1-800-East/West Mortgage Co. Mortgage Lending & HMDA Data, 2011
In 2011, 1-800-East/West Mortgage Co. of Marlborough, MA reported 1,660 mortgage applications totaling $406.2 million, down 45% from 2010. The average application was for $244,709, and applicants reported an average income of $114,596. 73% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (335), Boston-Quincy, MA (276) and Peabody, MA (190) (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 | 1,660 |
| Total Mortgage Loan Application Amount | $406,218,000 |
| Average Mortgage Loan Application Amount | $244,709 |
| Highest Mortgage Loan Application Amount | $657,000 |
| Average Applicant Income | $114,596 |
| Highest Applicant Income | $1,120,000 |
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records 1-800-East/West Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 1,568 | $385,518,000 | $245,000 | $657,000 | $115,000 | $1,120,000 |
| Home Purchase | 85 | $19,333,000 | $227,000 | $529,000 | $110,000 | $586,000 |
| Home Improvement | 7 | $1,367,000 | $195,000 | $240,000 | $80,000 | $113,000 |
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 | 1,455 | $354,657,000 | $243,000 | $657,000 | $113,000 | $1,120,000 |
| Not Provided | 124 | $30,837,000 | $248,000 | $457,000 | $124,000 | $338,000 |
| Asian | 35 | $8,991,000 | $256,000 | $500,000 | $129,000 | $320,000 |
| Hispanic | 26 | $6,818,000 | $262,000 | $524,000 | $151,000 | $518,000 |
| Black or African American | 16 | $3,846,000 | $240,000 | $417,000 | $100,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $489,000 | $244,000 | $337,000 | $86,000 | $115,000 |
| American Indian or Alaskan Native | 2 | $580,000 | $290,000 | $297,000 | $129,000 | $143,000 |
| 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) | 1,412 | $344,365,000 | $243,000 | $657,000 | $117,000 | $1,120,000 |
| FHA-insured (Federal Housing Administration) | 244 | $60,621,000 | $248,000 | $529,000 | $98,000 | $300,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,232,000 | $308,000 | $388,000 | $115,000 | $166,000 |
| 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 | 1,206 | $296,565,000 | $245,000 | $657,000 | $118,000 | $1,120,000 |
| Application Denied By Financial Institution | 354 | $85,089,000 | $240,000 | $524,000 | $102,000 | $518,000 |
| Application Approved But Not Accepted | 45 | $11,274,000 | $250,000 | $417,000 | $117,000 | $518,000 |
| Application Withdrawn By Applicant | 42 | $10,403,000 | $247,000 | $524,000 | $133,000 | $576,000 |
| File Closed For Incompleteness | 11 | $2,181,000 | $198,000 | $406,000 | $82,000 | $126,000 |
| Preapproval Denied by Financial Institution | 2 | $706,000 | $353,000 | $388,000 | $69,000 | $77,000 |
| 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 | 245 | $60,246,000 | $245,000 | $524,000 | $110,000 | $518,000 |
| Debt-To-Income Ratio | 47 | $10,938,000 | $232,000 | $406,000 | $63,000 | $264,000 |
| Credit History | 37 | $8,137,000 | $219,000 | $364,000 | $94,000 | $267,000 |
| Other | 9 | $2,083,000 | $231,000 | $340,000 | $104,000 | $139,000 |
| Employment History | 8 | $1,822,000 | $227,000 | $365,000 | $69,000 | $139,000 |
| Unverifiable Information | 5 | $1,133,000 | $226,000 | $352,000 | $147,000 | $328,000 |
| Credit Application Incomplete | 2 | $794,000 | $397,000 | $406,000 | $134,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $452,000 | $226,000 | $296,000 | $103,000 | $138,000 |
| 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 2011 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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