First Federal Svg Bank Boston Mortgage Lending & HMDA Data, 2012
In 2012, First Federal Svg Bank Boston of Andover, MA reported 3,825 mortgage applications totaling $872.0 million, up 37% from 2011. The average application was for $227,963, and applicants reported an average income of $96,407. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Boston-Quincy, MA (797), Providence-New Bedford-Fall River, RI-MA (762) and Cambridge-Newton-Framingham, MA (617) (applications in parentheses).
| Mortgage Company & Address | First Federal Svg Bank Boston 100 Brickstone Square Andover, MA 01810 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 3,825 |
| Total Mortgage Loan Application Amount | $871,962,000 |
| Average Mortgage Loan Application Amount | $227,963 |
| Highest Mortgage Loan Application Amount | $1,345,000 |
| Average Applicant Income | $96,407 |
| Highest Applicant Income | $3,186,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Svg Bank Boston filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 797 | $ 211,032,000 | $ 264,782 | $ 104,000 |
| Providence-New Bedford-Fall River, RI-MA | 762 | $ 159,125,000 | $ 208,825 | $ 81,414 |
| Cambridge-Newton-Framingham, MA | 617 | $ 146,660,000 | $ 237,698 | $ 96,000 |
| Worcester, MA | 412 | $ 80,753,000 | $ 196,002 | $ 91,000 |
| Peabody, MA | 349 | $ 80,073,000 | $ 229,435 | $ 93,000 |
| Springfield, MA | 179 | $ 33,610,000 | $ 187,765 | $ 83,000 |
| Manchester-Nashua, NH | 170 | $ 34,422,000 | $ 202,482 | $ 95,000 |
| Rockingham County-Strafford County, NH | 103 | $ 23,681,000 | $ 229,912 | $ 99,000 |
| Nassau-Suffolk, NY | 79 | $ 24,253,000 | $ 307,000 | $ 136,000 |
| Barnstable Town, MA | 74 | $ 16,997,000 | $ 229,689 | $ 104,000 |
| Hartford-West Hartford-East Hartford, CT | 44 | $ 7,956,000 | $ 180,818 | $ 93,000 |
| Portland-South Portland-Biddeford, ME | 29 | $ 6,722,000 | $ 231,793 | $ 124,000 |
| New York-White Plains-Wayne, NY-NJ | 26 | $ 10,973,000 | $ 422,038 | $ 201,846 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 2,253,000 | $ 281,625 | $ 280,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 7 | $ 2,114,000 | $ 302,000 | $ 127,000 |
| Bangor, ME | 6 | $ 968,000 | $ 161,333 | $ 27,000 |
| New Haven-Milford, CT | 6 | $ 869,000 | $ 144,833 | $ 83,000 |
| Newark-Union, NJ-PA | 5 | $ 1,356,000 | $ 271,200 | $ 85,000 |
| Norwich-New London, CT | 4 | $ 422,000 | $ 105,500 | $ 70,000 |
| Edison-New Brunswick, NJ | 3 | $ 946,000 | $ 315,333 | $ 185,000 |
| Pittsfield, MA | 3 | $ 538,000 | $ 179,333 | $ 105,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 639,000 | $ 213,000 | $ 64,000 |
| Boulder, CO | 2 | $ 162,000 | $ 81,000 | $ 256,000 |
| Camden, NJ | 2 | $ 419,000 | $ 209,500 | $ 88,000 |
| Fort Wayne, IN | 2 | $ 595,000 | $ 297,500 | $ 110,000 |
| Punta Gorda, FL | 2 | $ 658,000 | $ 329,000 | $ 201,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 211,000 | $ 105,500 | $ 28,000 |
| Trenton-Ewing, NJ | 2 | $ 435,000 | $ 217,500 | $ 55,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 250,000 | $ 250,000 | $ 57,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 156,000 | $ 156,000 | $ 492,000 |
| Naples-Marco Island, FL | 1 | $ 300,000 | $ 300,000 | $ 373,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 140,000 | $ 140,000 | $ 153,000 |
| Ocala, FL | 1 | $ 92,000 | $ 92,000 | $ 60,000 |
| Sebastian-Vero Beach, FL | 1 | $ 417,000 | $ 417,000 | $ 486,000 |
| Syracuse, NY | 1 | $ 155,000 | $ 155,000 | $ 140,000 |
Mortgage Loan Application Detail Totals for First Federal Svg Bank Boston 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 | 2,723 | $635,138,000 | $233,000 | $783,000 | $99,000 | $1,796,000 |
| Home Purchase | 1,102 | $236,824,000 | $214,000 | $1,345,000 | $90,000 | $3,186,000 |
| 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 | 3,312 | $763,341,000 | $230,000 | $1,345,000 | $98,000 | $3,186,000 |
| Not Provided | 214 | $46,370,000 | $216,000 | $600,000 | $82,000 | $343,000 |
| Asian | 131 | $27,386,000 | $209,000 | $466,000 | $103,000 | $729,000 |
| Hispanic | 108 | $22,329,000 | $206,000 | $510,000 | $72,000 | $301,000 |
| Black or African American | 54 | $10,964,000 | $203,000 | $414,000 | $72,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $992,000 | $198,000 | $292,000 | $59,000 | $93,000 |
| American Indian or Alaskan Native | 1 | $580,000 | $580,000 | $580,000 | $107,000 | $107,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,080 | $706,673,000 | $229,000 | $1,345,000 | $106,000 | $3,186,000 |
| FHA-insured (Federal Housing Administration) | 596 | $129,925,000 | $217,000 | $695,000 | $57,000 | $403,000 |
| VA-guaranteed (Veterans Administration) | 121 | $29,971,000 | $247,000 | $482,000 | $53,000 | $209,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 28 | $5,393,000 | $192,000 | $311,000 | $60,000 | $99,000 |
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 | 2,995 | $686,362,000 | $229,000 | $1,345,000 | $98,000 | $3,186,000 |
| Application Denied By Financial Institution | 283 | $60,559,000 | $213,000 | $750,000 | $80,000 | $901,000 |
| File Closed For Incompleteness | 240 | $55,239,000 | $230,000 | $690,000 | $96,000 | $901,000 |
| Application Withdrawn By Applicant | 186 | $41,246,000 | $221,000 | $720,000 | $94,000 | $729,000 |
| Application Approved But Not Accepted | 121 | $28,556,000 | $236,000 | $534,000 | $104,000 | $994,000 |
| 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 | 98 | $20,708,000 | $211,000 | $643,000 | $57,000 | $142,000 |
| Collateral | 87 | $18,600,000 | $213,000 | $750,000 | $98,000 | $341,000 |
| Credit History | 39 | $8,761,000 | $224,000 | $700,000 | $90,000 | $730,000 |
| Other | 28 | $6,066,000 | $216,000 | $417,000 | $103,000 | $901,000 |
| Credit Application Incomplete | 21 | $4,325,000 | $205,000 | $373,000 | $70,000 | $131,000 |
| Unverifiable Information | 5 | $1,209,000 | $241,000 | $475,000 | $98,000 | $222,000 |
| Employment History | 5 | $890,000 | $178,000 | $215,000 | $51,000 | $83,000 |
| 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 First Federal Svg Bank Boston'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 First Federal Svg Bank Boston'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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