Mortgage Master, Inc. Mortgage Lending & HMDA Data, 2012
In 2012, Mortgage Master, Inc. of Walpole, MA reported 28,740 mortgage applications totaling $8.7 billion, up 37% from 2011. The average application was for $303,646, and applicants reported an average income of $149,395. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Boston-Quincy, MA (6,196), Cambridge-Newton-Framingham, MA (5,826) and New York-White Plains-Wayne, NY-NJ (1,769) (applications in parentheses).
| Mortgage Company & Address | Mortgage Master, Inc. 102 Elm Street Walpole, MA 02081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 28,740 |
| Total Mortgage Loan Application Amount | $8,726,788,000 |
| Average Mortgage Loan Application Amount | $303,646 |
| Highest Mortgage Loan Application Amount | $3,510,000 |
| Average Applicant Income | $149,395 |
| Highest Applicant Income | $5,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Master, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 6,196 | $ 1,977,215,000 | $ 319,111 | $ 153,000 |
| Cambridge-Newton-Framingham, MA | 5,826 | $ 1,891,486,000 | $ 324,662 | $ 159,000 |
| New York-White Plains-Wayne, NY-NJ | 1,769 | $ 607,109,000 | $ 343,193 | $ 157,746 |
| Peabody, MA | 1,678 | $ 502,284,000 | $ 299,334 | $ 139,000 |
| Hartford-West Hartford-East Hartford, CT | 1,428 | $ 317,710,000 | $ 222,485 | $ 113,000 |
| Providence-New Bedford-Fall River, RI-MA | 1,367 | $ 320,421,000 | $ 234,397 | $ 112,719 |
| Bridgeport-Stamford-Norwalk, CT | 1,284 | $ 517,494,000 | $ 403,032 | $ 193,000 |
| Baltimore-Towson, MD | 1,120 | $ 321,432,000 | $ 286,992 | $ 135,000 |
| Worcester, MA | 1,025 | $ 281,111,000 | $ 274,254 | $ 136,000 |
| New Haven-Milford, CT | 746 | $ 172,754,000 | $ 231,573 | $ 120,000 |
| Philadelphia, PA | 742 | $ 201,723,000 | $ 271,863 | $ 149,000 |
| Edison-New Brunswick, NJ | 708 | $ 208,603,000 | $ 294,637 | $ 147,000 |
| Barnstable Town, MA | 647 | $ 177,796,000 | $ 274,800 | $ 187,000 |
| Newark-Union, NJ-PA | 523 | $ 165,152,000 | $ 315,778 | $ 154,827 |
| Rockingham County-Strafford County, NH | 390 | $ 101,834,000 | $ 261,112 | $ 120,000 |
| Springfield, MA | 380 | $ 81,311,000 | $ 213,976 | $ 93,000 |
| Nassau-Suffolk, NY | 257 | $ 95,163,000 | $ 370,284 | $ 159,000 |
| Bethesda-Rockville-Frederick, MD | 244 | $ 81,816,000 | $ 335,311 | $ 143,000 |
| Norwich-New London, CT | 234 | $ 55,485,000 | $ 237,115 | $ 97,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 228 | $ 74,613,000 | $ 327,250 | $ 149,188 |
| Manchester-Nashua, NH | 213 | $ 54,492,000 | $ 255,830 | $ 135,000 |
| Trenton-Ewing, NJ | 149 | $ 48,683,000 | $ 326,731 | $ 175,000 |
| San Diego-Carlsbad-San Marcos, CA | 87 | $ 35,475,000 | $ 407,758 | $ 184,000 |
| Portland-South Portland-Biddeford, ME | 85 | $ 23,048,000 | $ 271,152 | $ 156,000 |
| San Francisco-San Mateo-Redwood City, CA | 79 | $ 39,258,000 | $ 496,936 | $ 188,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 56 | $ 15,045,000 | $ 268,660 | $ 112,000 |
| Ocean City, NJ | 44 | $ 15,358,000 | $ 349,045 | $ 308,000 |
| Camden, NJ | 39 | $ 9,667,000 | $ 247,871 | $ 135,000 |
| Los Angeles-Long Beach-Glendale, CA | 35 | $ 15,780,000 | $ 450,857 | $ 205,000 |
| Oakland-Fremont-Hayward, CA | 29 | $ 13,566,000 | $ 467,793 | $ 223,000 |
| Pittsfield, MA | 29 | $ 7,040,000 | $ 242,758 | $ 205,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 28 | $ 6,276,000 | $ 224,142 | $ 117,714 |
| San Jose-Sunnyvale-Santa Clara, CA | 27 | $ 12,298,000 | $ 455,481 | $ 178,000 |
| Wilmington, DE-MD-NJ | 22 | $ 5,731,000 | $ 260,500 | $ 133,909 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 18 | $ 5,271,000 | $ 292,833 | $ 277,000 |
| Richmond, VA | 17 | $ 4,356,000 | $ 256,235 | $ 112,000 |
| Atlantic City-Hammonton, NJ | 15 | $ 4,065,000 | $ 271,000 | $ 320,000 |
| Durham-Chapel Hill, NC | 15 | $ 4,078,000 | $ 271,866 | $ 117,000 |
| Riverside-San Bernardino-Ontario, CA | 15 | $ 3,542,000 | $ 236,133 | $ 124,000 |
| Naples-Marco Island, FL | 14 | $ 5,003,000 | $ 357,357 | $ 203,000 |
| Reading, PA | 13 | $ 2,657,000 | $ 204,384 | $ 115,000 |
| North Port-Bradenton-Sarasota, FL | 12 | $ 3,018,000 | $ 251,500 | $ 251,000 |
| Santa Ana-Anaheim-Irvine, CA | 12 | $ 5,128,000 | $ 427,333 | $ 147,000 |
| Orlando-Kissimmee-Sanford, FL | 11 | $ 3,942,000 | $ 358,363 | $ 232,000 |
| Seattle-Bellevue-Everett, WA | 9 | $ 2,422,000 | $ 269,111 | $ 124,000 |
| Harrisburg-Carlisle, PA | 8 | $ 2,235,000 | $ 279,375 | $ 168,000 |
| Pittsburgh, PA | 7 | $ 2,168,000 | $ 309,714 | $ 203,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 7 | $ 2,148,000 | $ 306,857 | $ 207,000 |
| Burlington-South Burlington, VT | 6 | $ 851,000 | $ 141,833 | $ 236,000 |
| Jacksonville, FL | 6 | $ 1,289,000 | $ 214,833 | $ 85,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,054,000 | $ 210,800 | $ 165,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,842,000 | $ 368,400 | $ 309,000 |
| Kingston, NY | 5 | $ 1,528,000 | $ 305,600 | $ 176,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,386,000 | $ 277,200 | $ 160,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 893,000 | $ 223,250 | $ 175,000 |
| Lancaster, PA | 4 | $ 718,000 | $ 179,500 | $ 72,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 996,000 | $ 249,000 | $ 151,000 |
| Punta Gorda, FL | 4 | $ 785,000 | $ 196,250 | $ 143,000 |
| State College, PA | 4 | $ 1,044,000 | $ 261,000 | $ 126,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 765,000 | $ 255,000 | $ 203,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 3 | $ 1,181,000 | $ 393,666 | $ 208,000 |
| Chicago-Joliet-Naperville, IL | 3 | $ 928,000 | $ 309,333 | $ 114,000 |
| Lynchburg, VA | 3 | $ 980,000 | $ 326,666 | $ 1,009,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 905,000 | $ 301,666 | $ 159,000 |
| Palm Coast, FL | 3 | $ 537,000 | $ 179,000 | $ 106,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 639,000 | $ 213,000 | $ 63,000 |
| Raleigh-Cary, NC | 3 | $ 875,000 | $ 291,666 | $ 148,000 |
| Santa Rosa-Petaluma, CA | 3 | $ 1,345,000 | $ 448,333 | $ 117,000 |
| Charlottesville, VA | 2 | $ 448,000 | $ 224,000 | $ 72,000 |
| Glens Falls, NY | 2 | $ 469,000 | $ 234,500 | $ 153,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 254,000 | $ 127,000 | $ 44,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 390,000 | $ 195,000 | $ 79,000 |
| Port St. Lucie, FL | 2 | $ 206,000 | $ 103,000 | $ 48,000 |
| Rocky Mount, NC | 2 | $ 316,000 | $ 158,000 | $ 116,000 |
| Sebastian-Vero Beach, FL | 2 | $ 356,000 | $ 178,000 | $ 107,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 531,000 | $ 265,500 | $ 125,000 |
| Visalia-Porterville, CA | 2 | $ 729,000 | $ 364,500 | $ 1,161,000 |
| Asheville, NC | 1 | $ 100,000 | $ 100,000 | $ 431,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 176,000 | $ 176,000 | $ 78,000 |
| Burlington, NC | 1 | $ 196,000 | $ 196,000 | $ 66,000 |
| Colorado Springs, CO | 1 | $ 190,000 | $ 190,000 | $ 115,000 |
| Denver-Aurora-Broomfield, CO | 1 | $ 350,000 | $ 350,000 | $ 241,000 |
| Dover, DE | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 168,000 | $ 168,000 | $ 139,000 |
| Lewiston-Auburn, ME | 1 | $ 145,000 | $ 145,000 | $ 95,000 |
| Napa, CA | 1 | $ 247,000 | $ 247,000 | $ 292,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 260,000 | $ 260,000 | $ 69,000 |
| Salisbury, MD | 1 | $ 240,000 | $ 240,000 | $ 148,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 300,000 | $ 300,000 | $ 84,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 405,000 | $ 405,000 | $ 221,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 366,000 | $ 366,000 | $ 119,000 |
| Stockton, CA | 1 | $ 479,000 | $ 479,000 | $ 308,000 |
| Valdosta, GA | 1 | $ 335,000 | $ 335,000 | $ 47,000 |
| Wilmington, NC | 1 | $ 208,000 | $ 208,000 | $ 270,000 |
| Yakima, WA | 1 | $ 228,000 | $ 228,000 | $ 86,000 |
| York-Hanover, PA | 1 | $ 176,000 | $ 176,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Mortgage Master, Inc. 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 | 21,418 | $6,630,867,000 | $309,000 | $3,510,000 | $155,000 | $5,000,000 |
| Home Purchase | 7,322 | $2,095,921,000 | $286,000 | $2,000,000 | $133,000 | $2,600,000 |
| 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 | 24,509 | $7,489,670,000 | $305,000 | $3,510,000 | $152,000 | $5,000,000 |
| Asian | 1,882 | $596,218,000 | $316,000 | $2,000,000 | $155,000 | $2,978,000 |
| Not Provided | 1,041 | $315,243,000 | $302,000 | $1,830,000 | $143,000 | $2,500,000 |
| Hispanic | 634 | $163,342,000 | $257,000 | $1,325,000 | $103,000 | $786,000 |
| Black or African American | 602 | $141,674,000 | $235,000 | $1,320,000 | $87,000 | $719,000 |
| Native Hawaiian or Other Pacific Islander | 51 | $15,099,000 | $296,000 | $678,000 | $132,000 | $375,000 |
| American Indian or Alaskan Native | 21 | $5,542,000 | $263,000 | $625,000 | $136,000 | $233,000 |
| 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) | 25,511 | $7,880,815,000 | $308,000 | $3,510,000 | $159,000 | $5,000,000 |
| FHA-insured (Federal Housing Administration) | 2,808 | $727,506,000 | $259,000 | $743,000 | $77,000 | $549,000 |
| VA-guaranteed (Veterans Administration) | 350 | $104,958,000 | $299,000 | $650,000 | $66,000 | $799,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 71 | $13,509,000 | $190,000 | $311,000 | $60,000 | $94,000 |
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 | 23,155 | $7,035,582,000 | $303,000 | $2,000,000 | $150,000 | $3,252,000 |
| Application Withdrawn By Applicant | 3,355 | $1,034,694,000 | $308,000 | $1,995,000 | $155,000 | $5,000,000 |
| Application Denied By Financial Institution | 1,359 | $388,855,000 | $286,000 | $3,510,000 | $120,000 | $2,554,000 |
| Application Approved But Not Accepted | 510 | $151,800,000 | $297,000 | $1,210,000 | $163,000 | $1,520,000 |
| File Closed For Incompleteness | 361 | $115,857,000 | $320,000 | $1,363,000 | $163,000 | $1,122,000 |
| 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 | 416 | $122,641,000 | $294,000 | $3,510,000 | $81,000 | $1,142,000 |
| Collateral | 400 | $114,775,000 | $286,000 | $2,000,000 | $152,000 | $768,000 |
| Other | 252 | $71,129,000 | $282,000 | $1,000,000 | $136,000 | $2,554,000 |
| Credit History | 188 | $52,019,000 | $276,000 | $1,350,000 | $127,000 | $1,872,000 |
| Unverifiable Information | 42 | $12,472,000 | $296,000 | $1,232,000 | $122,000 | $500,000 |
| Employment History | 31 | $8,022,000 | $258,000 | $485,000 | $88,000 | $325,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,410,000 | $241,000 | $399,000 | $64,000 | $132,000 |
| Credit Application Incomplete | 4 | $722,000 | $180,000 | $262,000 | $90,000 | $238,000 |
| Mortgage Insurance Denied | 1 | $307,000 | $307,000 | $307,000 | $91,000 | $91,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Master, Inc.'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 Mortgage Master, Inc.'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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