Avon Co-Operative Bank Mortgage Lending & HMDA Data, 2010
In 2010, Avon Co-Operative Bank of Avon, MA reported 81 mortgage applications totaling $17.1 million, down 10% from 2009. The average application was for $211,679, and applicants reported an average income of $94,296. 49% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Boston-Quincy, MA (49), Providence-New Bedford-Fall River, RI-MA (8) and Cambridge-Newton-Framingham, MA (3) (applications in parentheses).
| Mortgage Company & Address | Avon Co-Operative Bank 1 East Main Street Avon, MA 02322 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 81 |
| Total Mortgage Loan Application Amount | $17,146,000 |
| Average Mortgage Loan Application Amount | $211,679 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $94,296 |
| Highest Applicant Income | $435,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Avon Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Boston-Quincy, MA | 49 | $ 9,377,000 | $ 191,367 | $ 91,000 |
| Providence-New Bedford-Fall River, RI-MA | 8 | $ 1,682,000 | $ 210,250 | $ 83,000 |
| Cambridge-Newton-Framingham, MA | 3 | $ 1,491,000 | $ 497,000 | $ 162,000 |
| Barnstable Town, MA | 2 | $ 975,000 | $ 487,500 | $ 374,000 |
| Peabody, MA | 2 | $ 708,000 | $ 354,000 | $ 198,000 |
| Worcester, MA | 1 | $ 130,000 | $ 130,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Avon Co-Operative Bank 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 | 40 | $8,958,000 | $223,000 | $451,000 | $108,000 | $435,000 |
| Home Purchase | 32 | $7,155,000 | $223,000 | $865,000 | $84,000 | $313,000 |
| Home Improvement | 9 | $1,033,000 | $114,000 | $185,000 | $70,000 | $163,000 |
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 | 69 | $15,037,000 | $217,000 | $865,000 | $104,000 | $435,000 |
| Black or African American | 5 | $750,000 | $150,000 | $225,000 | $47,000 | $74,000 |
| Hispanic | 5 | $974,000 | $194,000 | $288,000 | $42,000 | $66,000 |
| Not applicable | 2 | $385,000 | $192,000 | $225,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 81 | $17,146,000 | $211,000 | $865,000 | $94,000 | $435,000 |
| 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 | 40 | $8,580,000 | $214,000 | $865,000 | $102,000 | $296,000 |
| Application Denied By Financial Institution | 12 | $2,050,000 | $170,000 | $307,000 | $56,000 | $115,000 |
| Preapproval Approved but not Accepted | 9 | $1,496,000 | $166,000 | $240,000 | $60,000 | $109,000 |
| Preapproval Denied by Financial Institution | 6 | $1,062,000 | $177,000 | $290,000 | $44,000 | $67,000 |
| Loan Purchased By The Institution | 5 | $1,851,000 | $370,000 | $524,000 | $261,000 | $435,000 |
| Application Withdrawn By Applicant | 4 | $800,000 | $200,000 | $357,000 | $96,000 | $222,000 |
| Application Approved But Not Accepted | 4 | $1,029,000 | $257,000 | $305,000 | $88,000 | $120,000 |
| File Closed For Incompleteness | 1 | $278,000 | $278,000 | $278,000 | $41,000 | $41,000 |
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 | 7 | $1,241,000 | $177,000 | $290,000 | $39,000 | $79,000 |
| Collateral | 4 | $689,000 | $172,000 | $307,000 | $96,000 | $115,000 |
| Credit History | 3 | $505,000 | $168,000 | $225,000 | $37,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $339,000 | $169,000 | $200,000 | $48,000 | $62,000 |
| Other | 2 | $338,000 | $169,000 | $188,000 | $38,000 | $40,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Avon Co-Operative Bank'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 Avon Co-Operative 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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