1-800-East/West Mortgage Co. Mortgage Lending & HMDA Data, 2012
In 2012, 1-800-East/West Mortgage Co. of Marlborough, MA reported 2,162 mortgage applications totaling $538.5 million, up 30% from 2011. The average application was for $249,079, and applicants reported an average income of $117,506. 75% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (413), Boston-Quincy, MA (364) and Peabody, MA (227) (applications in parentheses).
| Mortgage Company & Address | 1-800-East/West Mortgage Co. 171 Locke Drive Suite 107 Marlborough, MA 01752 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,162 |
| Total Mortgage Loan Application Amount | $538,509,000 |
| Average Mortgage Loan Application Amount | $249,079 |
| Highest Mortgage Loan Application Amount | $530,000 |
| Average Applicant Income | $117,506 |
| Highest Applicant Income | $625,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1-800-East/West Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for 1-800-East/West Mortgage Co. in 2012
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 | 2,072 | $518,931,000 | $250,000 | $468,000 | $118,000 | $625,000 |
| Home Purchase | 69 | $15,440,000 | $223,000 | $530,000 | $108,000 | $377,000 |
| Home Improvement | 21 | $4,138,000 | $197,000 | $368,000 | $100,000 | $344,000 |
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 | 1,863 | $463,607,000 | $248,000 | $530,000 | $117,000 | $625,000 |
| Not Provided | 212 | $53,168,000 | $250,000 | $468,000 | $122,000 | $538,000 |
| Asian | 41 | $11,227,000 | $273,000 | $415,000 | $124,000 | $283,000 |
| Hispanic | 29 | $6,182,000 | $213,000 | $345,000 | $116,000 | $377,000 |
| Black or African American | 14 | $3,507,000 | $250,000 | $411,000 | $106,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $463,000 | $231,000 | $241,000 | $120,000 | $149,000 |
| American Indian or Alaskan Native | 1 | $355,000 | $355,000 | $355,000 | $211,000 | $211,000 |
| 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) | 1,955 | $486,848,000 | $249,000 | $466,000 | $119,000 | $625,000 |
| FHA-insured (Federal Housing Administration) | 207 | $51,661,000 | $249,000 | $530,000 | $104,000 | $259,000 |
| 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 | 1,626 | $406,542,000 | $250,000 | $468,000 | $121,000 | $625,000 |
| Application Denied By Financial Institution | 432 | $106,942,000 | $247,000 | $435,000 | $106,000 | $413,000 |
| Application Approved But Not Accepted | 48 | $12,000,000 | $250,000 | $417,000 | $114,000 | $283,000 |
| Application Withdrawn By Applicant | 36 | $8,190,000 | $227,000 | $417,000 | $116,000 | $280,000 |
| File Closed For Incompleteness | 14 | $3,151,000 | $225,000 | $355,000 | $125,000 | $205,000 |
| Preapproval Denied by Financial Institution | 6 | $1,684,000 | $280,000 | $530,000 | $96,000 | $162,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 307 | $76,589,000 | $249,000 | $435,000 | $113,000 | $413,000 |
| Debt-To-Income Ratio | 58 | $13,518,000 | $233,000 | $399,000 | $62,000 | $203,000 |
| Credit History | 30 | $6,572,000 | $219,000 | $417,000 | $98,000 | $254,000 |
| Employment History | 16 | $4,852,000 | $303,000 | $415,000 | $126,000 | $395,000 |
| Other | 13 | $3,119,000 | $239,000 | $380,000 | $101,000 | $176,000 |
| Unverifiable Information | 9 | $2,335,000 | $259,000 | $383,000 | $113,000 | $235,000 |
| Credit Application Incomplete | 4 | $1,378,000 | $344,000 | $530,000 | $120,000 | $162,000 |
| Mortgage Insurance Denied | 1 | $263,000 | $263,000 | $263,000 | $111,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1-800-East/West Mortgage Co.'s 2012 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 1-800-East/West Mortgage Co.'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 Massachusetts, download the full spreadsheet
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