Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Rollstone Bank & Trust of Fitchburg, MA reported 549 mortgage applications totaling $119.9 million, up 99% from 2011. The average application was for $218,322, and applicants reported an average income of $107,537. 65% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Worcester, MA (380), Cambridge-Newton-Framingham, MA (87) and Manchester-Nashua, NH (14) (applications in parentheses).
| Mortgage Company & Address | Rollstone Bank & Trust Po Box 8208 Fitchburg, MA 01420 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 549 |
| Total Mortgage Loan Application Amount | $119,859,000 |
| Average Mortgage Loan Application Amount | $218,322 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $107,537 |
| Highest Applicant Income | $581,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, Massachusetts | 380 | $ 85,280,000 | $ 224,421 | $ 107,000 |
| Middlesex, Massachusetts | 87 | $ 18,240,000 | $ 209,655 | $ 108,000 |
| Hillsborough, New Hampshire | 14 | $ 2,348,000 | $ 167,714 | $ 80,000 |
| Essex, Massachusetts | 5 | $ 1,682,000 | $ 336,400 | $ 132,000 |
| Suffolk, Massachusetts | 4 | $ 958,000 | $ 239,500 | $ 90,000 |
| Barnstable, Massachusetts | 3 | $ 831,000 | $ 277,000 | $ 305,000 |
| Cheshire, New Hampshire | 3 | $ 378,000 | $ 126,000 | $ 61,000 |
| Franklin, Massachusetts | 2 | $ 182,000 | $ 91,000 | $ 52,000 |
| Hampden, Massachusetts | 2 | $ 294,000 | $ 147,000 | $ 154,000 |
| Norfolk, Massachusetts | 2 | $ 554,000 | $ 277,000 | $ 327,000 |
| York, Maine | 1 | $ 232,000 | $ 232,000 | $ 103,000 |
| Carroll, New Hampshire | 1 | $ 400,000 | $ 400,000 | $ 486,000 |
| Newport, Rhode Island | 1 | $ 480,000 | $ 480,000 | $ 0 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust 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 | 354 | $77,550,000 | $219,000 | $1,500,000 | $109,000 | $581,000 |
| Home Purchase | 188 | $41,521,000 | $220,000 | $3,000,000 | $107,000 | $576,000 |
| Home Improvement | 7 | $788,000 | $112,000 | $384,000 | $48,000 | $236,000 |
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 | 492 | $101,118,000 | $205,000 | $3,000,000 | $112,000 | $581,000 |
| Not applicable | 17 | $10,793,000 | $634,000 | $1,500,000 | $9,000 | $153,000 |
| Not Provided | 13 | $2,905,000 | $223,000 | $401,000 | $111,000 | $206,000 |
| Asian | 10 | $1,966,000 | $196,000 | $347,000 | $78,000 | $168,000 |
| Hispanic | 9 | $1,520,000 | $168,000 | $290,000 | $70,000 | $128,000 |
| Black or African American | 7 | $1,437,000 | $205,000 | $382,000 | $91,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $120,000 | $120,000 | $120,000 | $55,000 | $55,000 |
| 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) | 548 | $119,732,000 | $218,000 | $3,000,000 | $107,000 | $581,000 |
| FHA-insured (Federal Housing Administration) | 1 | $127,000 | $127,000 | $127,000 | $66,000 | $66,000 |
| 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 | 357 | $76,777,000 | $215,000 | $1,500,000 | $110,000 | $557,000 |
| Application Denied By Financial Institution | 69 | $14,035,000 | $203,000 | $593,000 | $85,000 | $397,000 |
| Application Approved But Not Accepted | 59 | $16,371,000 | $277,000 | $3,000,000 | $130,000 | $581,000 |
| Preapproval Approved but not Accepted | 29 | $5,653,000 | $194,000 | $417,000 | $106,000 | $576,000 |
| Application Withdrawn By Applicant | 17 | $4,112,000 | $241,000 | $750,000 | $102,000 | $190,000 |
| Preapproval Denied by Financial Institution | 15 | $2,347,000 | $156,000 | $550,000 | $66,000 | $128,000 |
| File Closed For Incompleteness | 3 | $564,000 | $188,000 | $248,000 | $122,000 | $192,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $3,244,000 | $154,000 | $290,000 | $75,000 | $136,000 |
| Debt-To-Income Ratio | 21 | $4,614,000 | $219,000 | $593,000 | $58,000 | $154,000 |
| Collateral | 17 | $4,087,000 | $240,000 | $374,000 | $109,000 | $188,000 |
| Other | 15 | $2,615,000 | $174,000 | $292,000 | $108,000 | $397,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $674,000 | $134,000 | $209,000 | $52,000 | $76,000 |
| Employment History | 3 | $684,000 | $228,000 | $415,000 | $73,000 | $105,000 |
| Mortgage Insurance Denied | 1 | $356,000 | $356,000 | $356,000 | $90,000 | $90,000 |
| Unverifiable Information | 1 | $108,000 | $108,000 | $108,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust'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 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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