Wainwright Bank & Trust Compan Mortgage Lending & HMDA Data, 2004
In 2004, Wainwright Bank & Trust Compan of Boston, MA reported 423 mortgage applications totaling $98.7 million, down 40% from 2003. The average application was for $233,392, and applicants reported an average income of $121,248. 73% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Boston-Quincy, MA (193), Cambridge-Newton-Framingham, MA (121) and Essex County, MA (24) (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 | 423 |
| Total Mortgage Loan Application Amount | $98,725,000 |
| Average Mortgage Loan Application Amount | $233,392 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $121,248 |
| Highest Applicant Income | $5,687,000 |
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records Wainwright Bank & Trust Compan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston-Quincy, MA | 193 | $ 44,597,000 | $ 231,072 | $ 97,000 |
| Cambridge-Newton-Framingham, MA | 121 | $ 24,000,000 | $ 198,347 | $ 87,000 |
| Essex County, MA | 24 | $ 4,697,000 | $ 195,708 | $ 108,000 |
| Worcester, MA | 8 | $ 1,953,000 | $ 244,125 | $ 69,000 |
| Barnstable Town, MA | 4 | $ 577,000 | $ 144,250 | $ 283,000 |
| Manchester-Nashua, NH | 4 | $ 2,451,000 | $ 612,750 | $ 3,260,000 |
| Charleston-North Charleston, SC | 1 | $ 635,000 | $ 635,000 | $ 319,000 |
| Mobile, AL | 1 | $ 140,000 | $ 140,000 | $ 5,687,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 192,000 | $ 192,000 | $ 57,000 |
| Rockingham County-Strafford County, NH | 1 | $ 254,000 | $ 254,000 | $ 133,000 |
| Springfield, MA | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Wainwright Bank & Trust Compan in 2004
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 | 224 | $55,777,000 | $326,000 | $4,000,000 | $556,600 | $2,316,000 |
| Home Purchase | 164 | $42,244,000 | $290,000 | $2,000,000 | $1,702,000 | $5,687,000 |
| Home Improvement | 35 | $704,000 | $20,000 | $50,000 | $64,000 | $162,000 |
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 | 241 | $56,821,000 | $335,142 | $4,000,000 | $1,354,428 | $5,687,000 |
| Not Provided | 67 | $12,085,000 | $223,000 | $716,000 | $84,333 | $673,000 |
| Black or African American | 43 | $3,609,000 | $131,000 | $380,000 | $67,500 | $168,000 |
| Hispanic | 25 | $5,722,000 | $244,500 | $518,000 | $74,000 | $382,000 |
| Asian | 25 | $4,131,000 | $170,500 | $537,000 | $64,000 | $270,000 |
| Not applicable | 20 | $15,934,000 | $796,000 | $2,900,000 | $36,000 | $145,000 |
| American Indian or Alaskan Native | 2 | $423,000 | $211,000 | $323,000 | $106,000 | $108,000 |
| 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) | 423 | $98,725,000 | $330,428 | $4,000,000 | $1,327,714 | $5,687,000 |
| 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 | 307 | $73,580,000 | $389,000 | $4,000,000 | $712,200 | $3,260,000 |
| Preapproval Approved but not Accepted | 33 | $8,154,000 | $247,000 | $440,000 | $71,000 | $157,000 |
| Application Denied By Financial Institution | 25 | $4,819,000 | $192,000 | $578,000 | $67,000 | $382,000 |
| Application Withdrawn By Applicant | 23 | $4,950,000 | $214,500 | $775,000 | $45,500 | $233,000 |
| Application Approved But Not Accepted | 17 | $3,451,000 | $173,000 | $950,000 | $2,900,000 | $5,687,000 |
| Preapproval Denied by Financial Institution | 15 | $2,951,000 | $196,000 | $380,000 | $51,000 | $168,000 |
| File Closed For Incompleteness | 3 | $820,000 | $255,000 | $320,000 | $55,500 | $107,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2004 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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