Regal Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Regal Bank & Trust of Owings Mills, MD reported 236 mortgage applications totaling $56.5 million, up 77% from 2008. The average application was for $239,449, and applicants reported an average income of $116,338. 49% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Baltimore-Towson, MD (185), York-Hanover, PA (13) and Bethesda-Frederick-Rockville, MD (11) (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 | 236 |
| Total Mortgage Loan Application Amount | $56,510,000 |
| Average Mortgage Loan Application Amount | $239,449 |
| Highest Mortgage Loan Application Amount | $661,000 |
| Average Applicant Income | $116,338 |
| Highest Applicant Income | $5,325,000 |
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Act (HMDA) records Regal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 82 | $ 19,989,000 | $ 243,768 | $ 91,000 |
| Carroll, Maryland | 76 | $ 17,753,000 | $ 233,592 | $ 89,000 |
| York, Pennsylvania | 13 | $ 2,280,000 | $ 175,384 | $ 62,000 |
| Baltimore City, Maryland | 11 | $ 2,759,000 | $ 250,818 | $ 115,000 |
| Howard, Maryland | 7 | $ 2,699,000 | $ 385,571 | $ 112,000 |
| Montgomery, Maryland | 7 | $ 2,185,000 | $ 312,142 | $ 867,000 |
| Anne Arundel, Maryland | 5 | $ 742,000 | $ 148,400 | $ 62,000 |
| Frederick, Maryland | 4 | $ 1,284,000 | $ 321,000 | $ 87,000 |
| Adams, Pennsylvania | 4 | $ 414,000 | $ 103,500 | $ 38,000 |
| Cobb, Georgia | 3 | $ 559,000 | $ 186,333 | $ 54,000 |
| Dorchester, Maryland | 3 | $ 623,000 | $ 207,666 | $ 110,000 |
| Harford, Maryland | 3 | $ 1,193,000 | $ 397,666 | $ 102,000 |
| Kent, Maryland | 2 | $ 777,000 | $ 388,500 | $ 114,000 |
| Worcester, Maryland | 2 | $ 391,000 | $ 195,500 | $ 169,000 |
| Larimer, Colorado | 1 | $ 148,000 | $ 148,000 | $ 65,000 |
| Lee, Florida | 1 | $ 118,000 | $ 118,000 | $ 60,000 |
| Polk, Florida | 1 | $ 109,000 | $ 109,000 | $ 127,000 |
| Caroline, Maryland | 1 | $ 135,000 | $ 135,000 | $ 84,000 |
| Charles, Maryland | 1 | $ 185,000 | $ 185,000 | $ 61,000 |
| Garrett, Maryland | 1 | $ 220,000 | $ 220,000 | $ 125,000 |
| Queen Anne's, Maryland | 1 | $ 119,000 | $ 119,000 | $ 24,000 |
| Somerset, Maryland | 1 | $ 268,000 | $ 268,000 | $ 145,000 |
| Orange, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 186,000 |
| Charleston, South Carolina | 1 | $ 417,000 | $ 417,000 | $ 743,000 |
| Arlington, Virginia | 1 | $ 409,000 | $ 409,000 | $ 174,000 |
| Madison, Virginia | 1 | $ 338,000 | $ 338,000 | $ 170,000 |
| Berkeley, West Virginia | 1 | $ 118,000 | $ 118,000 | $ 31,000 |
| Jefferson, West Virginia | 1 | $ 178,000 | $ 178,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Regal Bank & Trust in 2009
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 | 188 | $46,679,000 | $248,000 | $660,000 | $125,000 | $5,325,000 |
| Home Improvement | 25 | $4,892,000 | $195,000 | $394,000 | $92,000 | $204,000 |
| Home Purchase | 23 | $4,939,000 | $214,000 | $661,000 | $72,000 | $230,000 |
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 | 214 | $51,408,000 | $240,000 | $660,000 | $121,000 | $5,325,000 |
| Black or African American | 16 | $3,408,000 | $213,000 | $417,000 | $91,000 | $195,000 |
| Not applicable | 4 | $1,312,000 | $328,000 | $661,000 | $0 | $0 |
| Hispanic | 2 | $382,000 | $191,000 | $240,000 | $48,000 | $55,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 229 | $55,319,000 | $241,000 | $661,000 | $118,000 | $5,325,000 |
| FHA-insured (Federal Housing Administration) | 6 | $806,000 | $134,000 | $240,000 | $35,000 | $55,000 |
| VA-guaranteed (Veterans Administration) | 1 | $385,000 | $385,000 | $385,000 | $71,000 | $71,000 |
| 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 | 116 | $25,968,000 | $223,000 | $661,000 | $145,000 | $5,325,000 |
| Application Withdrawn By Applicant | 49 | $13,599,000 | $277,000 | $660,000 | $95,000 | $396,000 |
| Application Denied By Financial Institution | 39 | $8,692,000 | $222,000 | $658,000 | $71,000 | $215,000 |
| File Closed For Incompleteness | 31 | $7,764,000 | $250,000 | $560,000 | $98,000 | $201,000 |
| Application Approved But Not Accepted | 1 | $487,000 | $487,000 | $487,000 | $135,000 | $135,000 |
| 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 | 16 | $3,704,000 | $231,000 | $658,000 | $70,000 | $153,000 |
| Debt-To-Income Ratio | 9 | $1,474,000 | $163,000 | $288,000 | $54,000 | $150,000 |
| Collateral | 8 | $1,992,000 | $249,000 | $410,000 | $76,000 | $215,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $361,000 | $361,000 | $361,000 | $130,000 | $130,000 |
| Other | 1 | $350,000 | $350,000 | $350,000 | $104,000 | $104,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Regal Bank & Trust's 2009 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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