Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2019
In 2019, Everett Co-Operative Bank of Everett, MA reported 125 mortgage applications totaling $82.8 million, down 17% from 2018. The average application was for $662,680, and applicants reported an average income of $148,376. 82% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (102), Boston, MA (17) and Manchester-Nashua, NH (2) (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 | 125 |
| Total Mortgage Loan Application Amount | $82,835,000 |
| Average Mortgage Loan Application Amount | $662,680 |
| Highest Mortgage Loan Application Amount | $6,655,000 |
| Average Applicant Income | $148,376 |
| Highest Applicant Income | $543,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 102 | $ 66,260,000 | $ 649,607 | $ 132,000 |
| Boston, MA | 17 | $ 14,885,000 | $ 875,588 | $ 220,000 |
| Manchester-Nashua, NH | 2 | $ 510,000 | $ 255,000 | $ 72,000 |
| Providence-Warwick, RI-MA | 2 | $ 480,000 | $ 240,000 | $ 425,000 |
| Outside any metro area | 1 | $ 345,000 | $ 345,000 | $ 202,000 |
| Rockingham County-Strafford County, NH | 1 | $ 355,000 | $ 355,000 | $ 0 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2019
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 | 55 | $38,235,000 | $695,000 | $2,475,000 | $166,000 | $543,000 |
| Refinancing | 28 | $28,850,000 | $1,030,000 | $6,655,000 | $136,000 | $335,000 |
| Cash-out Refinancing | 25 | $9,415,000 | $376,000 | $745,000 | $134,000 | $343,000 |
| Home Improvement | 9 | $4,945,000 | $549,000 | $2,105,000 | $163,000 | $197,000 |
| Other Purpose | 8 | $1,390,000 | $173,000 | $375,000 | $99,000 | $211,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 73 | $32,965,000 | $451,000 | $2,105,000 | $139,000 | $425,000 |
| Not applicable | 34 | $41,960,000 | $1,234,000 | $6,655,000 | $0 | $0 |
| Hispanic | 10 | $4,280,000 | $428,000 | $605,000 | $158,000 | $379,000 |
| Not Provided | 5 | $2,645,000 | $529,000 | $1,315,000 | $233,000 | $543,000 |
| Asian | 2 | $910,000 | $455,000 | $475,000 | $69,000 | $82,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $104,000 | $104,000 |
| 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) | 125 | $82,835,000 | $662,000 | $6,655,000 | $144,000 | $543,000 |
| 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 | 103 | $73,805,000 | $716,000 | $6,655,000 | $145,000 | $425,000 |
| Application Withdrawn By Applicant | 15 | $5,885,000 | $392,000 | $665,000 | $158,000 | $543,000 |
| Application Approved But Not Accepted | 5 | $1,985,000 | $397,000 | $1,315,000 | $128,000 | $265,000 |
| Application Denied By Financial Institution | 1 | $1,005,000 | $1,005,000 | $1,005,000 | $68,000 | $68,000 |
| File Closed For Incompleteness | 1 | $155,000 | $155,000 | $155,000 | $55,000 | $55,000 |
| 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 | 125 | $82,835,000 | $662,000 | $6,655,000 | $144,000 | $543,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 2019 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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