Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Rollstone Bank & Trust of Fitchburg, MA reported 263 mortgage applications totaling $56.8 million, down 41% from 2013. The average application was for $215,885, and applicants reported an average income of $108,072. 73% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Worcester, MA-CT (180), Cambridge-Newton-Framingham, MA (48) and Manchester-Nashua, NH (5) (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 | 263 |
| Total Mortgage Loan Application Amount | $56,778,000 |
| Average Mortgage Loan Application Amount | $215,885 |
| Highest Mortgage Loan Application Amount | $936,000 |
| Average Applicant Income | $108,072 |
| Highest Applicant Income | $883,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 179 | $ 37,804,000 | $ 211,195 | $ 100,000 |
| Middlesex, Massachusetts | 48 | $ 11,530,000 | $ 240,208 | $ 111,000 |
| Hillsborough, New Hampshire | 5 | $ 1,011,000 | $ 202,200 | $ 109,000 |
| Barnstable, Massachusetts | 3 | $ 1,213,000 | $ 404,333 | $ 520,000 |
| Hampden, Massachusetts | 2 | $ 574,000 | $ 287,000 | $ 161,000 |
| Plymouth, Massachusetts | 2 | $ 410,000 | $ 205,000 | $ 99,000 |
| Cheshire, New Hampshire | 2 | $ 252,000 | $ 126,000 | $ 62,000 |
| Hartford, Connecticut | 1 | $ 178,000 | $ 178,000 | $ 94,000 |
| Windham, Connecticut | 1 | $ 165,000 | $ 165,000 | $ 85,000 |
| Collier, Florida | 1 | $ 365,000 | $ 365,000 | $ 780,000 |
| Lee, Florida | 1 | $ 300,000 | $ 300,000 | $ 325,000 |
| York, Maine | 1 | $ 118,000 | $ 118,000 | $ 67,000 |
| Merrimack, New Hampshire | 1 | $ 189,000 | $ 189,000 | $ 89,000 |
| Rockingham, New Hampshire | 1 | $ 177,000 | $ 177,000 | $ 127,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust 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 | 182 | $38,599,000 | $212,000 | $880,000 | $110,000 | $883,000 |
| Refinancing | 78 | $17,417,000 | $223,000 | $936,000 | $106,000 | $785,000 |
| Home Improvement | 3 | $762,000 | $254,000 | $509,000 | $45,000 | $87,000 |
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 | 238 | $49,742,000 | $209,000 | $892,000 | $113,000 | $883,000 |
| Not Provided | 12 | $2,763,000 | $230,000 | $880,000 | $91,000 | $271,000 |
| Not applicable | 7 | $3,078,000 | $439,000 | $936,000 | $0 | $0 |
| Hispanic | 3 | $457,000 | $152,000 | $172,000 | $57,000 | $77,000 |
| Black or African American | 2 | $349,000 | $174,000 | $262,000 | $90,000 | $114,000 |
| Asian | 1 | $389,000 | $389,000 | $389,000 | $190,000 | $190,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 263 | $56,778,000 | $215,000 | $936,000 | $108,000 | $883,000 |
| 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 | 191 | $42,905,000 | $224,000 | $936,000 | $116,000 | $883,000 |
| Application Denied By Financial Institution | 29 | $5,714,000 | $197,000 | $880,000 | $87,000 | $271,000 |
| Application Withdrawn By Applicant | 19 | $4,396,000 | $231,000 | $575,000 | $95,000 | $183,000 |
| Preapproval Denied by Financial Institution | 11 | $1,872,000 | $170,000 | $285,000 | $61,000 | $104,000 |
| File Closed For Incompleteness | 7 | $1,179,000 | $168,000 | $460,000 | $93,000 | $174,000 |
| Application Approved But Not Accepted | 6 | $712,000 | $118,000 | $180,000 | $92,000 | $192,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $4,286,000 | $204,000 | $880,000 | $83,000 | $271,000 |
| Other | 7 | $1,212,000 | $173,000 | $400,000 | $85,000 | $195,000 |
| Debt-To-Income Ratio | 6 | $920,000 | $153,000 | $285,000 | $52,000 | $104,000 |
| Collateral | 3 | $626,000 | $208,000 | $290,000 | $100,000 | $161,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $368,000 | $184,000 | $258,000 | $102,000 | $139,000 |
| Mortgage Insurance Denied | 1 | $174,000 | $174,000 | $174,000 | $58,000 | $58,000 |
| 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 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 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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