Regal Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Regal Bank & Trust of Owings Mills, MD reported 211 mortgage applications totaling $37.4 million, down 38% from 2003. The average application was for $177,251, and applicants reported an average income of $74,478. 51% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Baltimore-Towson, MD (192), Bethesda-Frederick-Gaithersburg, MD (10) and Myrtle Beach-Conway-North Myrtle Beach, SC (1) (applications in parentheses).
| Mortgage Company & Address | Regal Bank & Trust 11436 Cronhill Drive, Suite 1 Owings Mills, MD 21117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 211 |
| Total Mortgage Loan Application Amount | $37,400,000 |
| Average Mortgage Loan Application Amount | $177,251 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $74,478 |
| Highest Applicant Income | $300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Regal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, Maryland | 73 | $ 11,782,000 | $ 161,397 | $ 64,000 |
| Carroll, Maryland | 52 | $ 10,909,000 | $ 209,788 | $ 61,000 |
| Baltimore City, Maryland | 42 | $ 4,719,000 | $ 112,357 | $ 57,000 |
| Anne Arundel, Maryland | 9 | $ 2,505,000 | $ 278,333 | $ 129,000 |
| Harford, Maryland | 9 | $ 1,769,000 | $ 196,555 | $ 78,000 |
| Montgomery, Maryland | 6 | $ 1,965,000 | $ 327,500 | $ 128,000 |
| Howard, Maryland | 5 | $ 1,110,000 | $ 222,000 | $ 113,000 |
| Frederick, Maryland | 4 | $ 882,000 | $ 220,500 | $ 73,000 |
| Dorchester, Maryland | 2 | $ 450,000 | $ 225,000 | $ 54,000 |
| Queen Anne's, Maryland | 2 | $ 360,000 | $ 180,000 | $ 128,000 |
| Garrett, Maryland | 1 | $ 150,000 | $ 150,000 | $ 77,000 |
| Prince George's, Maryland | 1 | $ 120,000 | $ 120,000 | $ 80,000 |
| Talbot, Maryland | 1 | $ 74,000 | $ 74,000 | $ 240,000 |
| Worcester, Maryland | 1 | $ 37,000 | $ 37,000 | $ 28,000 |
| Adams, Pennsylvania | 1 | $ 230,000 | $ 230,000 | $ 0 |
| York, Pennsylvania | 1 | $ 184,000 | $ 184,000 | $ 25,000 |
| Horry, South Carolina | 1 | $ 154,000 | $ 154,000 | $ 0 |
Mortgage Loan Application Detail Totals for Regal Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 141 | $25,157,000 | $178,000 | $980,000 | $72,000 | $300,000 |
| Home Purchase | 69 | $11,851,000 | $177,000 | $522,000 | $30,666 | $271,000 |
| Home Improvement | 1 | $392,000 | $392,000 | $392,000 | $259,000 | $259,000 |
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 | 108 | $19,676,000 | $168,000 | $980,000 | $41,000 | $300,000 |
| Not Provided | 68 | $12,308,000 | $182,000 | $766,000 | $54,500 | $259,000 |
| Black or African American | 17 | $2,158,000 | $126,000 | $300,000 | $63,000 | $271,000 |
| Not applicable | 14 | $2,398,000 | $198,000 | $522,000 | $0 | $0 |
| Asian | 2 | $402,000 | $201,000 | $265,000 | $134,000 | $193,000 |
| Hispanic | 1 | $138,000 | $138,000 | $138,000 | $37,000 | $37,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $320,000 | $320,000 | $320,000 | $22,000 | $22,000 |
| American Indian or Alaskan Native | 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) | 211 | $37,400,000 | $179,333 | $980,000 | $29,666 | $300,000 |
| 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 | 107 | $18,521,000 | $185,333 | $650,000 | $24,000 | $300,000 |
| Application Withdrawn By Applicant | 48 | $9,459,000 | $197,000 | $766,000 | $87,000 | $300,000 |
| File Closed For Incompleteness | 28 | $4,742,000 | $169,000 | $450,000 | $82,000 | $259,000 |
| Application Denied By Financial Institution | 25 | $3,523,000 | $161,500 | $375,000 | $42,000 | $114,000 |
| Application Approved But Not Accepted | 3 | $1,155,000 | $385,000 | $980,000 | $128,000 | $187,000 |
| 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 Regal Bank & Trust'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 Regal Bank & Trust'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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