Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2011
In 2011, Everett Co-Operative Bank of Everett, MA reported 114 mortgage applications totaling $34.5 million, down 22% from 2010. The average application was for $302,491, and applicants reported an average income of $81,421. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (55), Boston-Quincy, MA (28) and Peabody, MA (22) (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 | 114 |
| Total Mortgage Loan Application Amount | $34,484,000 |
| Average Mortgage Loan Application Amount | $302,491 |
| Highest Mortgage Loan Application Amount | $4,004,000 |
| Average Applicant Income | $81,421 |
| Highest Applicant Income | $378,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 55 | $ 18,526,000 | $ 336,836 | $ 82,000 |
| Boston-Quincy, MA | 28 | $ 7,254,000 | $ 259,071 | $ 63,000 |
| Peabody, MA | 22 | $ 6,621,000 | $ 300,954 | $ 82,000 |
| Barnstable Town, MA | 3 | $ 975,000 | $ 325,000 | $ 164,000 |
| Portland-South Portland-Biddeford, ME | 2 | $ 248,000 | $ 124,000 | $ 135,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 130,000 | $ 130,000 | $ 94,000 |
| Manchester-Nashua, NH | 1 | $ 217,000 | $ 217,000 | $ 202,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2011
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 | 57 | $18,861,000 | $330,000 | $4,004,000 | $62,000 | $280,000 |
| Home Purchase | 50 | $15,071,000 | $301,000 | $1,260,000 | $106,000 | $378,000 |
| Home Improvement | 7 | $552,000 | $78,000 | $270,000 | $64,000 | $113,000 |
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 | 83 | $24,565,000 | $295,000 | $4,004,000 | $99,000 | $378,000 |
| Not applicable | 20 | $7,404,000 | $370,000 | $1,260,000 | $22,000 | $217,000 |
| Asian | 7 | $1,865,000 | $266,000 | $480,000 | $54,000 | $98,000 |
| Hispanic | 2 | $252,000 | $126,000 | $175,000 | $55,000 | $79,000 |
| Black or African American | 1 | $238,000 | $238,000 | $238,000 | $50,000 | $50,000 |
| American Indian or Alaskan Native | 1 | $160,000 | $160,000 | $160,000 | $54,000 | $54,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 114 | $34,484,000 | $302,000 | $4,004,000 | $81,000 | $378,000 |
| 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 | 95 | $29,741,000 | $313,000 | $4,004,000 | $80,000 | $378,000 |
| Application Approved But Not Accepted | 9 | $2,522,000 | $280,000 | $520,000 | $88,000 | $203,000 |
| Application Withdrawn By Applicant | 6 | $1,592,000 | $265,000 | $526,000 | $91,000 | $148,000 |
| Application Denied By Financial Institution | 4 | $629,000 | $157,000 | $220,000 | $89,000 | $155,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $409,000 | $136,000 | $161,000 | $90,000 | $155,000 |
| Debt-To-Income Ratio | 1 | $220,000 | $220,000 | $220,000 | $87,000 | $87,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Co-Operative Bank's 2011 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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