Regal Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Regal Bank & Trust of Owings Mills, MD reported 133 mortgage applications totaling $32.9 million, down 18% from 2007. The average application was for $247,203, and applicants reported an average income of $97,421. 44% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Baltimore-Towson, MD (92), Bethesda-Frederick-Gaithersburg, MD (16) and Washington-Arlington-Alexandria, DC-VA-MD-WV (8) (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 | 133 |
| Total Mortgage Loan Application Amount | $32,878,000 |
| Average Mortgage Loan Application Amount | $247,203 |
| Highest Mortgage Loan Application Amount | $777,000 |
| Average Applicant Income | $97,421 |
| Highest Applicant Income | $600,000 |
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Act (HMDA) records Regal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baltimore-Towson, MD | 92 | $ 22,096,000 | $ 240,173 | $ 90,000 |
| Bethesda-Frederick-Gaithersburg, MD | 16 | $ 4,618,000 | $ 288,625 | $ 93,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 2,643,000 | $ 330,375 | $ 102,000 |
| York-Hanover, PA | 6 | $ 798,000 | $ 133,000 | $ 43,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 286,000 | $ 143,000 | $ 58,000 |
| Philadelphia, PA | 2 | $ 747,000 | $ 373,500 | $ 100,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 485,000 | $ 485,000 | $ 576,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 150,000 | $ 150,000 | $ 275,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 417,000 | $ 417,000 | $ 438,000 |
| Cumberland, MD-WV | 1 | $ 90,000 | $ 90,000 | $ 59,000 |
| Durham, NC | 1 | $ 108,000 | $ 108,000 | $ 195,000 |
Mortgage Loan Application Detail Totals for Regal Bank & Trust in 2008
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 | 90 | $23,552,000 | $261,000 | $777,000 | $97,000 | $576,000 |
| Home Purchase | 33 | $7,209,000 | $218,000 | $560,000 | $99,000 | $600,000 |
| Home Improvement | 10 | $2,117,000 | $211,000 | $380,000 | $96,000 | $174,000 |
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 | 107 | $27,546,000 | $257,000 | $777,000 | $103,000 | $600,000 |
| Black or African American | 19 | $3,938,000 | $207,000 | $455,000 | $91,000 | $181,000 |
| Hispanic | 5 | $756,000 | $151,000 | $280,000 | $37,000 | $72,000 |
| Not applicable | 1 | $538,000 | $538,000 | $538,000 | $0 | $0 |
| Not Provided | 1 | $100,000 | $100,000 | $100,000 | $30,000 | $30,000 |
| 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 |
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) | 116 | $29,093,000 | $250,000 | $777,000 | $100,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 14 | $3,364,000 | $240,000 | $404,000 | $78,000 | $181,000 |
| VA-guaranteed (Veterans Administration) | 3 | $421,000 | $140,000 | $166,000 | $64,000 | $75,000 |
| 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 | 59 | $14,724,000 | $249,000 | $550,000 | $108,000 | $576,000 |
| Application Withdrawn By Applicant | 33 | $7,808,000 | $236,000 | $570,000 | $84,000 | $178,000 |
| Application Denied By Financial Institution | 22 | $5,505,000 | $250,000 | $777,000 | $74,000 | $345,000 |
| File Closed For Incompleteness | 19 | $4,841,000 | $254,000 | $560,000 | $112,000 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $2,502,000 | $227,000 | $404,000 | $49,000 | $120,000 |
| Credit History | 9 | $2,413,000 | $268,000 | $777,000 | $100,000 | $345,000 |
| Collateral | 2 | $590,000 | $295,000 | $354,000 | $98,000 | $113,000 |
| 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 |
| 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 2008 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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