Wainwright Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, Wainwright Bank & Trust of Boston, MA reported 114 mortgage applications totaling $35.9 million. The average application was for $315,307, and applicants reported an average income of $208,780. 57% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Boston-Quincy, MA (63), Cambridge-Newton-Framingham, MA (38) and Barnstable Town, MA (4) (applications in parentheses).
| Mortgage Company & Address | Wainwright Bank & Trust 195 Market Street Boston, MA 01901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $35,945,000 |
| Average Mortgage Loan Application Amount | $315,307 |
| Highest Mortgage Loan Application Amount | $1,650,000 |
| Average Applicant Income | $208,780 |
| Highest Applicant Income | $3,690,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wainwright Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 in 2011
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 | 68 | $21,771,000 | $320,000 | $1,650,000 | $229,000 | $3,690,000 |
| Home Purchase | 41 | $13,646,000 | $332,000 | $1,250,000 | $189,000 | $548,000 |
| Home Improvement | 5 | $528,000 | $105,000 | $300,000 | $96,000 | $119,000 |
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 | 88 | $30,107,000 | $342,000 | $1,650,000 | $198,000 | $2,297,000 |
| Not Provided | 15 | $3,313,000 | $220,000 | $450,000 | $132,000 | $325,000 |
| Asian | 4 | $615,000 | $153,000 | $277,000 | $65,000 | $81,000 |
| Black or African American | 4 | $1,532,000 | $383,000 | $1,000,000 | $980,000 | $3,690,000 |
| Hispanic | 3 | $378,000 | $126,000 | $200,000 | $87,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 114 | $35,945,000 | $315,000 | $1,650,000 | $209,000 | $3,690,000 |
| 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 | 65 | $21,166,000 | $325,000 | $1,650,000 | $199,000 | $2,297,000 |
| Application Denied By Financial Institution | 16 | $4,372,000 | $273,000 | $1,206,000 | $121,000 | $435,000 |
| File Closed For Incompleteness | 14 | $5,202,000 | $371,000 | $1,000,000 | $443,000 | $3,690,000 |
| Application Approved But Not Accepted | 12 | $2,911,000 | $242,000 | $398,000 | $159,000 | $525,000 |
| Application Withdrawn By Applicant | 4 | $1,528,000 | $382,000 | $600,000 | $152,000 | $242,000 |
| Preapproval Denied by Financial Institution | 3 | $766,000 | $255,000 | $405,000 | $70,000 | $111,000 |
| 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's 2011 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'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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