K Bank Mortgage Lending & HMDA Data, 2010
In 2010, K Bank of Owings Mills, MD reported 108 mortgage applications totaling $26.3 million. The average application was for $243,583, and applicants reported an average income of $84,333. 69% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Baltimore-Towson, MD (93), Washington-Arlington-Alexandria, DC-VA-MD-WV (9) and York-Hanover, PA (3) (applications in parentheses).
| Mortgage Company & Address | K Bank 11407 Cronhill Drive, Ste. N Owings Mills, MD 21117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $26,307,000 |
| Average Mortgage Loan Application Amount | $243,583 |
| Highest Mortgage Loan Application Amount | $1,029,000 |
| Average Applicant Income | $84,333 |
| Highest Applicant Income | $362,000 |
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Disclosure Act (HMDA) records K Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for K Bank in 2010
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 | 76 | $18,009,000 | $236,000 | $1,029,000 | $79,000 | $362,000 |
| Refinancing | 32 | $8,298,000 | $259,000 | $790,000 | $97,000 | $266,000 |
| Home Improvement | 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 | 50 | $14,647,000 | $292,000 | $1,029,000 | $108,000 | $362,000 |
| Black or African American | 48 | $8,772,000 | $182,000 | $884,000 | $55,000 | $264,000 |
| Hispanic | 6 | $1,805,000 | $300,000 | $505,000 | $110,000 | $177,000 |
| Asian | 4 | $1,083,000 | $270,000 | $503,000 | $100,000 | $170,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 67 | $12,419,000 | $185,000 | $549,000 | $61,000 | $235,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 34 | $11,612,000 | $341,000 | $1,029,000 | $129,000 | $362,000 |
| VA-guaranteed (Veterans Administration) | 7 | $2,276,000 | $325,000 | $656,000 | $92,000 | $188,000 |
| 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 | 75 | $16,912,000 | $225,000 | $1,029,000 | $78,000 | $362,000 |
| Application Withdrawn By Applicant | 14 | $2,990,000 | $213,000 | $700,000 | $72,000 | $146,000 |
| Application Denied By Financial Institution | 13 | $4,487,000 | $345,000 | $790,000 | $114,000 | $266,000 |
| Application Approved But Not Accepted | 3 | $969,000 | $323,000 | $505,000 | $155,000 | $235,000 |
| File Closed For Incompleteness | 3 | $949,000 | $316,000 | $424,000 | $103,000 | $152,000 |
| 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 2010 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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