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Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 427 | $ 79,755,000 | $ 186,779 | $ 63,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 53 | $ 24,102,000 | $ 454,754 | $ 129,396 |
| Wilmington, DE-MD-NJ | 14 | $ 2,570,000 | $ 183,571 | $ 31,428 |
| Philadelphia, PA | 8 | $ 1,920,000 | $ 240,000 | $ 100,000 |
| Bethesda-Gaithersburg-Frederick, MD | 7 | $ 1,846,000 | $ 263,714 | $ 165,000 |
| York-Hanover, PA | 6 | $ 740,000 | $ 123,333 | $ 79,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 817,000 | $ 272,333 | $ 41,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 218,000 | $ 109,000 | $ 32,000 |
| Dover, DE | 2 | $ 376,000 | $ 188,000 | $ 136,000 |
| Salisbury, MD | 2 | $ 401,000 | $ 200,500 | $ 128,000 |
| Winchester, VA-WV | 2 | $ 565,000 | $ 282,500 | $ 95,000 |
| Charlottesville, VA | 1 | $ 420,000 | $ 420,000 | $ 101,000 |
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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