The Cit Group/Consumer Finance Mortgage Lending & HMDA Data, 2005
In 2005, The Cit Group/Consumer Finance of Livingston, NJ reported 2,290 mortgage applications totaling $218.6 million, down 20% from 2004. The average application was for $95,459, and applicants reported an average income of $55,063. 31% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Nashville-Davidson--Murfreesboro, TN (663), Chattanooga, TN-GA (358) and Knoxville, TN (251) (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 | 2,290 |
| Total Mortgage Loan Application Amount | $218,602,000 |
| Average Mortgage Loan Application Amount | $95,459 |
| Highest Mortgage Loan Application Amount | $971,000 |
| Average Applicant Income | $55,063 |
| 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records The Cit Group/Consumer Finance filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro, TN | 663 | $ 73,784,000 | $ 111,288 | $ 72,000 |
| Chattanooga, TN-GA | 358 | $ 34,140,000 | $ 95,363 | $ 52,000 |
| Knoxville, TN | 251 | $ 23,941,000 | $ 95,382 | $ 55,000 |
| Memphis, TN-MS-AR | 204 | $ 19,738,000 | $ 96,754 | $ 67,000 |
| Morristown, TN | 79 | $ 6,290,000 | $ 79,620 | $ 36,000 |
| Cleveland, TN | 74 | $ 5,994,000 | $ 81,000 | $ 41,000 |
| Kingsport-Bristol-Bristol, TN-VA | 59 | $ 4,310,000 | $ 73,050 | $ 41,000 |
| Jackson, TN | 28 | $ 2,037,000 | $ 72,750 | $ 43,000 |
| Clarksville, TN-KY | 26 | $ 2,705,000 | $ 104,038 | $ 62,000 |
| Johnson City, TN | 18 | $ 1,459,000 | $ 81,055 | $ 42,000 |
| Dalton, GA | 8 | $ 923,000 | $ 115,375 | $ 48,000 |
| Bowling Green, KY | 2 | $ 199,000 | $ 99,500 | $ 43,000 |
| Lynchburg, VA | 2 | $ 142,000 | $ 71,000 | $ 32,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 407,000 | $ 407,000 | $ 77,000 |
| Flint, MI | 1 | $ 60,000 | $ 60,000 | $ 20,000 |
| Fort Smith, AR-OK | 1 | $ 180,000 | $ 180,000 | $ 50,000 |
| Gainesville, GA | 1 | $ 100,000 | $ 100,000 | $ 180,000 |
| Little Rock-North Little Rock, AR | 1 | $ 30,000 | $ 30,000 | $ 216,000 |
| New York-Wayne-White Plains, NY-NJ | 1 | $ 100,000 | $ 100,000 | $ 51,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 199,000 | $ 199,000 | $ 67,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 293,000 | $ 293,000 | $ 78,000 |
| St. Louis, MO-IL | 1 | $ 90,000 | $ 90,000 | $ 24,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 100,000 | $ 100,000 | $ 265,000 |
| Toledo, OH | 1 | $ 160,000 | $ 160,000 | $ 81,000 |
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,298 | $124,489,000 | $101,300 | $671,000 | $88,400 | $1,568,000 |
| Home Purchase | 666 | $58,304,000 | $104,833 | $779,000 | $48,833 | $3,600,000 |
| Home Improvement | 326 | $35,809,000 | $170,000 | $971,000 | $62,666 | $660,000 |
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 | 1,507 | $147,482,000 | $105,500 | $971,000 | $60,500 | $3,600,000 |
| Not Provided | 380 | $34,837,000 | $119,625 | $616,000 | $84,625 | $1,214,000 |
| Black or African American | 363 | $32,548,000 | $106,000 | $505,000 | $47,200 | $338,000 |
| Hispanic | 24 | $2,304,000 | $96,000 | $166,000 | $47,000 | $146,000 |
| Asian | 12 | $1,155,000 | $96,000 | $207,000 | $66,000 | $162,000 |
| American Indian or Alaskan Native | 3 | $207,000 | $69,000 | $69,000 | $120,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $69,000 | $69,000 | $69,000 | $60,000 | $60,000 |
| 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) | 2,290 | $218,602,000 | $111,727 | $971,000 | $78,454 | $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 | 725 | $67,409,000 | $92,000 | $691,000 | $53,000 | $1,214,000 |
| Loan Originated | 714 | $67,728,000 | $94,000 | $580,000 | $52,000 | $632,000 |
| Application Denied By Financial Institution | 494 | $44,576,000 | $95,000 | $686,000 | $37,250 | $3,600,000 |
| Application Withdrawn By Applicant | 357 | $38,889,000 | $119,400 | $971,000 | $88,800 | $1,800,000 |
| 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 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