The Cit Group/Consumer Finance Mortgage Lending & HMDA Data, 2004
In 2004, The Cit Group/Consumer Finance of Livingston, NJ reported 2,874 mortgage applications totaling $256.9 million. The average application was for $89,392, and applicants reported an average income of $52,044. 23% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Nashville-Davidson--Murfreesboro, TN (774), Chattanooga, TN-GA (375) and Knoxville, TN (367) (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 | 2,874 |
| Total Mortgage Loan Application Amount | $256,915,000 |
| Average Mortgage Loan Application Amount | $89,392 |
| Highest Mortgage Loan Application Amount | $2,550,000 |
| Average Applicant Income | $52,044 |
| Highest Applicant Income | $3,600,000 |
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records The Cit Group/Consumer Finance filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 333 | $ 28,799,000 | $ 86,483 | $ 64,000 |
| Davidson, Tennessee | 313 | $ 38,599,000 | $ 123,319 | $ 83,000 |
| Shelby, Tennessee | 189 | $ 15,712,000 | $ 83,132 | $ 68,000 |
| Knox, Tennessee | 184 | $ 17,155,000 | $ 93,233 | $ 60,000 |
| Sumner, Tennessee | 103 | $ 13,519,000 | $ 131,252 | $ 82,000 |
| Rutherford, Tennessee | 101 | $ 10,060,000 | $ 99,603 | $ 59,000 |
| Blount, Tennessee | 81 | $ 7,197,000 | $ 88,851 | $ 48,000 |
| Bradley, Tennessee | 78 | $ 6,307,000 | $ 80,858 | $ 49,000 |
| Wilson, Tennessee | 53 | $ 5,651,000 | $ 106,622 | $ 56,000 |
| Tipton, Tennessee | 50 | $ 4,127,000 | $ 82,540 | $ 35,000 |
| Williamson, Tennessee | 50 | $ 8,056,000 | $ 161,120 | $ 91,000 |
| Jefferson, Tennessee | 49 | $ 3,677,000 | $ 75,040 | $ 38,000 |
| Maury, Tennessee | 48 | $ 3,893,000 | $ 81,104 | $ 63,000 |
| Loudon, Tennessee | 44 | $ 3,467,000 | $ 78,795 | $ 126,000 |
| Robertson, Tennessee | 43 | $ 3,740,000 | $ 86,976 | $ 61,000 |
| Sevier, Tennessee | 42 | $ 4,670,000 | $ 111,190 | $ 97,000 |
| McMinn, Tennessee | 36 | $ 2,680,000 | $ 74,444 | $ 43,000 |
| Madison, Tennessee | 35 | $ 2,591,000 | $ 74,028 | $ 51,000 |
| Sullivan, Tennessee | 35 | $ 2,582,000 | $ 73,771 | $ 48,000 |
| Montgomery, Tennessee | 34 | $ 2,911,000 | $ 85,617 | $ 54,000 |
| Anderson, Tennessee | 33 | $ 2,397,000 | $ 72,636 | $ 46,000 |
| Dickson, Tennessee | 33 | $ 3,354,000 | $ 101,636 | $ 51,000 |
| Hickman, Tennessee | 30 | $ 2,085,000 | $ 69,500 | $ 40,000 |
| Monroe, Tennessee | 30 | $ 2,062,000 | $ 68,733 | $ 43,000 |
| Humphreys, Tennessee | 28 | $ 1,960,000 | $ 70,000 | $ 44,000 |
| Washington, Tennessee | 28 | $ 2,390,000 | $ 85,357 | $ 42,000 |
| Cheatham, Tennessee | 27 | $ 2,585,000 | $ 95,740 | $ 48,000 |
| Rhea, Tennessee | 27 | $ 1,681,000 | $ 62,259 | $ 40,000 |
| Bedford, Tennessee | 26 | $ 2,502,000 | $ 96,230 | $ 56,000 |
| Campbell, Tennessee | 26 | $ 1,688,000 | $ 64,923 | $ 36,000 |
| Marion, Tennessee | 26 | $ 2,160,000 | $ 83,076 | $ 43,000 |
| Roane, Tennessee | 25 | $ 2,179,000 | $ 87,160 | $ 55,000 |
| Union, Tennessee | 25 | $ 1,892,000 | $ 75,680 | $ 40,000 |
| Warren, Tennessee | 25 | $ 1,576,000 | $ 63,040 | $ 33,000 |
| Coffee, Tennessee | 23 | $ 1,770,000 | $ 76,956 | $ 53,000 |
| Hawkins, Tennessee | 23 | $ 1,850,000 | $ 80,434 | $ 48,000 |
| Polk, Tennessee | 23 | $ 1,582,000 | $ 68,782 | $ 34,000 |
| Claiborne, Tennessee | 22 | $ 1,323,000 | $ 60,136 | $ 31,000 |
| Cumberland, Tennessee | 21 | $ 1,505,000 | $ 71,666 | $ 42,000 |
| Hamblen, Tennessee | 21 | $ 1,259,000 | $ 59,952 | $ 33,000 |
| Putnam, Tennessee | 21 | $ 1,748,000 | $ 83,238 | $ 38,000 |
| Greene, Tennessee | 18 | $ 1,357,000 | $ 75,388 | $ 40,000 |
| Lawrence, Tennessee | 18 | $ 969,000 | $ 53,833 | $ 27,000 |
| Sequatchie, Tennessee | 17 | $ 1,271,000 | $ 74,764 | $ 40,000 |
| Cocke, Tennessee | 16 | $ 964,000 | $ 60,250 | $ 37,000 |
| White, Tennessee | 14 | $ 932,000 | $ 66,571 | $ 39,000 |
| Grainger, Tennessee | 13 | $ 777,000 | $ 59,769 | $ 42,000 |
| Hardin, Tennessee | 13 | $ 1,071,000 | $ 82,384 | $ 40,000 |
| Marshall, Tennessee | 13 | $ 974,000 | $ 74,923 | $ 40,000 |
| Carter, Tennessee | 12 | $ 844,000 | $ 70,333 | $ 32,000 |
| Lincoln, Tennessee | 12 | $ 899,000 | $ 74,916 | $ 55,000 |
| Houston, Tennessee | 11 | $ 570,000 | $ 51,818 | $ 36,000 |
| Macon, Tennessee | 11 | $ 834,000 | $ 75,818 | $ 47,000 |
| Benton, Tennessee | 10 | $ 581,000 | $ 58,100 | $ 37,000 |
| Bledsoe, Tennessee | 10 | $ 532,000 | $ 53,200 | $ 39,000 |
| Gibson, Tennessee | 10 | $ 826,000 | $ 82,600 | $ 41,000 |
| Haywood, Tennessee | 10 | $ 458,000 | $ 45,800 | $ 52,000 |
| Lewis, Tennessee | 10 | $ 795,000 | $ 79,500 | $ 43,000 |
| Morgan, Tennessee | 10 | $ 606,000 | $ 60,600 | $ 39,000 |
| Chester, Tennessee | 9 | $ 475,000 | $ 52,777 | $ 26,000 |
| Henry, Tennessee | 9 | $ 396,000 | $ 44,000 | $ 28,000 |
| Carroll, Tennessee | 8 | $ 448,000 | $ 56,000 | $ 30,000 |
| Fayette, Tennessee | 8 | $ 743,000 | $ 92,875 | $ 57,000 |
| Franklin, Tennessee | 8 | $ 724,000 | $ 90,500 | $ 76,000 |
| Giles, Tennessee | 8 | $ 469,000 | $ 58,625 | $ 47,000 |
| McNairy, Tennessee | 8 | $ 450,000 | $ 56,250 | $ 29,000 |
| Meigs, Tennessee | 8 | $ 587,000 | $ 73,375 | $ 51,000 |
| Dyer, Tennessee | 7 | $ 336,000 | $ 48,000 | $ 42,000 |
| Walker, Georgia | 6 | $ 427,000 | $ 71,166 | $ 48,000 |
| Decatur, Tennessee | 6 | $ 450,000 | $ 75,000 | $ 38,000 |
| Henderson, Tennessee | 6 | $ 352,000 | $ 58,666 | $ 33,000 |
| Warren, Kentucky | 5 | $ 386,000 | $ 77,200 | $ 35,000 |
| Lauderdale, Tennessee | 5 | $ 309,000 | $ 61,800 | $ 33,000 |
| Catoosa, Georgia | 4 | $ 323,000 | $ 80,750 | $ 44,000 |
| Jackson, Tennessee | 4 | $ 312,000 | $ 78,000 | $ 43,000 |
| Smith, Tennessee | 4 | $ 285,000 | $ 71,250 | $ 50,000 |
| Trousdale, Tennessee | 4 | $ 369,000 | $ 92,250 | $ 42,000 |
| Whitfield, Georgia | 3 | $ 253,000 | $ 84,333 | $ 33,000 |
| Cook, Illinois | 3 | $ 482,000 | $ 160,666 | $ 143,000 |
| Christian, Kentucky | 3 | $ 174,000 | $ 58,000 | $ 24,000 |
| Cannon, Tennessee | 3 | $ 221,000 | $ 73,666 | $ 28,000 |
| DeKalb, Tennessee | 3 | $ 318,000 | $ 106,000 | $ 44,000 |
| Hardeman, Tennessee | 3 | $ 359,000 | $ 119,666 | $ 30,000 |
| Obion, Tennessee | 3 | $ 176,000 | $ 58,666 | $ 34,000 |
| Perry, Tennessee | 3 | $ 145,000 | $ 48,333 | $ 45,000 |
| Stewart, Tennessee | 3 | $ 154,000 | $ 51,333 | $ 57,000 |
| Weakley, Tennessee | 3 | $ 158,000 | $ 52,666 | $ 33,000 |
| Dade, Georgia | 2 | $ 151,000 | $ 75,500 | $ 105,000 |
| Gordon, Georgia | 2 | $ 210,000 | $ 105,000 | $ 54,000 |
| Marshall, Kentucky | 2 | $ 138,000 | $ 69,000 | $ 47,000 |
| Clay, Tennessee | 2 | $ 130,000 | $ 65,000 | $ 80,000 |
| Crockett, Tennessee | 2 | $ 75,000 | $ 37,500 | $ 30,000 |
| Grundy, Tennessee | 2 | $ 139,000 | $ 69,500 | $ 21,000 |
| Johnson, Tennessee | 2 | $ 119,000 | $ 59,500 | $ 24,000 |
| Overton, Tennessee | 2 | $ 169,000 | $ 84,500 | $ 34,000 |
| Scott, Tennessee | 2 | $ 190,000 | $ 95,000 | $ 39,000 |
| Wayne, Tennessee | 2 | $ 122,000 | $ 61,000 | $ 34,000 |
| Scott, Virginia | 2 | $ 110,000 | $ 55,000 | $ 36,000 |
| Washington, Virginia | 2 | $ 135,000 | $ 67,500 | $ 40,000 |
| Montgomery, Alabama | 1 | $ 50,000 | $ 50,000 | $ 90,000 |
| Shelby, Alabama | 1 | $ 149,000 | $ 149,000 | $ 87,000 |
| Baxter, Arkansas | 1 | $ 108,000 | $ 108,000 | $ 31,000 |
| Benton, Arkansas | 1 | $ 80,000 | $ 80,000 | $ 25,000 |
| Los Angeles, California | 1 | $ 50,000 | $ 50,000 | $ 50,000 |
| Napa, California | 1 | $ 115,000 | $ 115,000 | $ 144,000 |
| Okaloosa, Florida | 1 | $ 56,000 | $ 56,000 | $ 67,000 |
| Volusia, Florida | 1 | $ 59,000 | $ 59,000 | $ 37,000 |
| Washington, Florida | 1 | $ 57,000 | $ 57,000 | $ 34,000 |
| Bartow, Georgia | 1 | $ 108,000 | $ 108,000 | $ 51,000 |
| Carroll, Georgia | 1 | $ 81,000 | $ 81,000 | $ 60,000 |
| Liberty, Georgia | 1 | $ 83,000 | $ 83,000 | $ 41,000 |
| Peach, Georgia | 1 | $ 99,000 | $ 99,000 | $ 46,000 |
| Upson, Georgia | 1 | $ 69,000 | $ 69,000 | $ 31,000 |
| Kane, Illinois | 1 | $ 370,000 | $ 370,000 | $ 30,000 |
| Allen, Kentucky | 1 | $ 61,000 | $ 61,000 | $ 37,000 |
| Bullitt, Kentucky | 1 | $ 170,000 | $ 170,000 | $ 32,000 |
| Carter, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 30,000 |
| Graves, Kentucky | 1 | $ 54,000 | $ 54,000 | $ 25,000 |
| Lyon, Kentucky | 1 | $ 86,000 | $ 86,000 | $ 34,000 |
| McCracken, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 25,000 |
| Livingston, Louisiana | 1 | $ 82,000 | $ 82,000 | $ 42,000 |
| DeSoto, Mississippi | 1 | $ 67,000 | $ 67,000 | $ 61,000 |
| Alamance, North Carolina | 1 | $ 89,000 | $ 89,000 | $ 54,000 |
| Haywood, North Carolina | 1 | $ 104,000 | $ 104,000 | $ 62,000 |
| Onslow, North Carolina | 1 | $ 59,000 | $ 59,000 | $ 36,000 |
| Moore, Tennessee | 1 | $ 62,000 | $ 62,000 | $ 68,000 |
| Pickett, Tennessee | 1 | $ 30,000 | $ 30,000 | $ 36,000 |
| Bristol, Virginia | 1 | $ 76,000 | $ 76,000 | $ 29,000 |
| Dickenson, Virginia | 1 | $ 66,000 | $ 66,000 | $ 44,000 |
| Lee, Virginia | 1 | $ 80,000 | $ 80,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for The Cit Group/Consumer Finance in 2004
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 | 1,657 | $155,318,000 | $86,300 | $2,550,000 | $62,700 | $3,600,000 |
| Home Purchase | 905 | $73,466,000 | $106,600 | $641,000 | $51,700 | $900,000 |
| Home Improvement | 312 | $28,131,000 | $97,333 | $581,000 | $44,333 | $504,000 |
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 | 1,803 | $163,081,000 | $76,111 | $2,550,000 | $46,555 | $3,600,000 |
| Not Provided | 664 | $60,297,000 | $99,100 | $581,000 | $56,600 | $496,000 |
| Black or African American | 331 | $27,175,000 | $116,000 | $480,000 | $64,000 | $438,000 |
| Hispanic | 47 | $4,014,000 | $85,000 | $168,000 | $69,000 | $312,000 |
| Asian | 22 | $1,553,000 | $70,000 | $215,000 | $86,000 | $240,000 |
| American Indian or Alaskan Native | 4 | $563,000 | $140,000 | $228,000 | $71,000 | $156,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $232,000 | $77,000 | $98,000 | $149,000 | $213,000 |
| 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) | 2,874 | $256,915,000 | $90,750 | $2,550,000 | $58,250 | $3,600,000 |
| 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 | 1,065 | $94,143,000 | $101,500 | $653,000 | $98,000 | $1,320,000 |
| Application Denied By Financial Institution | 729 | $58,865,000 | $79,400 | $480,000 | $44,600 | $360,000 |
| Loan Originated | 652 | $56,151,000 | $86,000 | $494,000 | $58,000 | $1,194,000 |
| Application Withdrawn By Applicant | 428 | $47,756,000 | $91,090 | $2,550,000 | $53,727 | $3,600,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 2004 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