K Bank Mortgage Lending & HMDA Data, 2006
In 2006, K Bank of Owings Mills, MD reported 567 mortgage applications totaling $124.6 million, up 6% from 2005. The average application was for $219,682, and applicants reported an average income of $76,878. 85% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Baltimore-Towson, MD (427), Washington-Arlington-Alexandria, DC-VA-MD-WV (53) and Wilmington, DE-MD-NJ (14) (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 | 567 |
| Total Mortgage Loan Application Amount | $124,560,000 |
| Average Mortgage Loan Application Amount | $219,682 |
| Highest Mortgage Loan Application Amount | $1,309,000 |
| Average Applicant Income | $76,878 |
| Highest Applicant Income | $6,000,000 |
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Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 City, Maryland | 296 | $ 49,485,000 | $ 167,179 | $ 35,000 |
| Baltimore, Maryland | 81 | $ 17,153,000 | $ 211,765 | $ 151,000 |
| Prince George's, Maryland | 34 | $ 13,864,000 | $ 407,764 | $ 123,000 |
| Sussex, Delaware | 16 | $ 4,512,000 | $ 282,000 | $ 152,000 |
| Anne Arundel, Maryland | 15 | $ 3,979,000 | $ 265,266 | $ 77,000 |
| Carroll, Maryland | 15 | $ 2,841,000 | $ 189,400 | $ 68,000 |
| Harford, Maryland | 14 | $ 3,244,000 | $ 231,714 | $ 84,000 |
| New Castle, Delaware | 12 | $ 2,136,000 | $ 178,000 | $ 26,000 |
| Talbot, Maryland | 10 | $ 2,406,000 | $ 240,600 | $ 115,000 |
| District of Columbia, District Of Columbia | 7 | $ 4,147,000 | $ 592,428 | $ 85,000 |
| Chester, Pennsylvania | 7 | $ 1,676,000 | $ 239,428 | $ 105,000 |
| Howard, Maryland | 6 | $ 3,053,000 | $ 508,833 | $ 187,000 |
| York, Pennsylvania | 6 | $ 740,000 | $ 123,333 | $ 79,000 |
| St. Mary's, Maryland | 5 | $ 1,743,000 | $ 348,600 | $ 114,000 |
| Loudoun, Virginia | 5 | $ 2,756,000 | $ 551,200 | $ 220,000 |
| Charles, Maryland | 4 | $ 1,403,000 | $ 350,750 | $ 123,000 |
| Montgomery, Maryland | 4 | $ 1,020,000 | $ 255,000 | $ 120,000 |
| Frederick, Maryland | 3 | $ 826,000 | $ 275,333 | $ 225,000 |
| Washington, Maryland | 3 | $ 817,000 | $ 272,333 | $ 41,000 |
| Kent, Delaware | 2 | $ 376,000 | $ 188,000 | $ 136,000 |
| Caroline, Maryland | 2 | $ 771,000 | $ 385,500 | $ 358,000 |
| Cecil, Maryland | 2 | $ 434,000 | $ 217,000 | $ 64,000 |
| Dorchester, Maryland | 2 | $ 352,000 | $ 176,000 | $ 71,000 |
| Somerset, Maryland | 2 | $ 401,000 | $ 200,500 | $ 128,000 |
| Cabarrus, North Carolina | 2 | $ 218,000 | $ 109,000 | $ 32,000 |
| Frederick, Virginia | 2 | $ 565,000 | $ 282,500 | $ 95,000 |
| Summit, Colorado | 1 | $ 110,000 | $ 110,000 | $ 484,000 |
| Calvert, Maryland | 1 | $ 880,000 | $ 880,000 | $ 348,000 |
| Garrett, Maryland | 1 | $ 374,000 | $ 374,000 | $ 156,000 |
| Worcester, Maryland | 1 | $ 130,000 | $ 130,000 | $ 66,000 |
| Adams, Pennsylvania | 1 | $ 123,000 | $ 123,000 | $ 30,000 |
| Montgomery, Pennsylvania | 1 | $ 244,000 | $ 244,000 | $ 61,000 |
| Fauquier, Virginia | 1 | $ 463,000 | $ 463,000 | $ 133,000 |
| Greene, Virginia | 1 | $ 420,000 | $ 420,000 | $ 101,000 |
| Orange, Virginia | 1 | $ 309,000 | $ 309,000 | $ 97,000 |
| Prince William, Virginia | 1 | $ 589,000 | $ 589,000 | $ 0 |
Mortgage Loan Application Detail Totals for K Bank in 2006
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 | 495 | $112,090,000 | $226,000 | $1,309,000 | $68,000 | $492,000 |
| Refinancing | 46 | $7,725,000 | $167,000 | $772,000 | $74,000 | $484,000 |
| Home Improvement | 26 | $4,745,000 | $182,000 | $545,000 | $251,000 | $6,000,000 |
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 | 265 | $61,394,000 | $231,000 | $1,066,000 | $78,000 | $492,000 |
| Black or African American | 197 | $42,176,000 | $214,000 | $1,309,000 | $73,000 | $421,000 |
| Not applicable | 84 | $16,031,000 | $190,000 | $986,000 | $6,000 | $373,000 |
| Hispanic | 9 | $1,389,000 | $154,000 | $526,000 | $35,000 | $98,000 |
| Asian | 8 | $2,352,000 | $294,000 | $580,000 | $199,000 | $419,000 |
| Not Provided | 3 | $673,000 | $224,000 | $268,000 | $31,000 | $95,000 |
| American Indian or Alaskan Native | 1 | $545,000 | $545,000 | $545,000 | $6,000,000 | $6,000,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 514 | $115,573,000 | $224,000 | $1,309,000 | $78,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) | 53 | $8,987,000 | $169,000 | $293,000 | $65,000 | $186,000 |
| 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 | 484 | $105,903,000 | $218,000 | $1,309,000 | $81,000 | $6,000,000 |
| Application Withdrawn By Applicant | 44 | $9,887,000 | $224,000 | $592,000 | $44,000 | $245,000 |
| Application Approved But Not Accepted | 24 | $4,342,000 | $180,000 | $496,000 | $59,000 | $142,000 |
| Application Denied By Financial Institution | 8 | $2,185,000 | $273,000 | $526,000 | $85,000 | $180,000 |
| File Closed For Incompleteness | 7 | $2,243,000 | $320,000 | $532,000 | $21,000 | $103,000 |
| 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 | 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 2006 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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