Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Rollstone Bank & Trust of Fitchburg, MA reported 231 mortgage applications totaling $50.9 million, up 18% from 2015. The average application was for $220,164, and applicants reported an average income of $105,662. 69% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Worcester, MA-CT (180), Cambridge-Newton-Framingham, MA (20) and Manchester-Nashua, NH (6) (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 | 231 |
| Total Mortgage Loan Application Amount | $50,858,000 |
| Average Mortgage Loan Application Amount | $220,164 |
| Highest Mortgage Loan Application Amount | $714,000 |
| Average Applicant Income | $105,662 |
| Highest Applicant Income | $1,056,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, MA-CT | 180 | $ 38,937,000 | $ 216,316 | $ 97,000 |
| Cambridge-Newton-Framingham, MA | 20 | $ 5,556,000 | $ 277,800 | $ 123,000 |
| Manchester-Nashua, NH | 6 | $ 1,369,000 | $ 228,166 | $ 134,000 |
| Barnstable Town, MA | 4 | $ 1,181,000 | $ 295,250 | $ 326,000 |
| Boston, MA | 1 | $ 480,000 | $ 480,000 | $ 1,056,000 |
| Portland-South Portland, ME | 1 | $ 300,000 | $ 300,000 | $ 116,000 |
| Rockingham County-Strafford County, NH | 1 | $ 192,000 | $ 192,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2016
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 | 142 | $32,192,000 | $226,000 | $700,000 | $109,000 | $1,056,000 |
| Refinancing | 84 | $17,712,000 | $210,000 | $714,000 | $105,000 | $586,000 |
| Home Improvement | 5 | $954,000 | $190,000 | $273,000 | $22,000 | $114,000 |
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 | 180 | $39,894,000 | $221,000 | $714,000 | $120,000 | $1,056,000 |
| Not applicable | 20 | $4,932,000 | $246,000 | $700,000 | $0 | $0 |
| Not Provided | 13 | $2,715,000 | $208,000 | $513,000 | $108,000 | $232,000 |
| Hispanic | 8 | $1,357,000 | $169,000 | $300,000 | $74,000 | $125,000 |
| Asian | 5 | $946,000 | $189,000 | $357,000 | $65,000 | $143,000 |
| Black or African American | 3 | $691,000 | $230,000 | $301,000 | $53,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $207,000 | $207,000 | $207,000 | $149,000 | $149,000 |
| American Indian or Alaskan Native | 1 | $116,000 | $116,000 | $116,000 | $175,000 | $175,000 |
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) | 231 | $50,858,000 | $220,000 | $714,000 | $106,000 | $1,056,000 |
| 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 | 159 | $37,163,000 | $233,000 | $714,000 | $116,000 | $1,056,000 |
| Application Withdrawn By Applicant | 27 | $5,322,000 | $197,000 | $513,000 | $99,000 | $232,000 |
| Application Denied By Financial Institution | 24 | $4,083,000 | $170,000 | $393,000 | $70,000 | $209,000 |
| Preapproval Denied by Financial Institution | 11 | $1,947,000 | $177,000 | $300,000 | $62,000 | $102,000 |
| File Closed For Incompleteness | 6 | $1,655,000 | $275,000 | $480,000 | $121,000 | $247,000 |
| Application Approved But Not Accepted | 3 | $591,000 | $197,000 | $327,000 | $93,000 | $147,000 |
| Preapproval Approved but not Accepted | 1 | $97,000 | $97,000 | $97,000 | $31,000 | $31,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 12 | $1,880,000 | $156,000 | $225,000 | $41,000 | $102,000 |
| Credit History | 11 | $1,527,000 | $138,000 | $300,000 | $68,000 | $175,000 |
| Collateral | 8 | $1,890,000 | $236,000 | $393,000 | $116,000 | $209,000 |
| Other | 3 | $619,000 | $206,000 | $265,000 | $61,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $114,000 | $114,000 | $114,000 | $33,000 | $33,000 |
| 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 2016 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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