United Medical Bank Mortgage Lending & HMDA Data, 2006

In 2006, United Medical Bank of Rockville, MD reported 1,401 mortgage applications totaling $293.3 million, down 28% from 2005. The average application was for $209,347, and applicants reported an average income of $112,175. 69% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (162), Pittsburgh, PA (80) and Newark-Union, NJ-PA (66) (applications in parentheses).

Mortgage Company & Address United Medical Bank
800 King Farm Blvd
Rockville, MD 20850
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 1,401
Total Mortgage Loan Application Amount $293,296,000
Average Mortgage Loan Application Amount $209,347
Highest Mortgage Loan Application Amount $1,495,000
Average Applicant Income $112,175
Highest Applicant Income $3,396,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Medical Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for United Medical Bank by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Washington-Arlington-Alexandria, DC-VA-MD-WV 162 $ 56,725,000 $ 350,154 $ 128,296
Pittsburgh, PA 80 $ 11,561,000 $ 144,512 $ 92,000
Newark-Union, NJ-PA 66 $ 13,085,000 $ 198,257 $ 110,424
Philadelphia, PA 60 $ 11,596,000 $ 193,266 $ 88,000
New York-White Plains-Wayne, NY-NJ 57 $ 15,241,000 $ 267,385 $ 117,543
Baltimore-Towson, MD 49 $ 12,463,000 $ 254,346 $ 123,000
Minneapolis-St. Paul-Bloomington, MN-WI 37 $ 2,543,000 $ 68,729 $ 53,000
York-Hanover, PA 34 $ 3,149,000 $ 92,617 $ 71,000
Edison, NJ 31 $ 10,583,000 $ 341,387 $ 284,000
Tampa-St. Petersburg-Clearwater, FL 25 $ 4,101,000 $ 164,040 $ 60,000
Bethesda-Gaithersburg-Frederick, MD 24 $ 7,762,000 $ 323,416 $ 194,000
Denver-Aurora, CO 24 $ 4,157,000 $ 173,208 $ 104,000
Chicago-Naperville-Joliet, IL 23 $ 5,137,000 $ 223,347 $ 116,000
Fort Worth-Arlington, TX 22 $ 2,433,000 $ 110,590 $ 48,000
Atlanta-Sandy Springs-Marietta, GA 21 $ 2,575,000 $ 122,619 $ 125,000
Orlando-Kissimmee, FL 19 $ 3,783,000 $ 199,105 $ 93,000
Cincinnati-Middletown, OH-KY-IN 18 $ 2,527,000 $ 140,388 $ 84,444
Cumberland, MD-WV 18 $ 2,150,000 $ 119,444 $ 81,000
Virginia Beach-Norfolk-Newport News, VA-NC 17 $ 3,811,000 $ 224,176 $ 83,000
Camden, NJ 16 $ 3,201,000 $ 200,062 $ 91,000
Boston-Quincy, MA 15 $ 4,889,000 $ 325,933 $ 90,000
Phoenix-Mesa-Scottsdale, AZ 15 $ 3,133,000 $ 208,866 $ 164,000
Salisbury, MD 13 $ 2,152,000 $ 165,538 $ 78,000
Allentown-Bethlehem-Easton, PA-NJ 12 $ 2,082,000 $ 173,500 $ 88,833
Harrisburg-Carlisle, PA 12 $ 942,000 $ 78,500 $ 132,000
Atlantic City, NJ 10 $ 3,760,000 $ 376,000 $ 192,000
Cape Coral-Fort Myers, FL 10 $ 2,036,000 $ 203,600 $ 202,000
Los Angeles-Long Beach-Glendale, CA 10 $ 3,174,000 $ 317,400 $ 166,000
Miami-Miami Beach-Kendall, FL 10 $ 2,219,000 $ 221,900 $ 681,000
Riverside-San Bernardino-Ontario, CA 9 $ 3,024,000 $ 336,000 $ 157,000
Santa Ana-Anaheim-Irvine, CA 9 $ 3,788,000 $ 420,888 $ 69,000
Wichita, KS 9 $ 785,000 $ 87,222 $ 76,000
Houston-Sugar Land-Baytown, TX 8 $ 1,119,000 $ 139,875 $ 104,000
Tacoma, WA 8 $ 1,424,000 $ 178,000 $ 69,000
Dallas-Plano-Irving, TX 7 $ 645,000 $ 92,142 $ 50,000
New Haven-Milford, CT 7 $ 910,000 $ 130,000 $ 57,000
Palm Bay-Melbourne-Titusville, FL 7 $ 1,067,000 $ 152,428 $ 55,000
Portland-Vancouver-Beaverton, OR-WA 7 $ 1,382,000 $ 197,428 $ 49,571
Tucson, AZ 7 $ 987,000 $ 141,000 $ 60,000
Charlotte-Gastonia-Concord, NC-SC 6 $ 637,000 $ 106,166 $ 89,500
Memphis, TN-MS-AR 6 $ 841,000 $ 140,166 $ 99,000
Nassau-Suffolk, NY 6 $ 2,551,000 $ 425,166 $ 171,000
Sarasota-Bradenton-Venice, FL 6 $ 1,094,000 $ 182,333 $ 98,000
Scranton--Wilkes-Barre, PA 6 $ 904,000 $ 150,666 $ 113,000
Syracuse, NY 6 $ 777,000 $ 129,500 $ 149,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 5 $ 1,664,000 $ 332,800 $ 258,000
Hagerstown-Martinsburg, MD-WV 5 $ 963,000 $ 192,600 $ 112,800
Hartford-West Hartford-East Hartford, CT 5 $ 1,130,000 $ 226,000 $ 103,000
Manchester-Nashua, NH 5 $ 846,000 $ 169,200 $ 82,000
Omaha-Council Bluffs, NE-IA 5 $ 548,000 $ 109,600 $ 59,000
Port St. Lucie-Fort Pierce, FL 5 $ 777,000 $ 155,400 $ 67,000
Raleigh-Cary, NC 5 $ 465,000 $ 93,000 $ 219,000
San Diego-Carlsbad-San Marcos, CA 5 $ 1,484,000 $ 296,800 $ 88,000
Seattle-Bellevue-Everett, WA 5 $ 1,126,000 $ 225,200 $ 90,000
Warren-Troy-Farmington Hills, MI 5 $ 607,000 $ 121,400 $ 69,000
Columbus, OH 4 $ 386,000 $ 96,500 $ 64,000
Deltona-Daytona Beach-Ormond Beach, FL 4 $ 401,000 $ 100,250 $ 24,000
Detroit-Livonia-Dearborn, MI 4 $ 589,000 $ 147,250 $ 134,000
Kingsport-Bristol-Bristol, TN-VA 4 $ 561,000 $ 140,250 $ 22,500
Las Vegas-Paradise, NV 4 $ 1,173,000 $ 293,250 $ 107,000
Panama City-Lynn Haven, FL 4 $ 1,521,000 $ 380,250 $ 137,000
Toledo, OH 4 $ 766,000 $ 191,500 $ 75,000
West Palm Beach-Boca Raton-Boynton Beach, FL 4 $ 1,167,000 $ 291,750 $ 115,000
Winchester, VA-WV 4 $ 689,000 $ 172,250 $ 43,000
Boulder, CO 3 $ 665,000 $ 221,666 $ 198,000
Bridgeport-Stamford-Norwalk, CT 3 $ 635,000 $ 211,666 $ 40,000
Charleston-North Charleston, SC 3 $ 327,000 $ 109,000 $ 200,000
Cleveland-Elyria-Mentor, OH 3 $ 396,000 $ 132,000 $ 98,000
Dayton, OH 3 $ 371,000 $ 123,666 $ 78,000
Honolulu, HI 3 $ 1,087,000 $ 362,333 $ 96,000
Lakeland, FL 3 $ 368,000 $ 122,666 $ 41,000
Myrtle Beach-Conway-North Myrtle Beach, SC 3 $ 640,000 $ 213,333 $ 86,000
Ocala, FL 3 $ 336,000 $ 112,000 $ 39,000
Pueblo, CO 3 $ 281,000 $ 93,666 $ 38,000
Reading, PA 3 $ 756,000 $ 252,000 $ 70,000
Rockingham County-Strafford County, NH 3 $ 682,000 $ 227,333 $ 79,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 723,000 $ 241,000 $ 205,000
Stockton, CA 3 $ 923,000 $ 307,666 $ 314,000
Trenton-Ewing, NJ 3 $ 1,052,000 $ 350,666 $ 115,000
Wilmington, DE-MD-NJ 3 $ 673,000 $ 224,333 $ 101,000
Altoona, PA 2 $ 91,000 $ 45,500 $ 69,000
Boise City-Nampa, ID 2 $ 236,000 $ 118,000 $ 59,000
Colorado Springs, CO 2 $ 369,000 $ 184,500 $ 139,000
Essex County, MA 2 $ 487,000 $ 243,500 $ 89,000
Idaho Falls, ID 2 $ 123,000 $ 61,500 $ 37,000
Jackson, MS 2 $ 156,000 $ 78,000 $ 42,000
Jacksonville, FL 2 $ 595,000 $ 297,500 $ 104,000
Kalamazoo-Portage, MI 2 $ 199,000 $ 99,500 $ 72,000
Lafayette, IN 2 $ 189,000 $ 94,500 $ 49,000
Lincoln, NE 2 $ 334,000 $ 167,000 $ 22,000
Nashville-Davidson--Murfreesboro, TN 2 $ 193,000 $ 96,500 $ 113,000
Oakland-Fremont-Hayward, CA 2 $ 910,000 $ 455,000 $ 270,000
Portland-South Portland-Biddeford, ME 2 $ 420,000 $ 210,000 $ 95,000
Poughkeepsie-Newburgh-Middletown, NY 2 $ 320,000 $ 160,000 $ 78,000
Reno-Sparks, NV 2 $ 685,000 $ 342,500 $ 93,000
Richmond, VA 2 $ 304,000 $ 152,000 $ 117,000
Rockford, IL 2 $ 280,000 $ 140,000 $ 122,000
San Luis Obispo-Paso Robles, CA 2 $ 583,000 $ 291,500 $ 122,000
Sebastian-Vero Beach, FL 2 $ 212,000 $ 106,000 $ 123,000
Springfield, MO 2 $ 137,000 $ 68,500 $ 140,000
Youngstown-Warren-Boardman, OH-PA 2 $ 613,000 $ 306,500 $ 113,000
Asheville, NC 1 $ 159,000 $ 159,000 $ 78,000
Austin-Round Rock, TX 1 $ 248,000 $ 248,000 $ 132,000
Bangor, ME 1 $ 113,000 $ 113,000 $ 46,000
Barnstable Town, MA 1 $ 158,000 $ 158,000 $ 61,000
Bellingham, WA 1 $ 171,000 $ 171,000 $ 58,000
Bend, OR 1 $ 128,000 $ 128,000 $ 70,000
Birmingham-Hoover, AL 1 $ 392,000 $ 392,000 $ 140,000
Blacksburg-Christiansburg-Radford, VA 1 $ 189,000 $ 189,000 $ 42,000
Bremerton-Silverdale, WA 1 $ 130,000 $ 130,000 $ 29,000
Burlington, NC 1 $ 262,000 $ 262,000 $ 81,000
Carson City, NV 1 $ 231,000 $ 231,000 $ 65,000
Casper, WY 1 $ 154,000 $ 154,000 $ 60,000
Cedar Rapids, IA 1 $ 81,000 $ 81,000 $ 336,000
Charlottesville, VA 1 $ 145,000 $ 145,000 $ 52,000
Clarksville, TN-KY 1 $ 90,000 $ 90,000 $ 36,000
Columbus, GA-AL 1 $ 60,000 $ 60,000 $ 98,000
Dalton, GA 1 $ 95,000 $ 95,000 $ 11,000
Danville, VA 1 $ 152,000 $ 152,000 $ 41,000
Davenport-Moline-Rock Island, IA-IL 1 $ 67,000 $ 67,000 $ 49,000
Dover, DE 1 $ 156,000 $ 156,000 $ 35,000
Durham, NC 1 $ 420,000 $ 420,000 $ 184,000
Eugene-Springfield, OR 1 $ 352,000 $ 352,000 $ 282,000
Fayetteville-Springdale-Rogers, AR-MO 1 $ 207,000 $ 207,000 $ 71,000
Florence, SC 1 $ 86,000 $ 86,000 $ 108,000
Fort Smith, AR-OK 1 $ 54,000 $ 54,000 $ 143,000
Fort Walton Beach-Crestview-Destin, FL 1 $ 408,000 $ 408,000 $ 106,000
Fresno, CA 1 $ 513,000 $ 513,000 $ 360,000
Indianapolis-Carmel, IN 1 $ 50,000 $ 50,000 $ 88,000
Jackson, MI 1 $ 175,000 $ 175,000 $ 54,000
Jacksonville, NC 1 $ 80,000 $ 80,000 $ 36,000
Lebanon, PA 1 $ 237,000 $ 237,000 $ 146,000
Lewiston-Auburn, ME 1 $ 149,000 $ 149,000 $ 75,000
Louisville-Jefferson County, KY-IN 1 $ 162,000 $ 162,000 $ 66,000
Lynchburg, VA 1 $ 94,000 $ 94,000 $ 35,000
Mount Vernon-Anacortes, WA 1 $ 182,000 $ 182,000 $ 66,000
Muskegon-Norton Shores, MI 1 $ 182,000 $ 182,000 $ 50,000
Naples-Marco Island, FL 1 $ 239,000 $ 239,000 $ 71,000
New Orleans-Metairie-Kenner, LA 1 $ 296,000 $ 296,000 $ 98,000
Ocean City, NJ 1 $ 370,000 $ 370,000 $ 177,000
Parkersburg-Marietta-Vienna, WV-OH 1 $ 50,000 $ 50,000 $ 36,000
Pittsfield, MA 1 $ 160,000 $ 160,000 $ 50,000
Prescott, AZ 1 $ 190,000 $ 190,000 $ 71,000
Provo-Orem, UT 1 $ 208,000 $ 208,000 $ 0
Rochester, NY 1 $ 53,000 $ 53,000 $ 174,000
Rocky Mount, NC 1 $ 42,000 $ 42,000 $ 0
Salt Lake City, UT 1 $ 186,000 $ 186,000 $ 77,000
San Antonio, TX 1 $ 329,000 $ 329,000 $ 300,000
San Jose-Sunnyvale-Santa Clara, CA 1 $ 559,000 $ 559,000 $ 354,000
Santa Fe, NM 1 $ 140,000 $ 140,000 $ 72,000
Spartanburg, SC 1 $ 62,000 $ 62,000 $ 64,000
Spokane, WA 1 $ 154,000 $ 154,000 $ 43,000
St. Louis, MO-IL 1 $ 148,000 $ 148,000 $ 67,000
Tulsa, OK 1 $ 80,000 $ 80,000 $ 46,000
Vallejo-Fairfield, CA 1 $ 215,000 $ 215,000 $ 81,000
Vineland-Millville-Bridgeton, NJ 1 $ 71,000 $ 71,000 $ 49,000
Visalia-Porterville, CA 1 $ 329,000 $ 329,000 $ 156,000
Waco, TX 1 $ 323,000 $ 323,000 $ 0
Williamsport, PA 1 $ 190,000 $ 190,000 $ 65,000
Worcester, MA 1 $ 24,000 $ 24,000 $ 0

Mortgage Loan Application Detail Totals for United Medical Bank 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 975 $218,353,000 $223,000 $1,464,000 $114,000 $3,396,000
Home Purchase 426 $74,943,000 $175,000 $1,495,000 $108,000 $596,000
Home Improvement 0 $0 $0 $0 $0 $0

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 881 $181,852,000 $206,000 $1,495,000 $106,000 $831,000
Black or African American 219 $51,739,000 $236,000 $750,000 $103,000 $478,000
Not Provided 209 $39,213,000 $187,000 $825,000 $151,000 $3,396,000
Hispanic 61 $11,976,000 $196,000 $650,000 $89,000 $276,000
Asian 22 $6,142,000 $279,000 $678,000 $128,000 $255,000
Native Hawaiian or Other Pacific Islander 7 $1,967,000 $281,000 $480,000 $137,000 $216,000
American Indian or Alaskan Native 2 $407,000 $203,000 $267,000 $85,000 $99,000
Not applicable 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) 1,381 $290,214,000 $210,000 $1,495,000 $113,000 $3,396,000
FHA-insured (Federal Housing Administration) 20 $3,082,000 $154,000 $302,000 $59,000 $100,000
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 970 $215,106,000 $221,000 $1,495,000 $106,000 $874,000
Application Denied By Financial Institution 206 $34,196,000 $166,000 $1,170,000 $152,000 $3,396,000
Application Approved But Not Accepted 186 $35,422,000 $190,000 $900,000 $98,000 $315,000
Application Withdrawn By Applicant 37 $8,117,000 $219,000 $998,000 $112,000 $596,000
File Closed For Incompleteness 2 $455,000 $227,000 $350,000 $273,000 $312,000
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
Other 93 $14,930,000 $160,000 $750,000 $130,000 $3,396,000
Collateral 30 $4,590,000 $153,000 $650,000 $134,000 $420,000
Debt-To-Income Ratio 29 $5,918,000 $204,000 $1,170,000 $134,000 $600,000
Unverifiable Information 16 $2,655,000 $165,000 $371,000 $141,000 $837,000
Credit Application Incomplete 14 $2,468,000 $176,000 $387,000 $467,000 $837,000
Credit History 13 $2,163,000 $166,000 $559,000 $114,000 $354,000
Insufficient Cash (Downpayment, Closing Cost) 8 $936,000 $117,000 $450,000 $95,000 $276,000
Employment History 2 $490,000 $245,000 $396,000 $74,000 $110,000
Mortgage Insurance Denied 1 $46,000 $46,000 $46,000 $136,000 $136,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into United Medical Bank'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 United Medical Bank'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.
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