Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2005
In 2005, Fidelity Co-Operative Bank of Leominster, MA reported 328 mortgage applications totaling $53.5 million, down 5% from 2004. The average application was for $163,131, and applicants reported an average income of $67,420. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Worcester, MA (264), Cambridge-Newton-Framingham, MA (42) and Springfield, MA (6) (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 | 328 |
| Total Mortgage Loan Application Amount | $53,507,000 |
| Average Mortgage Loan Application Amount | $163,131 |
| Highest Mortgage Loan Application Amount | $996,000 |
| Average Applicant Income | $67,420 |
| Highest Applicant Income | $739,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, MA | 264 | $ 40,475,000 | $ 153,314 | $ 62,000 |
| Cambridge-Newton-Framingham, MA | 42 | $ 8,744,000 | $ 208,190 | $ 79,000 |
| Springfield, MA | 6 | $ 601,000 | $ 100,166 | $ 49,000 |
| Essex County, MA | 3 | $ 455,000 | $ 151,666 | $ 104,000 |
| Manchester-Nashua, NH | 2 | $ 361,000 | $ 180,500 | $ 140,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 996,000 | $ 996,000 | $ 93,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 188,000 | $ 188,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2005
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 | 133 | $25,941,000 | $177,200 | $600,000 | $110,600 | $739,000 |
| Refinancing | 121 | $21,810,000 | $444,666 | $996,000 | $77,000 | $222,000 |
| Home Improvement | 74 | $5,756,000 | $235,333 | $425,000 | $64,666 | $192,000 |
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 | 306 | $50,411,000 | $330,571 | $996,000 | $100,857 | $739,000 |
| Not Provided | 12 | $1,271,000 | $71,000 | $305,000 | $40,500 | $132,000 |
| Hispanic | 4 | $574,000 | $143,000 | $203,000 | $55,000 | $96,000 |
| Not applicable | 3 | $844,000 | $281,000 | $350,000 | $0 | $0 |
| Black or African American | 2 | $235,000 | $117,000 | $225,000 | $63,000 | $72,000 |
| Asian | 1 | $172,000 | $172,000 | $172,000 | $65,000 | $65,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 328 | $53,507,000 | $324,000 | $996,000 | $96,714 | $739,000 |
| 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 | 295 | $48,941,000 | $358,333 | $996,000 | $105,166 | $739,000 |
| Application Withdrawn By Applicant | 13 | $1,882,000 | $144,000 | $385,000 | $68,000 | $222,000 |
| Application Approved But Not Accepted | 11 | $1,521,000 | $138,000 | $300,000 | $92,000 | $222,000 |
| Application Denied By Financial Institution | 6 | $803,000 | $133,000 | $332,000 | $47,000 | $98,000 |
| Preapproval Denied by Financial Institution | 3 | $360,000 | $120,000 | $200,000 | $45,000 | $98,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 5 | $535,000 | $103,500 | $200,000 | $38,500 | $98,000 |
| Debt-To-Income Ratio | 4 | $628,000 | $157,000 | $332,000 | $62,000 | $98,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2005 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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