Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2017
In 2017, Everett Co-Operative Bank of Everett, MA reported 170 mortgage applications totaling $87.7 million, down 10% from 2016. The average application was for $515,864, and applicants reported an average income of $125,411. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (128), Boston, MA (37) and Rockingham County-Strafford County, NH (3) (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 | 170 |
| Total Mortgage Loan Application Amount | $87,697,000 |
| Average Mortgage Loan Application Amount | $515,864 |
| Highest Mortgage Loan Application Amount | $5,500,000 |
| Average Applicant Income | $125,411 |
| Highest Applicant Income | $2,115,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 128 | $ 62,832,000 | $ 490,875 | $ 125,000 |
| Boston, MA | 37 | $ 22,767,000 | $ 615,324 | $ 125,000 |
| Rockingham County-Strafford County, NH | 3 | $ 1,283,000 | $ 427,666 | $ 119,000 |
| Barnstable Town, MA | 1 | $ 405,000 | $ 405,000 | $ 241,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2017
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 | 80 | $40,544,000 | $506,000 | $2,850,000 | $159,000 | $2,115,000 |
| Refinancing | 65 | $28,851,000 | $443,000 | $2,000,000 | $110,000 | $407,000 |
| Home Improvement | 25 | $18,302,000 | $732,000 | $5,500,000 | $58,000 | $184,000 |
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 | 112 | $40,088,000 | $357,000 | $1,720,000 | $165,000 | $2,115,000 |
| Not applicable | 40 | $38,875,000 | $971,000 | $5,500,000 | $4,000 | $188,000 |
| Not Provided | 7 | $5,187,000 | $741,000 | $1,586,000 | $177,000 | $407,000 |
| Asian | 7 | $2,277,000 | $325,000 | $546,000 | $151,000 | $385,000 |
| Hispanic | 3 | $876,000 | $292,000 | $356,000 | $115,000 | $185,000 |
| Black or African American | 1 | $394,000 | $394,000 | $394,000 | $56,000 | $56,000 |
| 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) | 170 | $87,697,000 | $515,000 | $5,500,000 | $126,000 | $2,115,000 |
| 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 | 144 | $76,667,000 | $532,000 | $5,500,000 | $125,000 | $2,115,000 |
| Application Withdrawn By Applicant | 11 | $3,544,000 | $322,000 | $460,000 | $123,000 | $273,000 |
| Application Denied By Financial Institution | 8 | $4,285,000 | $535,000 | $1,720,000 | $140,000 | $385,000 |
| Application Approved But Not Accepted | 7 | $3,201,000 | $457,000 | $1,586,000 | $130,000 | $407,000 |
| 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 | 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 2017 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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