Carrollton Bank Mortgage Lending & HMDA Data, 2008
In 2008, Carrollton Bank of Columbia, MD reported 730 mortgage applications totaling $164.7 million, up 147% from 2007. The average application was for $225,561, and applicants reported an average income of $67,361. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Towson, MD (565), Hagerstown-Martinsburg, MD-WV (62) and York-Hanover, PA (27) (applications in parentheses).
| Mortgage Company & Address | Carrollton Bank 7151 Gateway Drive Suite A Columbia, MD 21046 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 730 |
| Total Mortgage Loan Application Amount | $164,660,000 |
| Average Mortgage Loan Application Amount | $225,561 |
| Highest Mortgage Loan Application Amount | $20,000,000 |
| Average Applicant Income | $67,361 |
| Highest Applicant Income | $1,783,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Carrollton Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Carrollton Bank in 2008
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 | 483 | $112,815,000 | $233,000 | $20,000,000 | $72,000 | $1,000,000 |
| Refinancing | 242 | $50,903,000 | $210,000 | $430,000 | $59,000 | $1,783,000 |
| Home Improvement | 5 | $942,000 | $188,000 | $741,000 | $24,000 | $44,000 |
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 | 494 | $98,557,000 | $199,000 | $666,000 | $73,000 | $1,783,000 |
| Black or African American | 188 | $36,603,000 | $194,000 | $448,000 | $59,000 | $247,000 |
| Hispanic | 28 | $5,585,000 | $199,000 | $354,000 | $59,000 | $179,000 |
| Not applicable | 9 | $22,168,000 | $2,463,000 | $20,000,000 | $0 | $0 |
| Asian | 5 | $790,000 | $158,000 | $203,000 | $64,000 | $118,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $529,000 | $176,000 | $259,000 | $80,000 | $119,000 |
| Not Provided | 2 | $330,000 | $165,000 | $227,000 | $16,000 | $33,000 |
| American Indian or Alaskan Native | 1 | $98,000 | $98,000 | $98,000 | $26,000 | $26,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 627 | $125,389,000 | $199,000 | $481,000 | $57,000 | $218,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 103 | $39,271,000 | $381,000 | $20,000,000 | $129,000 | $1,783,000 |
| 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 | 578 | $116,662,000 | $201,000 | $741,000 | $63,000 | $1,783,000 |
| Loan Purchased By The Institution | 92 | $16,461,000 | $178,000 | $430,000 | $101,000 | $976,000 |
| Application Denied By Financial Institution | 24 | $24,926,000 | $1,038,000 | $20,000,000 | $57,000 | $149,000 |
| Application Withdrawn By Applicant | 21 | $3,932,000 | $187,000 | $368,000 | $63,000 | $119,000 |
| Application Approved But Not Accepted | 9 | $1,575,000 | $175,000 | $281,000 | $40,000 | $83,000 |
| File Closed For Incompleteness | 6 | $1,104,000 | $184,000 | $265,000 | $68,000 | $93,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 15 | $22,820,000 | $1,521,000 | $20,000,000 | $48,000 | $130,000 |
| Collateral | 3 | $724,000 | $241,000 | $351,000 | $85,000 | $129,000 |
| Employment History | 2 | $319,000 | $159,000 | $172,000 | $55,000 | $59,000 |
| Mortgage Insurance Denied | 1 | $239,000 | $239,000 | $239,000 | $67,000 | $67,000 |
| Other | 1 | $273,000 | $273,000 | $273,000 | $149,000 | $149,000 |
| Credit History | 1 | $228,000 | $228,000 | $228,000 | $67,000 | $67,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Carrollton Bank's 2008 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 Carrollton 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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