Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2004
In 2004, Everett Co-Operative Bank of Everett, MA reported 211 mortgage applications totaling $49.4 million, down 29% from 2003. The average application was for $234,009, and applicants reported an average income of $74,393. 89% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (128), Essex County, MA (41) and Boston-Quincy, MA (37) (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 | 211 |
| Total Mortgage Loan Application Amount | $49,376,000 |
| Average Mortgage Loan Application Amount | $234,009 |
| Highest Mortgage Loan Application Amount | $942,000 |
| Average Applicant Income | $74,393 |
| Highest Applicant Income | $592,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2004
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 | 93 | $22,142,000 | $238,000 | $942,000 | $71,000 | $592,000 |
| Home Purchase | 64 | $20,906,000 | $303,500 | $850,000 | $77,000 | $451,000 |
| Home Improvement | 54 | $6,328,000 | $117,000 | $550,000 | $75,000 | $301,000 |
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 | $43,301,000 | $253,500 | $942,000 | $82,500 | $592,000 |
| Asian | 7 | $1,811,000 | $258,000 | $480,000 | $44,000 | $128,000 |
| Not applicable | 6 | $3,088,000 | $514,000 | $735,000 | $23,000 | $208,000 |
| Black or African American | 4 | $441,000 | $110,000 | $259,000 | $46,000 | $71,000 |
| Hispanic | 4 | $580,000 | $145,000 | $450,000 | $59,000 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $120,000 | $120,000 | $120,000 | $77,000 | $77,000 |
| American Indian or Alaskan Native | 1 | $35,000 | $35,000 | $35,000 | $64,000 | $64,000 |
| Not Provided | 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) | 211 | $49,376,000 | $255,500 | $942,000 | $74,500 | $592,000 |
| 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 | 188 | $44,006,000 | $255,500 | $942,000 | $74,500 | $592,000 |
| Application Withdrawn By Applicant | 9 | $2,338,000 | $259,000 | $550,000 | $89,000 | $301,000 |
| Application Approved But Not Accepted | 7 | $1,581,000 | $225,000 | $460,000 | $92,000 | $156,000 |
| Application Denied By Financial Institution | 5 | $1,116,000 | $223,000 | $450,000 | $44,000 | $70,000 |
| File Closed For Incompleteness | 2 | $335,000 | $167,000 | $175,000 | $60,000 | $71,000 |
| 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 | 3 | $785,000 | $261,000 | $450,000 | $54,000 | $70,000 |
| Credit History | 2 | $331,000 | $165,000 | $166,000 | $29,000 | $59,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2004 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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