Wainwright Bank & Trust Compan Mortgage Lending & HMDA Data, 2008
In 2008, Wainwright Bank & Trust Compan of Boston, MA reported 554 mortgage applications totaling $212.5 million, up 29% from 2007. The average application was for $383,572, and applicants reported an average income of $191,350. 61% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Boston-Quincy, MA (217), Cambridge-Newton-Framingham, MA (199) and Peabody, MA (33) (applications in parentheses).
| Mortgage Company & Address | Wainwright Bank & Trust Compan 63 Franklin St. Boston, MA 02110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 554 |
| Total Mortgage Loan Application Amount | $212,499,000 |
| Average Mortgage Loan Application Amount | $383,572 |
| Highest Mortgage Loan Application Amount | $4,825,000 |
| Average Applicant Income | $191,350 |
| Highest Applicant Income | $2,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wainwright Bank & Trust Compan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 199 | $ 63,232,000 | $ 317,748 | $ 151,000 |
| Suffolk, Massachusetts | 122 | $ 52,405,000 | $ 429,549 | $ 218,000 |
| Norfolk, Massachusetts | 77 | $ 35,746,000 | $ 464,233 | $ 230,000 |
| Essex, Massachusetts | 33 | $ 13,521,000 | $ 409,727 | $ 216,000 |
| Worcester, Massachusetts | 26 | $ 7,061,000 | $ 271,576 | $ 131,000 |
| Barnstable, Massachusetts | 19 | $ 10,883,000 | $ 572,789 | $ 384,000 |
| Plymouth, Massachusetts | 18 | $ 6,715,000 | $ 373,055 | $ 172,000 |
| Carroll, New Hampshire | 4 | $ 2,060,000 | $ 515,000 | $ 276,000 |
| Rockingham, New Hampshire | 4 | $ 2,079,000 | $ 519,750 | $ 279,000 |
| Bristol, Massachusetts | 3 | $ 349,000 | $ 116,333 | $ 133,000 |
| Hampden, Massachusetts | 3 | $ 204,000 | $ 68,000 | $ 24,000 |
| York, Maine | 2 | $ 790,000 | $ 395,000 | $ 120,000 |
| Berkshire, Massachusetts | 2 | $ 1,072,000 | $ 536,000 | $ 423,000 |
| Dukes, Massachusetts | 2 | $ 1,975,000 | $ 987,500 | $ 475,000 |
| Hampshire, Massachusetts | 2 | $ 121,000 | $ 60,500 | $ 45,000 |
| Grafton, New Hampshire | 2 | $ 243,000 | $ 121,500 | $ 43,000 |
| Hillsborough, New Hampshire | 2 | $ 551,000 | $ 275,500 | $ 115,000 |
| Bristol, Rhode Island | 2 | $ 1,004,000 | $ 502,000 | $ 380,000 |
| Providence, Rhode Island | 2 | $ 550,000 | $ 275,000 | $ 137,000 |
| Nantucket, Massachusetts | 1 | $ 2,495,000 | $ 2,495,000 | $ 1,540,000 |
| Belknap, New Hampshire | 1 | $ 664,000 | $ 664,000 | $ 457,000 |
| Strafford, New Hampshire | 1 | $ 300,000 | $ 300,000 | $ 145,000 |
| Newport, Rhode Island | 1 | $ 1,500,000 | $ 1,500,000 | $ 0 |
Mortgage Loan Application Detail Totals for Wainwright Bank & Trust Compan in 2008
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 | 270 | $111,563,000 | $413,000 | $2,314,000 | $195,000 | $2,000,000 |
| Refinancing | 238 | $94,758,000 | $398,000 | $4,825,000 | $201,000 | $1,540,000 |
| Home Improvement | 46 | $6,178,000 | $134,000 | $1,400,000 | $120,000 | $351,000 |
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 | 375 | $151,802,000 | $404,000 | $2,500,000 | $209,000 | $2,000,000 |
| Not Provided | 118 | $35,756,000 | $303,000 | $1,500,000 | $158,000 | $809,000 |
| Asian | 24 | $8,378,000 | $349,000 | $1,180,000 | $170,000 | $443,000 |
| Hispanic | 16 | $6,351,000 | $396,000 | $2,495,000 | $220,000 | $1,540,000 |
| Black or African American | 13 | $2,470,000 | $190,000 | $380,000 | $65,000 | $126,000 |
| American Indian or Alaskan Native | 3 | $900,000 | $300,000 | $385,000 | $116,000 | $208,000 |
| Not applicable | 3 | $6,643,000 | $2,214,000 | $4,825,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 2 | $199,000 | $99,000 | $159,000 | $54,000 | $55,000 |
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) | 554 | $212,499,000 | $383,000 | $4,825,000 | $191,000 | $2,000,000 |
| 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 | 338 | $131,595,000 | $389,000 | $4,825,000 | $196,000 | $1,433,000 |
| Application Denied By Financial Institution | 91 | $31,435,000 | $345,000 | $2,495,000 | $163,000 | $1,540,000 |
| Application Withdrawn By Applicant | 42 | $21,194,000 | $504,000 | $2,500,000 | $287,000 | $2,000,000 |
| Application Approved But Not Accepted | 37 | $14,730,000 | $398,000 | $1,500,000 | $194,000 | $916,000 |
| Preapproval Denied by Financial Institution | 26 | $6,979,000 | $268,000 | $960,000 | $90,000 | $523,000 |
| File Closed For Incompleteness | 20 | $6,566,000 | $328,000 | $1,500,000 | $166,000 | $987,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wainwright Bank & Trust Compan's 2008 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 Wainwright Bank & Trust Compan'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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