Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2007
In 2007, Everett Co-Operative Bank of Everett, MA reported 122 mortgage applications totaling $33.2 million, up 10% from 2006. The average application was for $271,754, and applicants reported an average income of $83,778. 86% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (74), Boston-Quincy, MA (22) and Peabody, MA (21) (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 | 122 |
| Total Mortgage Loan Application Amount | $33,154,000 |
| Average Mortgage Loan Application Amount | $271,754 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $83,778 |
| Highest Applicant Income | $382,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 73 | $19,702,000 | $269,000 | $1,600,000 | $79,000 | $259,000 |
| Home Purchase | 37 | $12,675,000 | $342,000 | $1,084,000 | $98,000 | $382,000 |
| Home Improvement | 12 | $777,000 | $64,000 | $200,000 | $69,000 | $109,000 |
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 | 104 | $25,176,000 | $242,000 | $1,084,000 | $93,000 | $382,000 |
| Not applicable | 11 | $6,753,000 | $613,000 | $1,600,000 | $0 | $0 |
| Asian | 4 | $889,000 | $222,000 | $345,000 | $43,000 | $87,000 |
| Hispanic | 3 | $336,000 | $112,000 | $176,000 | $105,000 | $105,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 122 | $33,154,000 | $271,000 | $1,600,000 | $84,000 | $382,000 |
| 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 | 105 | $28,302,000 | $269,000 | $1,600,000 | $84,000 | $382,000 |
| Application Denied By Financial Institution | 9 | $2,892,000 | $321,000 | $915,000 | $90,000 | $156,000 |
| Application Withdrawn By Applicant | 4 | $1,165,000 | $291,000 | $351,000 | $52,000 | $95,000 |
| Application Approved But Not Accepted | 3 | $480,000 | $160,000 | $338,000 | $70,000 | $87,000 |
| File Closed For Incompleteness | 1 | $315,000 | $315,000 | $315,000 | $143,000 | $143,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $620,000 | $206,000 | $300,000 | $89,000 | $112,000 |
| Debt-To-Income Ratio | 3 | $643,000 | $214,000 | $375,000 | $93,000 | $127,000 |
| Collateral | 2 | $1,227,000 | $613,000 | $915,000 | $110,000 | $156,000 |
| Credit Application Incomplete | 1 | $402,000 | $402,000 | $402,000 | $50,000 | $50,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Co-Operative Bank's 2007 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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