
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 | 998 | $794,969,000 | $796,000 | $12,000,000 | $186,000 | $3,824,000 |
| Home Purchase | 464 | $2,249,987,000 | $4,849,000 | $99,999,000 | $120,000 | $2,256,000 |
| Home Improvement | 177 | $148,639,000 | $839,000 | $6,685,000 | $223,000 | $2,187,000 |
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 | 701 | $616,953,000 | $880,000 | $12,000,000 | $286,000 | $3,824,000 |
| Not applicable | 625 | $2,333,059,000 | $3,732,000 | $99,999,000 | $5,000 | $382,000 |
| Asian | 109 | $78,914,000 | $723,000 | $5,000,000 | $245,000 | $1,682,000 |
| Not Provided | 97 | $124,565,000 | $1,284,000 | $9,000,000 | $391,000 | $2,256,000 |
| Hispanic | 86 | $30,356,000 | $352,000 | $1,040,000 | $110,000 | $636,000 |
| Black or African American | 19 | $8,988,000 | $473,000 | $2,965,000 | $171,000 | $1,596,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $495,000 | $495,000 | $495,000 | $163,000 | $163,000 |
| American Indian or Alaskan Native | 1 | $265,000 | $265,000 | $265,000 | $276,000 | $276,000 |
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) | 1,586 | $3,177,450,000 | $2,003,000 | $99,999,000 | $176,000 | $3,824,000 |
| FHA-insured (Federal Housing Administration) | 53 | $16,145,000 | $304,000 | $547,000 | $47,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 Purchased By The Institution | 574 | $495,171,000 | $862,000 | $8,292,000 | $5,000 | $382,000 |
| Loan Originated | 461 | $798,837,000 | $1,732,000 | $59,000,000 | $309,000 | $3,824,000 |
| Application Denied By Financial Institution | 351 | $866,111,000 | $2,467,000 | $99,999,000 | $212,000 | $3,612,000 |
| Application Withdrawn By Applicant | 214 | $1,005,419,000 | $4,698,000 | $99,999,000 | $236,000 | $2,616,000 |
| File Closed For Incompleteness | 29 | $15,925,000 | $549,000 | $1,500,000 | $213,000 | $924,000 |
| Application Approved But Not Accepted | 10 | $12,132,000 | $1,213,000 | $6,050,000 | $452,000 | $1,866,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 186 | $182,862,000 | $983,000 | $9,000,000 | $175,000 | $2,400,000 |
| Credit History | 52 | $27,796,000 | $534,000 | $2,065,000 | $162,000 | $540,000 |
| Collateral | 44 | $38,337,000 | $871,000 | $12,000,000 | $335,000 | $3,612,000 |
| Other | 31 | $573,879,000 | $18,512,000 | $99,999,000 | $183,000 | $2,496,000 |
| Unverifiable Information | 12 | $15,562,000 | $1,296,000 | $4,000,000 | $345,000 | $1,199,000 |
| Credit Application Incomplete | 12 | $10,560,000 | $880,000 | $2,965,000 | $245,000 | $1,596,000 |
| Employment History | 10 | $11,620,000 | $1,162,000 | $2,991,000 | $440,000 | $1,248,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $5,495,000 | $1,373,000 | $3,473,000 | $399,000 | $1,022,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cit Bank, National Association's 2016 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 Cit Bank, National Association'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.
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