Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2013
In 2013, Everett Co-Operative Bank of Everett, MA reported 210 mortgage applications totaling $84.2 million, up 19% from 2012. The average application was for $400,719, and applicants reported an average income of $100,138. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (107), Boston-Quincy, MA (53) and Peabody, MA (40) (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 | 210 |
| Total Mortgage Loan Application Amount | $84,151,000 |
| Average Mortgage Loan Application Amount | $400,719 |
| Highest Mortgage Loan Application Amount | $3,424,000 |
| Average Applicant Income | $100,138 |
| Highest Applicant Income | $1,167,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 95 | $35,088,000 | $369,000 | $1,950,000 | $95,000 | $460,000 |
| Home Purchase | 93 | $39,565,000 | $425,000 | $3,424,000 | $104,000 | $1,167,000 |
| Home Improvement | 22 | $9,498,000 | $431,000 | $2,850,000 | $106,000 | $533,000 |
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 | 135 | $39,997,000 | $296,000 | $1,160,000 | $131,000 | $1,167,000 |
| Not applicable | 47 | $32,558,000 | $692,000 | $3,424,000 | $0 | $0 |
| Asian | 14 | $6,663,000 | $475,000 | $1,950,000 | $125,000 | $341,000 |
| Hispanic | 6 | $2,965,000 | $494,000 | $1,060,000 | $136,000 | $253,000 |
| Black or African American | 4 | $966,000 | $241,000 | $352,000 | $93,000 | $174,000 |
| Not Provided | 2 | $490,000 | $245,000 | $340,000 | $145,000 | $175,000 |
| American Indian or Alaskan Native | 2 | $512,000 | $256,000 | $300,000 | $72,000 | $84,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 210 | $84,151,000 | $400,000 | $3,424,000 | $100,000 | $1,167,000 |
| 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 | 195 | $76,060,000 | $390,000 | $3,424,000 | $98,000 | $1,167,000 |
| Application Denied By Financial Institution | 8 | $6,305,000 | $788,000 | $1,950,000 | $190,000 | $460,000 |
| Application Approved But Not Accepted | 4 | $1,054,000 | $263,000 | $315,000 | $70,000 | $129,000 |
| Application Withdrawn By Applicant | 2 | $519,000 | $259,000 | $369,000 | $34,000 | $68,000 |
| File Closed For Incompleteness | 1 | $213,000 | $213,000 | $213,000 | $67,000 | $67,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2013 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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