American Bank Mortgage Lending & HMDA Data, 2005
In 2005, American Bank of Greenbelt, MD reported 1,113 mortgage applications totaling $251.4 million, up 1% from 2004. The average application was for $225,840, and applicants reported an average income of $85,923. 81% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Bethesda-Frederick-Gaithersburg, MD (131), Baltimore-Towson, MD (101) and Virginia Beach-Norfolk-Newport News, VA-NC (43) (applications in parentheses).
| Mortgage Company & Address | American Bank 9001 Edmonston Road, Suite 100 Greenbelt, MD 20770 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,113 |
| Total Mortgage Loan Application Amount | $251,360,000 |
| Average Mortgage Loan Application Amount | $225,840 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $85,923 |
| Highest Applicant Income | $964,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fairfax, Virginia | 248 | $ 59,220,000 | $ 238,790 | $ 79,000 |
| Prince William, Virginia | 170 | $ 38,387,000 | $ 225,805 | $ 74,000 |
| Montgomery, Maryland | 109 | $ 30,098,000 | $ 276,128 | $ 94,000 |
| Prince George's, Maryland | 98 | $ 19,286,000 | $ 196,795 | $ 79,000 |
| Loudoun, Virginia | 60 | $ 15,538,000 | $ 258,966 | $ 102,000 |
| Anne Arundel, Maryland | 50 | $ 12,302,000 | $ 246,040 | $ 91,000 |
| District of Columbia, District Of Columbia | 41 | $ 12,815,000 | $ 312,560 | $ 155,000 |
| Manassas, Virginia | 36 | $ 5,890,000 | $ 163,611 | $ 62,000 |
| Baltimore, Maryland | 22 | $ 3,690,000 | $ 167,727 | $ 87,000 |
| Frederick, Maryland | 22 | $ 4,268,000 | $ 194,000 | $ 93,000 |
| Worcester, Maryland | 17 | $ 4,550,000 | $ 267,647 | $ 134,000 |
| Arlington, Virginia | 16 | $ 3,793,000 | $ 237,062 | $ 73,000 |
| Alexandria, Virginia | 15 | $ 2,375,000 | $ 158,333 | $ 51,000 |
| Chesapeake, Virginia | 15 | $ 3,111,000 | $ 207,400 | $ 93,000 |
| Stafford, Virginia | 13 | $ 2,683,000 | $ 206,384 | $ 76,000 |
| Virginia Beach, Virginia | 13 | $ 1,819,000 | $ 139,923 | $ 78,000 |
| Manassas Park, Virginia | 12 | $ 2,372,000 | $ 197,666 | $ 62,000 |
| Kent, Delaware | 11 | $ 1,644,000 | $ 149,454 | $ 65,000 |
| Baltimore City, Maryland | 10 | $ 1,462,000 | $ 146,200 | $ 87,000 |
| Howard, Maryland | 10 | $ 2,013,000 | $ 201,300 | $ 141,000 |
| Fairfax City, Virginia | 9 | $ 2,066,000 | $ 229,555 | $ 45,000 |
| Frederick, Virginia | 8 | $ 992,000 | $ 124,000 | $ 69,000 |
| Spotsylvania, Virginia | 8 | $ 1,795,000 | $ 224,375 | $ 48,000 |
| Caroline, Virginia | 7 | $ 954,000 | $ 136,285 | $ 62,000 |
| New Castle, Delaware | 6 | $ 707,000 | $ 117,833 | $ 53,000 |
| Culpeper, Virginia | 6 | $ 963,000 | $ 160,500 | $ 40,000 |
| Falls Church, Virginia | 6 | $ 1,400,000 | $ 233,333 | $ 47,000 |
| Hampton, Virginia | 6 | $ 594,000 | $ 99,000 | $ 61,000 |
| Sussex, Delaware | 4 | $ 679,000 | $ 169,750 | $ 24,000 |
| Carroll, Maryland | 4 | $ 1,071,000 | $ 267,750 | $ 106,000 |
| Charles, Maryland | 4 | $ 1,018,000 | $ 254,500 | $ 133,000 |
| Norfolk, Virginia | 4 | $ 508,000 | $ 127,000 | $ 30,000 |
| Queen Anne's, Maryland | 3 | $ 516,000 | $ 172,000 | $ 76,000 |
| Newport News, Virginia | 3 | $ 1,010,000 | $ 336,666 | $ 108,000 |
| Orange, Virginia | 3 | $ 774,000 | $ 258,000 | $ 32,000 |
| Harford, Maryland | 2 | $ 779,000 | $ 389,500 | $ 76,000 |
| Wicomico, Maryland | 2 | $ 484,000 | $ 242,000 | $ 45,000 |
| Adams, Pennsylvania | 2 | $ 582,000 | $ 291,000 | $ 146,000 |
| Chester, Pennsylvania | 2 | $ 167,000 | $ 83,500 | $ 82,000 |
| Lancaster, Pennsylvania | 2 | $ 214,000 | $ 107,000 | $ 60,000 |
| Philadelphia, Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 90,000 |
| Washington, Pennsylvania | 2 | $ 516,000 | $ 258,000 | $ 113,000 |
| York, Pennsylvania | 2 | $ 482,000 | $ 241,000 | $ 145,000 |
| Richland, South Carolina | 2 | $ 194,000 | $ 97,000 | $ 57,000 |
| Botetourt, Virginia | 2 | $ 162,000 | $ 81,000 | $ 75,000 |
| Chesterfield, Virginia | 2 | $ 358,000 | $ 179,000 | $ 99,000 |
| Fauquier, Virginia | 2 | $ 250,000 | $ 125,000 | $ 56,000 |
| Roanoke City, Virginia | 2 | $ 325,000 | $ 162,500 | $ 175,000 |
| Suffolk, Virginia | 2 | $ 463,000 | $ 231,500 | $ 113,000 |
| Calvert, Maryland | 1 | $ 180,000 | $ 180,000 | $ 82,000 |
| Caroline, Maryland | 1 | $ 176,000 | $ 176,000 | $ 0 |
| Dorchester, Maryland | 1 | $ 120,000 | $ 120,000 | $ 55,000 |
| Kent, Maryland | 1 | $ 270,000 | $ 270,000 | $ 0 |
| St. Mary's, Maryland | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Talbot, Maryland | 1 | $ 358,000 | $ 358,000 | $ 0 |
| Craven, North Carolina | 1 | $ 263,000 | $ 263,000 | $ 72,000 |
| Durham, North Carolina | 1 | $ 161,000 | $ 161,000 | $ 182,000 |
| Auglaize, Ohio | 1 | $ 139,000 | $ 139,000 | $ 130,000 |
| Franklin, Ohio | 1 | $ 234,000 | $ 234,000 | $ 103,000 |
| Hanover, Virginia | 1 | $ 188,000 | $ 188,000 | $ 88,000 |
| Westmoreland, Virginia | 1 | $ 264,000 | $ 264,000 | $ 363,000 |
| Tucker, West Virginia | 1 | $ 327,000 | $ 327,000 | $ 0 |
Mortgage Loan Application Detail Totals for American Bank 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 | 855 | $181,607,000 | $238,000 | $800,000 | $93,333 | $964,000 |
| Refinancing | 258 | $69,753,000 | $238,428 | $1,000,000 | $99,000 | $420,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 609 | $128,005,000 | $189,200 | $788,000 | $81,800 | $700,000 |
| White | 304 | $76,394,000 | $222,222 | $1,000,000 | $98,555 | $964,000 |
| Black or African American | 126 | $29,174,000 | $218,400 | $889,000 | $102,600 | $299,000 |
| Not Provided | 41 | $9,327,000 | $161,800 | $730,000 | $72,000 | $333,000 |
| Asian | 27 | $7,120,000 | $357,000 | $720,000 | $118,250 | $220,000 |
| American Indian or Alaskan Native | 4 | $953,000 | $238,000 | $400,000 | $133,500 | $218,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $387,000 | $193,000 | $248,000 | $24,000 | $48,000 |
| 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) | 1,113 | $251,360,000 | $246,500 | $1,000,000 | $92,400 | $964,000 |
| 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 Originated | 897 | $199,034,000 | $192,625 | $889,000 | $96,375 | $964,000 |
| Application Approved But Not Accepted | 97 | $21,757,000 | $209,250 | $881,000 | $74,500 | $330,000 |
| Application Denied By Financial Institution | 80 | $20,319,000 | $323,250 | $750,000 | $96,000 | $279,000 |
| Application Withdrawn By Applicant | 37 | $9,935,000 | $330,600 | $1,000,000 | $117,600 | $420,000 |
| File Closed For Incompleteness | 2 | $315,000 | $157,000 | $252,000 | $68,000 | $68,000 |
| 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 | 26 | $6,180,000 | $223,500 | $641,000 | $94,500 | $216,000 |
| Unverifiable Information | 19 | $4,865,000 | $236,500 | $648,000 | $86,500 | $150,000 |
| Credit History | 17 | $3,640,000 | $216,000 | $584,000 | $96,500 | $188,000 |
| Other | 7 | $2,483,000 | $358,000 | $750,000 | $128,000 | $279,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,269,000 | $324,500 | $650,000 | $106,750 | $195,000 |
| Debt-To-Income Ratio | 4 | $882,000 | $220,000 | $360,000 | $86,000 | $90,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Bank'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 American Bank'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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