Citizens Bank of Massachusetts Mortgage Lending & HMDA Data, 2005
In 2005, Citizens Bank of Massachusetts of Boston, MA reported 11,703 mortgage applications totaling $1.5 billion, down 23% from 2004. The average application was for $125,291, and applicants reported an average income of $79,162. 45% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Boston-Quincy, MA (3,870), Cambridge-Newton-Framingham, MA (2,130) and Springfield, MA (1,589) (applications in parentheses).
| Mortgage Company & Address | Citizens Bank of Massachusetts 28 State Street Boston, MA 02109 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 11,703 |
| Total Mortgage Loan Application Amount | $1,466,282,000 |
| Average Mortgage Loan Application Amount | $125,291 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $79,162 |
| Highest Applicant Income | $9,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank of Massachusetts filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 3,870 | $ 422,550,000 | $ 109,186 | $ 87,000 |
| Cambridge-Newton-Framingham, MA | 2,130 | $ 250,291,000 | $ 117,507 | $ 109,000 |
| Springfield, MA | 1,589 | $ 58,242,000 | $ 36,653 | $ 56,000 |
| Essex County, MA | 756 | $ 76,443,000 | $ 101,115 | $ 92,000 |
| Barnstable Town, MA | 664 | $ 74,865,000 | $ 112,748 | $ 121,000 |
| Worcester, MA | 567 | $ 39,743,000 | $ 70,093 | $ 80,000 |
| Pittsfield, MA | 135 | $ 8,058,000 | $ 59,688 | $ 56,000 |
| Providence-New Bedford-Fall River, RI-MA | 105 | $ 12,330,000 | $ 117,428 | $ 89,000 |
| Los Angeles-Long Beach-Glendale, CA | 87 | $ 50,145,000 | $ 576,379 | $ 33,000 |
| New York-Wayne-White Plains, NY-NJ | 56 | $ 36,554,000 | $ 652,750 | $ 3,000 |
| Santa Ana-Anaheim-Irvine, CA | 43 | $ 25,068,000 | $ 582,976 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 31 | $ 19,444,000 | $ 627,225 | $ 34,000 |
| Oakland-Fremont-Hayward, CA | 30 | $ 16,630,000 | $ 554,333 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 28 | $ 2,056,000 | $ 73,428 | $ 113,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 28 | $ 15,536,000 | $ 554,857 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 23 | $ 11,788,000 | $ 512,521 | $ 0 |
| Manchester-Nashua, NH | 20 | $ 1,404,000 | $ 70,200 | $ 113,000 |
| Chicago-Naperville-Joliet, IL | 19 | $ 10,154,000 | $ 534,421 | $ 29,000 |
| Bethesda-Frederick-Gaithersburg, MD | 17 | $ 9,950,000 | $ 585,294 | $ 0 |
| Rockingham County-Strafford County, NH | 17 | $ 1,612,000 | $ 94,823 | $ 113,000 |
| Atlanta-Sandy Springs-Marietta, GA | 16 | $ 10,275,000 | $ 642,187 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 15 | $ 7,640,000 | $ 509,333 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 15 | $ 9,257,000 | $ 617,133 | $ 0 |
| Nassau-Suffolk, NY | 13 | $ 8,191,000 | $ 630,076 | $ 0 |
| Newark-Union, NJ-PA | 12 | $ 6,655,000 | $ 554,583 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 12 | $ 5,000,000 | $ 416,666 | $ 0 |
| Philadelphia, PA | 11 | $ 4,488,000 | $ 408,000 | $ 39,000 |
| Seattle-Bellevue-Everett, WA | 11 | $ 5,112,000 | $ 464,727 | $ 0 |
| Edison, NJ | 10 | $ 4,765,000 | $ 476,500 | $ 0 |
| Orlando, FL | 10 | $ 3,920,000 | $ 392,000 | $ 42,000 |
| Phoenix-Mesa-Scottsdale, AZ | 10 | $ 5,211,000 | $ 521,100 | $ 0 |
| Portland-South Portland-Biddeford, ME | 10 | $ 1,456,000 | $ 145,600 | $ 84,000 |
| Denver-Aurora, CO | 9 | $ 3,868,000 | $ 429,777 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 9 | $ 4,991,000 | $ 554,555 | $ 0 |
| Cape Coral-Fort Myers, FL | 8 | $ 2,477,000 | $ 309,625 | $ 79,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 8 | $ 3,985,000 | $ 498,125 | $ 42,000 |
| Baltimore-Towson, MD | 7 | $ 2,797,000 | $ 399,571 | $ 0 |
| Dallas-Plano-Irving, TX | 7 | $ 3,837,000 | $ 548,142 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 4,074,000 | $ 582,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 2,889,000 | $ 412,714 | $ 0 |
| Warren-Farmington Hills-Troy, MI | 7 | $ 2,547,000 | $ 363,857 | $ 30,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 2,814,000 | $ 469,000 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 2,689,000 | $ 448,166 | $ 0 |
| Santa Barbara-Santa Maria-Goleta, CA | 6 | $ 2,980,000 | $ 496,666 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 2,400,000 | $ 400,000 | $ 12,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 4,262,000 | $ 710,333 | $ 0 |
| Lake County-Kenosha County, IL-WI | 5 | $ 2,799,000 | $ 559,800 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 2,621,000 | $ 524,200 | $ 0 |
| Richmond, VA | 5 | $ 2,529,000 | $ 505,800 | $ 0 |
| Charleston-North Charleston, SC | 4 | $ 2,228,000 | $ 557,000 | $ 0 |
| Columbia, SC | 4 | $ 2,280,000 | $ 570,000 | $ 0 |
| Indianapolis, IN | 4 | $ 1,528,000 | $ 382,000 | $ 16,000 |
| Knoxville, TN | 4 | $ 1,849,000 | $ 462,250 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 1,960,000 | $ 490,000 | $ 0 |
| Norwich-New London, CT | 4 | $ 1,010,000 | $ 252,500 | $ 101,000 |
| Tucson, AZ | 4 | $ 1,789,000 | $ 447,250 | $ 0 |
| Austin-Round Rock, TX | 3 | $ 2,207,000 | $ 735,666 | $ 0 |
| Boulder, CO | 3 | $ 1,337,000 | $ 445,666 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 1,147,000 | $ 382,333 | $ 0 |
| Columbus, OH | 3 | $ 1,217,000 | $ 405,666 | $ 36,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,488,000 | $ 496,000 | $ 56,000 |
| Fort Walton Beach-Crestview-Destin, FL | 3 | $ 1,709,000 | $ 569,666 | $ 0 |
| Fresno, CA | 3 | $ 1,257,000 | $ 419,000 | $ 0 |
| Jacksonville, FL | 3 | $ 1,480,000 | $ 493,333 | $ 0 |
| Las Vegas-Paradise, NV | 3 | $ 1,845,000 | $ 615,000 | $ 0 |
| Lexington-Fayette, KY | 3 | $ 1,520,000 | $ 506,666 | $ 0 |
| New Haven-Milford, CT | 3 | $ 1,130,000 | $ 376,666 | $ 15,000 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 1,656,000 | $ 552,000 | $ 0 |
| Ann Arbor, MI | 2 | $ 746,000 | $ 373,000 | $ 47,000 |
| Bangor, ME | 2 | $ 92,000 | $ 46,000 | $ 45,000 |
| Birmingham-Hoover, AL | 2 | $ 445,000 | $ 222,500 | $ 0 |
| Boise City-Nampa, ID | 2 | $ 414,000 | $ 207,000 | $ 0 |
| Brunswick, GA | 2 | $ 1,048,000 | $ 524,000 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 449,000 | $ 224,500 | $ 28,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 640,000 | $ 320,000 | $ 0 |
| Durham, NC | 2 | $ 1,108,000 | $ 554,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 798,000 | $ 399,000 | $ 0 |
| Harrisburg-Carlisle, PA | 2 | $ 924,000 | $ 462,000 | $ 0 |
| Johnson City, TN | 2 | $ 1,004,000 | $ 502,000 | $ 0 |
| Lynchburg, VA | 2 | $ 493,000 | $ 246,500 | $ 0 |
| Medford, OR | 2 | $ 910,000 | $ 455,000 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 1,431,000 | $ 715,500 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 993,000 | $ 496,500 | $ 0 |
| Naples-Marco Island, FL | 2 | $ 1,197,000 | $ 598,500 | $ 0 |
| Nashville-Davidson--Murfreesboro, TN | 2 | $ 921,000 | $ 460,500 | $ 0 |
| Port St. Lucie-Fort Pierce, FL | 2 | $ 197,000 | $ 98,500 | $ 63,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 522,000 | $ 261,000 | $ 19,000 |
| Raleigh-Cary, NC | 2 | $ 611,000 | $ 305,500 | $ 0 |
| San Antonio, TX | 2 | $ 1,020,000 | $ 510,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 2 | $ 902,000 | $ 451,000 | $ 0 |
| St. Louis, MO-IL | 2 | $ 1,140,000 | $ 570,000 | $ 0 |
| Tacoma, WA | 2 | $ 996,000 | $ 498,000 | $ 0 |
| Tulsa, OK | 2 | $ 472,000 | $ 236,000 | $ 0 |
| Vero Beach, FL | 2 | $ 1,116,000 | $ 558,000 | $ 0 |
| Albany-Schenectady-Troy, NY | 1 | $ 10,000 | $ 10,000 | $ 29,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 801,000 | $ 801,000 | $ 0 |
| Amarillo, TX | 1 | $ 447,000 | $ 447,000 | $ 0 |
| Asheville, NC | 1 | $ 14,000 | $ 14,000 | $ 65,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 544,000 | $ 544,000 | $ 0 |
| Bend, OR | 1 | $ 626,000 | $ 626,000 | $ 0 |
| Bremerton-Silverdale, WA | 1 | $ 410,000 | $ 410,000 | $ 0 |
| Casper, WY | 1 | $ 134,000 | $ 134,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Coeur D'Alene, ID | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Eugene-Springfield, OR | 1 | $ 141,000 | $ 141,000 | $ 0 |
| Gainesville, GA | 1 | $ 714,000 | $ 714,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 35,000 | $ 35,000 | $ 140,000 |
| Greenville, NC | 1 | $ 538,000 | $ 538,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Lancaster, PA | 1 | $ 377,000 | $ 377,000 | $ 0 |
| Little Rock-North Little Rock, AR | 1 | $ 498,000 | $ 498,000 | $ 0 |
| Macon, GA | 1 | $ 510,000 | $ 510,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 447,000 | $ 447,000 | $ 0 |
| Ocean City, NJ | 1 | $ 366,000 | $ 366,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 514,000 | $ 514,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 990,000 | $ 990,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 285,000 | $ 285,000 | $ 111,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 494,000 | $ 494,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 615,000 | $ 615,000 | $ 0 |
| Redding, CA | 1 | $ 470,000 | $ 470,000 | $ 0 |
| Reno-Sparks, NV | 1 | $ 460,000 | $ 460,000 | $ 0 |
| Rochester, NY | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 433,000 | $ 433,000 | $ 0 |
| Salinas, CA | 1 | $ 494,000 | $ 494,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 648,000 | $ 648,000 | $ 0 |
| San Angelo, TX | 1 | $ 593,000 | $ 593,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 389,000 | $ 389,000 | $ 0 |
| Santa Fe, NM | 1 | $ 580,000 | $ 580,000 | $ 0 |
| Savannah, GA | 1 | $ 371,000 | $ 371,000 | $ 0 |
| Springfield, MO | 1 | $ 454,000 | $ 454,000 | $ 0 |
| Stockton, CA | 1 | $ 416,000 | $ 416,000 | $ 0 |
| Toledo, OH | 1 | $ 20,000 | $ 20,000 | $ 81,000 |
| Trenton-Ewing, NJ | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Tyler, TX | 1 | $ 99,000 | $ 99,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 33,000 | $ 33,000 | $ 149,000 |
| Wichita Falls, TX | 1 | $ 498,000 | $ 498,000 | $ 0 |
| Wilmington, DE-MD-NJ | 1 | $ 442,000 | $ 442,000 | $ 0 |
| Wilmington, NC | 1 | $ 391,000 | $ 391,000 | $ 0 |
| Yakima, WA | 1 | $ 169,000 | $ 169,000 | $ 0 |
| Yuma, AZ | 1 | $ 82,000 | $ 82,000 | $ 0 |
Mortgage Loan Application Detail Totals for Citizens Bank of Massachusetts in 2005
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 Improvement | 5,727 | $287,438,000 | $43,777 | $3,250,000 | $80,000 | $1,795,000 |
| Refinancing | 4,687 | $836,588,000 | $423,454 | $5,000,000 | $16,545 | $9,300,000 |
| Home Purchase | 1,289 | $342,256,000 | $459,382 | $3,470,000 | $20,852 | $3,160,000 |
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 | 7,394 | $705,240,000 | $78,933 | $3,250,000 | $93,133 | $9,300,000 |
| Hispanic | 1,154 | $82,265,000 | $55,333 | $600,000 | $67,666 | $1,600,000 |
| Not Provided | 1,039 | $88,039,000 | $99,375 | $890,000 | $122,375 | $3,980,000 |
| Not applicable | 826 | $458,468,000 | $498,511 | $5,000,000 | $1,860 | $3,000,000 |
| Black or African American | 777 | $72,897,000 | $222,833 | $5,000,000 | $172,166 | $674,000 |
| Asian | 413 | $49,833,000 | $92,142 | $840,000 | $157,714 | $1,143,000 |
| American Indian or Alaskan Native | 57 | $4,323,000 | $57,500 | $358,000 | $103,000 | $325,000 |
| Native Hawaiian or Other Pacific Islander | 43 | $5,217,000 | $121,000 | $750,000 | $95,000 | $398,000 |
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) | 11,703 | $1,466,282,000 | $427,545 | $5,000,000 | $16,886 | $9,300,000 |
| 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 | 5,323 | $430,476,000 | $61,625 | $5,000,000 | $107,625 | $3,160,000 |
| Application Denied By Financial Institution | 3,759 | $308,759,000 | $68,636 | $5,000,000 | $87,090 | $1,795,000 |
| Loan Purchased By The Institution | 1,683 | $629,446,000 | $455,386 | $1,094,000 | $9,068 | $1,278,000 |
| Application Approved But Not Accepted | 915 | $93,525,000 | $95,333 | $800,000 | $112,555 | $9,300,000 |
| Application Withdrawn By Applicant | 23 | $4,076,000 | $177,000 | $650,000 | $194,000 | $1,600,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,525 | $94,768,000 | $60,166 | $3,250,000 | $75,666 | $683,000 |
| Debt-To-Income Ratio | 1,349 | $131,609,000 | $95,000 | $5,000,000 | $66,875 | $727,000 |
| Collateral | 391 | $49,602,000 | $79,571 | $1,000,000 | $122,571 | $1,563,000 |
| Other | 284 | $14,834,000 | $18,666 | $645,000 | $72,000 | $523,000 |
| Unverifiable Information | 159 | $13,546,000 | $41,000 | $685,000 | $45,666 | $1,795,000 |
| Credit Application Incomplete | 36 | $3,618,000 | $66,000 | $380,000 | $244,000 | $395,000 |
| Employment History | 15 | $782,000 | $52,000 | $445,000 | $26,000 | $75,000 |
| 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 Citizens Bank of Massachusetts's 2005 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 Citizens Bank of Massachusetts'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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