Boston Private Bank & Trust Co Mortgage Lending & HMDA Data, 2008
In 2008, Boston Private Bank & Trust Co of Boston, MA reported 1,014 mortgage applications totaling $491.8 million, down 10% from 2007. The average application was for $485,042, and applicants reported an average income of $279,388. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Boston-Quincy, MA (481), Cambridge-Newton-Framingham, MA (296) and Peabody, MA (105) (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 | 1,014 |
| Total Mortgage Loan Application Amount | $491,833,000 |
| Average Mortgage Loan Application Amount | $485,042 |
| Highest Mortgage Loan Application Amount | $7,000,000 |
| Average Applicant Income | $279,388 |
| Highest Applicant Income | $8,728,000 |
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records Boston Private Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Co in 2008
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 | 727 | $293,118,000 | $403,000 | $4,771,000 | $245,000 | $8,728,000 |
| Refinancing | 243 | $153,160,000 | $630,000 | $3,640,000 | $355,000 | $3,507,000 |
| Home Improvement | 44 | $45,555,000 | $1,035,000 | $7,000,000 | $430,000 | $3,241,000 |
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 | 651 | $382,516,000 | $587,000 | $7,000,000 | $346,000 | $8,728,000 |
| Not Provided | 123 | $58,729,000 | $477,000 | $3,000,000 | $277,000 | $2,719,000 |
| Asian | 108 | $20,557,000 | $190,000 | $2,500,000 | $125,000 | $1,837,000 |
| Hispanic | 68 | $9,712,000 | $142,000 | $1,380,000 | $62,000 | $344,000 |
| Black or African American | 49 | $7,954,000 | $162,000 | $1,463,000 | $107,000 | $1,485,000 |
| American Indian or Alaskan Native | 8 | $782,000 | $97,000 | $312,000 | $52,000 | $92,000 |
| Not applicable | 7 | $11,583,000 | $1,654,000 | $4,250,000 | $0 | $0 |
| 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) | 1,014 | $491,833,000 | $485,000 | $7,000,000 | $279,000 | $8,728,000 |
| 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 | 814 | $402,746,000 | $494,000 | $7,000,000 | $291,000 | $8,728,000 |
| Application Approved But Not Accepted | 92 | $42,783,000 | $465,000 | $4,600,000 | $261,000 | $3,241,000 |
| Application Withdrawn By Applicant | 58 | $21,728,000 | $374,000 | $2,000,000 | $276,000 | $1,837,000 |
| Application Denied By Financial Institution | 40 | $22,266,000 | $556,000 | $2,520,000 | $131,000 | $685,000 |
| Preapproval Denied by Financial Institution | 6 | $1,670,000 | $278,000 | $948,000 | $72,000 | $173,000 |
| File Closed For Incompleteness | 4 | $640,000 | $160,000 | $239,000 | $48,000 | $63,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 17 | $5,121,000 | $301,000 | $2,500,000 | $48,000 | $88,000 |
| Debt-To-Income Ratio | 12 | $10,408,000 | $867,000 | $2,520,000 | $233,000 | $685,000 |
| Collateral | 8 | $4,226,000 | $528,000 | $2,000,000 | $104,000 | $405,000 |
| Other | 5 | $2,271,000 | $454,000 | $990,000 | $205,000 | $441,000 |
| Employment History | 3 | $1,602,000 | $534,000 | $1,495,000 | $20,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $308,000 | $308,000 | $308,000 | $134,000 | $134,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Private Bank & Trust Co's 2008 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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