Boston Private Bank & Trust Co Mortgage Lending & HMDA Data, 2007
In 2007, Boston Private Bank & Trust Co of Boston, MA reported 1,126 mortgage applications totaling $447.8 million, up 22% from 2006. The average application was for $397,659, and applicants reported an average income of $241,283. 86% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston-Quincy, MA (598), Cambridge-Newton-Framingham, MA (306) and Peabody, MA (108) (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 | 1,126 |
| Total Mortgage Loan Application Amount | $447,765,000 |
| Average Mortgage Loan Application Amount | $397,659 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $241,283 |
| Highest Applicant Income | $9,999,000 |
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records Boston Private Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Quincy, MA | 598 | $ 206,465,000 | $ 345,259 | $ 182,000 |
| Cambridge-Newton-Framingham, MA | 306 | $ 105,280,000 | $ 344,052 | $ 188,000 |
| Peabody, MA | 108 | $ 53,608,000 | $ 496,370 | $ 348,000 |
| Barnstable Town, MA | 27 | $ 26,939,000 | $ 997,740 | $ 661,000 |
| Providence-New Bedford-Fall River, RI-MA | 19 | $ 11,064,000 | $ 582,315 | $ 1,062,947 |
| Worcester, MA | 10 | $ 1,670,000 | $ 167,000 | $ 97,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,943,000 | $ 485,750 | $ 224,000 |
| Rockingham County-Strafford County, NH | 4 | $ 2,017,000 | $ 504,250 | $ 578,000 |
| Pittsfield, MA | 3 | $ 3,550,000 | $ 1,183,333 | $ 620,000 |
| Portland-South Portland-Biddeford, ME | 3 | $ 1,704,000 | $ 568,000 | $ 500,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 457,000 | $ 228,500 | $ 158,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 1,756,000 | $ 878,000 | $ 724,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 160,000 | $ 160,000 | $ 12,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 850,000 | $ 850,000 | $ 337,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 340,000 | $ 340,000 | $ 105,000 |
| Nassau-Suffolk, NY | 1 | $ 2,550,000 | $ 2,550,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 2,000,000 | $ 2,000,000 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 1,000,000 | $ 1,000,000 | $ 1,009,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 1,100,000 | $ 1,100,000 | $ 817,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 2,660,000 | $ 2,660,000 | $ 2,772,000 |
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 921 | $318,114,000 | $345,000 | $5,000,000 | $230,000 | $9,999,000 |
| Refinancing | 175 | $104,438,000 | $596,000 | $4,174,000 | $251,000 | $1,835,000 |
| Home Improvement | 30 | $25,213,000 | $840,000 | $3,315,000 | $531,000 | $3,051,000 |
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 | 722 | $328,779,000 | $455,000 | $5,000,000 | $279,000 | $9,999,000 |
| Not Provided | 125 | $70,503,000 | $564,000 | $3,499,000 | $414,000 | $7,215,000 |
| Black or African American | 101 | $12,184,000 | $120,000 | $1,408,000 | $63,000 | $1,021,000 |
| Asian | 94 | $17,846,000 | $189,000 | $1,700,000 | $83,000 | $735,000 |
| Hispanic | 75 | $7,631,000 | $101,000 | $456,000 | $49,000 | $135,000 |
| Not applicable | 6 | $10,414,000 | $1,735,000 | $4,174,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $408,000 | $136,000 | $188,000 | $80,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,125 | $445,651,000 | $396,000 | $5,000,000 | $240,000 | $9,999,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $2,114,000 | $2,114,000 | $2,114,000 | $950,000 | $950,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 967 | $386,682,000 | $399,000 | $5,000,000 | $247,000 | $9,999,000 |
| Application Withdrawn By Applicant | 67 | $22,616,000 | $337,000 | $1,875,000 | $250,000 | $7,215,000 |
| Application Approved But Not Accepted | 50 | $22,352,000 | $447,000 | $3,560,000 | $259,000 | $3,121,000 |
| Application Denied By Financial Institution | 33 | $10,541,000 | $319,000 | $1,272,000 | $84,000 | $513,000 |
| File Closed For Incompleteness | 5 | $791,000 | $158,000 | $454,000 | $79,000 | $235,000 |
| Loan Purchased By The Institution | 2 | $4,550,000 | $2,275,000 | $2,550,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 2 | $233,000 | $116,000 | $185,000 | $70,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $2,233,000 | $186,000 | $510,000 | $56,000 | $134,000 |
| Debt-To-Income Ratio | 7 | $3,531,000 | $504,000 | $1,180,000 | $92,000 | $217,000 |
| Other | 6 | $2,581,000 | $430,000 | $1,200,000 | $151,000 | $513,000 |
| Employment History | 5 | $578,000 | $115,000 | $271,000 | $37,000 | $57,000 |
| Collateral | 4 | $579,000 | $144,000 | $275,000 | $53,000 | $129,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,272,000 | $1,272,000 | $1,272,000 | $306,000 | $306,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Private Bank & Trust 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 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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