Regal Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Regal Bank & Trust of Owings Mills, MD reported 163 mortgage applications totaling $38.2 million, down 7% from 2006. The average application was for $234,490, and applicants reported an average income of $91,576. 29% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Baltimore-Towson, MD (130), Bethesda-Gaithersburg-Frederick, MD (10) and Washington-Arlington-Alexandria, DC-VA-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 | 163 |
| Total Mortgage Loan Application Amount | $38,222,000 |
| Average Mortgage Loan Application Amount | $234,490 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $91,576 |
| Highest Applicant Income | $336,000 |
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Act (HMDA) records Regal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 66 | $ 14,828,000 | $ 224,666 | $ 83,000 |
| Carroll, Maryland | 32 | $ 6,969,000 | $ 217,781 | $ 101,000 |
| Baltimore City, Maryland | 17 | $ 2,830,000 | $ 166,470 | $ 93,000 |
| Anne Arundel, Maryland | 7 | $ 2,043,000 | $ 291,857 | $ 91,000 |
| Harford, Maryland | 6 | $ 1,414,000 | $ 235,666 | $ 98,000 |
| Montgomery, Maryland | 6 | $ 1,944,000 | $ 324,000 | $ 87,000 |
| Frederick, Maryland | 4 | $ 1,490,000 | $ 372,500 | $ 66,000 |
| Adams, Pennsylvania | 3 | $ 325,000 | $ 108,333 | $ 33,000 |
| Chatham, Georgia | 2 | $ 664,000 | $ 332,000 | $ 90,000 |
| Howard, Maryland | 2 | $ 573,000 | $ 286,500 | $ 137,000 |
| Charleston, South Carolina | 2 | $ 170,000 | $ 85,000 | $ 65,000 |
| Horry, South Carolina | 2 | $ 765,000 | $ 382,500 | $ 336,000 |
| Loudoun, Virginia | 2 | $ 815,000 | $ 407,500 | $ 30,000 |
| Riverside, California | 1 | $ 600,000 | $ 600,000 | $ 264,000 |
| New Castle, Delaware | 1 | $ 83,000 | $ 83,000 | $ 180,000 |
| District of Columbia, District Of Columbia | 1 | $ 578,000 | $ 578,000 | $ 0 |
| Collier, Florida | 1 | $ 250,000 | $ 250,000 | $ 96,000 |
| Cecil, Maryland | 1 | $ 120,000 | $ 120,000 | $ 50,000 |
| Kent, Maryland | 1 | $ 392,000 | $ 392,000 | $ 85,000 |
| Prince George's, Maryland | 1 | $ 215,000 | $ 215,000 | $ 101,000 |
| Beaufort, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Montgomery, Pennsylvania | 1 | $ 342,000 | $ 342,000 | $ 66,000 |
| York, Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Fairfax, Virginia | 1 | $ 403,000 | $ 403,000 | $ 0 |
| Virginia Beach, Virginia | 1 | $ 284,000 | $ 284,000 | $ 300,000 |
Mortgage Loan Application Detail Totals for Regal Bank & Trust in 2007
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 | 79 | $20,675,000 | $261,000 | $840,000 | $89,000 | $300,000 |
| Home Purchase | 60 | $13,684,000 | $228,000 | $1,000,000 | $94,000 | $336,000 |
| Home Improvement | 24 | $3,863,000 | $160,000 | $675,000 | $94,000 | $242,000 |
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 | 98 | $23,714,000 | $241,000 | $840,000 | $99,000 | $336,000 |
| Black or African American | 27 | $3,656,000 | $135,000 | $395,000 | $72,000 | $185,000 |
| Not Provided | 22 | $5,689,000 | $258,000 | $600,000 | $83,000 | $264,000 |
| Hispanic | 10 | $2,613,000 | $261,000 | $527,000 | $85,000 | $240,000 |
| Not applicable | 4 | $1,966,000 | $491,000 | $1,000,000 | $22,000 | $90,000 |
| Asian | 2 | $584,000 | $292,000 | $300,000 | $271,000 | $300,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 163 | $38,222,000 | $234,000 | $1,000,000 | $92,000 | $336,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 53 | $13,745,000 | $259,000 | $840,000 | $99,000 | $288,000 |
| Loan Originated | 48 | $10,997,000 | $229,000 | $1,000,000 | $87,000 | $336,000 |
| File Closed For Incompleteness | 40 | $8,995,000 | $224,000 | $640,000 | $99,000 | $250,000 |
| Application Denied By Financial Institution | 21 | $4,435,000 | $211,000 | $596,000 | $69,000 | $300,000 |
| Application Approved But Not Accepted | 1 | $50,000 | $50,000 | $50,000 | $124,000 | $124,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 14 | $2,319,000 | $165,000 | $392,000 | $56,000 | $115,000 |
| Other | 3 | $766,000 | $255,000 | $340,000 | $139,000 | $300,000 |
| Collateral | 2 | $344,000 | $172,000 | $265,000 | $67,000 | $75,000 |
| Debt-To-Income Ratio | 2 | $1,006,000 | $503,000 | $596,000 | $56,000 | $67,000 |
| 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 |
| Credit Application Incomplete | 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 2007 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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