Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Rollstone Bank & Trust of Fitchburg, MA reported 316 mortgage applications totaling $63.8 million, down 10% from 2009. The average application was for $202,006, and applicants reported an average income of $95,715. 63% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Worcester, MA (191), Cambridge-Newton-Framingham, MA (61) and Manchester-Nashua, NH (10) (applications in parentheses).
| Mortgage Company & Address | Rollstone Bank & Trust 780 Main Street Fitchburg, MA 01420 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 316 |
| Total Mortgage Loan Application Amount | $63,834,000 |
| Average Mortgage Loan Application Amount | $202,006 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $95,715 |
| Highest Applicant Income | $747,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust 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 | 185 | $36,588,000 | $197,000 | $995,000 | $100,000 | $483,000 |
| Home Purchase | 122 | $25,566,000 | $209,000 | $1,500,000 | $92,000 | $747,000 |
| Home Improvement | 9 | $1,680,000 | $186,000 | $417,000 | $58,000 | $133,000 |
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 | 297 | $59,991,000 | $201,000 | $1,500,000 | $98,000 | $747,000 |
| Hispanic | 7 | $1,129,000 | $161,000 | $417,000 | $71,000 | $216,000 |
| Not applicable | 6 | $1,318,000 | $219,000 | $724,000 | $0 | $0 |
| Asian | 3 | $714,000 | $238,000 | $408,000 | $98,000 | $202,000 |
| Black or African American | 2 | $354,000 | $177,000 | $230,000 | $131,000 | $159,000 |
| Not Provided | 1 | $328,000 | $328,000 | $328,000 | $70,000 | $70,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 316 | $63,834,000 | $202,000 | $1,500,000 | $95,000 | $747,000 |
| 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 | 200 | $39,533,000 | $197,000 | $1,500,000 | $101,000 | $747,000 |
| Application Denied By Financial Institution | 36 | $7,842,000 | $217,000 | $724,000 | $71,000 | $197,000 |
| Preapproval Approved but not Accepted | 30 | $5,597,000 | $186,000 | $680,000 | $85,000 | $319,000 |
| Application Approved But Not Accepted | 26 | $6,249,000 | $240,000 | $1,000,000 | $115,000 | $418,000 |
| Preapproval Denied by Financial Institution | 14 | $2,485,000 | $177,000 | $480,000 | $58,000 | $263,000 |
| Application Withdrawn By Applicant | 5 | $1,128,000 | $225,000 | $305,000 | $106,000 | $205,000 |
| File Closed For Incompleteness | 5 | $1,000,000 | $200,000 | $355,000 | $99,000 | $185,000 |
| Loan Purchased By The 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 | 24 | $4,227,000 | $176,000 | $369,000 | $52,000 | $138,000 |
| Credit History | 12 | $3,014,000 | $251,000 | $724,000 | $77,000 | $263,000 |
| Collateral | 9 | $2,217,000 | $246,000 | $412,000 | $95,000 | $157,000 |
| Other | 3 | $527,000 | $175,000 | $244,000 | $73,000 | $197,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $342,000 | $171,000 | $190,000 | $64,000 | $74,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust'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 Rollstone 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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