Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2003
In 2003, Everett Co-Operative Bank of Everett, MA reported 298 mortgage applications totaling $68.3 million. The average application was for $229,352, and applicants reported an average income of $84,775. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Boston, MA-NH (270), Lowell, MA-NH (13) and Lawrence, MA-NH (11) (applications in parentheses).
| Mortgage Company & Address | Everett Co-Operative Bank 419 Broadway Everett, MA 02149 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 298 |
| Total Mortgage Loan Application Amount | $68,347,000 |
| Average Mortgage Loan Application Amount | $229,352 |
| Highest Mortgage Loan Application Amount | $3,281,000 |
| Average Applicant Income | $84,775 |
| Highest Applicant Income | $400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex, Massachusetts | 186 | $ 41,710,000 | $ 224,247 | $ 51,000 |
| Suffolk, Massachusetts | 52 | $ 12,226,000 | $ 235,115 | $ 63,000 |
| Essex, Massachusetts | 44 | $ 10,426,000 | $ 236,954 | $ 123,000 |
| Norfolk, Massachusetts | 10 | $ 1,866,000 | $ 186,600 | $ 143,000 |
| Barnstable, Massachusetts | 2 | $ 1,069,000 | $ 534,500 | $ 253,000 |
| Plymouth, Massachusetts | 2 | $ 540,000 | $ 270,000 | $ 78,000 |
| Hillsborough, New Hampshire | 1 | $ 300,000 | $ 300,000 | $ 71,000 |
| Rockingham, New Hampshire | 1 | $ 210,000 | $ 210,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 239 | $45,093,000 | $188,000 | $800,000 | $87,000 | $400,000 |
| Home Purchase (one-to-four family) | 48 | $13,652,000 | $270,000 | $769,000 | $72,500 | $357,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 11 | $9,602,000 | $872,000 | $3,281,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 275 | $62,245,000 | $240,500 | $3,281,000 | $71,000 | $400,000 |
| Black | 6 | $1,196,000 | $199,000 | $265,000 | $113,000 | $249,000 |
| Hispanic | 5 | $1,022,000 | $204,000 | $300,000 | $50,000 | $81,000 |
| Not applicable | 5 | $2,832,000 | $566,000 | $922,000 | $21,000 | $65,000 |
| Asian or Pacific Islander | 4 | $625,000 | $156,000 | $260,000 | $20,000 | $50,000 |
| Other | 2 | $177,000 | $88,000 | $107,000 | $59,000 | $68,000 |
| Information not provided by applicant in mail or telephone application | 1 | $250,000 | $250,000 | $250,000 | $99,000 | $99,000 |
| 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) | 298 | $68,347,000 | $242,000 | $3,281,000 | $66,000 | $400,000 |
| 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 | 261 | $60,528,000 | $231,000 | $3,281,000 | $92,000 | $400,000 |
| Application Withdrawn By Applicant | 17 | $3,592,000 | $230,000 | $800,000 | $59,000 | $247,000 |
| Application Denied By Financial Institution | 11 | $2,259,000 | $205,000 | $428,000 | $35,000 | $84,000 |
| Application Approved But Not Accepted | 8 | $1,838,000 | $229,000 | $400,000 | $141,000 | $186,000 |
| File Closed For Incompleteness | 1 | $130,000 | $130,000 | $130,000 | $69,000 | $69,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $711,000 | $177,000 | $210,000 | $29,000 | $63,000 |
| Debt-To-Income Ratio | 4 | $870,000 | $217,000 | $428,000 | $37,000 | $66,000 |
| Other | 2 | $413,000 | $206,000 | $218,000 | $0 | $0 |
| Collateral | 1 | $265,000 | $265,000 | $265,000 | $84,000 | $84,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Co-Operative Bank's 2003 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 Everett 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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