K Bank Mortgage Lending & HMDA Data, 2003
In 2003, K Bank of Owings Mills, MD reported 716 mortgage applications totaling $116.1 million. The average application was for $162,219, and applicants reported an average income of $70,635. 86% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Baltimore, MD (549), York, PA (20) and Philadelphia, PA-NJ (5) (applications in parentheses).
| Mortgage Company & Address | K Bank 11407 Cronhill Drive, Suite N Owings Mills, MD 21117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 716 |
| Total Mortgage Loan Application Amount | $116,149,000 |
| Average Mortgage Loan Application Amount | $162,219 |
| Highest Mortgage Loan Application Amount | $1,295,000 |
| Average Applicant Income | $70,635 |
| Highest Applicant Income | $849,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Baltimore, Maryland | 245 | $ 35,941,000 | $ 146,697 | $ 63,000 |
| Baltimore City, Maryland | 114 | $ 10,231,000 | $ 89,745 | $ 44,000 |
| Harford, Maryland | 90 | $ 12,479,000 | $ 138,655 | $ 37,000 |
| Carroll, Maryland | 56 | $ 9,784,000 | $ 174,714 | $ 67,000 |
| Sussex, Delaware | 41 | $ 9,826,000 | $ 239,658 | $ 88,000 |
| Howard, Maryland | 25 | $ 5,115,000 | $ 204,600 | $ 105,000 |
| York, Pennsylvania | 20 | $ 2,815,000 | $ 140,750 | $ 45,000 |
| Cecil, Maryland | 19 | $ 2,646,000 | $ 139,263 | $ 54,000 |
| Anne Arundel, Maryland | 18 | $ 3,168,000 | $ 176,000 | $ 84,000 |
| Prince George's, Maryland | 18 | $ 5,196,000 | $ 288,666 | $ 87,000 |
| Montgomery, Maryland | 10 | $ 4,514,000 | $ 451,400 | $ 143,000 |
| Charles, Maryland | 6 | $ 1,581,000 | $ 263,500 | $ 62,000 |
| Frederick, Maryland | 6 | $ 1,665,000 | $ 277,500 | $ 101,000 |
| Worcester, Maryland | 6 | $ 1,048,000 | $ 174,666 | $ 99,000 |
| Prince William, Virginia | 5 | $ 2,663,000 | $ 532,600 | $ 132,000 |
| New Castle, Delaware | 4 | $ 755,000 | $ 188,750 | $ 76,000 |
| Delaware, Pennsylvania | 3 | $ 357,000 | $ 119,000 | $ 51,000 |
| Kent, Delaware | 2 | $ 600,000 | $ 300,000 | $ 157,000 |
| District of Columbia, District Of Columbia | 2 | $ 471,000 | $ 235,500 | $ 139,000 |
| St. Mary's, Maryland | 2 | $ 445,000 | $ 222,500 | $ 105,000 |
| Talbot, Maryland | 2 | $ 464,000 | $ 232,000 | $ 152,000 |
| Adams, Pennsylvania | 2 | $ 267,000 | $ 133,500 | $ 77,000 |
| Broward, Florida | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Pinellas, Florida | 1 | $ 122,000 | $ 122,000 | $ 59,000 |
| Caroline, Maryland | 1 | $ 139,000 | $ 139,000 | $ 69,000 |
| Queen Anne's, Maryland | 1 | $ 292,000 | $ 292,000 | $ 83,000 |
| Wicomico, Maryland | 1 | $ 99,000 | $ 99,000 | $ 25,000 |
| Camden, New Jersey | 1 | $ 96,000 | $ 96,000 | $ 62,000 |
| Wake, North Carolina | 1 | $ 121,000 | $ 121,000 | $ 0 |
| Beaver, Pennsylvania | 1 | $ 46,000 | $ 46,000 | $ 50,000 |
| Chester, Pennsylvania | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Montgomery, Pennsylvania | 1 | $ 159,000 | $ 159,000 | $ 0 |
| Arlington, Virginia | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Clarke, Virginia | 1 | $ 512,000 | $ 512,000 | $ 210,000 |
| Henrico, Virginia | 1 | $ 392,000 | $ 392,000 | $ 201,000 |
| Loudoun, Virginia | 1 | $ 521,000 | $ 521,000 | $ 156,000 |
| Manassas, Virginia | 1 | $ 212,000 | $ 212,000 | $ 64,000 |
| Middlesex, Virginia | 1 | $ 231,000 | $ 231,000 | $ 68,000 |
| Northumberland, Virginia | 1 | $ 126,000 | $ 126,000 | $ 133,000 |
| Berkeley, West Virginia | 1 | $ 87,000 | $ 87,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for K Bank in 2003
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 (one-to-four family) | 423 | $72,939,000 | $225,000 | $1,295,000 | $79,000 | $849,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 293 | $43,210,000 | $162,375 | $630,000 | $74,250 | $442,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 |
|---|---|---|---|---|---|---|
| White | 546 | $87,308,000 | $177,875 | $600,000 | $89,500 | $849,000 |
| Black | 147 | $23,726,000 | $247,666 | $1,295,000 | $53,500 | $264,000 |
| Other | 11 | $2,646,000 | $242,000 | $525,000 | $53,666 | $205,000 |
| Hispanic | 6 | $814,000 | $135,000 | $280,000 | $44,000 | $120,000 |
| Asian or Pacific Islander | 4 | $1,122,000 | $280,000 | $536,000 | $57,000 | $92,000 |
| American Indian or Alaskan Native | 1 | $323,000 | $323,000 | $323,000 | $87,000 | $87,000 |
| Information not provided by applicant in mail or telephone application | 1 | $210,000 | $210,000 | $210,000 | $0 | $0 |
| 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) | 436 | $82,797,000 | $188,125 | $1,295,000 | $93,375 | $849,000 |
| FHA-insured (Federal Housing Administration) | 244 | $28,011,000 | $155,333 | $266,000 | $19,500 | $213,000 |
| VA-guaranteed (Veterans Administration) | 36 | $5,341,000 | $148,000 | $270,000 | $32,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 619 | $100,409,000 | $174,333 | $1,295,000 | $61,111 | $442,000 |
| Application Withdrawn By Applicant | 59 | $9,293,000 | $171,000 | $583,000 | $86,000 | $849,000 |
| Application Approved But Not Accepted | 20 | $3,273,000 | $134,666 | $440,000 | $100,000 | $456,000 |
| Application Denied By Financial Institution | 14 | $2,541,000 | $201,500 | $500,000 | $99,500 | $281,000 |
| File Closed For Incompleteness | 4 | $633,000 | $212,500 | $321,000 | $48,500 | $84,000 |
| Loan Purchased By The 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 K Bank's 2003 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 K 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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