Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2015
In 2015, Everett Co-Operative Bank of Everett, MA reported 193 mortgage applications totaling $79.8 million, up 3% from 2014. The average application was for $413,378, and applicants reported an average income of $104,917. 83% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (138), Boston, MA (39) and Barnstable Town, MA (6) (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 | 193 |
| Total Mortgage Loan Application Amount | $79,782,000 |
| Average Mortgage Loan Application Amount | $413,378 |
| Highest Mortgage Loan Application Amount | $5,300,000 |
| Average Applicant Income | $104,917 |
| Highest Applicant Income | $831,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 138 | $ 56,791,000 | $ 411,528 | $ 95,000 |
| Boston, MA | 39 | $ 18,190,000 | $ 466,410 | $ 117,000 |
| Barnstable Town, MA | 6 | $ 1,747,000 | $ 291,166 | $ 204,000 |
| Rockingham County-Strafford County, NH | 3 | $ 772,000 | $ 257,333 | $ 141,000 |
| Manchester-Nashua, NH | 2 | $ 407,000 | $ 203,500 | $ 101,000 |
| Portland-South Portland, ME | 2 | $ 501,000 | $ 250,500 | $ 117,000 |
| Providence-Warwick, RI-MA | 2 | $ 664,000 | $ 332,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2015
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 90 | $37,241,000 | $413,000 | $1,696,000 | $117,000 | $831,000 |
| Refinancing | 65 | $21,348,000 | $328,000 | $1,400,000 | $101,000 | $689,000 |
| Home Improvement | 38 | $21,193,000 | $557,000 | $5,300,000 | $83,000 | $259,000 |
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 | 131 | $47,426,000 | $362,000 | $1,400,000 | $130,000 | $831,000 |
| Not applicable | 38 | $24,342,000 | $640,000 | $5,300,000 | $0 | $0 |
| Asian | 8 | $2,262,000 | $282,000 | $638,000 | $119,000 | $285,000 |
| Hispanic | 7 | $2,218,000 | $316,000 | $518,000 | $92,000 | $227,000 |
| Not Provided | 5 | $2,798,000 | $559,000 | $1,385,000 | $127,000 | $205,000 |
| Black or African American | 4 | $736,000 | $184,000 | $300,000 | $242,000 | $689,000 |
| 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) | 193 | $79,782,000 | $413,000 | $5,300,000 | $105,000 | $831,000 |
| 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 | 160 | $68,755,000 | $429,000 | $5,300,000 | $96,000 | $831,000 |
| Application Withdrawn By Applicant | 17 | $5,028,000 | $295,000 | $710,000 | $148,000 | $313,000 |
| Application Approved But Not Accepted | 9 | $3,591,000 | $399,000 | $825,000 | $179,000 | $621,000 |
| Loan Purchased By The Institution | 4 | $1,456,000 | $364,000 | $523,000 | $107,000 | $220,000 |
| Application Denied By Financial Institution | 3 | $952,000 | $317,000 | $530,000 | $101,000 | $170,000 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 2015 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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