Boston Private Bank & Trust Company Mortgage Lending & HMDA Data, 2018
In 2018, Boston Private Bank & Trust Company of Boston, MA reported 1,527 mortgage applications totaling $1.3 billion, up 31% from 2017. The average application was for $869,178, and applicants reported an average income of $381,905. 59% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Boston, MA (291), Los Angeles-Long Beach-Glendale, CA (291) and Cambridge-Newton-Framingham, MA (203) (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 | 1,527 |
| Total Mortgage Loan Application Amount | $1,327,235,000 |
| Average Mortgage Loan Application Amount | $869,178 |
| Highest Mortgage Loan Application Amount | $18,475,000 |
| Average Applicant Income | $381,905 |
| Highest Applicant Income | $8,174,000 |
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Boston Private Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Boston, MA | 291 | $ 256,185,000 | $ 880,360 | $ 427,000 |
| Los Angeles-Long Beach-Glendale, CA | 291 | $ 327,755,000 | $ 1,126,305 | $ 518,000 |
| Cambridge-Newton-Framingham, MA | 203 | $ 175,295,000 | $ 863,522 | $ 406,000 |
| San Francisco-Redwood City-South San Francisco, CA | 112 | $ 122,360,000 | $ 1,092,500 | $ 341,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 65 | $ 31,355,000 | $ 482,384 | $ 136,000 |
| Barnstable Town, MA | 35 | $ 30,085,000 | $ 859,571 | $ 684,000 |
| Outside any metro area | 31 | $ 57,405,000 | $ 1,851,774 | $ 1,403,633 |
| Providence-Warwick, RI-MA | 15 | $ 13,055,000 | $ 870,333 | $ 271,200 |
| Oakland-Hayward-Berkeley, CA | 13 | $ 12,925,000 | $ 994,230 | $ 466,000 |
| San Rafael, CA | 10 | $ 13,520,000 | $ 1,352,000 | $ 455,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 2,905,000 | $ 322,777 | $ 226,000 |
| Anaheim-Santa Ana-Irvine, CA | 8 | $ 9,150,000 | $ 1,143,750 | $ 354,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 8 | $ 5,770,000 | $ 721,250 | $ 375,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 11,255,000 | $ 1,607,857 | $ 1,231,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 5 | $ 12,775,000 | $ 2,555,000 | $ 345,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 3,800,000 | $ 950,000 | $ 607,000 |
| Portland-South Portland, ME | 4 | $ 2,580,000 | $ 645,000 | $ 627,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 755,000 | $ 251,666 | $ 108,000 |
| Salinas, CA | 3 | $ 5,965,000 | $ 1,988,333 | $ 629,000 |
| San Diego-Carlsbad, CA | 3 | $ 5,825,000 | $ 1,941,666 | $ 613,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 6,445,000 | $ 2,148,333 | $ 509,000 |
| Worcester, MA-CT | 3 | $ 2,895,000 | $ 965,000 | $ 270,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 980,000 | $ 490,000 | $ 237,000 |
| Merced, CA | 2 | $ 760,000 | $ 380,000 | $ 120,000 |
| Pittsfield, MA | 2 | $ 1,390,000 | $ 695,000 | $ 1,805,000 |
| Rockingham County-Strafford County, NH | 2 | $ 1,020,000 | $ 510,000 | $ 280,000 |
| Springfield, MA | 2 | $ 1,330,000 | $ 665,000 | $ 337,000 |
| Vallejo-Fairfield, CA | 2 | $ 620,000 | $ 310,000 | $ 1,265,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 325,000 | $ 325,000 | $ 305,000 |
| Modesto, CA | 1 | $ 335,000 | $ 335,000 | $ 90,000 |
| Port St. Lucie, FL | 1 | $ 575,000 | $ 575,000 | $ 389,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 745,000 | $ 745,000 | $ 535,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 275,000 | $ 275,000 | $ 129,000 |
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Company in 2018
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 | 1,116 | $842,660,000 | $755,000 | $12,885,000 | $307,000 | $8,174,000 |
| Refinancing | 357 | $429,455,000 | $1,202,000 | $18,475,000 | $567,000 | $8,174,000 |
| Other Purpose | 33 | $38,225,000 | $1,158,000 | $3,505,000 | $918,000 | $4,990,000 |
| Home Improvement | 13 | $14,675,000 | $1,128,000 | $4,575,000 | $521,000 | $2,941,000 |
| Cash-out Refinancing | 8 | $2,220,000 | $277,000 | $455,000 | $134,000 | $323,000 |
| 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 | 893 | $917,085,000 | $1,026,000 | $12,885,000 | $517,000 | $8,174,000 |
| Hispanic | 216 | $81,980,000 | $379,000 | $5,505,000 | $128,000 | $2,458,000 |
| Asian | 202 | $113,600,000 | $562,000 | $3,975,000 | $170,000 | $2,175,000 |
| Not Provided | 112 | $93,790,000 | $837,000 | $4,505,000 | $308,000 | $4,030,000 |
| Black or African American | 73 | $35,635,000 | $488,000 | $4,905,000 | $185,000 | $1,502,000 |
| Not applicable | 16 | $75,460,000 | $4,716,000 | $18,475,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $905,000 | $181,000 | $275,000 | $64,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,795,000 | $598,000 | $1,515,000 | $144,000 | $292,000 |
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) | 1,527 | $1,327,235,000 | $869,000 | $18,475,000 | $381,000 | $8,174,000 |
| 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 | 897 | $823,105,000 | $917,000 | $18,475,000 | $467,000 | $8,174,000 |
| Preapproval Approved but not Accepted | 324 | $179,970,000 | $555,000 | $3,005,000 | $159,000 | $1,659,000 |
| Application Withdrawn By Applicant | 142 | $151,060,000 | $1,063,000 | $8,705,000 | $458,000 | $4,530,000 |
| Application Denied By Financial Institution | 65 | $89,105,000 | $1,370,000 | $7,505,000 | $353,000 | $5,306,000 |
| Preapproval Denied by Financial Institution | 58 | $28,330,000 | $488,000 | $3,005,000 | $103,000 | $740,000 |
| Application Approved But Not Accepted | 24 | $23,350,000 | $972,000 | $2,605,000 | $382,000 | $926,000 |
| File Closed For Incompleteness | 17 | $32,315,000 | $1,900,000 | $10,005,000 | $522,000 | $2,904,000 |
| Loan Purchased By The 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 | 1,404 | $1,209,800,000 | $861,000 | $18,475,000 | $394,000 | $8,174,000 |
| Debt-To-Income Ratio | 92 | $87,490,000 | $950,000 | $7,305,000 | $176,000 | $1,351,000 |
| Collateral | 12 | $13,480,000 | $1,123,000 | $2,505,000 | $309,000 | $1,106,000 |
| Credit History | 10 | $5,520,000 | $552,000 | $1,835,000 | $276,000 | $1,113,000 |
| Other | 5 | $2,655,000 | $531,000 | $1,335,000 | $110,000 | $205,000 |
| Unverifiable Information | 3 | $7,905,000 | $2,635,000 | $7,505,000 | $1,804,000 | $5,306,000 |
| Mortgage Insurance Denied | 1 | $385,000 | $385,000 | $385,000 | $126,000 | $126,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Private Bank & Trust Company's 2018 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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