First American Mortgage Trust Mortgage Lending & HMDA Data, 2015
In 2015, First American Mortgage Trust of Brighton, MA reported 137 mortgage applications totaling $34.4 million, down 56% from 2014. The average application was for $251,328, and applicants reported an average income of $54,306. 55% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Boston, MA (42), Worcester, MA-CT (27) and Providence-Warwick, RI-MA (16) (applications in parentheses).
| Mortgage Company & Address | First American Mortgage Trust 70 Leo M. Birmingham Parkway Brighton, MA 02135 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 137 |
| Total Mortgage Loan Application Amount | $34,432,000 |
| Average Mortgage Loan Application Amount | $251,328 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $54,306 |
| Highest Applicant Income | $350,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First American Mortgage Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First American Mortgage Trust in 2015
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 | 80 | $20,709,000 | $258,000 | $650,000 | $36,000 | $350,000 |
| Home Purchase | 57 | $13,723,000 | $240,000 | $626,000 | $80,000 | $324,000 |
| Home Improvement | 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 | 77 | $19,760,000 | $256,000 | $650,000 | $59,000 | $350,000 |
| Hispanic | 25 | $5,384,000 | $215,000 | $626,000 | $52,000 | $249,000 |
| Black or African American | 15 | $3,900,000 | $260,000 | $442,000 | $61,000 | $137,000 |
| Asian | 14 | $4,117,000 | $294,000 | $440,000 | $29,000 | $98,000 |
| Not Provided | 6 | $1,271,000 | $211,000 | $385,000 | $48,000 | $67,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 119 | $28,585,000 | $240,000 | $626,000 | $42,000 | $249,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 16 | $5,531,000 | $345,000 | $650,000 | $140,000 | $350,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $316,000 | $158,000 | $173,000 | $90,000 | $93,000 |
| 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 | 75 | $18,782,000 | $250,000 | $650,000 | $46,000 | $350,000 |
| Application Withdrawn By Applicant | 40 | $10,382,000 | $259,000 | $634,000 | $64,000 | $350,000 |
| Application Denied By Financial Institution | 22 | $5,268,000 | $239,000 | $440,000 | $64,000 | $193,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $2,385,000 | $238,000 | $440,000 | $74,000 | $193,000 |
| Debt-To-Income Ratio | 4 | $946,000 | $236,000 | $415,000 | $56,000 | $72,000 |
| Collateral | 4 | $1,035,000 | $258,000 | $403,000 | $72,000 | $193,000 |
| Other | 4 | $902,000 | $225,000 | $305,000 | $37,000 | $57,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 First American Mortgage Trust's 2015 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 First American Mortgage 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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