Boston Private Bank & Trust Co Mortgage Lending & HMDA Data, 2016
In 2016, Boston Private Bank & Trust Co of Boston, MA reported 1,200 mortgage applications totaling $1.2 billion, up 7% from 2015. The average application was for $996,420, and applicants reported an average income of $367,064. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Boston, MA (350), Cambridge-Newton-Framingham, MA (257) and Los Angeles-Long Beach-Glendale, CA (257) (applications in parentheses).
| Mortgage Company & Address | Boston Private Bank & Trust Co Ten Post Office Square Boston, MA 02109 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,200 |
| Total Mortgage Loan Application Amount | $1,195,705,000 |
| Average Mortgage Loan Application Amount | $996,420 |
| Highest Mortgage Loan Application Amount | $21,000,000 |
| Average Applicant Income | $367,064 |
| Highest Applicant Income | $6,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Boston Private Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston, MA | 350 | $ 326,336,000 | $ 932,388 | $ 355,000 |
| Cambridge-Newton-Framingham, MA | 257 | $ 219,320,000 | $ 853,385 | $ 366,000 |
| Los Angeles-Long Beach-Glendale, CA | 257 | $ 276,740,000 | $ 1,076,809 | $ 378,000 |
| San Francisco-Redwood City-South San Francisco, CA | 150 | $ 147,673,000 | $ 984,486 | $ 273,000 |
| Barnstable Town, MA | 28 | $ 19,115,000 | $ 682,678 | $ 546,000 |
| San Rafael, CA | 14 | $ 21,516,000 | $ 1,536,857 | $ 313,000 |
| Providence-Warwick, RI-MA | 10 | $ 8,238,000 | $ 823,800 | $ 616,200 |
| Portland-South Portland, ME | 9 | $ 7,707,000 | $ 856,333 | $ 423,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 14,290,000 | $ 2,041,428 | $ 568,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 7 | $ 11,130,000 | $ 1,590,000 | $ 595,000 |
| San Diego-Carlsbad, CA | 7 | $ 10,609,000 | $ 1,515,571 | $ 450,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 8,519,000 | $ 1,217,000 | $ 326,000 |
| Anaheim-Santa Ana-Irvine, CA | 6 | $ 8,522,000 | $ 1,420,333 | $ 296,000 |
| Worcester, MA-CT | 6 | $ 27,789,000 | $ 4,631,500 | $ 57,000 |
| Santa Rosa, CA | 5 | $ 5,039,000 | $ 1,007,800 | $ 518,000 |
| Rockingham County-Strafford County, NH | 4 | $ 3,116,000 | $ 779,000 | $ 559,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 5,655,000 | $ 1,413,750 | $ 1,866,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 947,000 | $ 315,666 | $ 132,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 3,288,000 | $ 1,644,000 | $ 379,000 |
| Pittsfield, MA | 2 | $ 1,699,000 | $ 849,500 | $ 989,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,874,000 | $ 937,000 | $ 621,000 |
| Salinas, CA | 2 | $ 2,817,000 | $ 1,408,500 | $ 453,000 |
| Fresno, CA | 1 | $ 1,220,000 | $ 1,220,000 | $ 293,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,520,000 | $ 1,520,000 | $ 1,219,000 |
| Napa, CA | 1 | $ 1,370,000 | $ 1,370,000 | $ 588,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 3,680,000 | $ 3,680,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 140,000 | $ 140,000 | $ 279,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 360,000 | $ 360,000 | $ 220,000 |
| Springfield, MA | 1 | $ 191,000 | $ 191,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Co in 2016
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 | 646 | $557,474,000 | $862,000 | $21,000,000 | $293,000 | $6,197,000 |
| Refinancing | 499 | $587,122,000 | $1,176,000 | $15,500,000 | $471,000 | $6,500,000 |
| Home Improvement | 55 | $51,109,000 | $929,000 | $3,600,000 | $294,000 | $1,121,000 |
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 | 819 | $848,050,000 | $1,035,000 | $6,600,000 | $451,000 | $6,500,000 |
| Hispanic | 135 | $52,951,000 | $392,000 | $2,625,000 | $133,000 | $1,142,000 |
| Asian | 107 | $65,435,000 | $611,000 | $5,000,000 | $185,000 | $2,392,000 |
| Not Provided | 67 | $66,006,000 | $985,000 | $5,340,000 | $427,000 | $4,950,000 |
| Black or African American | 37 | $14,810,000 | $400,000 | $1,800,000 | $123,000 | $683,000 |
| Not applicable | 34 | $148,256,000 | $4,360,000 | $21,000,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 1 | $197,000 | $197,000 | $197,000 | $63,000 | $63,000 |
| American Indian or Alaskan Native | 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) | 1,200 | $1,195,705,000 | $996,000 | $21,000,000 | $367,000 | $6,500,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 965 | $958,761,000 | $993,000 | $21,000,000 | $369,000 | $6,197,000 |
| Application Withdrawn By Applicant | 103 | $96,090,000 | $932,000 | $5,500,000 | $359,000 | $4,950,000 |
| Application Denied By Financial Institution | 58 | $82,605,000 | $1,424,000 | $5,000,000 | $484,000 | $6,500,000 |
| Application Approved But Not Accepted | 31 | $36,835,000 | $1,188,000 | $3,500,000 | $441,000 | $2,172,000 |
| Preapproval Denied by Financial Institution | 28 | $14,937,000 | $533,000 | $3,000,000 | $102,000 | $452,000 |
| Loan Purchased By The Institution | 8 | $1,183,000 | $147,000 | $179,000 | $36,000 | $48,000 |
| File Closed For Incompleteness | 7 | $5,294,000 | $756,000 | $2,090,000 | $309,000 | $1,040,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 43 | $48,365,000 | $1,124,000 | $5,000,000 | $144,000 | $657,000 |
| Collateral | 16 | $27,236,000 | $1,702,000 | $4,875,000 | $1,035,000 | $6,500,000 |
| Credit History | 15 | $9,316,000 | $621,000 | $1,950,000 | $288,000 | $1,500,000 |
| Other | 9 | $8,786,000 | $976,000 | $3,500,000 | $264,000 | $992,000 |
| Unverifiable Information | 3 | $3,839,000 | $1,279,000 | $2,000,000 | $494,000 | $780,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Private Bank & Trust Co's 2016 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 Boston Private Bank & Trust 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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