Cit Bank, National Association Mortgage Lending & HMDA Data, 2014
In 2014, Cit Bank, National Association of Pasadena, CA reported 1,417 mortgage applications totaling $1.4 billion, down 89% from 2013. The average application was for $1,006,991, and applicants reported an average income of $59,433. 12% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (346), San Francisco-Redwood City-South San Francisco, CA (316) and Oakland-Hayward-Berkeley, CA (91) (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 | 1,417 |
| Total Mortgage Loan Application Amount | $1,426,907,000 |
| Average Mortgage Loan Application Amount | $1,006,991 |
| Highest Mortgage Loan Application Amount | $35,750,000 |
| Average Applicant Income | $59,433 |
| Highest Applicant Income | $3,428,000 |
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records Cit Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 346 | $ 372,471,000 | $ 1,076,505 | $ 126,000 |
| San Francisco-Redwood City-South San Francisco, CA | 316 | $ 277,444,000 | $ 877,987 | $ 3,000 |
| Oakland-Hayward-Berkeley, CA | 91 | $ 68,511,000 | $ 752,868 | $ 12,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 79 | $ 60,496,000 | $ 765,772 | $ 9,000 |
| New York-Jersey City-White Plains, NY-NJ | 74 | $ 63,050,000 | $ 852,027 | $ 29,135 |
| Anaheim-Santa Ana-Irvine, CA | 66 | $ 82,647,000 | $ 1,252,227 | $ 92,000 |
| San Rafael, CA | 53 | $ 46,209,000 | $ 871,867 | $ 10,000 |
| Boston, MA | 43 | $ 25,889,000 | $ 602,069 | $ 0 |
| San Diego-Carlsbad, CA | 37 | $ 55,834,000 | $ 1,509,027 | $ 34,000 |
| Riverside-San Bernardino-Ontario, CA | 30 | $ 58,922,000 | $ 1,964,066 | $ 77,000 |
| Cambridge-Newton-Framingham, MA | 23 | $ 16,765,000 | $ 728,913 | $ 3,000 |
| Nassau County-Suffolk County, NY | 18 | $ 16,499,000 | $ 916,611 | $ 49,000 |
| Santa Maria-Santa Barbara, CA | 17 | $ 25,715,000 | $ 1,512,647 | $ 33,000 |
| Salinas, CA | 14 | $ 37,770,000 | $ 2,697,857 | $ 131,000 |
| Santa Rosa, CA | 14 | $ 7,446,000 | $ 531,857 | $ 0 |
| Chicago-Naperville-Arlington Heights, IL | 12 | $ 10,481,000 | $ 873,416 | $ 283,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 11 | $ 5,290,000 | $ 480,909 | $ 59,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 10 | $ 10,474,000 | $ 1,047,400 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 4,063,000 | $ 451,444 | $ 55,000 |
| Napa, CA | 9 | $ 7,830,000 | $ 870,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 6 | $ 7,563,000 | $ 1,260,500 | $ 31,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 3,625,000 | $ 604,166 | $ 10,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 5 | $ 2,114,000 | $ 422,800 | $ 0 |
| Santa Cruz-Watsonville, CA | 5 | $ 2,583,000 | $ 516,600 | $ 46,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 27,382,000 | $ 5,476,400 | $ 19,000 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 16,098,000 | $ 4,024,500 | $ 80,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 293,000 | $ 97,666 | $ 0 |
| Barnstable Town, MA | 3 | $ 1,592,000 | $ 530,666 | $ 0 |
| Denver-Aurora-Lakewood, CO | 3 | $ 7,919,000 | $ 2,639,666 | $ 79,000 |
| Jacksonville, FL | 3 | $ 1,368,000 | $ 456,000 | $ 134,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 1,732,000 | $ 577,333 | $ 0 |
| Providence-Warwick, RI-MA | 3 | $ 1,417,000 | $ 472,333 | $ 57,000 |
| Stockton-Lodi, CA | 3 | $ 975,000 | $ 325,000 | $ 24,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 1,456,000 | $ 485,333 | $ 32,000 |
| Chico, CA | 2 | $ 226,000 | $ 113,000 | $ 0 |
| Kahului-Wailuku-Lahaina, HI | 2 | $ 2,532,000 | $ 1,266,000 | $ 56,000 |
| Redding, CA | 2 | $ 199,000 | $ 99,500 | $ 0 |
| St. Louis, MO-IL | 2 | $ 1,041,000 | $ 520,500 | $ 0 |
| Tucson, AZ | 2 | $ 1,184,000 | $ 592,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 1,250,000 | $ 625,000 | $ 0 |
| Akron, OH | 1 | $ 207,000 | $ 207,000 | $ 68,000 |
| Anchorage, AK | 1 | $ 225,000 | $ 225,000 | $ 116,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 144,000 | $ 144,000 | $ 43,000 |
| Auburn-Opelika, AL | 1 | $ 18,434,000 | $ 18,434,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 355,000 | $ 355,000 | $ 192,000 |
| Bend-Redmond, OR | 1 | $ 293,000 | $ 293,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Cleveland-Elyria, OH | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 7,250,000 | $ 7,250,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 622,000 | $ 622,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 879,000 | $ 879,000 | $ 545,000 |
| Kennewick-Richland, WA | 1 | $ 326,000 | $ 326,000 | $ 127,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 9,675,000 | $ 9,675,000 | $ 0 |
| Merced, CA | 1 | $ 237,000 | $ 237,000 | $ 80,000 |
| Modesto, CA | 1 | $ 141,000 | $ 141,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 554,000 | $ 554,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 2,725,000 | $ 2,725,000 | $ 675,000 |
| Newark, NJ-PA | 1 | $ 1,040,000 | $ 1,040,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 674,000 | $ 674,000 | $ 0 |
| Philadelphia, PA | 1 | $ 104,000 | $ 104,000 | $ 78,000 |
| Punta Gorda, FL | 1 | $ 428,000 | $ 428,000 | $ 0 |
| Raleigh, NC | 1 | $ 100,000 | $ 100,000 | $ 87,000 |
| Reno, NV | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Richmond, VA | 1 | $ 200,000 | $ 200,000 | $ 34,000 |
| Salt Lake City, UT | 1 | $ 382,000 | $ 382,000 | $ 348,000 |
| San Antonio-New Braunfels, TX | 1 | $ 85,000 | $ 85,000 | $ 99,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 705,000 | $ 705,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 840,000 | $ 840,000 | $ 0 |
| Wilmington, NC | 1 | $ 540,000 | $ 540,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cit Bank, National Association in 2014
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 | 801 | $647,734,000 | $808,000 | $4,940,000 | $49,000 | $1,475,000 |
| Home Purchase | 616 | $779,173,000 | $1,264,000 | $35,750,000 | $73,000 | $3,428,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,134 | $1,204,086,000 | $1,061,000 | $35,750,000 | $0 | $0 |
| White | 139 | $114,596,000 | $824,000 | $3,000,000 | $313,000 | $1,838,000 |
| Not Provided | 104 | $88,142,000 | $847,000 | $4,500,000 | $328,000 | $3,428,000 |
| Asian | 18 | $13,745,000 | $763,000 | $1,600,000 | $291,000 | $834,000 |
| Hispanic | 17 | $3,456,000 | $203,000 | $540,000 | $53,000 | $141,000 |
| Black or African American | 4 | $1,622,000 | $405,000 | $1,260,000 | $110,000 | $280,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $1,260,000 | $1,260,000 | $1,260,000 | $565,000 | $565,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 1,417 | $1,426,907,000 | $1,006,000 | $35,750,000 | $59,000 | $3,428,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,119 | $959,509,000 | $857,000 | $5,070,000 | $0 | $0 |
| Loan Originated | 168 | $353,475,000 | $2,104,000 | $35,750,000 | $285,000 | $3,428,000 |
| Application Denied By Financial Institution | 82 | $67,327,000 | $821,000 | $3,500,000 | $232,000 | $1,065,000 |
| Application Withdrawn By Applicant | 46 | $46,060,000 | $1,001,000 | $2,999,000 | $385,000 | $1,683,000 |
| Application Approved But Not Accepted | 2 | $536,000 | $268,000 | $451,000 | $106,000 | $114,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 25 | $29,942,000 | $1,197,000 | $3,500,000 | $272,000 | $883,000 |
| Credit Application Incomplete | 20 | $12,715,000 | $635,000 | $2,325,000 | $255,000 | $1,065,000 |
| Collateral | 17 | $6,695,000 | $393,000 | $1,110,000 | $139,000 | $576,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $6,514,000 | $1,302,000 | $3,320,000 | $384,000 | $777,000 |
| Credit History | 5 | $3,781,000 | $756,000 | $1,967,000 | $144,000 | $263,000 |
| Unverifiable Information | 5 | $3,605,000 | $721,000 | $1,125,000 | $183,000 | $369,000 |
| Other | 4 | $3,515,000 | $878,000 | $1,475,000 | $188,000 | $237,000 |
| Employment History | 1 | $560,000 | $560,000 | $560,000 | $466,000 | $466,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cit Bank, National Association's 2014 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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