Cambridge Mortgage Group, LLC Mortgage Lending & HMDA Data, 2010
In 2010, Cambridge Mortgage Group, LLC of Hingham, MA reported 949 mortgage applications totaling $268.1 million, up 37% from 2009. The average application was for $282,456, and applicants reported an average income of $138,530. 70% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Boston-Quincy, MA (507), Cambridge-Newton-Framingham, MA (131) and Barnstable Town, MA (97) (applications in parentheses).
| Mortgage Company & Address | Cambridge Mortgage Group, LLC 50 South Street, Ste 210 Hingham, MA 02043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 949 |
| Total Mortgage Loan Application Amount | $268,051,000 |
| Average Mortgage Loan Application Amount | $282,456 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $138,530 |
| Highest Applicant Income | $1,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cambridge Mortgage Group, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Quincy, MA | 507 | $ 136,724,000 | $ 269,672 | $ 124,000 |
| Cambridge-Newton-Framingham, MA | 131 | $ 43,064,000 | $ 328,732 | $ 157,000 |
| Barnstable Town, MA | 97 | $ 29,699,000 | $ 306,175 | $ 179,000 |
| Peabody, MA | 82 | $ 24,840,000 | $ 302,926 | $ 145,000 |
| Rockingham County-Strafford County, NH | 79 | $ 19,270,000 | $ 243,924 | $ 118,000 |
| Portland-South Portland-Biddeford, ME | 20 | $ 5,463,000 | $ 273,150 | $ 158,000 |
| Worcester, MA | 13 | $ 3,151,000 | $ 242,384 | $ 174,000 |
| Providence-New Bedford-Fall River, RI-MA | 4 | $ 1,232,000 | $ 308,000 | $ 352,000 |
| Springfield, MA | 3 | $ 576,000 | $ 192,000 | $ 61,000 |
| Manchester-Nashua, NH | 1 | $ 82,000 | $ 82,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Cambridge Mortgage Group, LLC in 2010
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 | 761 | $216,067,000 | $283,000 | $1,000,000 | $139,000 | $1,140,000 |
| Home Purchase | 150 | $41,637,000 | $277,000 | $818,000 | $134,000 | $694,000 |
| Home Improvement | 38 | $10,347,000 | $272,000 | $515,000 | $147,000 | $717,000 |
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 | 901 | $253,457,000 | $281,000 | $1,000,000 | $139,000 | $1,140,000 |
| Asian | 25 | $7,619,000 | $304,000 | $540,000 | $118,000 | $268,000 |
| Hispanic | 9 | $2,723,000 | $302,000 | $431,000 | $201,000 | $551,000 |
| Not Provided | 7 | $2,437,000 | $348,000 | $588,000 | $128,000 | $360,000 |
| Black or African American | 6 | $1,355,000 | $225,000 | $417,000 | $62,000 | $136,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $460,000 | $460,000 | $460,000 | $137,000 | $137,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 945 | $266,975,000 | $282,000 | $1,000,000 | $139,000 | $1,140,000 |
| FHA-insured (Federal Housing Administration) | 4 | $1,076,000 | $269,000 | $515,000 | $88,000 | $156,000 |
| 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 | 667 | $187,216,000 | $280,000 | $665,000 | $141,000 | $757,000 |
| Application Withdrawn By Applicant | 153 | $45,441,000 | $297,000 | $1,000,000 | $151,000 | $1,140,000 |
| Application Denied By Financial Institution | 92 | $26,012,000 | $282,000 | $595,000 | $101,000 | $535,000 |
| Application Approved But Not Accepted | 22 | $5,675,000 | $257,000 | $400,000 | $123,000 | $263,000 |
| File Closed For Incompleteness | 15 | $3,707,000 | $247,000 | $540,000 | $140,000 | $434,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cambridge Mortgage Group, LLC's 2010 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 Cambridge Mortgage Group, LLC'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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