1-800-East/West Mortgage Co. Mortgage Lending & HMDA Data, 2007
In 2007, 1-800-East/West Mortgage Co. of Marlborough, MA reported 2,699 mortgage applications totaling $607.5 million, down 28% from 2006. The average application was for $225,101, and applicants reported an average income of $85,476. 75% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Boston-Quincy, MA (373), Hartford-West Hartford-East Hartford, CT (366) and Cambridge-Newton-Framingham, MA (281) (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 | 2,699 |
| Total Mortgage Loan Application Amount | $607,548,000 |
| Average Mortgage Loan Application Amount | $225,101 |
| Highest Mortgage Loan Application Amount | $864,000 |
| Average Applicant Income | $85,476 |
| Highest Applicant Income | $1,400,000 |
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records 1-800-East/West Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 2,338 | $526,605,000 | $225,000 | $864,000 | $83,000 | $1,400,000 |
| Home Purchase | 336 | $75,607,000 | $225,000 | $780,000 | $102,000 | $648,000 |
| Home Improvement | 25 | $5,336,000 | $213,000 | $417,000 | $95,000 | $269,000 |
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 | 2,248 | $505,941,000 | $225,000 | $864,000 | $86,000 | $1,400,000 |
| Not Provided | 327 | $72,614,000 | $222,000 | $615,000 | $86,000 | $500,000 |
| Hispanic | 50 | $11,195,000 | $223,000 | $389,000 | $76,000 | $209,000 |
| Black or African American | 47 | $10,870,000 | $231,000 | $375,000 | $77,000 | $154,000 |
| Asian | 23 | $6,306,000 | $274,000 | $586,000 | $108,000 | $211,000 |
| American Indian or Alaskan Native | 4 | $622,000 | $155,000 | $291,000 | $71,000 | $87,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 2,152 | $481,067,000 | $223,000 | $864,000 | $86,000 | $1,400,000 |
| FHA-insured (Federal Housing Administration) | 533 | $122,732,000 | $230,000 | $476,000 | $82,000 | $196,000 |
| VA-guaranteed (Veterans Administration) | 14 | $3,749,000 | $267,000 | $400,000 | $83,000 | $131,000 |
| 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 | 2,013 | $450,015,000 | $223,000 | $864,000 | $86,000 | $1,400,000 |
| Application Denied By Financial Institution | 333 | $78,205,000 | $234,000 | $615,000 | $79,000 | $444,000 |
| Application Approved But Not Accepted | 169 | $37,889,000 | $224,000 | $700,000 | $89,000 | $535,000 |
| Application Withdrawn By Applicant | 153 | $34,405,000 | $224,000 | $748,000 | $86,000 | $355,000 |
| File Closed For Incompleteness | 31 | $7,034,000 | $226,000 | $600,000 | $79,000 | $375,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 179 | $42,004,000 | $234,000 | $496,000 | $81,000 | $207,000 |
| Debt-To-Income Ratio | 48 | $11,462,000 | $238,000 | $407,000 | $68,000 | $199,000 |
| Other | 46 | $10,607,000 | $230,000 | $468,000 | $88,000 | $444,000 |
| Credit History | 35 | $8,151,000 | $232,000 | $615,000 | $83,000 | $250,000 |
| Employment History | 13 | $3,567,000 | $274,000 | $410,000 | $54,000 | $126,000 |
| Credit Application Incomplete | 6 | $1,276,000 | $212,000 | $272,000 | $80,000 | $139,000 |
| Unverifiable Information | 5 | $877,000 | $175,000 | $203,000 | $60,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $261,000 | $261,000 | $261,000 | $63,000 | $63,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1-800-East/West Mortgage Co.'s 2007 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
with aggregated HMDA statistics today.
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