Mortgage Master Mortgage Lending & HMDA Data, 2014
In 2014, Mortgage Master of Walpole, MA reported 13,277 mortgage applications totaling $4.1 billion, down 45% from 2013. The average application was for $308,068, and applicants reported an average income of $142,777. 74% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Boston, MA (2,092), Cambridge-Newton-Framingham, MA (2,069) and New York-Jersey City-White Plains, NY-NJ (2,043) (applications in parentheses).
| Mortgage Company & Address | Mortgage Master 102 Elm Street Walpole, MA 02081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 |
| Total Number of Mortgage Applications | 13,277 |
| Total Mortgage Loan Application Amount | $4,090,223,000 |
| Average Mortgage Loan Application Amount | $308,068 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $142,777 |
| Highest Applicant Income | $4,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Master filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, MA | 2,092 | $ 672,783,000 | $ 321,597 | $ 148,000 |
| Cambridge-Newton-Framingham, MA | 2,069 | $ 684,739,000 | $ 330,951 | $ 142,000 |
| New York-Jersey City-White Plains, NY-NJ | 2,043 | $ 736,867,000 | $ 360,678 | $ 155,802 |
| Providence-Warwick, RI-MA | 637 | $ 146,852,000 | $ 230,536 | $ 105,758 |
| Bridgeport-Stamford-Norwalk, CT | 559 | $ 196,843,000 | $ 352,134 | $ 159,000 |
| Hartford-West Hartford-East Hartford, CT | 522 | $ 116,598,000 | $ 223,367 | $ 121,000 |
| Newark, NJ-PA | 518 | $ 167,146,000 | $ 322,675 | $ 143,220 |
| Baltimore-Columbia-Towson, MD | 487 | $ 133,422,000 | $ 273,967 | $ 124,000 |
| Chicago-Naperville-Arlington Heights, IL | 485 | $ 133,929,000 | $ 276,142 | $ 139,000 |
| Worcester, MA-CT | 411 | $ 108,901,000 | $ 264,965 | $ 129,389 |
| Montgomery County-Bucks County-Chester County, PA | 310 | $ 85,611,000 | $ 276,164 | $ 137,000 |
| Nassau County-Suffolk County, NY | 292 | $ 106,607,000 | $ 365,092 | $ 160,000 |
| New Haven-Milford, CT | 253 | $ 52,426,000 | $ 207,217 | $ 108,000 |
| Barnstable Town, MA | 231 | $ 61,806,000 | $ 267,558 | $ 157,000 |
| Springfield, MA | 215 | $ 42,849,000 | $ 199,297 | $ 83,000 |
| Philadelphia, PA | 174 | $ 41,243,000 | $ 237,028 | $ 120,000 |
| Rockingham County-Strafford County, NH | 155 | $ 41,783,000 | $ 269,567 | $ 120,000 |
| San Diego-Carlsbad, CA | 100 | $ 39,917,000 | $ 399,170 | $ 159,000 |
| Trenton, NJ | 97 | $ 32,979,000 | $ 339,989 | $ 219,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 95 | $ 27,307,000 | $ 287,442 | $ 133,989 |
| Los Angeles-Long Beach-Glendale, CA | 71 | $ 31,121,000 | $ 438,323 | $ 155,000 |
| Silver Spring-Frederick-Rockville, MD | 71 | $ 26,228,000 | $ 369,408 | $ 134,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 63 | $ 10,454,000 | $ 165,936 | $ 90,000 |
| Dutchess County-Putnam County, NY | 61 | $ 16,904,000 | $ 277,114 | $ 115,000 |
| Camden, NJ | 58 | $ 13,105,000 | $ 225,948 | $ 117,000 |
| Manchester-Nashua, NH | 57 | $ 14,623,000 | $ 256,543 | $ 145,000 |
| Portland-South Portland, ME | 53 | $ 15,457,000 | $ 291,641 | $ 146,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 49 | $ 12,956,000 | $ 264,408 | $ 139,000 |
| Lake County-Kenosha County, IL-WI | 46 | $ 16,393,000 | $ 356,369 | $ 223,804 |
| Oakland-Hayward-Berkeley, CA | 43 | $ 21,421,000 | $ 498,162 | $ 153,000 |
| San Francisco-Redwood City-South San Francisco, CA | 43 | $ 21,104,000 | $ 490,790 | $ 165,000 |
| San Rafael, CA | 40 | $ 21,476,000 | $ 536,900 | $ 185,000 |
| Houston-The Woodlands-Sugar Land, TX | 36 | $ 8,829,000 | $ 245,250 | $ 135,000 |
| Riverside-San Bernardino-Ontario, CA | 32 | $ 8,995,000 | $ 281,093 | $ 154,000 |
| Boulder, CO | 30 | $ 7,695,000 | $ 256,500 | $ 111,000 |
| Ocean City, NJ | 27 | $ 8,210,000 | $ 304,074 | $ 236,000 |
| Norwich-New London, CT | 26 | $ 6,830,000 | $ 262,692 | $ 129,000 |
| Anaheim-Santa Ana-Irvine, CA | 25 | $ 11,188,000 | $ 447,520 | $ 172,000 |
| Denver-Aurora-Lakewood, CO | 24 | $ 8,590,000 | $ 357,916 | $ 140,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 21 | $ 6,058,000 | $ 288,476 | $ 190,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 20 | $ 10,835,000 | $ 541,750 | $ 183,000 |
| Atlantic City-Hammonton, NJ | 19 | $ 4,717,000 | $ 248,263 | $ 174,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 19 | $ 3,756,000 | $ 197,684 | $ 108,000 |
| Austin-Round Rock, TX | 17 | $ 4,182,000 | $ 246,000 | $ 112,000 |
| Santa Rosa, CA | 17 | $ 6,321,000 | $ 371,823 | $ 149,000 |
| Salisbury, MD-DE | 15 | $ 4,079,000 | $ 271,933 | $ 199,333 |
| Elgin, IL | 14 | $ 2,755,000 | $ 196,785 | $ 95,000 |
| Gary, IN | 12 | $ 2,265,000 | $ 188,750 | $ 122,000 |
| Miami-Miami Beach-Kendall, FL | 12 | $ 4,845,000 | $ 403,750 | $ 174,000 |
| Wilmington, DE-MD-NJ | 12 | $ 2,482,000 | $ 206,833 | $ 94,666 |
| Charlotte-Concord-Gastonia, NC-SC | 11 | $ 2,624,000 | $ 238,545 | $ 153,000 |
| Orlando-Kissimmee-Sanford, FL | 11 | $ 2,146,000 | $ 195,090 | $ 134,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 2,273,000 | $ 206,636 | $ 198,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 10 | $ 2,444,000 | $ 244,400 | $ 138,800 |
| Kingston, NY | 10 | $ 2,506,000 | $ 250,600 | $ 225,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,970,000 | $ 330,000 | $ 168,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 3,428,000 | $ 428,500 | $ 320,000 |
| Pittsfield, MA | 7 | $ 1,485,000 | $ 212,142 | $ 185,000 |
| Atlanta-Sandy Springs-Roswell, GA | 6 | $ 1,395,000 | $ 232,500 | $ 122,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,419,000 | $ 236,500 | $ 144,000 |
| Naples-Immokalee-Marco Island, FL | 6 | $ 1,367,000 | $ 227,833 | $ 120,000 |
| Seattle-Bellevue-Everett, WA | 6 | $ 3,445,000 | $ 574,166 | $ 233,000 |
| Dallas-Plano-Irving, TX | 5 | $ 1,119,000 | $ 223,800 | $ 123,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,806,000 | $ 361,200 | $ 112,000 |
| Raleigh, NC | 5 | $ 1,344,000 | $ 268,800 | $ 236,000 |
| California-Lexington Park, MD | 4 | $ 919,000 | $ 229,750 | $ 130,000 |
| Fort Collins, CO | 4 | $ 1,319,000 | $ 329,750 | $ 75,000 |
| Greeley, CO | 4 | $ 1,155,000 | $ 288,750 | $ 119,000 |
| Lancaster, PA | 4 | $ 807,000 | $ 201,750 | $ 122,000 |
| Lewiston-Auburn, ME | 4 | $ 794,000 | $ 198,500 | $ 104,000 |
| Port St. Lucie, FL | 4 | $ 603,000 | $ 150,750 | $ 193,000 |
| Reading, PA | 4 | $ 815,000 | $ 203,750 | $ 104,000 |
| Rochester, NY | 4 | $ 400,000 | $ 100,000 | $ 132,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 1,983,000 | $ 495,750 | $ 193,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 1,259,000 | $ 314,750 | $ 204,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 469,000 | $ 156,333 | $ 116,000 |
| Durham-Chapel Hill, NC | 3 | $ 880,000 | $ 293,333 | $ 108,000 |
| Hinesville, GA | 3 | $ 473,000 | $ 157,666 | $ 61,000 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 711,000 | $ 237,000 | $ 112,000 |
| Napa, CA | 3 | $ 700,000 | $ 233,333 | $ 167,000 |
| Punta Gorda, FL | 3 | $ 397,000 | $ 132,333 | $ 73,000 |
| San Antonio-New Braunfels, TX | 3 | $ 728,000 | $ 242,666 | $ 122,000 |
| Stockton-Lodi, CA | 3 | $ 729,000 | $ 243,000 | $ 111,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 380,000 | $ 126,666 | $ 85,000 |
| Watertown-Fort Drum, NY | 3 | $ 580,000 | $ 193,333 | $ 181,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 301,000 | $ 150,500 | $ 344,000 |
| East Stroudsburg, PA | 2 | $ 205,000 | $ 102,500 | $ 45,000 |
| Glens Falls, NY | 2 | $ 510,000 | $ 255,000 | $ 168,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 830,000 | $ 415,000 | $ 399,000 |
| Harrisburg-Carlisle, PA | 2 | $ 801,000 | $ 400,500 | $ 268,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 623,000 | $ 311,500 | $ 106,000 |
| Jacksonville, FL | 2 | $ 577,000 | $ 288,500 | $ 108,000 |
| Niles-Benton Harbor, MI | 2 | $ 146,000 | $ 73,000 | $ 102,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 870,000 | $ 435,000 | $ 91,000 |
| Sebastian-Vero Beach, FL | 2 | $ 156,000 | $ 78,000 | $ 41,000 |
| Vallejo-Fairfield, CA | 2 | $ 644,000 | $ 322,000 | $ 134,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 792,000 | $ 792,000 | $ 500,000 |
| Ann Arbor, MI | 1 | $ 135,000 | $ 135,000 | $ 494,000 |
| Asheville, NC | 1 | $ 128,000 | $ 128,000 | $ 167,000 |
| Binghamton, NY | 1 | $ 102,000 | $ 102,000 | $ 175,000 |
| Bloomington, IN | 1 | $ 80,000 | $ 80,000 | $ 75,000 |
| Bremerton-Silverdale, WA | 1 | $ 403,000 | $ 403,000 | $ 64,000 |
| Burlington-South Burlington, VT | 1 | $ 351,000 | $ 351,000 | $ 251,000 |
| Charlottesville, VA | 1 | $ 415,000 | $ 415,000 | $ 90,000 |
| Corpus Christi, TX | 1 | $ 338,000 | $ 338,000 | $ 125,000 |
| Cumberland, MD-WV | 1 | $ 122,000 | $ 122,000 | $ 43,000 |
| Decatur, IL | 1 | $ 105,000 | $ 105,000 | $ 87,000 |
| Elmira, NY | 1 | $ 240,000 | $ 240,000 | $ 116,000 |
| Evansville, IN-KY | 1 | $ 162,000 | $ 162,000 | $ 120,000 |
| Fort Worth-Arlington, TX | 1 | $ 417,000 | $ 417,000 | $ 225,000 |
| Fresno, CA | 1 | $ 417,000 | $ 417,000 | $ 125,000 |
| Gettysburg, PA | 1 | $ 171,000 | $ 171,000 | $ 42,000 |
| Greensboro-High Point, NC | 1 | $ 232,000 | $ 232,000 | $ 57,000 |
| Greenville, NC | 1 | $ 285,000 | $ 285,000 | $ 190,000 |
| Homosassa Springs, FL | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
| Kalamazoo-Portage, MI | 1 | $ 100,000 | $ 100,000 | $ 130,000 |
| Knoxville, TN | 1 | $ 147,000 | $ 147,000 | $ 78,000 |
| Lynchburg, VA | 1 | $ 198,000 | $ 198,000 | $ 134,000 |
| Ocala, FL | 1 | $ 123,000 | $ 123,000 | $ 33,000 |
| Olympia-Tumwater, WA | 1 | $ 150,000 | $ 150,000 | $ 58,000 |
| Redding, CA | 1 | $ 95,000 | $ 95,000 | $ 71,000 |
| Richmond, VA | 1 | $ 500,000 | $ 500,000 | $ 701,000 |
| Salinas, CA | 1 | $ 650,000 | $ 650,000 | $ 390,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 386,000 | $ 386,000 | $ 143,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 260,000 | $ 260,000 | $ 200,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 414,000 | $ 414,000 | $ 242,000 |
| St. Cloud, MN | 1 | $ 198,000 | $ 198,000 | $ 90,000 |
| State College, PA | 1 | $ 132,000 | $ 132,000 | $ 52,000 |
| Syracuse, NY | 1 | $ 84,000 | $ 84,000 | $ 107,000 |
| Wausau, WI | 1 | $ 160,000 | $ 160,000 | $ 101,000 |
| Wilmington, NC | 1 | $ 412,000 | $ 412,000 | $ 606,000 |
| Yuba City, CA | 1 | $ 175,000 | $ 175,000 | $ 111,000 |
Mortgage Loan Application Detail Totals for Mortgage Master in 2014
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 Purchase | 8,462 | $2,534,077,000 | $299,000 | $6,000,000 | $138,000 | $3,420,000 |
| Refinancing | 4,415 | $1,439,540,000 | $326,000 | $4,000,000 | $153,000 | $4,200,000 |
| Home Improvement | 400 | $116,606,000 | $291,000 | $1,000,000 | $131,000 | $750,000 |
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 | 10,543 | $3,252,237,000 | $308,000 | $6,000,000 | $145,000 | $3,420,000 |
| Asian | 1,052 | $348,074,000 | $330,000 | $1,420,000 | $148,000 | $2,400,000 |
| Hispanic | 584 | $166,208,000 | $284,000 | $1,855,000 | $107,000 | $688,000 |
| Not Provided | 577 | $188,526,000 | $326,000 | $3,200,000 | $154,000 | $4,200,000 |
| Black or African American | 498 | $127,383,000 | $255,000 | $1,415,000 | $98,000 | $1,098,000 |
| American Indian or Alaskan Native | 12 | $4,224,000 | $352,000 | $1,000,000 | $205,000 | $780,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $3,571,000 | $324,000 | $540,000 | $104,000 | $176,000 |
| 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) | 11,537 | $3,615,487,000 | $313,000 | $6,000,000 | $151,000 | $4,200,000 |
| FHA-insured (Federal Housing Administration) | 1,369 | $362,260,000 | $264,000 | $977,000 | $87,000 | $400,000 |
| VA-guaranteed (Veterans Administration) | 300 | $98,791,000 | $329,000 | $1,116,000 | $98,000 | $425,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 71 | $13,685,000 | $192,000 | $337,000 | $63,000 | $175,000 |
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 | 9,856 | $2,941,878,000 | $298,000 | $2,433,000 | $137,000 | $2,064,000 |
| Application Withdrawn By Applicant | 1,889 | $669,009,000 | $354,000 | $6,000,000 | $173,000 | $4,200,000 |
| Application Denied By Financial Institution | 854 | $249,309,000 | $291,000 | $4,000,000 | $116,000 | $3,420,000 |
| Application Approved But Not Accepted | 371 | $115,705,000 | $311,000 | $1,450,000 | $153,000 | $1,130,000 |
| File Closed For Incompleteness | 307 | $114,322,000 | $372,000 | $2,500,000 | $178,000 | $1,740,000 |
| 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 | 302 | $97,229,000 | $321,000 | $4,000,000 | $87,000 | $1,000,000 |
| Collateral | 211 | $58,587,000 | $277,000 | $1,890,000 | $146,000 | $1,650,000 |
| Other | 144 | $37,291,000 | $258,000 | $1,222,000 | $119,000 | $434,000 |
| Credit History | 120 | $32,798,000 | $273,000 | $715,000 | $105,000 | $495,000 |
| Unverifiable Information | 32 | $9,309,000 | $290,000 | $996,000 | $113,000 | $261,000 |
| Employment History | 21 | $5,015,000 | $238,000 | $693,000 | $90,000 | $350,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $3,621,000 | $301,000 | $461,000 | $137,000 | $276,000 |
| Credit Application Incomplete | 1 | $146,000 | $146,000 | $146,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Master's 2014 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'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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