Rollstone Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Rollstone Bank & Trust of Fitchburg, MA reported 108 mortgage applications totaling $28.5 million, down 29% from 2017. The average application was for $263,703, and applicants reported an average income of $127,833. 63% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Worcester, MA-CT (70), Cambridge-Newton-Framingham, MA (7) 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 | 108 |
| Total Mortgage Loan Application Amount | $28,480,000 |
| Average Mortgage Loan Application Amount | $263,703 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $127,833 |
| Highest Applicant Income | $1,202,000 |
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(HMDA) records Rollstone Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 70 | $ 18,810,000 | $ 268,714 | $ 132,000 |
| Cambridge-Newton-Framingham, MA | 7 | $ 1,615,000 | $ 230,714 | $ 127,000 |
| Outside any metro area | 3 | $ 925,000 | $ 308,333 | $ 71,000 |
| Barnstable Town, MA | 2 | $ 810,000 | $ 405,000 | $ 554,000 |
| Providence-Warwick, RI-MA | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Rollstone Bank & Trust in 2018
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 | 90 | $23,950,000 | $266,000 | $1,205,000 | $129,000 | $1,202,000 |
| Refinancing | 11 | $3,415,000 | $310,000 | $565,000 | $150,000 | $309,000 |
| Cash-out Refinancing | 7 | $1,115,000 | $159,000 | $285,000 | $78,000 | $144,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 97 | $25,385,000 | $261,000 | $1,205,000 | $129,000 | $1,202,000 |
| Not Provided | 5 | $1,935,000 | $387,000 | $565,000 | $152,000 | $185,000 |
| Not applicable | 2 | $480,000 | $240,000 | $305,000 | $0 | $0 |
| Black or African American | 2 | $410,000 | $205,000 | $245,000 | $77,000 | $84,000 |
| Hispanic | 2 | $270,000 | $135,000 | $195,000 | $43,000 | $66,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 108 | $28,480,000 | $263,000 | $1,205,000 | $128,000 | $1,202,000 |
| 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 | 68 | $18,430,000 | $271,000 | $1,205,000 | $132,000 | $799,000 |
| Preapproval Approved but not Accepted | 23 | $5,805,000 | $252,000 | $455,000 | $98,000 | $279,000 |
| Application Approved But Not Accepted | 5 | $1,475,000 | $295,000 | $605,000 | $314,000 | $1,202,000 |
| Application Denied By Financial Institution | 5 | $1,265,000 | $253,000 | $405,000 | $85,000 | $141,000 |
| Preapproval Denied by Financial Institution | 4 | $810,000 | $202,000 | $355,000 | $63,000 | $125,000 |
| Application Withdrawn By Applicant | 3 | $695,000 | $231,000 | $305,000 | $102,000 | $185,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 99 | $26,405,000 | $266,000 | $1,205,000 | $132,000 | $1,202,000 |
| Debt-To-Income Ratio | 4 | $880,000 | $220,000 | $405,000 | $62,000 | $109,000 |
| Credit History | 3 | $535,000 | $178,000 | $355,000 | $55,000 | $92,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $125,000 | $125,000 |
| Other | 1 | $305,000 | $305,000 | $305,000 | $141,000 | $141,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rollstone Bank & Trust's 2018 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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