Regal Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Regal Bank & Trust of Owings Mills, MD reported 175 mortgage applications totaling $45.1 million, down 8% from 2005. The average application was for $257,891, and applicants reported an average income of $89,548. 41% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Baltimore-Towson, MD (139), Washington-Arlington-Alexandria, DC-VA-MD-WV (7) and Hagerstown-Martinsburg, MD-WV (5) (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 | 175 |
| Total Mortgage Loan Application Amount | $45,131,000 |
| Average Mortgage Loan Application Amount | $257,891 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $89,548 |
| Highest Applicant Income | $1,440,000 |
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Act (HMDA) records Regal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 58 | $ 14,082,000 | $ 242,793 | $ 70,000 |
| Baltimore City, Maryland | 38 | $ 5,523,000 | $ 145,342 | $ 94,000 |
| Carroll, Maryland | 27 | $ 7,170,000 | $ 265,555 | $ 68,000 |
| Howard, Maryland | 7 | $ 2,043,000 | $ 291,857 | $ 137,000 |
| Anne Arundel, Maryland | 6 | $ 1,459,000 | $ 243,166 | $ 72,000 |
| Prince George's, Maryland | 5 | $ 1,459,000 | $ 291,800 | $ 93,000 |
| Washington, Maryland | 5 | $ 1,234,000 | $ 246,800 | $ 54,000 |
| Cecil, Maryland | 3 | $ 1,137,000 | $ 379,000 | $ 94,000 |
| Harford, Maryland | 3 | $ 1,082,000 | $ 360,666 | $ 120,000 |
| Frederick, Maryland | 2 | $ 635,000 | $ 317,500 | $ 88,000 |
| Garrett, Maryland | 2 | $ 198,000 | $ 99,000 | $ 57,000 |
| Franklin, Pennsylvania | 2 | $ 562,000 | $ 281,000 | $ 25,000 |
| York, Pennsylvania | 2 | $ 735,000 | $ 367,500 | $ 106,000 |
| Madison, Alabama | 1 | $ 5,000,000 | $ 5,000,000 | $ 1,440,000 |
| Palm Beach, Florida | 1 | $ 155,000 | $ 155,000 | $ 39,000 |
| Sumter, Florida | 1 | $ 300,000 | $ 300,000 | $ 279,000 |
| Allegany, Maryland | 1 | $ 112,000 | $ 112,000 | $ 200,000 |
| Kent, Maryland | 1 | $ 261,000 | $ 261,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 140,000 | $ 140,000 | $ 46,000 |
| Talbot, Maryland | 1 | $ 434,000 | $ 434,000 | $ 119,000 |
| Wicomico, Maryland | 1 | $ 88,000 | $ 88,000 | $ 10,000 |
| Worcester, Maryland | 1 | $ 212,000 | $ 212,000 | $ 360,000 |
| Cumberland, Pennsylvania | 1 | $ 110,000 | $ 110,000 | $ 40,000 |
| Amherst, Virginia | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Arlington, Virginia | 1 | $ 278,000 | $ 278,000 | $ 108,000 |
| Fairfax, Virginia | 1 | $ 239,000 | $ 239,000 | $ 105,000 |
| Northumberland, Virginia | 1 | $ 150,000 | $ 150,000 | $ 88,000 |
| Dane, Wisconsin | 1 | $ 228,000 | $ 228,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Regal Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 102 | $24,974,000 | $244,000 | $1,270,000 | $88,000 | $839,000 |
| Home Purchase | 57 | $12,127,000 | $212,000 | $640,000 | $79,000 | $279,000 |
| Home Improvement | 16 | $8,030,000 | $501,000 | $5,000,000 | $137,000 | $1,440,000 |
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 | 74 | $22,453,000 | $303,000 | $5,000,000 | $117,000 | $1,440,000 |
| Not Provided | 62 | $14,975,000 | $241,000 | $1,270,000 | $73,000 | $252,000 |
| Black or African American | 20 | $3,604,000 | $180,000 | $450,000 | $69,000 | $180,000 |
| Hispanic | 13 | $3,175,000 | $244,000 | $417,000 | $84,000 | $167,000 |
| Not applicable | 6 | $924,000 | $154,000 | $286,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 175 | $45,131,000 | $257,000 | $5,000,000 | $89,000 | $1,440,000 |
| 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 | 72 | $14,783,000 | $205,000 | $417,000 | $77,000 | $839,000 |
| Application Withdrawn By Applicant | 44 | $10,631,000 | $241,000 | $700,000 | $74,000 | $240,000 |
| File Closed For Incompleteness | 36 | $8,800,000 | $244,000 | $650,000 | $88,000 | $290,000 |
| Application Denied By Financial Institution | 23 | $10,917,000 | $474,000 | $5,000,000 | $160,000 | $1,440,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $4,212,000 | $351,000 | $1,270,000 | $106,000 | $252,000 |
| Debt-To-Income Ratio | 4 | $672,000 | $168,000 | $330,000 | $122,000 | $360,000 |
| Other | 4 | $5,383,000 | $1,345,000 | $5,000,000 | $403,000 | $1,440,000 |
| Unverifiable Information | 2 | $355,000 | $177,000 | $284,000 | $120,000 | $120,000 |
| Mortgage Insurance Denied | 1 | $295,000 | $295,000 | $295,000 | $76,000 | $76,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Regal Bank & Trust'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 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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