Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2010
In 2010, Everett Co-Operative Bank of Everett, MA reported 147 mortgage applications totaling $43.4 million, down 32% from 2009. The average application was for $294,904, and applicants reported an average income of $96,768. 87% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (76), Boston-Quincy, MA (35) and Peabody, MA (25) (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 | 147 |
| Total Mortgage Loan Application Amount | $43,351,000 |
| Average Mortgage Loan Application Amount | $294,904 |
| Highest Mortgage Loan Application Amount | $1,705,000 |
| Average Applicant Income | $96,768 |
| Highest Applicant Income | $1,838,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 86 | $26,171,000 | $304,000 | $1,705,000 | $78,000 | $390,000 |
| Home Purchase | 56 | $15,672,000 | $279,000 | $1,140,000 | $122,000 | $1,838,000 |
| Home Improvement | 5 | $1,508,000 | $301,000 | $1,300,000 | $137,000 | $311,000 |
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 | 123 | $34,944,000 | $284,000 | $1,705,000 | $115,000 | $1,838,000 |
| Not applicable | 21 | $7,896,000 | $376,000 | $1,125,000 | $0 | $0 |
| Not Provided | 1 | $130,000 | $130,000 | $130,000 | $64,000 | $64,000 |
| Asian | 1 | $326,000 | $326,000 | $326,000 | $0 | $0 |
| Hispanic | 1 | $55,000 | $55,000 | $55,000 | $70,000 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 147 | $43,351,000 | $294,000 | $1,705,000 | $97,000 | $1,838,000 |
| 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 | 128 | $35,458,000 | $277,000 | $1,705,000 | $82,000 | $504,000 |
| Application Approved But Not Accepted | 8 | $4,016,000 | $502,000 | $1,300,000 | $370,000 | $1,838,000 |
| Application Denied By Financial Institution | 6 | $2,161,000 | $360,000 | $600,000 | $93,000 | $156,000 |
| Application Withdrawn By Applicant | 5 | $1,716,000 | $343,000 | $500,000 | $56,000 | $100,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3 | $1,083,000 | $361,000 | $488,000 | $74,000 | $93,000 |
| Collateral | 1 | $288,000 | $288,000 | $288,000 | $101,000 | $101,000 |
| Credit Application Incomplete | 1 | $600,000 | $600,000 | $600,000 | $156,000 | $156,000 |
| Credit History | 1 | $190,000 | $190,000 | $190,000 | $78,000 | $78,000 |
| 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 2010 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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