Boston Private Bank & Trust Company Mortgage Lending & HMDA Data, 2021
In 2021, Boston Private Bank & Trust Company of Boston, MA reported 1,135 mortgage applications totaling $1.3 billion, down 7% from 2020. The average application was for $1,165,722, and applicants reported an average income of $375,955. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (249), Boston, MA (248) and Cambridge-Newton-Framingham, MA (179) (applications in parentheses).
| Mortgage Company & Address | Boston Private Bank & Trust Company Ten Post Office Square Boston, MA 02109 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 1,135 |
| Total Mortgage Loan Application Amount | $1,323,095,000 |
| Average Mortgage Loan Application Amount | $1,165,722 |
| Highest Mortgage Loan Application Amount | $28,005,000 |
| Average Applicant Income | $375,955 |
| Highest Applicant Income | $6,571,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Boston Private Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 249 | $ 333,345,000 | $ 1,338,734 | $ 353,000 |
| Boston, MA | 248 | $ 266,500,000 | $ 1,074,596 | $ 385,000 |
| Cambridge-Newton-Framingham, MA | 179 | $ 188,185,000 | $ 1,051,312 | $ 385,000 |
| San Francisco-Redwood City-South San Francisco, CA | 160 | $ 135,530,000 | $ 847,062 | $ 213,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 90 | $ 51,280,000 | $ 569,777 | $ 215,000 |
| Barnstable Town, MA | 24 | $ 28,220,000 | $ 1,175,833 | $ 653,000 |
| Outside any metro area | 24 | $ 44,910,000 | $ 1,871,250 | $ 487,291 |
| Oakland-Hayward-Berkeley, CA | 21 | $ 24,185,000 | $ 1,151,666 | $ 373,000 |
| Miami-Miami Beach-Kendall, FL | 15 | $ 63,905,000 | $ 4,260,333 | $ 494,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 14 | $ 11,260,000 | $ 804,285 | $ 696,000 |
| San Rafael, CA | 13 | $ 18,135,000 | $ 1,395,000 | $ 650,000 |
| Riverside-San Bernardino-Ontario, CA | 11 | $ 13,415,000 | $ 1,219,545 | $ 582,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 11,075,000 | $ 1,230,555 | $ 536,000 |
| Providence-Warwick, RI-MA | 8 | $ 7,720,000 | $ 965,000 | $ 549,250 |
| Sacramento--Roseville--Arden-Arcade, CA | 6 | $ 6,390,000 | $ 1,065,000 | $ 569,000 |
| Portland-South Portland, ME | 5 | $ 5,915,000 | $ 1,183,000 | $ 578,000 |
| San Diego-Carlsbad, CA | 5 | $ 8,925,000 | $ 1,785,000 | $ 653,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 3,190,000 | $ 797,500 | $ 533,000 |
| New York-Jersey City-White Plains, NY-NJ | 4 | $ 2,910,000 | $ 727,500 | $ 655,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 11,470,000 | $ 2,867,500 | $ 709,000 |
| Santa Rosa, CA | 4 | $ 4,200,000 | $ 1,050,000 | $ 1,075,000 |
| Worcester, MA-CT | 4 | $ 2,380,000 | $ 595,000 | $ 510,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 6,385,000 | $ 2,128,333 | $ 254,000 |
| Kansas City, MO-KS | 3 | $ 21,355,000 | $ 7,118,333 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 2,390,000 | $ 1,195,000 | $ 257,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 4,610,000 | $ 2,305,000 | $ 339,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,150,000 | $ 575,000 | $ 130,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 5,390,000 | $ 2,695,000 | $ 945,000 |
| Pittsfield, MA | 2 | $ 1,080,000 | $ 540,000 | $ 368,000 |
| Salinas, CA | 2 | $ 5,170,000 | $ 2,585,000 | $ 782,000 |
| Sebastian-Vero Beach, FL | 2 | $ 1,540,000 | $ 770,000 | $ 471,000 |
| Stockton-Lodi, CA | 2 | $ 2,830,000 | $ 1,415,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 3,890,000 | $ 1,945,000 | $ 381,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 915,000 | $ 915,000 | $ 285,000 |
| Manchester-Nashua, NH | 1 | $ 945,000 | $ 945,000 | $ 937,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 1,145,000 | $ 1,145,000 | $ 330,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 515,000 | $ 515,000 | $ 189,000 |
| Rockingham County-Strafford County, NH | 1 | $ 565,000 | $ 565,000 | $ 1,795,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 855,000 | $ 855,000 | $ 371,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 18,605,000 | $ 18,605,000 | $ 0 |
| Springfield, MA | 1 | $ 175,000 | $ 175,000 | $ 929,000 |
| The Villages, FL | 1 | $ 255,000 | $ 255,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Company in 2021
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 | 550 | $700,040,000 | $1,272,000 | $28,005,000 | $398,000 | $6,570,000 |
| Home Purchase | 517 | $517,235,000 | $1,000,000 | $14,995,000 | $315,000 | $6,332,000 |
| Other Purpose | 51 | $86,475,000 | $1,695,000 | $14,995,000 | $685,000 | $6,571,000 |
| Home Improvement | 9 | $15,365,000 | $1,707,000 | $5,005,000 | $939,000 | $1,699,000 |
| Cash-out Refinancing | 8 | $3,980,000 | $497,000 | $1,005,000 | $196,000 | $395,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 637 | $841,865,000 | $1,321,000 | $14,995,000 | $500,000 | $6,571,000 |
| Hispanic | 150 | $72,190,000 | $481,000 | $5,005,000 | $145,000 | $1,527,000 |
| Asian | 131 | $67,825,000 | $517,000 | $3,505,000 | $162,000 | $1,450,000 |
| Not Provided | 118 | $111,460,000 | $944,000 | $5,005,000 | $349,000 | $6,332,000 |
| Black or African American | 49 | $19,145,000 | $390,000 | $1,735,000 | $103,000 | $435,000 |
| Not applicable | 38 | $201,300,000 | $5,297,000 | $28,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $1,800,000 | $900,000 | $1,505,000 | $919,000 | $1,743,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $82,000 | $82,000 |
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) | 1,135 | $1,323,095,000 | $1,165,000 | $28,005,000 | $370,000 | $6,571,000 |
| 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 | 933 | $1,109,805,000 | $1,189,000 | $28,005,000 | $388,000 | $6,571,000 |
| Application Withdrawn By Applicant | 123 | $114,325,000 | $929,000 | $14,995,000 | $290,000 | $3,362,000 |
| Application Denied By Financial Institution | 40 | $55,840,000 | $1,396,000 | $12,255,000 | $204,000 | $791,000 |
| File Closed For Incompleteness | 28 | $36,890,000 | $1,317,000 | $2,905,000 | $462,000 | $1,500,000 |
| Application Approved But Not Accepted | 11 | $6,235,000 | $566,000 | $1,505,000 | $298,000 | $1,512,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,095 | $1,267,255,000 | $1,157,000 | $28,005,000 | $377,000 | $6,571,000 |
| Debt-To-Income Ratio | 29 | $51,165,000 | $1,764,000 | $12,255,000 | $210,000 | $732,000 |
| Other | 6 | $1,580,000 | $263,000 | $605,000 | $137,000 | $321,000 |
| Collateral | 4 | $2,460,000 | $615,000 | $1,275,000 | $282,000 | $791,000 |
| Unverifiable Information | 1 | $635,000 | $635,000 | $635,000 | $136,000 | $136,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Company's 2021 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 Company'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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