Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2016
In 2016, Everett Co-Operative Bank of Everett, MA reported 188 mortgage applications totaling $88.6 million, down 3% from 2015. The average application was for $471,345, and applicants reported an average income of $131,276. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (144), Boston, MA (40) and Rockingham County-Strafford County, NH (3) (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 | 188 |
| Total Mortgage Loan Application Amount | $88,613,000 |
| Average Mortgage Loan Application Amount | $471,345 |
| Highest Mortgage Loan Application Amount | $7,540,000 |
| Average Applicant Income | $131,276 |
| Highest Applicant Income | $2,115,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 92 | $52,958,000 | $575,000 | $7,540,000 | $160,000 | $2,115,000 |
| Refinancing | 63 | $22,669,000 | $359,000 | $1,002,000 | $101,000 | $363,000 |
| Home Improvement | 33 | $12,986,000 | $393,000 | $1,653,000 | $109,000 | $544,000 |
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 | 122 | $46,494,000 | $381,000 | $1,653,000 | $182,000 | $2,115,000 |
| Not applicable | 43 | $34,785,000 | $808,000 | $7,540,000 | $0 | $0 |
| Asian | 11 | $3,502,000 | $318,000 | $825,000 | $104,000 | $213,000 |
| Hispanic | 6 | $1,822,000 | $303,000 | $420,000 | $101,000 | $250,000 |
| Not Provided | 4 | $1,040,000 | $260,000 | $380,000 | $114,000 | $168,000 |
| Black or African American | 2 | $970,000 | $485,000 | $640,000 | $133,000 | $183,000 |
| Native Hawaiin 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) | 187 | $88,553,000 | $473,000 | $7,540,000 | $132,000 | $2,115,000 |
| FHA-insured (Federal Housing Administration) | 1 | $60,000 | $60,000 | $60,000 | $43,000 | $43,000 |
| 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 | 169 | $82,307,000 | $487,000 | $7,540,000 | $120,000 | $1,465,000 |
| Application Withdrawn By Applicant | 10 | $3,266,000 | $326,000 | $705,000 | $134,000 | $250,000 |
| Application Approved But Not Accepted | 6 | $2,400,000 | $400,000 | $600,000 | $442,000 | $2,115,000 |
| Application Denied By Financial Institution | 3 | $640,000 | $213,000 | $325,000 | $119,000 | $218,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2016 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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