The Cit Group/Consumer Finance Mortgage Lending & HMDA Data, 2003
In 2003, The Cit Group/Consumer Finance of Livingston, NJ reported 3,287 mortgage applications totaling $279.9 million. The average application was for $85,165, and applicants reported an average income of $52,097. 21% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Nashville, TN (830), Knoxville, TN (562) and Chattanooga, TN-GA (397) (applications in parentheses).
| Mortgage Company & Address | The Cit Group/Consumer Finance 650 Cit Drive Livingston, NJ 07039 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 3,287 |
| Total Mortgage Loan Application Amount | $279,938,000 |
| Average Mortgage Loan Application Amount | $85,165 |
| Highest Mortgage Loan Application Amount | $1,142,000 |
| Average Applicant Income | $52,097 |
| Highest Applicant Income | $4,493,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Cit Group/Consumer Finance filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hamilton, Tennessee | 389 | $ 33,049,000 | $ 84,958 | $ 49,000 |
| Davidson, Tennessee | 353 | $ 35,215,000 | $ 99,759 | $ 67,000 |
| Knox, Tennessee | 230 | $ 21,637,000 | $ 94,073 | $ 58,000 |
| Bradley, Tennessee | 136 | $ 11,240,000 | $ 82,647 | $ 44,000 |
| Sevier, Tennessee | 110 | $ 11,814,000 | $ 107,400 | $ 87,000 |
| Blount, Tennessee | 106 | $ 9,510,000 | $ 89,716 | $ 48,000 |
| Sumner, Tennessee | 104 | $ 10,170,000 | $ 97,788 | $ 49,000 |
| Rutherford, Tennessee | 98 | $ 9,402,000 | $ 95,938 | $ 60,000 |
| Wilson, Tennessee | 82 | $ 8,363,000 | $ 101,987 | $ 55,000 |
| Anderson, Tennessee | 76 | $ 5,907,000 | $ 77,723 | $ 43,000 |
| Roane, Tennessee | 72 | $ 4,928,000 | $ 68,444 | $ 45,000 |
| Jefferson, Tennessee | 71 | $ 5,786,000 | $ 81,492 | $ 53,000 |
| Shelby, Tennessee | 64 | $ 4,760,000 | $ 74,375 | $ 85,000 |
| Robertson, Tennessee | 62 | $ 6,340,000 | $ 102,258 | $ 47,000 |
| Dickson, Tennessee | 58 | $ 4,782,000 | $ 82,448 | $ 43,000 |
| Cheatham, Tennessee | 46 | $ 3,955,000 | $ 85,978 | $ 50,000 |
| Greene, Tennessee | 43 | $ 3,170,000 | $ 73,720 | $ 46,000 |
| McMinn, Tennessee | 43 | $ 2,629,000 | $ 61,139 | $ 44,000 |
| Williamson, Tennessee | 43 | $ 5,919,000 | $ 137,651 | $ 133,000 |
| Maury, Tennessee | 42 | $ 3,569,000 | $ 84,976 | $ 42,000 |
| Cocke, Tennessee | 41 | $ 2,561,000 | $ 62,463 | $ 36,000 |
| Hawkins, Tennessee | 41 | $ 3,356,000 | $ 81,853 | $ 39,000 |
| Monroe, Tennessee | 40 | $ 3,184,000 | $ 79,600 | $ 50,000 |
| Montgomery, Tennessee | 40 | $ 3,092,000 | $ 77,300 | $ 36,000 |
| Hamblen, Tennessee | 39 | $ 3,084,000 | $ 79,076 | $ 43,000 |
| Loudon, Tennessee | 39 | $ 2,730,000 | $ 70,000 | $ 49,000 |
| Campbell, Tennessee | 38 | $ 2,056,000 | $ 54,105 | $ 34,000 |
| Humphreys, Tennessee | 35 | $ 2,383,000 | $ 68,085 | $ 47,000 |
| Cumberland, Tennessee | 34 | $ 2,094,000 | $ 61,588 | $ 38,000 |
| Sullivan, Tennessee | 34 | $ 2,735,000 | $ 80,441 | $ 42,000 |
| Lawrence, Tennessee | 31 | $ 2,340,000 | $ 75,483 | $ 38,000 |
| Claiborne, Tennessee | 30 | $ 1,695,000 | $ 56,500 | $ 33,000 |
| Rhea, Tennessee | 29 | $ 1,869,000 | $ 64,448 | $ 36,000 |
| Washington, Tennessee | 27 | $ 2,126,000 | $ 78,740 | $ 43,000 |
| Bedford, Tennessee | 24 | $ 1,883,000 | $ 78,458 | $ 42,000 |
| Coffee, Tennessee | 21 | $ 1,648,000 | $ 78,476 | $ 39,000 |
| Union, Tennessee | 21 | $ 1,530,000 | $ 72,857 | $ 72,000 |
| Giles, Tennessee | 18 | $ 1,234,000 | $ 68,555 | $ 55,000 |
| Hickman, Tennessee | 18 | $ 1,217,000 | $ 67,611 | $ 45,000 |
| Marshall, Tennessee | 18 | $ 1,590,000 | $ 88,333 | $ 50,000 |
| Smith, Tennessee | 18 | $ 1,293,000 | $ 71,833 | $ 37,000 |
| Carter, Tennessee | 17 | $ 1,200,000 | $ 70,588 | $ 48,000 |
| Marion, Tennessee | 17 | $ 1,175,000 | $ 69,117 | $ 49,000 |
| Polk, Tennessee | 17 | $ 1,441,000 | $ 84,764 | $ 48,000 |
| Grainger, Tennessee | 15 | $ 1,017,000 | $ 67,800 | $ 34,000 |
| Scott, Tennessee | 14 | $ 931,000 | $ 66,500 | $ 46,000 |
| Warren, Tennessee | 14 | $ 850,000 | $ 60,714 | $ 35,000 |
| Lincoln, Tennessee | 13 | $ 753,000 | $ 57,923 | $ 36,000 |
| Meigs, Tennessee | 12 | $ 760,000 | $ 63,333 | $ 30,000 |
| Madison, Tennessee | 11 | $ 734,000 | $ 66,727 | $ 60,000 |
| Putnam, Tennessee | 11 | $ 822,000 | $ 74,727 | $ 35,000 |
| Catoosa, Georgia | 10 | $ 986,000 | $ 98,600 | $ 55,000 |
| Macon, Tennessee | 10 | $ 718,000 | $ 71,800 | $ 47,000 |
| Stewart, Tennessee | 10 | $ 973,000 | $ 97,300 | $ 154,000 |
| Cannon, Tennessee | 9 | $ 783,000 | $ 87,000 | $ 49,000 |
| DeKalb, Tennessee | 9 | $ 855,000 | $ 95,000 | $ 56,000 |
| Franklin, Tennessee | 9 | $ 660,000 | $ 73,333 | $ 40,000 |
| Gibson, Tennessee | 9 | $ 548,000 | $ 60,888 | $ 31,000 |
| Sequatchie, Tennessee | 9 | $ 860,000 | $ 95,555 | $ 45,000 |
| Tipton, Tennessee | 9 | $ 633,000 | $ 70,333 | $ 43,000 |
| Walker, Georgia | 8 | $ 703,000 | $ 87,875 | $ 41,000 |
| Benton, Tennessee | 8 | $ 811,000 | $ 101,375 | $ 58,000 |
| Johnson, Tennessee | 8 | $ 946,000 | $ 118,250 | $ 135,000 |
| Trousdale, Tennessee | 8 | $ 537,000 | $ 67,125 | $ 44,000 |
| White, Tennessee | 8 | $ 431,000 | $ 53,875 | $ 28,000 |
| Fayette, Tennessee | 7 | $ 458,000 | $ 65,428 | $ 33,000 |
| Bledsoe, Tennessee | 6 | $ 470,000 | $ 78,333 | $ 67,000 |
| Hancock, Tennessee | 6 | $ 401,000 | $ 66,833 | $ 43,000 |
| Lewis, Tennessee | 6 | $ 446,000 | $ 74,333 | $ 38,000 |
| Henderson, Tennessee | 5 | $ 294,000 | $ 58,800 | $ 36,000 |
| Morgan, Tennessee | 5 | $ 328,000 | $ 65,600 | $ 55,000 |
| Pickett, Tennessee | 5 | $ 345,000 | $ 69,000 | $ 49,000 |
| Whitfield, Georgia | 4 | $ 458,000 | $ 114,500 | $ 44,000 |
| Carroll, Tennessee | 3 | $ 212,000 | $ 70,666 | $ 39,000 |
| Chester, Tennessee | 3 | $ 161,000 | $ 53,666 | $ 37,000 |
| Clay, Tennessee | 3 | $ 181,000 | $ 60,333 | $ 40,000 |
| Henry, Tennessee | 3 | $ 235,000 | $ 78,333 | $ 26,000 |
| Houston, Tennessee | 3 | $ 176,000 | $ 58,666 | $ 30,000 |
| Overton, Tennessee | 3 | $ 186,000 | $ 62,000 | $ 40,000 |
| Perry, Tennessee | 3 | $ 138,000 | $ 46,000 | $ 43,000 |
| Unicoi, Tennessee | 3 | $ 178,000 | $ 59,333 | $ 20,000 |
| Wayne, Tennessee | 3 | $ 145,000 | $ 48,333 | $ 21,000 |
| Murray, Georgia | 2 | $ 174,000 | $ 87,000 | $ 41,000 |
| Clark, Indiana | 2 | $ 152,000 | $ 76,000 | $ 48,000 |
| Christian, Kentucky | 2 | $ 100,000 | $ 50,000 | $ 18,000 |
| Muhlenberg, Kentucky | 2 | $ 76,000 | $ 38,000 | $ 30,000 |
| Ohio, Kentucky | 2 | $ 90,000 | $ 45,000 | $ 52,000 |
| Simpson, Kentucky | 2 | $ 144,000 | $ 72,000 | $ 46,000 |
| Crockett, Tennessee | 2 | $ 99,000 | $ 49,500 | $ 23,000 |
| Fentress, Tennessee | 2 | $ 136,000 | $ 68,000 | $ 29,000 |
| Grundy, Tennessee | 2 | $ 201,000 | $ 100,500 | $ 39,000 |
| Hardeman, Tennessee | 2 | $ 182,000 | $ 91,000 | $ 27,000 |
| Lauderdale, Tennessee | 2 | $ 131,000 | $ 65,500 | $ 55,000 |
| McNairy, Tennessee | 2 | $ 102,000 | $ 51,000 | $ 30,000 |
| Obion, Tennessee | 2 | $ 167,000 | $ 83,500 | $ 29,000 |
| Washington, Virginia | 2 | $ 517,000 | $ 258,500 | $ 59,000 |
| Crittenden, Arkansas | 1 | $ 30,000 | $ 30,000 | $ 120,000 |
| Denver, Colorado | 1 | $ 86,000 | $ 86,000 | $ 4,493,000 |
| Broward, Florida | 1 | $ 195,000 | $ 195,000 | $ 54,000 |
| Carroll, Georgia | 1 | $ 116,000 | $ 116,000 | $ 44,000 |
| Dade, Georgia | 1 | $ 65,000 | $ 65,000 | $ 57,000 |
| Paulding, Georgia | 1 | $ 100,000 | $ 100,000 | $ 31,000 |
| Rockdale, Georgia | 1 | $ 211,000 | $ 211,000 | $ 127,000 |
| Marion, Indiana | 1 | $ 138,000 | $ 138,000 | $ 36,000 |
| Owen, Indiana | 1 | $ 60,000 | $ 60,000 | $ 38,000 |
| Allen, Kentucky | 1 | $ 60,000 | $ 60,000 | $ 69,000 |
| Graves, Kentucky | 1 | $ 66,000 | $ 66,000 | $ 40,000 |
| Hardin, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 45,000 |
| Jefferson, Kentucky | 1 | $ 92,000 | $ 92,000 | $ 46,000 |
| Letcher, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 46,000 |
| Logan, Kentucky | 1 | $ 47,000 | $ 47,000 | $ 45,000 |
| Monroe, Kentucky | 1 | $ 64,000 | $ 64,000 | $ 34,000 |
| Oldham, Kentucky | 1 | $ 68,000 | $ 68,000 | $ 48,000 |
| Todd, Kentucky | 1 | $ 61,000 | $ 61,000 | $ 45,000 |
| Warren, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 24,000 |
| Prince George's, Maryland | 1 | $ 180,000 | $ 180,000 | $ 78,000 |
| Douglas, Minnesota | 1 | $ 84,000 | $ 84,000 | $ 44,000 |
| DeSoto, Mississippi | 1 | $ 88,000 | $ 88,000 | $ 30,000 |
| Sunflower, Mississippi | 1 | $ 30,000 | $ 30,000 | $ 31,000 |
| Warren, Mississippi | 1 | $ 84,000 | $ 84,000 | $ 60,000 |
| Surry, North Carolina | 1 | $ 63,000 | $ 63,000 | $ 22,000 |
| Butler, Ohio | 1 | $ 111,000 | $ 111,000 | $ 46,000 |
| Hamilton, Ohio | 1 | $ 64,000 | $ 64,000 | $ 36,000 |
| Decatur, Tennessee | 1 | $ 64,000 | $ 64,000 | $ 27,000 |
| Dyer, Tennessee | 1 | $ 69,000 | $ 69,000 | $ 80,000 |
| Hardin, Tennessee | 1 | $ 47,000 | $ 47,000 | $ 18,000 |
| Jackson, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 50,000 |
| Weakley, Tennessee | 1 | $ 54,000 | $ 54,000 | $ 19,000 |
| Bristol, Virginia | 1 | $ 136,000 | $ 136,000 | $ 31,000 |
| Fairfax, Virginia | 1 | $ 340,000 | $ 340,000 | $ 130,000 |
| Scott, Virginia | 1 | $ 72,000 | $ 72,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for The Cit Group/Consumer Finance in 2003
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 (home purchase or home improvement, one-to-four family) | 2,187 | $191,219,000 | $100,333 | $1,142,000 | $46,500 | $912,000 |
| Home Purchase (one-to-four family) | 732 | $58,586,000 | $103,000 | $550,000 | $63,571 | $780,000 |
| Home Improvement (one-to-four family) | 368 | $30,133,000 | $84,333 | $468,000 | $1,530,000 | $4,493,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 |
|---|---|---|---|---|---|---|
| White | 1,885 | $157,538,000 | $111,000 | $1,142,000 | $56,571 | $768,000 |
| Information not provided by applicant in mail or telephone application | 1,068 | $94,469,000 | $102,181 | $926,000 | $46,818 | $912,000 |
| Black | 291 | $23,883,000 | $49,500 | $243,000 | $61,500 | $461,000 |
| Other | 19 | $1,849,000 | $103,000 | $182,000 | $50,666 | $216,000 |
| Hispanic | 14 | $1,301,000 | $85,333 | $189,000 | $1,521,666 | $4,493,000 |
| Asian or Pacific Islander | 8 | $754,000 | $94,000 | $240,000 | $56,000 | $120,000 |
| American Indian or Alaskan Native | 2 | $144,000 | $72,000 | $73,000 | $44,000 | $62,000 |
| Not applicable | 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) | 3,287 | $279,938,000 | $100,428 | $1,142,000 | $370,714 | $4,493,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 1,161 | $98,359,000 | $66,000 | $492,000 | $51,333 | $702,000 |
| Application Denied By Financial Institution | 880 | $69,208,000 | $76,000 | $517,000 | $36,625 | $480,000 |
| Loan Originated | 698 | $57,115,000 | $81,000 | $400,000 | $51,000 | $768,000 |
| Application Withdrawn By Applicant | 548 | $55,256,000 | $105,785 | $1,142,000 | $372,428 | $4,493,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| 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 The Cit Group/Consumer Finance's 2003 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 The Cit Group/Consumer Finance'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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