Riggs Bank NA Mortgage Lending & HMDA Data, 2004
In 2004, Riggs Bank NA of Washington, DC reported 1,858 mortgage applications totaling $451.8 million, down 31% from 2003. The average application was for $243,181, and applicants reported an average income of $83,412. 71% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (353), Bethesda-Frederick-Gaithersburg, MD (191) and Baltimore-Towson, MD (41) (applications in parentheses).
| Mortgage Company & Address | Riggs Bank NA 808 17th Street N.W. Washington, DC 20006 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 1,858 |
| Total Mortgage Loan Application Amount | $451,832,000 |
| Average Mortgage Loan Application Amount | $243,181 |
| Highest Mortgage Loan Application Amount | $4,550,000 |
| Average Applicant Income | $83,412 |
| Highest Applicant Income | $3,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Riggs Bank NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fairfax, Virginia | 439 | $ 104,357,000 | $ 237,715 | $ 92,000 |
| District of Columbia, District Of Columbia | 353 | $ 81,685,000 | $ 231,402 | $ 94,000 |
| Montgomery, Maryland | 185 | $ 50,662,000 | $ 273,848 | $ 125,000 |
| Prince George's, Maryland | 133 | $ 19,067,000 | $ 143,360 | $ 70,000 |
| Arlington, Virginia | 127 | $ 31,173,000 | $ 245,456 | $ 115,000 |
| Prince William, Virginia | 97 | $ 18,909,000 | $ 194,938 | $ 77,000 |
| Loudoun, Virginia | 69 | $ 15,164,000 | $ 219,768 | $ 83,000 |
| Alexandria, Virginia | 53 | $ 10,878,000 | $ 205,245 | $ 116,000 |
| Anne Arundel, Maryland | 20 | $ 6,030,000 | $ 301,500 | $ 111,000 |
| Los Angeles, California | 16 | $ 6,351,000 | $ 396,937 | $ 0 |
| Stafford, Virginia | 16 | $ 2,522,000 | $ 157,625 | $ 86,000 |
| Maricopa, Arizona | 15 | $ 5,890,000 | $ 392,666 | $ 0 |
| Howard, Maryland | 14 | $ 4,997,000 | $ 356,928 | $ 222,000 |
| Oakland, Michigan | 12 | $ 4,868,000 | $ 405,666 | $ 0 |
| San Diego, California | 9 | $ 3,153,000 | $ 350,333 | $ 0 |
| Orange, California | 8 | $ 2,291,000 | $ 286,375 | $ 0 |
| Jefferson, Colorado | 8 | $ 2,444,000 | $ 305,500 | $ 0 |
| Macomb, Michigan | 8 | $ 2,683,000 | $ 335,375 | $ 0 |
| Wayne, Michigan | 8 | $ 2,928,000 | $ 366,000 | $ 0 |
| Santa Clara, California | 7 | $ 1,374,000 | $ 196,285 | $ 0 |
| Denver, Colorado | 7 | $ 2,740,000 | $ 391,428 | $ 0 |
| Charles, Maryland | 7 | $ 1,037,000 | $ 148,142 | $ 76,000 |
| Fauquier, Virginia | 7 | $ 1,672,000 | $ 238,857 | $ 100,000 |
| King, Washington | 7 | $ 2,792,000 | $ 398,857 | $ 0 |
| Baltimore City, Maryland | 6 | $ 613,000 | $ 102,166 | $ 110,000 |
| Frederick, Maryland | 6 | $ 1,632,000 | $ 272,000 | $ 67,000 |
| Falls Church, Virginia | 6 | $ 1,008,000 | $ 168,000 | $ 55,000 |
| Alameda, California | 5 | $ 1,854,000 | $ 370,800 | $ 0 |
| Boulder, Colorado | 5 | $ 1,612,000 | $ 322,400 | $ 0 |
| Manassas, Virginia | 5 | $ 1,171,000 | $ 234,200 | $ 85,000 |
| Warren, Virginia | 5 | $ 539,000 | $ 107,800 | $ 82,000 |
| Sarasota, Florida | 4 | $ 1,190,000 | $ 297,500 | $ 0 |
| Clark, Nevada | 4 | $ 1,617,000 | $ 404,250 | $ 0 |
| Fairfax City, Virginia | 4 | $ 538,000 | $ 134,500 | $ 48,000 |
| Rockingham, Virginia | 4 | $ 796,000 | $ 199,000 | $ 88,000 |
| Spotsylvania, Virginia | 4 | $ 620,000 | $ 155,000 | $ 59,000 |
| Contra Costa, California | 3 | $ 594,000 | $ 198,000 | $ 0 |
| El Dorado, California | 3 | $ 1,527,000 | $ 509,000 | $ 0 |
| Sacramento, California | 3 | $ 928,000 | $ 309,333 | $ 0 |
| San Francisco, California | 3 | $ 611,000 | $ 203,666 | $ 0 |
| Sonoma, California | 3 | $ 742,000 | $ 247,333 | $ 0 |
| Lee, Florida | 3 | $ 735,000 | $ 245,000 | $ 0 |
| Miami-Dade, Florida | 3 | $ 644,000 | $ 214,666 | $ 0 |
| Fulton, Georgia | 3 | $ 1,063,000 | $ 354,333 | $ 0 |
| Somerset, Maryland | 3 | $ 1,363,000 | $ 454,333 | $ 149,000 |
| Pinal, Arizona | 2 | $ 651,000 | $ 325,500 | $ 0 |
| Monterey, California | 2 | $ 519,000 | $ 259,500 | $ 0 |
| Santa Barbara, California | 2 | $ 323,000 | $ 161,500 | $ 0 |
| Arapahoe, Colorado | 2 | $ 910,000 | $ 455,000 | $ 0 |
| El Paso, Colorado | 2 | $ 755,000 | $ 377,500 | $ 0 |
| Fairfield, Connecticut | 2 | $ 1,084,000 | $ 542,000 | $ 0 |
| Litchfield, Connecticut | 2 | $ 976,000 | $ 488,000 | $ 0 |
| New Haven, Connecticut | 2 | $ 513,000 | $ 256,500 | $ 0 |
| Maui, Hawaii | 2 | $ 779,000 | $ 389,500 | $ 0 |
| Calvert, Maryland | 2 | $ 230,000 | $ 115,000 | $ 92,000 |
| Wicomico, Maryland | 2 | $ 171,000 | $ 85,500 | $ 66,000 |
| Middlesex, Massachusetts | 2 | $ 279,000 | $ 139,500 | $ 0 |
| Suffolk, Massachusetts | 2 | $ 1,020,000 | $ 510,000 | $ 0 |
| Livingston, Michigan | 2 | $ 412,000 | $ 206,000 | $ 0 |
| Washtenaw, Michigan | 2 | $ 1,439,000 | $ 719,500 | $ 0 |
| Washoe, Nevada | 2 | $ 203,000 | $ 101,500 | $ 0 |
| Ocean, New Jersey | 2 | $ 781,000 | $ 390,500 | $ 0 |
| Nassau, New York | 2 | $ 636,000 | $ 318,000 | $ 0 |
| Queens, New York | 2 | $ 457,000 | $ 228,500 | $ 0 |
| Orange, North Carolina | 2 | $ 722,000 | $ 361,000 | $ 0 |
| Deschutes, Oregon | 2 | $ 753,000 | $ 376,500 | $ 0 |
| Washington, Oregon | 2 | $ 429,000 | $ 214,500 | $ 0 |
| Dallas, Texas | 2 | $ 681,000 | $ 340,500 | $ 0 |
| Augusta, Virginia | 2 | $ 171,000 | $ 85,500 | $ 88,000 |
| Fredericksburg, Virginia | 2 | $ 238,000 | $ 119,000 | $ 66,000 |
| Henrico, Virginia | 2 | $ 179,000 | $ 89,500 | $ 89,000 |
| King George, Virginia | 2 | $ 360,000 | $ 180,000 | $ 82,000 |
| Northumberland, Virginia | 2 | $ 309,000 | $ 154,500 | $ 68,000 |
| Page, Virginia | 2 | $ 404,000 | $ 202,000 | $ 65,000 |
| Rappahannock, Virginia | 2 | $ 248,000 | $ 124,000 | $ 53,000 |
| Richmond City, Virginia | 2 | $ 101,000 | $ 50,500 | $ 65,000 |
| Etowah, Alabama | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Mobile, Alabama | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Pima, Arizona | 1 | $ 349,000 | $ 349,000 | $ 0 |
| Mendocino, California | 1 | $ 601,000 | $ 601,000 | $ 0 |
| Placer, California | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Riverside, California | 1 | $ 215,000 | $ 215,000 | $ 0 |
| San Bernardino, California | 1 | $ 698,000 | $ 698,000 | $ 0 |
| San Mateo, California | 1 | $ 470,000 | $ 470,000 | $ 0 |
| Ventura, California | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Adams, Colorado | 1 | $ 248,000 | $ 248,000 | $ 0 |
| Douglas, Colorado | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Eagle, Colorado | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Elbert, Colorado | 1 | $ 220,000 | $ 220,000 | $ 0 |
| Larimer, Colorado | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Pitkin, Colorado | 1 | $ 202,000 | $ 202,000 | $ 0 |
| Summit, Colorado | 1 | $ 289,000 | $ 289,000 | $ 0 |
| New London, Connecticut | 1 | $ 360,000 | $ 360,000 | $ 0 |
| Bay, Florida | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Broward, Florida | 1 | $ 342,000 | $ 342,000 | $ 0 |
| Collier, Florida | 1 | $ 341,000 | $ 341,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 848,000 | $ 848,000 | $ 0 |
| Marion, Florida | 1 | $ 367,000 | $ 367,000 | $ 0 |
| Orange, Florida | 1 | $ 454,000 | $ 454,000 | $ 0 |
| Pinellas, Florida | 1 | $ 448,000 | $ 448,000 | $ 0 |
| Seminole, Florida | 1 | $ 447,000 | $ 447,000 | $ 0 |
| Walton, Florida | 1 | $ 511,000 | $ 511,000 | $ 0 |
| Hall, Georgia | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Ada, Idaho | 1 | $ 158,000 | $ 158,000 | $ 0 |
| Marion, Indiana | 1 | $ 368,000 | $ 368,000 | $ 0 |
| Guthrie, Iowa | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Bossier, Louisiana | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Baltimore, Maryland | 1 | $ 64,000 | $ 64,000 | $ 47,000 |
| Dorchester, Maryland | 1 | $ 135,000 | $ 135,000 | $ 91,000 |
| St. Mary's, Maryland | 1 | $ 82,000 | $ 82,000 | $ 89,000 |
| Talbot, Maryland | 1 | $ 500,000 | $ 500,000 | $ 312,000 |
| Washington, Maryland | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Worcester, Maryland | 1 | $ 648,000 | $ 648,000 | $ 0 |
| Bristol, Massachusetts | 1 | $ 322,000 | $ 322,000 | $ 0 |
| Tuscola, Michigan | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Clay, Missouri | 1 | $ 875,000 | $ 875,000 | $ 0 |
| Jackson, Missouri | 1 | $ 410,000 | $ 410,000 | $ 0 |
| St. Louis, Missouri | 1 | $ 298,000 | $ 298,000 | $ 0 |
| St. Louis City, Missouri | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 397,000 | $ 397,000 | $ 0 |
| Middlesex, New Jersey | 1 | $ 232,000 | $ 232,000 | $ 0 |
| Monmouth, New Jersey | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Passaic, New Jersey | 1 | $ 153,000 | $ 153,000 | $ 0 |
| Somerset, New Jersey | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Santa Fe, New Mexico | 1 | $ 280,000 | $ 280,000 | $ 0 |
| Kings, New York | 1 | $ 140,000 | $ 140,000 | $ 0 |
| New York, New York | 1 | $ 372,000 | $ 372,000 | $ 0 |
| Suffolk, New York | 1 | $ 560,000 | $ 560,000 | $ 0 |
| Westchester, New York | 1 | $ 304,000 | $ 304,000 | $ 0 |
| Buncombe, North Carolina | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Cabarrus, North Carolina | 1 | $ 376,000 | $ 376,000 | $ 0 |
| Currituck, North Carolina | 1 | $ 199,000 | $ 199,000 | $ 0 |
| Durham, North Carolina | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Pender, North Carolina | 1 | $ 352,000 | $ 352,000 | $ 0 |
| Wake, North Carolina | 1 | $ 240,000 | $ 240,000 | $ 0 |
| Franklin, Ohio | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Harney, Oregon | 1 | $ 158,000 | $ 158,000 | $ 0 |
| Jackson, Oregon | 1 | $ 372,000 | $ 372,000 | $ 0 |
| Montgomery, Pennsylvania | 1 | $ 367,000 | $ 367,000 | $ 0 |
| Providence, Rhode Island | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Oconee, South Carolina | 1 | $ 313,000 | $ 313,000 | $ 0 |
| Davidson, Tennessee | 1 | $ 288,000 | $ 288,000 | $ 0 |
| Williamson, Tennessee | 1 | $ 383,000 | $ 383,000 | $ 0 |
| Collin, Texas | 1 | $ 483,000 | $ 483,000 | $ 0 |
| Denton, Texas | 1 | $ 387,000 | $ 387,000 | $ 0 |
| Henderson, Texas | 1 | $ 640,000 | $ 640,000 | $ 0 |
| Montgomery, Texas | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Travis, Texas | 1 | $ 247,000 | $ 247,000 | $ 0 |
| Salt Lake, Utah | 1 | $ 351,000 | $ 351,000 | $ 0 |
| Albemarle, Virginia | 1 | $ 300,000 | $ 300,000 | $ 236,000 |
| Culpeper, Virginia | 1 | $ 151,000 | $ 151,000 | $ 43,000 |
| Manassas Park, Virginia | 1 | $ 268,000 | $ 268,000 | $ 64,000 |
| Nelson, Virginia | 1 | $ 155,000 | $ 155,000 | $ 275,000 |
| Newport News, Virginia | 1 | $ 160,000 | $ 160,000 | $ 81,000 |
| Westmoreland, Virginia | 1 | $ 240,000 | $ 240,000 | $ 85,000 |
| Clallam, Washington | 1 | $ 236,000 | $ 236,000 | $ 0 |
| Clark, Washington | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Whatcom, Washington | 1 | $ 318,000 | $ 318,000 | $ 0 |
Mortgage Loan Application Detail Totals for Riggs Bank NA 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,090 | $267,384,000 | $328,571 | $4,550,000 | $14,500 | $3,200,000 |
| Refinancing | 696 | $177,559,000 | $288,583 | $1,500,000 | $11,166 | $2,234,000 |
| Home Improvement | 72 | $6,889,000 | $97,333 | $1,000,000 | $81,000 | $406,000 |
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 | 879 | $220,692,000 | $265,000 | $3,600,000 | $133,666 | $3,200,000 |
| Not applicable | 281 | $99,526,000 | $373,406 | $4,550,000 | $375 | $58,000 |
| Black or African American | 267 | $40,913,000 | $189,500 | $1,000,000 | $74,250 | $1,100,000 |
| Not Provided | 210 | $47,531,000 | $222,666 | $1,366,000 | $98,000 | $550,000 |
| Hispanic | 118 | $21,430,000 | $176,000 | $541,000 | $66,000 | $147,000 |
| Asian | 97 | $20,405,000 | $210,666 | $845,000 | $105,666 | $320,000 |
| American Indian or Alaskan Native | 3 | $792,000 | $251,000 | $312,000 | $65,000 | $104,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $543,000 | $138,000 | $333,000 | $59,000 | $110,000 |
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) | 1,830 | $446,266,000 | $301,484 | $4,550,000 | $11,151 | $3,200,000 |
| FHA-insured (Federal Housing Administration) | 21 | $4,166,000 | $192,000 | $290,000 | $53,000 | $114,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,400,000 | $203,500 | $285,000 | $61,000 | $109,000 |
| 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 | 1,326 | $304,793,000 | $231,666 | $4,550,000 | $104,000 | $2,479,000 |
| Loan Purchased By The Institution | 277 | $94,512,000 | $310,903 | $1,000,000 | $0 | $0 |
| Application Withdrawn By Applicant | 123 | $29,523,000 | $240,666 | $1,218,000 | $126,000 | $3,200,000 |
| Application Denied By Financial Institution | 73 | $10,720,000 | $176,000 | $548,000 | $67,500 | $222,000 |
| Application Approved But Not Accepted | 43 | $10,275,000 | $234,666 | $1,000,000 | $89,333 | $900,000 |
| File Closed For Incompleteness | 16 | $2,009,000 | $126,000 | $256,000 | $69,333 | $120,000 |
| 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 | 31 | $3,951,000 | $199,750 | $390,000 | $73,000 | $160,000 |
| Debt-To-Income Ratio | 27 | $4,065,000 | $145,333 | $548,000 | $57,666 | $207,000 |
| Collateral | 4 | $1,122,000 | $280,500 | $412,000 | $126,500 | $222,000 |
| Other | 4 | $676,000 | $169,000 | $541,000 | $77,000 | $129,000 |
| Employment History | 3 | $391,000 | $130,000 | $220,000 | $77,000 | $107,000 |
| Unverifiable Information | 2 | $278,000 | $139,000 | $193,000 | $55,000 | $86,000 |
| Credit Application Incomplete | 1 | $25,000 | $25,000 | $25,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $212,000 | $212,000 | $212,000 | $54,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Riggs Bank NA'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 Riggs Bank NA'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 District of Columbia, download the full spreadsheet
with aggregated HMDA statistics today.
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