Boston Private Bank & Trust Company Mortgage Lending & HMDA Data, 2020
In 2020, Boston Private Bank & Trust Company of Boston, MA reported 1,223 mortgage applications totaling $1.2 billion, down 1% from 2019. The average application was for $940,527, and applicants reported an average income of $370,127. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (276), Boston, MA (268) and Cambridge-Newton-Framingham, MA (221) (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 | 1,223 |
| Total Mortgage Loan Application Amount | $1,150,265,000 |
| Average Mortgage Loan Application Amount | $940,527 |
| Highest Mortgage Loan Application Amount | $11,585,000 |
| Average Applicant Income | $370,127 |
| Highest Applicant Income | $5,508,000 |
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Boston Private Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 276 | $ 289,220,000 | $ 1,047,898 | $ 372,000 |
| Boston, MA | 268 | $ 227,040,000 | $ 847,164 | $ 405,000 |
| Cambridge-Newton-Framingham, MA | 221 | $ 166,485,000 | $ 753,325 | $ 309,000 |
| San Francisco-Redwood City-South San Francisco, CA | 144 | $ 142,520,000 | $ 989,722 | $ 298,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 100 | $ 51,360,000 | $ 513,600 | $ 194,000 |
| Outside any metro area | 34 | $ 44,860,000 | $ 1,319,411 | $ 739,411 |
| Barnstable Town, MA | 33 | $ 34,735,000 | $ 1,052,575 | $ 555,000 |
| Oakland-Hayward-Berkeley, CA | 18 | $ 22,460,000 | $ 1,247,777 | $ 381,000 |
| Riverside-San Bernardino-Ontario, CA | 12 | $ 4,830,000 | $ 402,500 | $ 346,000 |
| San Rafael, CA | 12 | $ 19,900,000 | $ 1,658,333 | $ 484,000 |
| Anaheim-Santa Ana-Irvine, CA | 11 | $ 16,155,000 | $ 1,468,636 | $ 407,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 11 | $ 12,445,000 | $ 1,131,363 | $ 535,000 |
| San Diego-Carlsbad, CA | 8 | $ 6,250,000 | $ 781,250 | $ 655,000 |
| Providence-Warwick, RI-MA | 7 | $ 16,125,000 | $ 2,303,571 | $ 365,142 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 14,220,000 | $ 2,370,000 | $ 275,000 |
| Portland-South Portland, ME | 6 | $ 3,460,000 | $ 576,666 | $ 539,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 5,950,000 | $ 991,666 | $ 300,000 |
| Santa Rosa, CA | 5 | $ 4,345,000 | $ 869,000 | $ 466,000 |
| Worcester, MA-CT | 5 | $ 2,945,000 | $ 589,000 | $ 286,000 |
| Napa, CA | 4 | $ 7,820,000 | $ 1,955,000 | $ 340,000 |
| Rockingham County-Strafford County, NH | 4 | $ 2,910,000 | $ 727,500 | $ 330,000 |
| Salinas, CA | 4 | $ 7,210,000 | $ 1,802,500 | $ 552,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 12,310,000 | $ 3,077,500 | $ 822,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 4,325,000 | $ 1,441,666 | $ 577,000 |
| Manchester-Nashua, NH | 3 | $ 3,395,000 | $ 1,131,666 | $ 27,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 3,995,000 | $ 1,331,666 | $ 538,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 3,115,000 | $ 1,038,333 | $ 736,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 3,415,000 | $ 1,138,333 | $ 452,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 4,210,000 | $ 2,105,000 | $ 1,074,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 1,045,000 | $ 1,045,000 | $ 275,000 |
| Fresno, CA | 1 | $ 275,000 | $ 275,000 | $ 82,000 |
| Modesto, CA | 1 | $ 275,000 | $ 275,000 | $ 113,000 |
| Nassau County-Suffolk County, NY | 1 | $ 7,325,000 | $ 7,325,000 | $ 10,000 |
| Port St. Lucie, FL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 2,525,000 | $ 2,525,000 | $ 0 |
| Springfield, MA | 1 | $ 605,000 | $ 605,000 | $ 0 |
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Company in 2020
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 | 588 | $625,000,000 | $1,062,000 | $11,585,000 | $420,000 | $5,508,000 |
| Home Purchase | 556 | $437,100,000 | $786,000 | $8,345,000 | $286,000 | $4,341,000 |
| Other Purpose | 38 | $47,190,000 | $1,241,000 | $5,005,000 | $945,000 | $4,152,000 |
| Cash-out Refinancing | 34 | $28,480,000 | $837,000 | $7,005,000 | $182,000 | $605,000 |
| Home Improvement | 7 | $12,495,000 | $1,785,000 | $6,355,000 | $656,000 | $1,205,000 |
| 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 | 759 | $836,015,000 | $1,101,000 | $8,005,000 | $484,000 | $5,508,000 |
| Hispanic | 150 | $58,860,000 | $392,000 | $3,505,000 | $116,000 | $1,500,000 |
| Not Provided | 114 | $77,280,000 | $677,000 | $3,505,000 | $277,000 | $2,984,000 |
| Asian | 94 | $56,760,000 | $603,000 | $2,145,000 | $194,000 | $1,347,000 |
| Black or African American | 61 | $18,745,000 | $307,000 | $1,345,000 | $90,000 | $454,000 |
| Not applicable | 36 | $97,450,000 | $2,706,000 | $11,585,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $465,000 | $155,000 | $295,000 | $112,000 | $193,000 |
| 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) | 1,223 | $1,150,265,000 | $940,000 | $11,585,000 | $368,000 | $5,508,000 |
| 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 | 973 | $909,715,000 | $934,000 | $11,585,000 | $362,000 | $4,984,000 |
| Application Withdrawn By Applicant | 173 | $162,315,000 | $938,000 | $7,325,000 | $383,000 | $5,508,000 |
| Application Denied By Financial Institution | 46 | $48,770,000 | $1,060,000 | $5,005,000 | $288,000 | $2,888,000 |
| Application Approved But Not Accepted | 18 | $17,450,000 | $969,000 | $5,525,000 | $786,000 | $2,984,000 |
| File Closed For Incompleteness | 13 | $12,015,000 | $924,000 | $2,505,000 | $309,000 | $950,000 |
| 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 | 1,177 | $1,101,495,000 | $935,000 | $11,585,000 | $372,000 | $5,508,000 |
| Debt-To-Income Ratio | 33 | $36,405,000 | $1,103,000 | $3,205,000 | $218,000 | $759,000 |
| Collateral | 5 | $9,065,000 | $1,813,000 | $5,005,000 | $958,000 | $2,888,000 |
| Credit History | 5 | $2,855,000 | $571,000 | $1,275,000 | $201,000 | $540,000 |
| Other | 2 | $170,000 | $85,000 | $155,000 | $60,000 | $60,000 |
| Employment History | 1 | $275,000 | $275,000 | $275,000 | $82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Company's 2020 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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