Beacon Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Beacon Bank & Trust of Albany, NY reported 322 mortgage applications totaling $211.2 million. The average application was for $655,850, and applicants reported an average income of $184,062. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Boston-Quincy, MA (192), Cambridge-Newton-Framingham, MA (101) and Peabody, MA (14) (applications in parentheses).
| Mortgage Company & Address | Beacon Bank & Trust Albany, NY 12207 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 322 |
| Total Mortgage Loan Application Amount | $211,184,000 |
| Average Mortgage Loan Application Amount | $655,850 |
| Highest Mortgage Loan Application Amount | $16,500,000 |
| Average Applicant Income | $184,062 |
| Highest Applicant Income | $1,595,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Suffolk, Massachusetts | 112 | $ 85,386,000 | $ 762,375 | $ 155,000 |
| Middlesex, Massachusetts | 101 | $ 68,294,000 | $ 676,178 | $ 187,000 |
| Norfolk, Massachusetts | 74 | $ 37,524,000 | $ 507,081 | $ 205,000 |
| Essex, Massachusetts | 14 | $ 11,634,000 | $ 831,000 | $ 157,000 |
| Barnstable, Massachusetts | 6 | $ 3,398,000 | $ 566,333 | $ 424,000 |
| Plymouth, Massachusetts | 6 | $ 2,970,000 | $ 495,000 | $ 291,000 |
| Belknap, New Hampshire | 2 | $ 386,000 | $ 193,000 | $ 226,000 |
| Providence, Rhode Island | 2 | $ 286,000 | $ 143,000 | $ 0 |
| Bristol, Massachusetts | 1 | $ 340,000 | $ 340,000 | $ 535,000 |
| Worcester, Massachusetts | 1 | $ 200,000 | $ 200,000 | $ 87,000 |
| Queens, New York | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| Kent, Rhode Island | 1 | $ 21,000 | $ 21,000 | $ 0 |
| Newport, Rhode Island | 1 | $ 520,000 | $ 520,000 | $ 156,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2012
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 | 155 | $122,231,000 | $788,000 | $16,500,000 | $194,000 | $1,595,000 |
| Home Purchase | 141 | $75,669,000 | $536,000 | $6,800,000 | $182,000 | $1,341,000 |
| Home Improvement | 26 | $13,284,000 | $510,000 | $6,000,000 | $136,000 | $516,000 |
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 | 215 | $95,380,000 | $443,000 | $8,150,000 | $222,000 | $1,595,000 |
| Not applicable | 40 | $88,723,000 | $2,218,000 | $16,500,000 | $0 | $0 |
| Asian | 39 | $14,334,000 | $367,000 | $2,775,000 | $155,000 | $498,000 |
| Not Provided | 14 | $8,170,000 | $583,000 | $1,770,000 | $208,000 | $953,000 |
| Hispanic | 9 | $2,833,000 | $314,000 | $800,000 | $97,000 | $284,000 |
| Black or African American | 4 | $1,294,000 | $323,000 | $800,000 | $156,000 | $431,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $450,000 | $450,000 | $450,000 | $1,010,000 | $1,010,000 |
| American Indian or Alaskan Native | 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) | 322 | $211,184,000 | $655,000 | $16,500,000 | $184,000 | $1,595,000 |
| 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 | 246 | $173,302,000 | $704,000 | $16,500,000 | $192,000 | $1,595,000 |
| Application Denied By Financial Institution | 28 | $15,321,000 | $547,000 | $2,775,000 | $159,000 | $953,000 |
| Application Withdrawn By Applicant | 22 | $8,178,000 | $371,000 | $750,000 | $114,000 | $416,000 |
| Application Approved But Not Accepted | 22 | $12,791,000 | $581,000 | $1,400,000 | $196,000 | $584,000 |
| File Closed For Incompleteness | 4 | $1,592,000 | $398,000 | $1,000,000 | $172,000 | $413,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 7 | $5,604,000 | $800,000 | $2,775,000 | $218,000 | $953,000 |
| Collateral | 5 | $3,552,000 | $710,000 | $1,600,000 | $188,000 | $565,000 |
| Credit History | 4 | $2,443,000 | $610,000 | $1,326,000 | $111,000 | $207,000 |
| Other | 3 | $869,000 | $289,000 | $465,000 | $157,000 | $226,000 |
| Unverifiable Information | 2 | $1,100,000 | $550,000 | $800,000 | $261,000 | $431,000 |
| Employment History | 1 | $800,000 | $800,000 | $800,000 | $110,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beacon Bank & Trust's 2012 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 Beacon Bank & Trust'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.
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with aggregated HMDA statistics today.
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