Wainwright Bank & Trust Compan Mortgage Lending & HMDA Data, 2006
In 2006, Wainwright Bank & Trust Compan of Boston, MA reported 325 mortgage applications totaling $65.5 million, down 16% from 2005. The average application was for $201,532, and applicants reported an average income of $99,932. 63% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (118), Boston-Quincy, MA (109) and Essex County, MA (15) (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 | 325 |
| Total Mortgage Loan Application Amount | $65,498,000 |
| Average Mortgage Loan Application Amount | $201,532 |
| Highest Mortgage Loan Application Amount | $5,775,000 |
| Average Applicant Income | $99,932 |
| Highest Applicant Income | $1,192,000 |
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records Wainwright Bank & Trust Compan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 118 | $ 14,598,000 | $ 123,711 | $ 86,000 |
| Boston-Quincy, MA | 109 | $ 25,182,000 | $ 231,027 | $ 110,000 |
| Essex County, MA | 15 | $ 5,389,000 | $ 359,266 | $ 175,000 |
| Barnstable Town, MA | 7 | $ 3,690,000 | $ 527,142 | $ 283,000 |
| Providence-New Bedford-Fall River, RI-MA | 4 | $ 151,000 | $ 37,750 | $ 47,000 |
| Worcester, MA | 4 | $ 311,000 | $ 77,750 | $ 39,000 |
| Manchester-Nashua, NH | 1 | $ 100,000 | $ 100,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Wainwright Bank & Trust Compan in 2006
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 | 156 | $33,788,000 | $216,000 | $2,225,000 | $83,000 | $635,000 |
| Refinancing | 142 | $29,748,000 | $209,000 | $5,775,000 | $117,000 | $1,192,000 |
| Home Improvement | 27 | $1,962,000 | $72,000 | $850,000 | $108,000 | $408,000 |
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 | 236 | $45,926,000 | $194,000 | $2,225,000 | $112,000 | $1,192,000 |
| Not Provided | 27 | $4,133,000 | $153,000 | $600,000 | $91,000 | $193,000 |
| Asian | 27 | $3,545,000 | $131,000 | $525,000 | $70,000 | $205,000 |
| Hispanic | 16 | $2,481,000 | $155,000 | $365,000 | $63,000 | $150,000 |
| Black or African American | 12 | $750,000 | $62,000 | $176,000 | $54,000 | $106,000 |
| Not applicable | 4 | $8,309,000 | $2,077,000 | $5,775,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $354,000 | $118,000 | $176,000 | $56,000 | $84,000 |
| 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) | 325 | $65,498,000 | $201,000 | $5,775,000 | $100,000 | $1,192,000 |
| 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 | 206 | $41,174,000 | $199,000 | $5,775,000 | $109,000 | $1,192,000 |
| Preapproval Approved but not Accepted | 47 | $11,440,000 | $243,000 | $600,000 | $81,000 | $193,000 |
| Application Denied By Financial Institution | 35 | $4,651,000 | $132,000 | $580,000 | $94,000 | $425,000 |
| Preapproval Denied by Financial Institution | 17 | $3,758,000 | $221,000 | $525,000 | $59,000 | $92,000 |
| Application Approved But Not Accepted | 10 | $2,113,000 | $211,000 | $444,000 | $83,000 | $168,000 |
| Application Withdrawn By Applicant | 9 | $1,562,000 | $173,000 | $900,000 | $106,000 | $176,000 |
| File Closed For Incompleteness | 1 | $800,000 | $800,000 | $800,000 | $295,000 | $295,000 |
| 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 2006 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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