Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Rollstone Bank & Trust of Fitchburg, MA reported 195 mortgage applications totaling $45.8 million, down 26% from 2014. The average application was for $234,841, and applicants reported an average income of $105,994. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Worcester, MA-CT (136), Cambridge-Newton-Framingham, MA (32) and Barnstable Town, MA (2) (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 | 195 |
| Total Mortgage Loan Application Amount | $45,794,000 |
| Average Mortgage Loan Application Amount | $234,841 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $105,994 |
| Highest Applicant Income | $1,754,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 136 | $ 30,565,000 | $ 224,742 | $ 112,000 |
| Middlesex, Massachusetts | 30 | $ 8,705,000 | $ 290,166 | $ 79,000 |
| Cheshire, New Hampshire | 4 | $ 546,000 | $ 136,500 | $ 60,000 |
| Barnstable, Massachusetts | 2 | $ 515,000 | $ 257,500 | $ 105,000 |
| Essex, Massachusetts | 2 | $ 415,000 | $ 207,500 | $ 27,000 |
| Belknap, New Hampshire | 2 | $ 475,000 | $ 237,500 | $ 332,000 |
| Hillsborough, New Hampshire | 2 | $ 380,000 | $ 190,000 | $ 130,000 |
| Cumberland, Maine | 1 | $ 285,000 | $ 285,000 | $ 170,000 |
| Bristol, Massachusetts | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Norfolk, Massachusetts | 1 | $ 588,000 | $ 588,000 | $ 218,000 |
| Plymouth, Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 34,000 |
| Newport, Rhode Island | 1 | $ 244,000 | $ 244,000 | $ 179,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2015
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 | 115 | $27,682,000 | $240,000 | $1,250,000 | $116,000 | $1,754,000 |
| Refinancing | 69 | $15,035,000 | $217,000 | $1,900,000 | $100,000 | $271,000 |
| Home Improvement | 11 | $3,077,000 | $279,000 | $581,000 | $39,000 | $274,000 |
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 | 153 | $33,583,000 | $219,000 | $884,000 | $120,000 | $1,754,000 |
| Not applicable | 16 | $6,821,000 | $426,000 | $1,900,000 | $0 | $0 |
| Not Provided | 12 | $2,867,000 | $238,000 | $438,000 | $92,000 | $201,000 |
| Hispanic | 8 | $1,110,000 | $138,000 | $226,000 | $61,000 | $158,000 |
| Black or African American | 3 | $546,000 | $182,000 | $257,000 | $127,000 | $247,000 |
| Asian | 2 | $527,000 | $263,000 | $359,000 | $124,000 | $191,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $340,000 | $340,000 | $340,000 | $76,000 | $76,000 |
| 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) | 195 | $45,794,000 | $234,000 | $1,900,000 | $106,000 | $1,754,000 |
| 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 | 133 | $30,585,000 | $229,000 | $1,250,000 | $100,000 | $405,000 |
| Application Denied By Financial Institution | 22 | $4,213,000 | $191,000 | $390,000 | $73,000 | $171,000 |
| Application Withdrawn By Applicant | 16 | $4,776,000 | $298,000 | $1,900,000 | $99,000 | $260,000 |
| Application Approved But Not Accepted | 9 | $2,073,000 | $230,000 | $455,000 | $136,000 | $500,000 |
| Preapproval Denied by Financial Institution | 9 | $2,095,000 | $232,000 | $518,000 | $86,000 | $246,000 |
| File Closed For Incompleteness | 6 | $2,052,000 | $342,000 | $884,000 | $375,000 | $1,754,000 |
| 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 | 13 | $2,555,000 | $196,000 | $390,000 | $61,000 | $130,000 |
| Credit History | 5 | $987,000 | $197,000 | $332,000 | $77,000 | $130,000 |
| Collateral | 4 | $720,000 | $180,000 | $195,000 | $99,000 | $148,000 |
| Other | 4 | $829,000 | $207,000 | $356,000 | $97,000 | $171,000 |
| Employment History | 2 | $379,000 | $189,000 | $208,000 | $27,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $300,000 | $59,000 | $66,000 |
| Mortgage Insurance Denied | 1 | $518,000 | $518,000 | $518,000 | $246,000 | $246,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust's 2015 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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