Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2003
In 2003, Fidelity Co-Operative Bank of Leominster, MA reported 931 mortgage applications totaling $128.6 million. The average application was for $138,081, and applicants reported an average income of $65,386. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Fitchburg-Leominster, MA (483), Worcester, MA-CT (245) and Boston, MA-NH (124) (applications in parentheses).
| Mortgage Company & Address | Fidelity Co-Operative Bank 9 Leominster Connector Leominster, MA 01453 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 | 931 |
| Total Mortgage Loan Application Amount | $128,554,000 |
| Average Mortgage Loan Application Amount | $138,081 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $65,386 |
| Highest Applicant Income | $421,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, Massachusetts | 746 | $ 98,415,000 | $ 131,923 | $ 57,000 |
| Middlesex, Massachusetts | 138 | $ 22,400,000 | $ 162,318 | $ 75,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 685 | $90,329,000 | $147,500 | $750,000 | $69,000 | $421,000 |
| Home Purchase (one-to-four family) | 198 | $36,636,000 | $186,333 | $749,000 | $70,666 | $289,000 |
| Home Improvement (one-to-four family) | 46 | $1,251,000 | $23,500 | $100,000 | $60,500 | $155,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $338,000 | $169,000 | $188,000 | $0 | $0 |
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 | 898 | $123,300,000 | $162,000 | $750,000 | $66,000 | $421,000 |
| Hispanic | 10 | $2,062,000 | $217,500 | $528,000 | $82,500 | $150,000 |
| Asian or Pacific Islander | 9 | $1,446,000 | $193,000 | $278,000 | $82,000 | $212,000 |
| Black | 5 | $1,025,000 | $205,000 | $292,000 | $87,000 | $167,000 |
| Information not provided by applicant in mail or telephone application | 5 | $216,000 | $43,000 | $80,000 | $66,000 | $155,000 |
| Other | 2 | $314,000 | $157,000 | $256,000 | $51,000 | $78,000 |
| American Indian or Alaskan Native | 1 | $3,000 | $3,000 | $3,000 | $56,000 | $56,000 |
| Not applicable | 1 | $188,000 | $188,000 | $188,000 | $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) | 931 | $128,554,000 | $163,333 | $750,000 | $68,333 | $421,000 |
| 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 | 868 | $120,637,000 | $164,000 | $750,000 | $71,000 | $421,000 |
| Application Withdrawn By Applicant | 27 | $3,829,000 | $141,000 | $292,000 | $54,000 | $170,000 |
| Application Approved But Not Accepted | 19 | $2,167,000 | $107,000 | $240,000 | $59,500 | $155,000 |
| Application Denied By Financial Institution | 17 | $1,921,000 | $113,000 | $306,000 | $49,000 | $119,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 7 | $718,000 | $102,000 | $306,000 | $54,000 | $119,000 |
| Collateral | 4 | $497,000 | $124,000 | $195,000 | $61,000 | $92,000 |
| Debt-To-Income Ratio | 3 | $250,000 | $83,000 | $141,000 | $39,000 | $56,000 |
| Other | 2 | $160,000 | $80,000 | $115,000 | $29,000 | $33,000 |
| Unverifiable Information | 1 | $296,000 | $296,000 | $296,000 | $66,000 | $66,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2003 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 Fidelity 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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