Wainwright Bank & Trust Compan Mortgage Lending & HMDA Data, 2009
In 2009, Wainwright Bank & Trust Compan of Boston, MA reported 811 mortgage applications totaling $252.6 million, up 46% from 2008. The average application was for $311,463, and applicants reported an average income of $170,778. 57% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Boston-Quincy, MA (410), Cambridge-Newton-Framingham, MA (289) and Worcester, MA (26) (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 | 811 |
| Total Mortgage Loan Application Amount | $252,597,000 |
| Average Mortgage Loan Application Amount | $311,463 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $170,778 |
| Highest Applicant Income | $2,769,000 |
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records Wainwright Bank & Trust Compan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Suffolk, Massachusetts | 296 | $ 93,004,000 | $ 314,202 | $ 160,000 |
| Middlesex, Massachusetts | 289 | $ 83,030,000 | $ 287,301 | $ 167,000 |
| Norfolk, Massachusetts | 96 | $ 34,740,000 | $ 361,875 | $ 184,000 |
| Worcester, Massachusetts | 26 | $ 8,185,000 | $ 314,807 | $ 115,000 |
| Essex, Massachusetts | 25 | $ 10,447,000 | $ 417,880 | $ 329,000 |
| Plymouth, Massachusetts | 18 | $ 3,812,000 | $ 211,777 | $ 130,000 |
| Barnstable, Massachusetts | 9 | $ 3,482,000 | $ 386,888 | $ 447,000 |
| Bristol, Massachusetts | 5 | $ 889,000 | $ 177,800 | $ 159,000 |
| Rockingham, New Hampshire | 2 | $ 610,000 | $ 305,000 | $ 126,000 |
| York, Maine | 1 | $ 643,000 | $ 643,000 | $ 161,000 |
| Dukes, Massachusetts | 1 | $ 400,000 | $ 400,000 | $ 533,000 |
| Hampden, Massachusetts | 1 | $ 64,000 | $ 64,000 | $ 19,000 |
| Hampshire, Massachusetts | 1 | $ 129,000 | $ 129,000 | $ 80,000 |
| Hillsborough, New Hampshire | 1 | $ 2,750,000 | $ 2,750,000 | $ 1,468,000 |
| Providence, Rhode Island | 1 | $ 190,000 | $ 190,000 | $ 134,000 |
| Washington, Rhode Island | 1 | $ 479,000 | $ 479,000 | $ 225,000 |
| Charleston, South Carolina | 1 | $ 300,000 | $ 300,000 | $ 315,000 |
Mortgage Loan Application Detail Totals for Wainwright Bank & Trust Compan in 2009
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 | 383 | $121,716,000 | $317,000 | $1,900,000 | $165,000 | $2,769,000 |
| Refinancing | 382 | $122,538,000 | $320,000 | $3,000,000 | $181,000 | $2,400,000 |
| Home Improvement | 46 | $8,343,000 | $181,000 | $1,500,000 | $134,000 | $388,000 |
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 | 597 | $191,648,000 | $321,000 | $2,750,000 | $179,000 | $2,400,000 |
| Not Provided | 99 | $25,164,000 | $254,000 | $1,900,000 | $157,000 | $1,796,000 |
| Asian | 54 | $14,297,000 | $264,000 | $1,206,000 | $151,000 | $634,000 |
| Black or African American | 23 | $4,614,000 | $200,000 | $1,068,000 | $194,000 | $2,769,000 |
| Hispanic | 22 | $4,597,000 | $208,000 | $416,000 | $84,000 | $300,000 |
| Not applicable | 11 | $10,441,000 | $949,000 | $3,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $1,242,000 | $310,000 | $554,000 | $201,000 | $304,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $594,000 | $594,000 | $594,000 | $250,000 | $250,000 |
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) | 811 | $252,597,000 | $311,000 | $3,000,000 | $170,000 | $2,769,000 |
| 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 | 466 | $150,946,000 | $323,000 | $2,750,000 | $186,000 | $2,769,000 |
| Application Denied By Financial Institution | 119 | $35,358,000 | $297,000 | $1,250,000 | $138,000 | $1,029,000 |
| Application Withdrawn By Applicant | 67 | $23,772,000 | $354,000 | $3,000,000 | $172,000 | $966,000 |
| File Closed For Incompleteness | 65 | $16,842,000 | $259,000 | $900,000 | $169,000 | $1,200,000 |
| Application Approved But Not Accepted | 57 | $16,236,000 | $284,000 | $1,750,000 | $162,000 | $1,181,000 |
| Preapproval Denied by Financial Institution | 37 | $9,443,000 | $255,000 | $960,000 | $89,000 | $300,000 |
| 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 2009 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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