Maryland Bank & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, Maryland Bank & Trust Company of Waldorf, MD reported 276 mortgage applications totaling $42.6 million. The average application was for $154,300, and applicants reported an average income of $71,047. 83% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Baltimore, MD (5), Jersey City, NJ (3) and Hagerstown, MD (1) (applications in parentheses).
| Mortgage Company & Address | Maryland Bank & Trust Company P.O. Box 248 Waldorf, MD 20604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 276 |
| Total Mortgage Loan Application Amount | $42,587,000 |
| Average Mortgage Loan Application Amount | $154,300 |
| Highest Mortgage Loan Application Amount | $2,070,000 |
| Average Applicant Income | $71,047 |
| Highest Applicant Income | $1,958,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Maryland Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Maryland Bank & Trust Company 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) | 99 | $24,291,000 | $130,666 | $2,070,000 | $125,333 | $540,000 |
| Home Improvement (one-to-four family) | 86 | $1,263,000 | $14,000 | $82,000 | $54,000 | $261,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 85 | $13,235,000 | $192,000 | $800,000 | $129,500 | $1,958,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 6 | $3,798,000 | $632,500 | $1,375,000 | $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 | 211 | $28,696,000 | $165,000 | $860,000 | $178,333 | $1,958,000 |
| Black | 27 | $949,000 | $35,000 | $209,000 | $74,000 | $261,000 |
| Not applicable | 26 | $11,332,000 | $557,500 | $2,070,000 | $0 | $0 |
| Hispanic | 4 | $550,000 | $137,000 | $225,000 | $82,000 | $151,000 |
| Asian or Pacific Islander | 4 | $425,000 | $106,000 | $248,000 | $69,000 | $94,000 |
| American Indian or Alaskan Native | 2 | $338,000 | $169,000 | $328,000 | $107,000 | $187,000 |
| Information not provided by applicant in mail or telephone application | 2 | $297,000 | $148,500 | $283,000 | $39,000 | $54,000 |
| Other | 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) | 276 | $42,587,000 | $247,600 | $2,070,000 | $108,400 | $1,958,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 230 | $36,448,000 | $306,500 | $1,865,000 | $129,000 | $1,958,000 |
| Application Denied By Financial Institution | 33 | $2,115,000 | $39,500 | $283,000 | $44,000 | $261,000 |
| Application Withdrawn By Applicant | 7 | $1,364,000 | $194,000 | $660,000 | $106,000 | $237,000 |
| Application Approved But Not Accepted | 4 | $2,565,000 | $641,000 | $2,070,000 | $67,000 | $176,000 |
| File Closed For Incompleteness | 2 | $95,000 | $47,000 | $65,000 | $83,000 | $122,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 19 | $1,257,000 | $66,000 | $283,000 | $39,000 | $141,000 |
| Credit History | 11 | $768,000 | $44,500 | $248,000 | $64,500 | $261,000 |
| Collateral | 1 | $17,000 | $17,000 | $17,000 | $68,000 | $68,000 |
| Employment History | 1 | $3,000 | $3,000 | $3,000 | $58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $70,000 | $70,000 | $70,000 | $54,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Maryland Bank & Trust Company'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 Maryland Bank & Trust Company'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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