Milford National Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, Milford National Bank & Trust Co. of Milford, MA reported 2,027 mortgage applications totaling $152.6 million, up 865% from 2004. The average application was for $75,259, and applicants reported an average income of $46,337. 9% of its applications resulted in an originated loan and 87% were denied. Its largest markets were Worcester, MA (206), Rockingham County-Strafford County, NH (122) and Baltimore-Towson, MD (96) (applications in parentheses).
| Mortgage Company & Address | Milford National Bank & Trust Co. 300 East Main Street Milford, MA 01757 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,027 |
| Total Mortgage Loan Application Amount | $152,550,000 |
| Average Mortgage Loan Application Amount | $75,259 |
| Highest Mortgage Loan Application Amount | $1,293,000 |
| Average Applicant Income | $46,337 |
| Highest Applicant Income | $565,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Milford National Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Milford National Bank & Trust Co. in 2005
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 | 1,666 | $109,427,000 | $62,133 | $1,293,000 | $47,933 | $565,000 |
| Refinancing | 327 | $41,798,000 | $68,846 | $675,000 | $44,692 | $403,000 |
| Home Improvement | 34 | $1,325,000 | $27,400 | $168,000 | $34,000 | $116,000 |
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 | 1,712 | $119,130,000 | $61,266 | $900,000 | $49,400 | $565,000 |
| Not Provided | 101 | $14,138,000 | $80,583 | $1,293,000 | $42,500 | $191,000 |
| Hispanic | 93 | $6,284,000 | $58,100 | $375,000 | $40,900 | $214,000 |
| Black or African American | 69 | $3,954,000 | $59,000 | $304,000 | $45,800 | $132,000 |
| Asian | 29 | $7,479,000 | $113,833 | $550,000 | $56,333 | $155,000 |
| American Indian or Alaskan Native | 14 | $561,000 | $43,714 | $68,000 | $38,857 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $509,000 | $68,571 | $300,000 | $51,142 | $107,000 |
| Not applicable | 1 | $495,000 | $495,000 | $495,000 | $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) | 2,027 | $152,550,000 | $62,066 | $1,293,000 | $47,066 | $565,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,762 | $90,627,000 | $53,133 | $572,000 | $44,000 | $565,000 |
| Loan Originated | 187 | $40,800,000 | $108,800 | $900,000 | $78,000 | $513,000 |
| Loan Purchased By The Institution | 56 | $15,332,000 | $179,666 | $1,293,000 | $14,000 | $190,000 |
| Application Withdrawn By Applicant | 15 | $4,619,000 | $307,000 | $655,000 | $87,000 | $240,000 |
| Application Approved But Not Accepted | 4 | $181,000 | $39,500 | $59,000 | $33,000 | $46,000 |
| File Closed For Incompleteness | 3 | $991,000 | $266,500 | $480,000 | $89,500 | $132,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,139 | $53,247,000 | $49,133 | $572,000 | $41,733 | $403,000 |
| Debt-To-Income Ratio | 562 | $31,964,000 | $56,600 | $228,000 | $41,200 | $162,000 |
| Other | 28 | $3,382,000 | $98,625 | $360,000 | $54,875 | $190,000 |
| Collateral | 17 | $1,363,000 | $70,285 | $320,000 | $78,000 | $565,000 |
| Employment History | 14 | $637,000 | $49,666 | $86,000 | $41,555 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $14,000 | $14,000 | $14,000 | $48,000 | $48,000 |
| Unverifiable Information | 1 | $20,000 | $20,000 | $20,000 | $25,000 | $25,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Milford National Bank & Trust Co.'s 2005 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 Milford National Bank & Trust Co.'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About