K Bank Mortgage Lending & HMDA Data, 2004
In 2004, K Bank of Owings Mills, MD reported 647 mortgage applications totaling $127.6 million, down 10% from 2003. The average application was for $197,160, and applicants reported an average income of $84,579. 82% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Towson, MD (511), Bethesda-Frederick-Gaithersburg, MD (14) and York-Hanover, PA (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 | 647 |
| Total Mortgage Loan Application Amount | $127,563,000 |
| Average Mortgage Loan Application Amount | $197,160 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $84,579 |
| Highest Applicant Income | $500,000 |
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Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore-Towson, MD | 511 | $ 82,567,000 | $ 161,579 | $ 74,000 |
| Bethesda-Frederick-Gaithersburg, MD | 14 | $ 5,489,000 | $ 392,071 | $ 95,000 |
| York-Hanover, PA | 5 | $ 785,000 | $ 157,000 | $ 54,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,238,000 | $ 309,500 | $ 105,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 622,000 | $ 207,333 | $ 208,000 |
| Philadelphia, PA | 3 | $ 1,095,000 | $ 365,000 | $ 407,000 |
| Dover, DE | 2 | $ 436,000 | $ 218,000 | $ 197,000 |
| Winchester, VA-WV | 2 | $ 368,000 | $ 184,000 | $ 201,000 |
| Edison, NJ | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 122,000 | $ 122,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for K Bank in 2004
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 | 512 | $106,513,000 | $270,833 | $980,000 | $131,833 | $458,000 |
| Refinancing | 134 | $21,045,000 | $184,000 | $665,000 | $61,400 | $500,000 |
| Home Improvement | 1 | $5,000 | $5,000 | $5,000 | $33,000 | $33,000 |
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 | 408 | $80,492,000 | $242,857 | $955,000 | $107,285 | $458,000 |
| Black or African American | 184 | $34,192,000 | $352,333 | $980,000 | $78,333 | $283,000 |
| Asian | 23 | $5,725,000 | $416,000 | $600,000 | $42,500 | $222,000 |
| Hispanic | 19 | $3,707,000 | $178,666 | $570,000 | $88,666 | $214,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,262,000 | $210,000 | $400,000 | $47,000 | $117,000 |
| Not Provided | 5 | $1,411,000 | $282,000 | $556,000 | $195,000 | $500,000 |
| American Indian or Alaskan Native | 2 | $774,000 | $387,000 | $674,000 | $162,000 | $262,000 |
| 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) | 473 | $107,692,000 | $249,857 | $980,000 | $110,714 | $500,000 |
| FHA-insured (Federal Housing Administration) | 165 | $18,726,000 | $181,000 | $290,000 | $63,666 | $114,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,145,000 | $127,000 | $189,000 | $43,000 | $71,000 |
| 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 | 529 | $107,258,000 | $246,857 | $980,000 | $94,714 | $458,000 |
| Application Withdrawn By Applicant | 78 | $12,756,000 | $236,400 | $612,000 | $90,600 | $500,000 |
| Application Approved But Not Accepted | 20 | $5,027,000 | $274,000 | $638,000 | $97,666 | $222,000 |
| Application Denied By Financial Institution | 19 | $2,222,000 | $245,666 | $620,000 | $69,666 | $180,000 |
| File Closed For Incompleteness | 1 | $300,000 | $300,000 | $300,000 | $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 K Bank's 2004 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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