Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Rollstone Bank & Trust of Fitchburg, MA reported 445 mortgage applications totaling $99.3 million, down 19% from 2012. The average application was for $223,107, and applicants reported an average income of $124,071. 68% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Worcester, MA (318), Cambridge-Newton-Framingham, MA (81) and Barnstable Town, MA (10) (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 | 445 |
| Total Mortgage Loan Application Amount | $99,283,000 |
| Average Mortgage Loan Application Amount | $223,107 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $124,071 |
| Highest Applicant Income | $2,031,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 318 | $ 65,969,000 | $ 207,449 | $ 114,000 |
| Middlesex, Massachusetts | 81 | $ 19,920,000 | $ 245,925 | $ 145,000 |
| Barnstable, Massachusetts | 10 | $ 4,899,000 | $ 489,900 | $ 414,000 |
| Hillsborough, New Hampshire | 9 | $ 1,177,000 | $ 130,777 | $ 91,000 |
| Cheshire, New Hampshire | 3 | $ 453,000 | $ 151,000 | $ 51,000 |
| York, Maine | 2 | $ 265,000 | $ 132,500 | $ 113,000 |
| Bristol, Massachusetts | 2 | $ 2,376,000 | $ 1,188,000 | $ 187,000 |
| Norfolk, Massachusetts | 2 | $ 583,000 | $ 291,500 | $ 71,000 |
| Suffolk, Massachusetts | 2 | $ 563,000 | $ 281,500 | $ 70,000 |
| Essex, Massachusetts | 1 | $ 105,000 | $ 105,000 | $ 97,000 |
| Belknap, New Hampshire | 1 | $ 311,000 | $ 311,000 | $ 264,000 |
| Newport, Rhode Island | 1 | $ 264,000 | $ 264,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2013
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 | 256 | $56,913,000 | $222,000 | $2,400,000 | $127,000 | $1,071,000 |
| Home Purchase | 187 | $40,649,000 | $217,000 | $1,640,000 | $120,000 | $2,031,000 |
| Home Improvement | 2 | $1,721,000 | $860,000 | $1,600,000 | $130,000 | $260,000 |
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 | 400 | $86,873,000 | $217,000 | $1,715,000 | $132,000 | $2,031,000 |
| Not applicable | 16 | $7,440,000 | $465,000 | $2,400,000 | $0 | $0 |
| Hispanic | 12 | $1,875,000 | $156,000 | $346,000 | $60,000 | $136,000 |
| Not Provided | 8 | $1,759,000 | $219,000 | $440,000 | $122,000 | $187,000 |
| Black or African American | 5 | $712,000 | $142,000 | $261,000 | $83,000 | $140,000 |
| Asian | 3 | $461,000 | $153,000 | $223,000 | $62,000 | $122,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $163,000 | $163,000 | $163,000 | $69,000 | $69,000 |
| 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) | 445 | $99,283,000 | $223,000 | $2,400,000 | $124,000 | $2,031,000 |
| 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 | 302 | $69,832,000 | $231,000 | $2,400,000 | $132,000 | $2,031,000 |
| Application Denied By Financial Institution | 58 | $12,058,000 | $207,000 | $1,000,000 | $82,000 | $331,000 |
| Application Approved But Not Accepted | 45 | $9,988,000 | $221,000 | $1,080,000 | $149,000 | $2,011,000 |
| Application Withdrawn By Applicant | 16 | $2,939,000 | $183,000 | $400,000 | $97,000 | $258,000 |
| File Closed For Incompleteness | 16 | $3,090,000 | $193,000 | $382,000 | $113,000 | $327,000 |
| Preapproval Denied by Financial Institution | 8 | $1,376,000 | $172,000 | $400,000 | $53,000 | $99,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 25 | $4,616,000 | $184,000 | $1,000,000 | $26,000 | $69,000 |
| Credit History | 17 | $3,324,000 | $195,000 | $550,000 | $85,000 | $236,000 |
| Other | 12 | $2,394,000 | $199,000 | $450,000 | $136,000 | $331,000 |
| Collateral | 11 | $2,929,000 | $266,000 | $515,000 | $127,000 | $233,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $171,000 | $171,000 | $171,000 | $73,000 | $73,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust's 2013 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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