Boston Private Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, Boston Private Bank & Trust Company of Boston, MA reported 1,163 mortgage applications totaling $1.2 billion. The average application was for $1,028,015, and applicants reported an average income of $412,841. 78% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Boston, MA (314), Los Angeles-Long Beach-Glendale, CA (273) and Cambridge-Newton-Framingham, MA (212) (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 | 1,163 |
| Total Mortgage Loan Application Amount | $1,195,582,000 |
| Average Mortgage Loan Application Amount | $1,028,015 |
| Highest Mortgage Loan Application Amount | $18,000,000 |
| Average Applicant Income | $412,841 |
| Highest Applicant Income | $9,853,000 |
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Boston Private Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Boston Private Bank & Trust Company in 2017
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 | 725 | $657,587,000 | $907,000 | $16,000,000 | $359,000 | $5,717,000 |
| Refinancing | 364 | $457,312,000 | $1,256,000 | $18,000,000 | $517,000 | $9,853,000 |
| Home Improvement | 74 | $80,683,000 | $1,090,000 | $8,718,000 | $428,000 | $2,005,000 |
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 | 790 | $874,081,000 | $1,106,000 | $14,000,000 | $517,000 | $5,717,000 |
| Hispanic | 114 | $41,279,000 | $362,000 | $2,015,000 | $123,000 | $941,000 |
| Asian | 102 | $62,974,000 | $617,000 | $3,543,000 | $232,000 | $1,857,000 |
| Not Provided | 61 | $49,525,000 | $811,000 | $2,830,000 | $259,000 | $735,000 |
| Black or African American | 60 | $23,041,000 | $384,000 | $2,500,000 | $288,000 | $9,853,000 |
| Not applicable | 29 | $141,629,000 | $4,883,000 | $18,000,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 4 | $2,257,000 | $564,000 | $799,000 | $190,000 | $475,000 |
| American Indian or Alaskan Native | 3 | $796,000 | $265,000 | $320,000 | $141,000 | $252,000 |
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) | 1,163 | $1,195,582,000 | $1,028,000 | $18,000,000 | $413,000 | $9,853,000 |
| 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 | 908 | $916,724,000 | $1,009,000 | $18,000,000 | $421,000 | $9,853,000 |
| Application Withdrawn By Applicant | 113 | $135,748,000 | $1,201,000 | $14,000,000 | $554,000 | $5,717,000 |
| Application Denied By Financial Institution | 55 | $59,830,000 | $1,087,000 | $7,000,000 | $213,000 | $1,563,000 |
| Application Approved But Not Accepted | 43 | $53,583,000 | $1,246,000 | $17,402,000 | $315,000 | $1,964,000 |
| Preapproval Denied by Financial Institution | 39 | $25,017,000 | $641,000 | $7,500,000 | $227,000 | $5,400,000 |
| File Closed For Incompleteness | 5 | $4,680,000 | $936,000 | $2,475,000 | $281,000 | $368,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 63 | $59,837,000 | $949,000 | $7,000,000 | $143,000 | $836,000 |
| Credit History | 17 | $7,659,000 | $450,000 | $1,280,000 | $132,000 | $308,000 |
| Other | 6 | $10,113,000 | $1,685,000 | $7,500,000 | $1,220,000 | $5,400,000 |
| Collateral | 5 | $5,611,000 | $1,122,000 | $1,760,000 | $279,000 | $385,000 |
| Unverifiable Information | 3 | $1,627,000 | $542,000 | $825,000 | $188,000 | $246,000 |
| 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Private Bank & Trust Company's 2017 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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