Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2006
In 2006, Fidelity Co-Operative Bank of Leominster, MA reported 419 mortgage applications totaling $63.1 million, up 28% from 2005. The average application was for $150,701, and applicants reported an average income of $76,093. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Worcester, MA (303), Cambridge-Newton-Framingham, MA (80) and Rockingham County-Strafford County, NH (7) (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 | 419 |
| Total Mortgage Loan Application Amount | $63,144,000 |
| Average Mortgage Loan Application Amount | $150,701 |
| Highest Mortgage Loan Application Amount | $1,097,000 |
| Average Applicant Income | $76,093 |
| Highest Applicant Income | $400,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 303 | $ 43,928,000 | $ 144,976 | $ 75,000 |
| Middlesex, Massachusetts | 80 | $ 12,837,000 | $ 160,462 | $ 82,000 |
| Franklin, Massachusetts | 6 | $ 736,000 | $ 122,666 | $ 50,000 |
| Hillsborough, New Hampshire | 6 | $ 1,604,000 | $ 267,333 | $ 88,000 |
| Cheshire, New Hampshire | 5 | $ 1,055,000 | $ 211,000 | $ 45,000 |
| Rockingham, New Hampshire | 5 | $ 967,000 | $ 193,400 | $ 100,000 |
| Norfolk, Massachusetts | 2 | $ 312,000 | $ 156,000 | $ 86,000 |
| Strafford, New Hampshire | 2 | $ 212,000 | $ 106,000 | $ 98,000 |
| Windham, Connecticut | 1 | $ 24,000 | $ 24,000 | $ 43,000 |
| Barnstable, Massachusetts | 1 | $ 272,000 | $ 272,000 | $ 218,000 |
| Dukes, Massachusetts | 1 | $ 290,000 | $ 290,000 | $ 88,000 |
| Hampshire, Massachusetts | 1 | $ 59,000 | $ 59,000 | $ 98,000 |
| Nantucket, Massachusetts | 1 | $ 120,000 | $ 120,000 | $ 165,000 |
| Suffolk, Massachusetts | 1 | $ 115,000 | $ 115,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2006
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 | 197 | $23,492,000 | $119,000 | $427,000 | $74,000 | $400,000 |
| Home Purchase | 157 | $32,886,000 | $209,000 | $1,097,000 | $80,000 | $218,000 |
| Home Improvement | 65 | $6,766,000 | $104,000 | $875,000 | $73,000 | $205,000 |
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 | 374 | $55,175,000 | $147,000 | $1,097,000 | $77,000 | $400,000 |
| Not Provided | 26 | $3,410,000 | $131,000 | $400,000 | $76,000 | $205,000 |
| Hispanic | 9 | $1,381,000 | $153,000 | $263,000 | $52,000 | $104,000 |
| Asian | 5 | $1,130,000 | $226,000 | $417,000 | $137,000 | $197,000 |
| Not applicable | 4 | $1,844,000 | $461,000 | $875,000 | $0 | $0 |
| Black or African American | 1 | $204,000 | $204,000 | $204,000 | $60,000 | $60,000 |
| Native Hawaiian 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) | 419 | $63,144,000 | $150,000 | $1,097,000 | $76,000 | $400,000 |
| 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 | 378 | $55,992,000 | $148,000 | $1,097,000 | $77,000 | $400,000 |
| Application Denied By Financial Institution | 13 | $2,002,000 | $154,000 | $307,000 | $74,000 | $205,000 |
| Application Withdrawn By Applicant | 13 | $2,614,000 | $201,000 | $664,000 | $71,000 | $165,000 |
| Application Approved But Not Accepted | 11 | $1,859,000 | $169,000 | $600,000 | $60,000 | $151,000 |
| Preapproval Denied by Financial Institution | 2 | $353,000 | $176,000 | $178,000 | $36,000 | $42,000 |
| File Closed For Incompleteness | 2 | $324,000 | $162,000 | $204,000 | $46,000 | $48,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 6 | $897,000 | $149,000 | $234,000 | $41,000 | $78,000 |
| Debt-To-Income Ratio | 3 | $408,000 | $136,000 | $198,000 | $36,000 | $42,000 |
| Collateral | 3 | $554,000 | $184,000 | $307,000 | $141,000 | $205,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $168,000 | $168,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2006 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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