Athol-Clinton Co-Operative Ba Mortgage Lending & HMDA Data, 2010
In 2010, Athol-Clinton Co-Operative Ba of Athol, MA reported 72 mortgage applications totaling $9.7 million, down 61% from 2009. The average application was for $134,402, and applicants reported an average income of $71,388. 57% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Worcester, MA (53), Springfield, MA (17) and Cambridge-Newton-Framingham, MA (1) (applications in parentheses).
| Mortgage Company & Address | Athol-Clinton Co-Operative Ba 251 Exchange Street Athol, MA 01331 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 | 72 |
| Total Mortgage Loan Application Amount | $9,677,000 |
| Average Mortgage Loan Application Amount | $134,402 |
| Highest Mortgage Loan Application Amount | $350,000 |
| Average Applicant Income | $71,388 |
| Highest Applicant Income | $206,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Athol-Clinton Co-Operative Ba filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Athol-Clinton Co-Operative Ba in 2010
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 | 47 | $7,066,000 | $150,000 | $350,000 | $78,000 | $206,000 |
| Home Purchase | 14 | $1,588,000 | $113,000 | $275,000 | $66,000 | $140,000 |
| Home Improvement | 11 | $1,023,000 | $93,000 | $301,000 | $50,000 | $130,000 |
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 | 58 | $7,410,000 | $127,000 | $275,000 | $72,000 | $206,000 |
| Not Provided | 13 | $2,250,000 | $173,000 | $350,000 | $74,000 | $141,000 |
| Asian | 1 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 72 | $9,677,000 | $134,000 | $350,000 | $71,000 | $206,000 |
| 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 | 41 | $5,353,000 | $130,000 | $350,000 | $80,000 | $169,000 |
| Application Denied By Financial Institution | 28 | $3,891,000 | $138,000 | $337,000 | $55,000 | $140,000 |
| Application Withdrawn By Applicant | 3 | $433,000 | $144,000 | $252,000 | $105,000 | $206,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 13 | $2,142,000 | $164,000 | $337,000 | $57,000 | $127,000 |
| Credit History | 9 | $778,000 | $86,000 | $168,000 | $41,000 | $79,000 |
| Collateral | 3 | $446,000 | $148,000 | $216,000 | $55,000 | $85,000 |
| Other | 2 | $250,000 | $125,000 | $233,000 | $64,000 | $112,000 |
| Mortgage Insurance Denied | 1 | $275,000 | $275,000 | $275,000 | $140,000 | $140,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Athol-Clinton Co-Operative Ba's 2010 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 Athol-Clinton Co-Operative Ba'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.
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