Nation One Mortgage Company Mortgage Lending & HMDA Data, 2006
In 2006, Nation One Mortgage Company of Norwell, MA reported 5,326 mortgage applications totaling $759.1 million, down 5% from 2005. The average application was for $142,530, and applicants reported an average income of $90,418. 34% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (675), Hartford-West Hartford-East Hartford, CT (461) and Boston-Quincy, MA (405) (applications in parentheses).
| Mortgage Company & Address | Nation One Mortgage Company 700 Longwater Drive Norwell, MA 02061 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,326 |
| Total Mortgage Loan Application Amount | $759,119,000 |
| Average Mortgage Loan Application Amount | $142,530 |
| Highest Mortgage Loan Application Amount | $1,475,000 |
| Average Applicant Income | $90,418 |
| Highest Applicant Income | $1,980,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nation One Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Providence-New Bedford-Fall River, RI-MA | 675 | $ 106,942,000 | $ 158,432 | $ 88,056 |
| Hartford-West Hartford-East Hartford, CT | 461 | $ 51,567,000 | $ 111,859 | $ 77,000 |
| Boston-Quincy, MA | 405 | $ 86,983,000 | $ 214,772 | $ 101,000 |
| New Haven-Milford, CT | 372 | $ 45,654,000 | $ 122,725 | $ 73,000 |
| Bridgeport-Stamford-Norwalk, CT | 249 | $ 44,303,000 | $ 177,923 | $ 96,000 |
| Worcester, MA | 196 | $ 26,563,000 | $ 135,525 | $ 94,000 |
| Essex County, MA | 190 | $ 33,420,000 | $ 175,894 | $ 82,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 190 | $ 37,626,000 | $ 198,031 | $ 124,300 |
| Baltimore-Towson, MD | 169 | $ 17,548,000 | $ 103,834 | $ 108,000 |
| Springfield, MA | 153 | $ 13,846,000 | $ 90,496 | $ 66,000 |
| Cambridge-Newton-Framingham, MA | 136 | $ 33,277,000 | $ 244,683 | $ 102,000 |
| Kansas City, MO-KS | 122 | $ 9,669,000 | $ 79,254 | $ 103,081 |
| Orlando-Kissimmee, FL | 122 | $ 15,834,000 | $ 129,786 | $ 57,000 |
| Tampa-St. Petersburg-Clearwater, FL | 116 | $ 14,087,000 | $ 121,439 | $ 58,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 115 | $ 20,744,000 | $ 180,382 | $ 113,000 |
| Portland-South Portland-Biddeford, ME | 110 | $ 14,992,000 | $ 136,290 | $ 96,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 98 | $ 8,702,000 | $ 88,795 | $ 80,000 |
| Manchester-Nashua, NH | 94 | $ 12,875,000 | $ 136,968 | $ 83,000 |
| Miami-Miami Beach-Kendall, FL | 93 | $ 17,538,000 | $ 188,580 | $ 111,000 |
| St. Louis, MO-IL | 89 | $ 7,226,000 | $ 81,191 | $ 98,000 |
| Richmond, VA | 80 | $ 6,759,000 | $ 84,487 | $ 97,000 |
| Rockingham County-Strafford County, NH | 79 | $ 10,958,000 | $ 138,708 | $ 113,000 |
| Lewiston-Auburn, ME | 77 | $ 6,868,000 | $ 89,194 | $ 83,000 |
| Jacksonville, FL | 75 | $ 8,370,000 | $ 111,600 | $ 83,000 |
| Norwich-New London, CT | 75 | $ 9,954,000 | $ 132,720 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 55 | $ 7,816,000 | $ 142,109 | $ 93,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 40 | $ 7,400,000 | $ 185,000 | $ 102,000 |
| Palm Bay-Melbourne-Titusville, FL | 38 | $ 4,147,000 | $ 109,131 | $ 146,000 |
| Bethesda-Gaithersburg-Frederick, MD | 32 | $ 6,983,000 | $ 218,218 | $ 90,000 |
| Port St. Lucie-Fort Pierce, FL | 29 | $ 3,729,000 | $ 128,586 | $ 157,000 |
| Pittsfield, MA | 24 | $ 1,386,000 | $ 57,750 | $ 84,000 |
| Lakeland, FL | 22 | $ 1,926,000 | $ 87,545 | $ 73,000 |
| Naples-Marco Island, FL | 21 | $ 3,953,000 | $ 188,238 | $ 70,000 |
| Bangor, ME | 18 | $ 1,227,000 | $ 68,166 | $ 114,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 18 | $ 3,055,000 | $ 169,722 | $ 92,000 |
| Ocala, FL | 17 | $ 1,193,000 | $ 70,176 | $ 132,000 |
| Barnstable Town, MA | 16 | $ 3,612,000 | $ 225,750 | $ 109,000 |
| Sarasota-Bradenton-Venice, FL | 16 | $ 2,964,000 | $ 185,250 | $ 62,000 |
| Punta Gorda, FL | 12 | $ 1,059,000 | $ 88,250 | $ 72,000 |
| Springfield, MO | 8 | $ 777,000 | $ 97,125 | $ 60,000 |
| Burlington-South Burlington, VT | 7 | $ 1,665,000 | $ 237,857 | $ 356,000 |
| Gainesville, FL | 6 | $ 553,000 | $ 92,166 | $ 66,000 |
| Wilmington, DE-MD-NJ | 6 | $ 859,000 | $ 143,166 | $ 162,000 |
| Columbia, MO | 4 | $ 302,000 | $ 75,500 | $ 118,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 548,000 | $ 137,000 | $ 143,000 |
| Harrisonburg, VA | 4 | $ 362,000 | $ 90,500 | $ 168,000 |
| Sebastian-Vero Beach, FL | 4 | $ 446,000 | $ 111,500 | $ 74,000 |
| Roanoke, VA | 3 | $ 389,000 | $ 129,666 | $ 0 |
| Salisbury, MD | 3 | $ 200,000 | $ 66,666 | $ 25,000 |
| Cumberland, MD-WV | 2 | $ 86,000 | $ 43,000 | $ 34,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 130,000 | $ 65,000 | $ 35,000 |
| Jefferson City, MO | 2 | $ 240,000 | $ 120,000 | $ 120,000 |
| Lynchburg, VA | 2 | $ 107,000 | $ 53,500 | $ 32,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 85,000 | $ 42,500 | $ 42,000 |
| Tallahassee, FL | 2 | $ 165,000 | $ 82,500 | $ 88,000 |
| Topeka, KS | 2 | $ 120,000 | $ 60,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for Nation One Mortgage Company in 2006
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 | 4,293 | $586,447,000 | $136,000 | $1,000,000 | $91,000 | $960,000 |
| Refinancing | 1,033 | $172,672,000 | $167,000 | $1,475,000 | $88,000 | $1,980,000 |
| 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 | 2,274 | $314,464,000 | $138,000 | $1,475,000 | $99,000 | $1,980,000 |
| Black or African American | 1,312 | $181,630,000 | $138,000 | $907,000 | $86,000 | $686,000 |
| Hispanic | 1,278 | $191,554,000 | $149,000 | $1,000,000 | $76,000 | $960,000 |
| Not Provided | 282 | $40,739,000 | $144,000 | $1,330,000 | $87,000 | $1,512,000 |
| Asian | 145 | $24,740,000 | $170,000 | $1,295,000 | $116,000 | $510,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $3,539,000 | $186,000 | $650,000 | $100,000 | $266,000 |
| American Indian or Alaskan Native | 16 | $2,453,000 | $153,000 | $560,000 | $41,000 | $92,000 |
| 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) | 5,326 | $759,119,000 | $142,000 | $1,475,000 | $90,000 | $1,980,000 |
| 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 | 1,788 | $244,265,000 | $136,000 | $907,000 | $84,000 | $540,000 |
| Application Approved But Not Accepted | 1,270 | $177,861,000 | $140,000 | $1,330,000 | $98,000 | $1,980,000 |
| Application Denied By Financial Institution | 1,257 | $187,876,000 | $149,000 | $1,475,000 | $86,000 | $960,000 |
| Application Withdrawn By Applicant | 1,011 | $149,117,000 | $147,000 | $1,000,000 | $97,000 | $1,512,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 491 | $73,401,000 | $149,000 | $1,295,000 | $88,000 | $610,000 |
| Credit History | 419 | $59,729,000 | $142,000 | $680,000 | $82,000 | $960,000 |
| Collateral | 133 | $22,261,000 | $167,000 | $1,475,000 | $87,000 | $510,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 78 | $12,287,000 | $157,000 | $784,000 | $85,000 | $357,000 |
| Debt-To-Income Ratio | 65 | $8,553,000 | $131,000 | $460,000 | $85,000 | $210,000 |
| Unverifiable Information | 35 | $6,546,000 | $187,000 | $574,000 | $135,000 | $543,000 |
| Employment History | 30 | $4,114,000 | $137,000 | $862,000 | $47,000 | $324,000 |
| Credit Application Incomplete | 6 | $985,000 | $164,000 | $326,000 | $76,000 | $138,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nation One Mortgage Company's 2006 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 Nation One Mortgage Company'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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