East Cambridge Savings Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016

East Cambridge Savings Bank 2016 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address East Cambridge Savings Bank
344 Cambridge St
Cambridge, MA 02141
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 810
Total Mortgage Loan Application Amount $321,611,000
Average Mortgage Loan Application Amount $409,666
Highest Mortgage Loan Application Amount $6,800,000
Average Applicant Income $130,666
Highest Applicant Income $1,669,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2016 with East Cambridge Savings Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing East Cambridge Savings Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2016 breaks down East Cambridge Savings Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how East Cambridge Savings Bank serves its applicants.

Each category highlights the total number of mortgage applications processed by East Cambridge Savings Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at East Cambridge Savings Bank's mortgage activity for 2016.

Mortgage Loan Application Totals for East Cambridge Savings Bank by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Middlesex County Massachusetts 538 $ 181,650,000 $ 337,000 $ 128,000
Suffolk County Massachusetts 147 $ 79,954,000 $ 543,000 $ 129,000
Essex County Massachusetts 68 $ 24,048,000 $ 353,000 $ 142,000
Norfolk County Massachusetts 37 $ 27,718,000 $ 749,000 $ 154,000
Plymouth County Massachusetts 12 $ 5,687,000 $ 473,000 $ 192,000
Rockingham County New Hampshire 2 $ 395,000 $ 197,000 $ 102,000
Barnstable County Massachusetts 1 $ 750,000 $ 750,000 $ 365,000

Mortgage Loan Application Detail Totals for East Cambridge Savings Bank in 2016

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 Improvement 310 $31,440,000 $101,000 $2,500,000 $130,000 $612,000
Home Purchase 301 $193,125,000 $641,000 $6,800,000 $135,000 $1,669,000
Refinancing 199 $97,046,000 $487,000 $3,600,000 $127,000 $563,000

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 513 $161,010,000 $313,000 $4,960,000 $149,000 $1,669,000
Hispanic 85 $22,840,000 $268,000 $750,000 $112,000 $586,000
Not applicable 70 $97,292,000 $1,389,000 $6,800,000 $0 $0
Not Provided 66 $22,474,000 $340,000 $1,553,000 $176,000 $482,000
Asian 42 $8,397,000 $199,000 $570,000 $138,000 $475,000
Black or African American 30 $9,479,000 $315,000 $625,000 $90,000 $196,000
American Indian or Alaskan Native 3 $33,000 $11,000 $19,000 $127,000 $169,000
Native Hawaiin or Other Pacific Islander 1 $86,000 $86,000 $86,000 $28,000 $28,000

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) 810 $321,611,000 $397,000 $6,800,000 $131,000 $1,669,000
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 558 $224,523,000 $402,000 $6,800,000 $138,000 $1,669,000
Loan Purchased By The Institution 84 $42,274,000 $503,000 $639,000 $172,000 $400,000
Application Denied By Financial Institution 84 $14,596,000 $173,000 $1,020,000 $85,000 $309,000
Application Withdrawn By Applicant 52 $21,459,000 $412,000 $1,460,000 $100,000 $356,000
Application Approved But Not Accepted 14 $12,734,000 $909,000 $4,960,000 $60,000 $222,000
File Closed For Incompleteness 13 $4,616,000 $355,000 $2,500,000 $113,000 $362,000
Preapproval Denied by Financial Institution 5 $1,409,000 $281,000 $475,000 $55,000 $75,000
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 East Cambridge Savings Bank's 2016 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 East Cambridge Savings Bank'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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