Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2009
In 2009, Everett Co-Operative Bank of Everett, MA reported 217 mortgage applications totaling $60.1 million, up 85% from 2008. The average application was for $276,857, and applicants reported an average income of $114,737. 85% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (115), Peabody, MA (51) and Boston-Quincy, MA (34) (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 | 217 |
| Total Mortgage Loan Application Amount | $60,078,000 |
| Average Mortgage Loan Application Amount | $276,857 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $114,737 |
| Highest Applicant Income | $1,830,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 115 | $ 28,188,000 | $ 245,113 | $ 95,000 |
| Peabody, MA | 51 | $ 15,268,000 | $ 299,372 | $ 132,000 |
| Boston-Quincy, MA | 34 | $ 12,256,000 | $ 360,470 | $ 141,000 |
| Barnstable Town, MA | 4 | $ 1,643,000 | $ 410,750 | $ 127,000 |
| Manchester-Nashua, NH | 3 | $ 466,000 | $ 155,333 | $ 152,000 |
| Portland-South Portland-Biddeford, ME | 3 | $ 530,000 | $ 176,666 | $ 129,000 |
| Rockingham County-Strafford County, NH | 2 | $ 156,000 | $ 78,000 | $ 28,000 |
| Pittsfield, MA | 1 | $ 417,000 | $ 417,000 | $ 295,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 235,000 | $ 235,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2009
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 | 144 | $40,569,000 | $281,000 | $2,700,000 | $122,000 | $1,830,000 |
| Home Purchase | 59 | $16,242,000 | $275,000 | $1,375,000 | $96,000 | $317,000 |
| Home Improvement | 14 | $3,267,000 | $233,000 | $975,000 | $119,000 | $325,000 |
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 | 188 | $52,681,000 | $280,000 | $2,700,000 | $126,000 | $1,830,000 |
| Not applicable | 11 | $2,972,000 | $270,000 | $664,000 | $0 | $0 |
| Asian | 8 | $1,947,000 | $243,000 | $482,000 | $68,000 | $234,000 |
| Black or African American | 5 | $1,414,000 | $282,000 | $400,000 | $97,000 | $154,000 |
| Hispanic | 5 | $1,064,000 | $212,000 | $350,000 | $51,000 | $71,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 217 | $60,078,000 | $276,000 | $2,700,000 | $115,000 | $1,830,000 |
| 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 | 184 | $49,799,000 | $270,000 | $2,700,000 | $114,000 | $1,830,000 |
| Application Denied By Financial Institution | 17 | $6,121,000 | $360,000 | $1,250,000 | $119,000 | $411,000 |
| Application Approved But Not Accepted | 10 | $2,256,000 | $225,000 | $417,000 | $130,000 | $274,000 |
| Application Withdrawn By Applicant | 6 | $1,902,000 | $317,000 | $422,000 | $107,000 | $188,000 |
| 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 | 6 | $3,380,000 | $563,000 | $1,250,000 | $103,000 | $301,000 |
| Collateral | 4 | $692,000 | $173,000 | $300,000 | $168,000 | $411,000 |
| Credit History | 3 | $631,000 | $210,000 | $341,000 | $99,000 | $167,000 |
| Credit Application Incomplete | 2 | $747,000 | $373,000 | $417,000 | $117,000 | $131,000 |
| Mortgage Insurance Denied | 1 | $246,000 | $246,000 | $246,000 | $77,000 | $77,000 |
| Other | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Co-Operative Bank's 2009 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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