The Cit Group/Consumer Finance Mortgage Lending & HMDA Data, 2005
In 2005, The Cit Group/Consumer Finance of Livingston, NJ reported 1,356 mortgage applications totaling $358.5 million, up 9% from 2004. The average application was for $264,401, and applicants reported an average income of $92,680. 14% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (742), Nassau-Suffolk, NY (330) and Albany-Schenectady-Troy, NY (64) (applications in parentheses).
| Mortgage Company & Address | The Cit Group/Consumer Finance 1 Cit Drive Livingston, NJ 07039 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,356 |
| Total Mortgage Loan Application Amount | $358,528,000 |
| Average Mortgage Loan Application Amount | $264,401 |
| Highest Mortgage Loan Application Amount | $1,304,000 |
| Average Applicant Income | $92,680 |
| Highest Applicant Income | $2,772,000 |
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records The Cit Group/Consumer Finance filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Queens, New York | 254 | $ 79,991,000 | $ 314,925 | $ 105,000 |
| Kings, New York | 195 | $ 70,154,000 | $ 359,764 | $ 118,000 |
| Suffolk, New York | 189 | $ 49,650,000 | $ 262,698 | $ 125,000 |
| Nassau, New York | 141 | $ 36,582,000 | $ 259,446 | $ 102,000 |
| Westchester, New York | 97 | $ 29,588,000 | $ 305,030 | $ 139,000 |
| Bronx, New York | 90 | $ 28,412,000 | $ 315,688 | $ 94,000 |
| Rockland, New York | 43 | $ 11,432,000 | $ 265,860 | $ 228,000 |
| Richmond, New York | 40 | $ 9,609,000 | $ 240,225 | $ 94,000 |
| Orange, New York | 35 | $ 6,328,000 | $ 180,800 | $ 64,000 |
| Erie, New York | 34 | $ 2,834,000 | $ 83,352 | $ 52,000 |
| Schenectady, New York | 24 | $ 2,357,000 | $ 98,208 | $ 46,000 |
| Dutchess, New York | 22 | $ 4,140,000 | $ 188,181 | $ 69,000 |
| Monroe, New York | 22 | $ 2,426,000 | $ 110,272 | $ 41,000 |
| Albany, New York | 21 | $ 3,477,000 | $ 165,571 | $ 64,000 |
| Putnam, New York | 13 | $ 2,605,000 | $ 200,384 | $ 144,000 |
| New York, New York | 11 | $ 5,853,000 | $ 532,090 | $ 237,000 |
| Onondaga, New York | 11 | $ 903,000 | $ 82,090 | $ 0 |
| Saratoga, New York | 11 | $ 1,335,000 | $ 121,363 | $ 10,000 |
| Sullivan, New York | 8 | $ 1,082,000 | $ 135,250 | $ 77,000 |
| Ulster, New York | 8 | $ 1,333,000 | $ 166,625 | $ 72,000 |
| Washington, New York | 7 | $ 652,000 | $ 93,142 | $ 23,000 |
| Rensselaer, New York | 6 | $ 839,000 | $ 139,833 | $ 15,000 |
| Fulton, New York | 5 | $ 621,000 | $ 124,200 | $ 32,000 |
| Greene, New York | 5 | $ 725,000 | $ 145,000 | $ 42,000 |
| Herkimer, New York | 5 | $ 280,000 | $ 56,000 | $ 20,000 |
| Warren, New York | 5 | $ 538,000 | $ 107,600 | $ 20,000 |
| Columbia, New York | 4 | $ 538,000 | $ 134,500 | $ 19,000 |
| Delaware, New York | 4 | $ 316,000 | $ 79,000 | $ 33,000 |
| Jefferson, New York | 4 | $ 296,000 | $ 74,000 | $ 33,000 |
| Montgomery, New York | 4 | $ 282,000 | $ 70,500 | $ 0 |
| Cattaraugus, New York | 3 | $ 127,000 | $ 42,333 | $ 33,000 |
| Chenango, New York | 3 | $ 231,000 | $ 77,000 | $ 48,000 |
| Niagara, New York | 3 | $ 232,000 | $ 77,333 | $ 6,000 |
| Oneida, New York | 3 | $ 305,000 | $ 101,666 | $ 23,000 |
| Oswego, New York | 3 | $ 215,000 | $ 71,666 | $ 34,000 |
| Broome, New York | 2 | $ 178,000 | $ 89,000 | $ 32,000 |
| Cayuga, New York | 2 | $ 250,000 | $ 125,000 | $ 25,000 |
| Essex, New York | 2 | $ 222,000 | $ 111,000 | $ 0 |
| Schoharie, New York | 2 | $ 179,000 | $ 89,500 | $ 0 |
| Steuben, New York | 2 | $ 125,000 | $ 62,500 | $ 19,000 |
| Tioga, New York | 2 | $ 259,000 | $ 129,500 | $ 0 |
| Essex, New Jersey | 1 | $ 29,000 | $ 29,000 | $ 99,000 |
| Chautauqua, New York | 1 | $ 39,000 | $ 39,000 | $ 0 |
| Clinton, New York | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Franklin, New York | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Madison, New York | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Ontario, New York | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Orleans, New York | 1 | $ 54,000 | $ 54,000 | $ 0 |
| Seneca, New York | 1 | $ 63,000 | $ 63,000 | $ 44,000 |
| St. Lawrence, New York | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Tompkins, New York | 1 | $ 124,000 | $ 124,000 | $ 0 |
| Wayne, New York | 1 | $ 102,000 | $ 102,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Cit Group/Consumer Finance in 2005
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 | 862 | $215,739,000 | $139,500 | $980,000 | $89,500 | $2,772,000 |
| Refinancing | 266 | $71,124,000 | $267,000 | $1,304,000 | $112,000 | $720,000 |
| Home Improvement | 228 | $71,665,000 | $314,000 | $725,000 | $118,000 | $782,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 541 | $132,775,000 | $245,000 | $738,000 | $0 | $0 |
| White | 297 | $72,064,000 | $242,000 | $1,304,000 | $118,000 | $2,772,000 |
| Black or African American | 201 | $59,162,000 | $294,000 | $784,000 | $85,000 | $252,000 |
| Not Provided | 153 | $46,716,000 | $305,000 | $794,000 | $135,000 | $782,000 |
| Hispanic | 96 | $29,650,000 | $170,000 | $674,000 | $99,500 | $359,000 |
| Asian | 60 | $16,554,000 | $275,000 | $648,000 | $121,000 | $637,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $833,000 | $166,000 | $488,000 | $97,000 | $167,000 |
| American Indian or Alaskan Native | 3 | $774,000 | $258,000 | $499,000 | $107,000 | $119,000 |
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) | 1,356 | $358,528,000 | $146,500 | $1,304,000 | $99,500 | $2,772,000 |
| 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 | 631 | $156,330,000 | $247,000 | $800,000 | $0 | $0 |
| Application Approved But Not Accepted | 217 | $56,856,000 | $146,000 | $674,000 | $98,000 | $296,000 |
| Loan Originated | 195 | $49,855,000 | $255,000 | $660,000 | $140,000 | $2,772,000 |
| Application Withdrawn By Applicant | 189 | $60,777,000 | $321,000 | $1,304,000 | $120,000 | $646,000 |
| Application Denied By Financial Institution | 124 | $34,710,000 | $279,000 | $836,000 | $126,000 | $720,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2005 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About