Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2015
In 2015, Fidelity Co-Operative Bank of Leominster, MA reported 603 mortgage applications totaling $129.4 million, about the same as 2014. The average application was for $214,538, and applicants reported an average income of $108,000. 63% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Worcester, MA-CT (399), Cambridge-Newton-Framingham, MA (108) and Boston, MA (41) (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 | 603 |
| Total Mortgage Loan Application Amount | $129,367,000 |
| Average Mortgage Loan Application Amount | $214,538 |
| Highest Mortgage Loan Application Amount | $2,560,000 |
| Average Applicant Income | $108,000 |
| Highest Applicant Income | $2,880,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-CT | 399 | $ 71,840,000 | $ 180,050 | $ 86,187 |
| Cambridge-Newton-Framingham, MA | 108 | $ 29,517,000 | $ 273,305 | $ 128,000 |
| Boston, MA | 41 | $ 12,165,000 | $ 296,707 | $ 135,000 |
| Springfield, MA | 12 | $ 1,684,000 | $ 140,333 | $ 86,000 |
| Providence-Warwick, RI-MA | 11 | $ 5,615,000 | $ 510,454 | $ 108,727 |
| Manchester-Nashua, NH | 6 | $ 1,299,000 | $ 216,500 | $ 119,000 |
| Barnstable Town, MA | 5 | $ 2,308,000 | $ 461,600 | $ 378,000 |
| Rockingham County-Strafford County, NH | 4 | $ 612,000 | $ 153,000 | $ 105,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 740,000 | $ 246,666 | $ 517,000 |
| Lakeland-Winter Haven, FL | 1 | $ 99,000 | $ 99,000 | $ 29,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 137,000 | $ 137,000 | $ 105,000 |
| St. Louis, MO-IL | 1 | $ 50,000 | $ 50,000 | $ 2,880,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2015
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 | 303 | $64,998,000 | $214,000 | $2,560,000 | $102,000 | $847,000 |
| Refinancing | 269 | $58,263,000 | $216,000 | $1,915,000 | $106,000 | $838,000 |
| Home Improvement | 31 | $6,106,000 | $196,000 | $514,000 | $184,000 | $2,880,000 |
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 | 512 | $106,175,000 | $207,000 | $1,475,000 | $114,000 | $2,880,000 |
| Hispanic | 37 | $6,629,000 | $179,000 | $640,000 | $65,000 | $219,000 |
| Not Provided | 29 | $5,803,000 | $200,000 | $525,000 | $94,000 | $255,000 |
| Asian | 11 | $1,878,000 | $170,000 | $383,000 | $103,000 | $315,000 |
| Not applicable | 8 | $7,280,000 | $910,000 | $2,560,000 | $0 | $0 |
| Black or African American | 4 | $1,086,000 | $271,000 | $415,000 | $107,000 | $225,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $194,000 | $194,000 | $194,000 | $108,000 | $108,000 |
| American Indian or Alaskan Native | 1 | $322,000 | $322,000 | $322,000 | $135,000 | $135,000 |
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) | 578 | $125,010,000 | $216,000 | $2,560,000 | $110,000 | $2,880,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,759,000 | $159,000 | $249,000 | $63,000 | $109,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,797,000 | $179,000 | $280,000 | $63,000 | $93,000 |
| VA-guaranteed (Veterans Administration) | 4 | $801,000 | $200,000 | $234,000 | $47,000 | $61,000 |
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 | 379 | $82,220,000 | $216,000 | $2,560,000 | $109,000 | $847,000 |
| Application Denied By Financial Institution | 120 | $24,388,000 | $203,000 | $950,000 | $102,000 | $2,880,000 |
| Application Withdrawn By Applicant | 67 | $15,582,000 | $232,000 | $960,000 | $112,000 | $779,000 |
| Application Approved But Not Accepted | 35 | $6,532,000 | $186,000 | $476,000 | $117,000 | $711,000 |
| File Closed For Incompleteness | 2 | $645,000 | $322,000 | $365,000 | $44,000 | $89,000 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2015 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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