Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2006
In 2006, Everett Co-Operative Bank of Everett, MA reported 111 mortgage applications totaling $34.6 million, down 14% from 2005. The average application was for $311,729, and applicants reported an average income of $81,090. 84% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (69), Boston-Quincy, MA (21) and Essex County, MA (17) (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 | 111 |
| Total Mortgage Loan Application Amount | $34,602,000 |
| Average Mortgage Loan Application Amount | $311,729 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $81,090 |
| Highest Applicant Income | $255,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 69 | $ 20,005,000 | $ 289,927 | $ 82,000 |
| Suffolk, Massachusetts | 18 | $ 4,671,000 | $ 259,500 | $ 73,000 |
| Essex, Massachusetts | 17 | $ 6,299,000 | $ 370,529 | $ 79,000 |
| Norfolk, Massachusetts | 3 | $ 1,897,000 | $ 632,333 | $ 120,000 |
| York, Maine | 1 | $ 300,000 | $ 300,000 | $ 229,000 |
| Barnstable, Massachusetts | 1 | $ 470,000 | $ 470,000 | $ 0 |
| Hampden, Massachusetts | 1 | $ 210,000 | $ 210,000 | $ 71,000 |
| Belknap, New Hampshire | 1 | $ 750,000 | $ 750,000 | $ 0 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2006
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 | 63 | $20,204,000 | $320,000 | $1,500,000 | $71,000 | $229,000 |
| Home Purchase | 32 | $12,520,000 | $391,000 | $1,043,000 | $86,000 | $255,000 |
| Home Improvement | 16 | $1,878,000 | $117,000 | $550,000 | $111,000 | $248,000 |
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 | 98 | $31,598,000 | $322,000 | $1,500,000 | $84,000 | $255,000 |
| Black or African American | 7 | $1,481,000 | $211,000 | $450,000 | $68,000 | $92,000 |
| Asian | 3 | $697,000 | $232,000 | $314,000 | $49,000 | $50,000 |
| Hispanic | 2 | $451,000 | $225,000 | $431,000 | $58,000 | $61,000 |
| Not applicable | 1 | $375,000 | $375,000 | $375,000 | $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 |
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) | 111 | $34,602,000 | $311,000 | $1,500,000 | $81,000 | $255,000 |
| 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 | 93 | $28,992,000 | $311,000 | $1,500,000 | $82,000 | $255,000 |
| Application Approved But Not Accepted | 7 | $2,231,000 | $318,000 | $520,000 | $94,000 | $170,000 |
| Application Withdrawn By Applicant | 6 | $1,338,000 | $223,000 | $340,000 | $50,000 | $71,000 |
| Application Denied By Financial Institution | 5 | $2,041,000 | $408,000 | $790,000 | $73,000 | $157,000 |
| File Closed For Incompleteness | 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 | 3 | $939,000 | $313,000 | $450,000 | $50,000 | $75,000 |
| Collateral | 1 | $790,000 | $790,000 | $790,000 | $157,000 | $157,000 |
| Credit History | 1 | $312,000 | $312,000 | $312,000 | $61,000 | $61,000 |
| 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 |
| 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 Everett Co-Operative Bank's 2006 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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