Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2012
In 2012, Fidelity Co-Operative Bank of Leominster, MA reported 991 mortgage applications totaling $199.5 million, up 92% from 2011. The average application was for $201,287, and applicants reported an average income of $105,049. 85% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Worcester, MA (675), Cambridge-Newton-Framingham, MA (185) and Boston-Quincy, MA (51) (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 | 991 |
| Total Mortgage Loan Application Amount | $199,476,000 |
| Average Mortgage Loan Application Amount | $201,287 |
| Highest Mortgage Loan Application Amount | $805,000 |
| Average Applicant Income | $105,049 |
| Highest Applicant Income | $1,920,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 675 | $ 120,898,000 | $ 179,108 | $ 99,000 |
| Cambridge-Newton-Framingham, MA | 185 | $ 44,898,000 | $ 242,691 | $ 118,000 |
| Boston-Quincy, MA | 51 | $ 14,312,000 | $ 280,627 | $ 121,000 |
| Springfield, MA | 18 | $ 3,918,000 | $ 217,666 | $ 94,000 |
| Peabody, MA | 14 | $ 4,394,000 | $ 313,857 | $ 133,000 |
| Barnstable Town, MA | 11 | $ 3,241,000 | $ 294,636 | $ 208,000 |
| Manchester-Nashua, NH | 8 | $ 1,387,000 | $ 173,375 | $ 66,000 |
| Providence-New Bedford-Fall River, RI-MA | 7 | $ 1,725,000 | $ 246,428 | $ 108,857 |
| Portland-South Portland-Biddeford, ME | 3 | $ 569,000 | $ 189,666 | $ 144,000 |
| Rockingham County-Strafford County, NH | 2 | $ 393,000 | $ 196,500 | $ 98,000 |
| Wilmington, NC | 1 | $ 109,000 | $ 109,000 | $ 326,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2012
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 | 767 | $159,377,000 | $207,000 | $805,000 | $106,000 | $1,920,000 |
| Home Purchase | 186 | $34,282,000 | $184,000 | $598,000 | $104,000 | $1,295,000 |
| Home Improvement | 38 | $5,817,000 | $153,000 | $661,000 | $91,000 | $276,000 |
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 | 874 | $176,479,000 | $201,000 | $729,000 | $105,000 | $1,920,000 |
| Not Provided | 76 | $15,954,000 | $209,000 | $805,000 | $128,000 | $1,295,000 |
| Hispanic | 29 | $4,980,000 | $171,000 | $417,000 | $68,000 | $183,000 |
| Asian | 9 | $1,590,000 | $176,000 | $414,000 | $93,000 | $185,000 |
| Black or African American | 3 | $473,000 | $157,000 | $208,000 | $81,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 978 | $197,473,000 | $201,000 | $805,000 | $106,000 | $1,920,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,220,000 | $135,000 | $211,000 | $52,000 | $90,000 |
| FHA-insured (Federal Housing Administration) | 4 | $783,000 | $195,000 | $392,000 | $84,000 | $112,000 |
| 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 | 842 | $170,957,000 | $203,000 | $710,000 | $106,000 | $1,295,000 |
| Application Denied By Financial Institution | 82 | $15,322,000 | $186,000 | $729,000 | $100,000 | $1,920,000 |
| Application Withdrawn By Applicant | 51 | $9,924,000 | $194,000 | $466,000 | $102,000 | $253,000 |
| File Closed For Incompleteness | 14 | $2,877,000 | $205,000 | $805,000 | $117,000 | $326,000 |
| Application Approved But Not Accepted | 2 | $396,000 | $198,000 | $317,000 | $77,000 | $125,000 |
| 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 | 20 | $4,445,000 | $222,000 | $729,000 | $86,000 | $262,000 |
| Debt-To-Income Ratio | 9 | $1,829,000 | $203,000 | $417,000 | $89,000 | $181,000 |
| Credit Application Incomplete | 5 | $847,000 | $169,000 | $367,000 | $61,000 | $119,000 |
| Credit History | 5 | $482,000 | $96,000 | $178,000 | $94,000 | $180,000 |
| Other | 2 | $266,000 | $133,000 | $213,000 | $98,000 | $133,000 |
| Employment History | 1 | $120,000 | $120,000 | $120,000 | $53,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $102,000 | $102,000 | $102,000 | $35,000 | $35,000 |
| Mortgage Insurance Denied | 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 2012 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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