Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2008
In 2008, Fidelity Co-Operative Bank of Leominster, MA reported 500 mortgage applications totaling $87.9 million, down 15% from 2007. The average application was for $175,862, and applicants reported an average income of $81,454. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Worcester, MA (374), Cambridge-Newton-Framingham, MA (64) and Springfield, MA (17) (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 | 500 |
| Total Mortgage Loan Application Amount | $87,931,000 |
| Average Mortgage Loan Application Amount | $175,862 |
| Highest Mortgage Loan Application Amount | $1,319,000 |
| Average Applicant Income | $81,454 |
| Highest Applicant Income | $1,044,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 374 | $ 60,405,000 | $ 161,510 | $ 79,000 |
| Cambridge-Newton-Framingham, MA | 64 | $ 13,632,000 | $ 213,000 | $ 98,000 |
| Springfield, MA | 17 | $ 2,925,000 | $ 172,058 | $ 63,000 |
| Boston-Quincy, MA | 16 | $ 4,901,000 | $ 306,312 | $ 137,000 |
| Manchester-Nashua, NH | 4 | $ 749,000 | $ 187,250 | $ 31,000 |
| Peabody, MA | 4 | $ 488,000 | $ 122,000 | $ 72,000 |
| Barnstable Town, MA | 3 | $ 981,000 | $ 327,000 | $ 48,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 346,000 | $ 173,000 | $ 40,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 188,000 | $ 188,000 | $ 96,000 |
| York-Hanover, PA | 1 | $ 63,000 | $ 63,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2008
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 | 229 | $41,006,000 | $179,000 | $844,000 | $77,000 | $1,044,000 |
| Refinancing | 223 | $40,453,000 | $181,000 | $1,319,000 | $90,000 | $996,000 |
| Home Improvement | 48 | $6,472,000 | $134,000 | $605,000 | $63,000 | $360,000 |
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 | 429 | $75,774,000 | $176,000 | $844,000 | $80,000 | $996,000 |
| Not Provided | 42 | $6,702,000 | $159,000 | $675,000 | $124,000 | $1,044,000 |
| Not applicable | 10 | $3,292,000 | $329,000 | $1,319,000 | $0 | $0 |
| Hispanic | 10 | $792,000 | $79,000 | $138,000 | $53,000 | $142,000 |
| Asian | 7 | $1,055,000 | $150,000 | $322,000 | $57,000 | $160,000 |
| Black or African American | 1 | $207,000 | $207,000 | $207,000 | $70,000 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $109,000 | $109,000 | $109,000 | $31,000 | $31,000 |
| 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) | 496 | $87,586,000 | $176,000 | $1,319,000 | $82,000 | $1,044,000 |
| FHA-insured (Federal Housing Administration) | 4 | $345,000 | $86,000 | $138,000 | $34,000 | $48,000 |
| 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 | 372 | $65,555,000 | $176,000 | $1,319,000 | $84,000 | $1,044,000 |
| Application Denied By Financial Institution | 63 | $11,067,000 | $175,000 | $800,000 | $67,000 | $289,000 |
| Application Withdrawn By Applicant | 42 | $7,534,000 | $179,000 | $844,000 | $102,000 | $570,000 |
| Application Approved But Not Accepted | 16 | $2,479,000 | $154,000 | $330,000 | $40,000 | $78,000 |
| Preapproval Denied by Financial Institution | 7 | $1,296,000 | $185,000 | $300,000 | $53,000 | $84,000 |
| 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 |
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 | 17 | $3,152,000 | $185,000 | $522,000 | $96,000 | $210,000 |
| Credit History | 14 | $2,059,000 | $147,000 | $365,000 | $50,000 | $133,000 |
| Debt-To-Income Ratio | 4 | $1,158,000 | $289,000 | $800,000 | $114,000 | $289,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $102,000 | $51,000 | $52,000 | $33,000 | $40,000 |
| Other | 2 | $158,000 | $79,000 | $145,000 | $48,000 | $62,000 |
| Mortgage Insurance Denied | 1 | $174,000 | $174,000 | $174,000 | $49,000 | $49,000 |
| Employment History | 1 | $152,000 | $152,000 | $152,000 | $38,000 | $38,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2008 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About