Wainwright Bank & Trust Compan Mortgage Lending & HMDA Data, 2005
In 2005, Wainwright Bank & Trust Compan of Boston, MA reported 389 mortgage applications totaling $104.5 million, down 8% from 2004. The average application was for $268,719, and applicants reported an average income of $160,915. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Boston-Quincy, MA (193), Cambridge-Newton-Framingham, MA (114) and Essex County, MA (14) (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 | 389 |
| Total Mortgage Loan Application Amount | $104,532,000 |
| Average Mortgage Loan Application Amount | $268,719 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $160,915 |
| Highest Applicant Income | $2,580,000 |
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records Wainwright Bank & Trust Compan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Wainwright Bank & Trust Compan in 2005
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 | 196 | $54,368,000 | $253,000 | $2,500,000 | $96,000 | $2,480,000 |
| Refinancing | 147 | $48,248,000 | $736,000 | $2,500,000 | $830,500 | $2,580,000 |
| Home Improvement | 46 | $1,916,000 | $41,000 | $475,000 | $77,000 | $158,000 |
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 | 254 | $76,764,000 | $410,333 | $2,500,000 | $348,333 | $2,580,000 |
| Not Provided | 51 | $8,549,000 | $203,000 | $644,000 | $96,000 | $350,000 |
| Black or African American | 31 | $4,233,000 | $184,500 | $513,000 | $70,500 | $166,000 |
| Hispanic | 22 | $2,459,000 | $111,000 | $307,000 | $64,000 | $117,000 |
| Asian | 20 | $5,876,000 | $283,500 | $1,500,000 | $151,000 | $770,000 |
| Not applicable | 10 | $6,542,000 | $654,000 | $1,868,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $109,000 | $109,000 | $109,000 | $55,000 | $55,000 |
| 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) | 389 | $104,532,000 | $401,333 | $2,500,000 | $332,333 | $2,580,000 |
| 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 | 296 | $81,546,000 | $479,500 | $2,500,000 | $466,500 | $2,580,000 |
| Application Denied By Financial Institution | 34 | $8,599,000 | $255,500 | $2,500,000 | $68,000 | $423,000 |
| Preapproval Approved but not Accepted | 21 | $5,560,000 | $264,000 | $458,000 | $85,000 | $252,000 |
| Application Withdrawn By Applicant | 13 | $3,769,000 | $288,500 | $513,000 | $105,500 | $196,000 |
| Preapproval Denied by Financial Institution | 12 | $2,394,000 | $199,000 | $392,000 | $70,000 | $152,000 |
| Application Approved But Not Accepted | 12 | $2,509,000 | $179,500 | $644,000 | $186,500 | $355,000 |
| File Closed For Incompleteness | 1 | $155,000 | $155,000 | $155,000 | $73,000 | $73,000 |
| 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 2005 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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