New England Bank Mortgage Lending & HMDA Data, 2012
In 2012, New England Bank of West Springfield, MA reported 277 mortgage applications totaling $44.9 million. The average application was for $162,256, and applicants reported an average income of $93,725. 66% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (227), New Haven-Milford, CT (19) and Norwich-New London, CT (7) (applications in parentheses).
| Mortgage Company & Address | New England Bank 95 Elm Street West Springfield, MA 01089 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 |
| Total Number of Mortgage Applications | 277 |
| Total Mortgage Loan Application Amount | $44,945,000 |
| Average Mortgage Loan Application Amount | $162,256 |
| Highest Mortgage Loan Application Amount | $1,004,000 |
| Average Applicant Income | $93,725 |
| Highest Applicant Income | $614,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New England Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hartford-West Hartford-East Hartford, CT | 227 | $ 37,529,000 | $ 165,325 | $ 91,000 |
| New Haven-Milford, CT | 19 | $ 2,913,000 | $ 153,315 | $ 115,000 |
| Norwich-New London, CT | 7 | $ 590,000 | $ 84,285 | $ 59,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 516,000 | $ 258,000 | $ 138,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 460,000 | $ 230,000 | $ 208,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 86,000 | $ 43,000 | $ 68,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 79,000 | $ 39,500 | $ 46,000 |
| Boston-Quincy, MA | 1 | $ 68,000 | $ 68,000 | $ 69,000 |
| Kingston, NY | 1 | $ 59,000 | $ 59,000 | $ 46,000 |
| Manchester-Nashua, NH | 1 | $ 61,000 | $ 61,000 | $ 46,000 |
| Naples-Marco Island, FL | 1 | $ 250,000 | $ 250,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for New England Bank 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 | 187 | $33,645,000 | $179,000 | $1,004,000 | $99,000 | $580,000 |
| Home Purchase | 57 | $8,595,000 | $150,000 | $564,000 | $89,000 | $614,000 |
| Home Improvement | 33 | $2,705,000 | $81,000 | $294,000 | $72,000 | $206,000 |
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 | 232 | $36,312,000 | $156,000 | $1,004,000 | $97,000 | $614,000 |
| Not Provided | 20 | $3,969,000 | $198,000 | $424,000 | $140,000 | $434,000 |
| Not applicable | 15 | $3,928,000 | $261,000 | $560,000 | $7,000 | $110,000 |
| Asian | 4 | $371,000 | $92,000 | $176,000 | $88,000 | $142,000 |
| Hispanic | 4 | $319,000 | $79,000 | $194,000 | $47,000 | $73,000 |
| Black or African American | 2 | $46,000 | $23,000 | $30,000 | $53,000 | $67,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 277 | $44,945,000 | $162,000 | $1,004,000 | $94,000 | $614,000 |
| 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 | 183 | $31,232,000 | $170,000 | $1,004,000 | $99,000 | $614,000 |
| Application Denied By Financial Institution | 42 | $7,283,000 | $173,000 | $424,000 | $88,000 | $277,000 |
| Application Withdrawn By Applicant | 21 | $3,415,000 | $162,000 | $417,000 | $80,000 | $213,000 |
| Loan Purchased By The Institution | 14 | $599,000 | $42,000 | $72,000 | $52,000 | $79,000 |
| File Closed For Incompleteness | 9 | $1,614,000 | $179,000 | $400,000 | $103,000 | $213,000 |
| Application Approved But Not Accepted | 8 | $802,000 | $100,000 | $160,000 | $117,000 | $434,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 11 | $2,134,000 | $194,000 | $424,000 | $102,000 | $200,000 |
| Collateral | 11 | $2,227,000 | $202,000 | $350,000 | $105,000 | $277,000 |
| Debt-To-Income Ratio | 10 | $1,228,000 | $122,000 | $300,000 | $41,000 | $70,000 |
| Credit Application Incomplete | 8 | $1,305,000 | $163,000 | $300,000 | $98,000 | $208,000 |
| Other | 1 | $172,000 | $172,000 | $172,000 | $0 | $0 |
| Unverifiable Information | 1 | $217,000 | $217,000 | $217,000 | $206,000 | $206,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 New England Bank'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 New England Bank'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About