Milford National Bank & Trust Co. Mortgage Lending & HMDA Data, 2010
In 2010, Milford National Bank & Trust Co. of Milford, MA reported 95 mortgage applications totaling $20.3 million, down 2% from 2009. The average application was for $213,442, and applicants reported an average income of $124,463. 69% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Worcester, MA (62), Boston-Quincy, MA (22) and Cambridge-Newton-Framingham, MA (5) (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 | 95 |
| Total Mortgage Loan Application Amount | $20,277,000 |
| Average Mortgage Loan Application Amount | $213,442 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $124,463 |
| Highest Applicant Income | $1,574,000 |
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Milford National Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 75 | $16,340,000 | $217,000 | $670,000 | $133,000 | $1,574,000 |
| Home Purchase | 11 | $2,960,000 | $269,000 | $1,000,000 | $83,000 | $227,000 |
| Home Improvement | 9 | $977,000 | $108,000 | $280,000 | $104,000 | $157,000 |
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 | 79 | $15,994,000 | $202,000 | $670,000 | $129,000 | $1,574,000 |
| Not Provided | 10 | $2,161,000 | $216,000 | $398,000 | $130,000 | $292,000 |
| Asian | 4 | $842,000 | $210,000 | $276,000 | $95,000 | $115,000 |
| Not applicable | 2 | $1,280,000 | $640,000 | $1,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 95 | $20,277,000 | $213,000 | $1,000,000 | $125,000 | $1,574,000 |
| 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 | 66 | $13,339,000 | $202,000 | $1,000,000 | $113,000 | $554,000 |
| Application Denied By Financial Institution | 15 | $3,456,000 | $230,000 | $670,000 | $183,000 | $1,574,000 |
| Application Withdrawn By Applicant | 12 | $3,146,000 | $262,000 | $360,000 | $125,000 | $283,000 |
| File Closed For Incompleteness | 2 | $336,000 | $168,000 | $176,000 | $66,000 | $81,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 5 | $1,175,000 | $235,000 | $303,000 | $104,000 | $170,000 |
| Debt-To-Income Ratio | 4 | $710,000 | $177,000 | $300,000 | $44,000 | $97,000 |
| Collateral | 3 | $1,060,000 | $353,000 | $670,000 | $617,000 | $1,574,000 |
| Other | 2 | $406,000 | $203,000 | $276,000 | $74,000 | $86,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $56,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Milford National Bank & Trust Co.'s 2010 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