Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2013
In 2013, Fidelity Co-Operative Bank of Leominster, MA reported 658 mortgage applications totaling $132.1 million, down 34% from 2012. The average application was for $200,744, and applicants reported an average income of $102,183. 77% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Worcester, MA (432), Cambridge-Newton-Framingham, MA (119) and Boston-Quincy, MA (44) (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 | 658 |
| Total Mortgage Loan Application Amount | $132,090,000 |
| Average Mortgage Loan Application Amount | $200,744 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $102,183 |
| Highest Applicant Income | $750,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2013
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 | 415 | $85,965,000 | $207,000 | $4,000,000 | $105,000 | $750,000 |
| Home Purchase | 205 | $42,518,000 | $207,000 | $1,440,000 | $98,000 | $455,000 |
| Home Improvement | 38 | $3,607,000 | $94,000 | $306,000 | $94,000 | $268,000 |
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 | 578 | $112,565,000 | $194,000 | $1,440,000 | $102,000 | $750,000 |
| Hispanic | 28 | $4,769,000 | $170,000 | $417,000 | $72,000 | $251,000 |
| Not Provided | 27 | $5,908,000 | $218,000 | $770,000 | $150,000 | $502,000 |
| Asian | 12 | $2,148,000 | $179,000 | $600,000 | $77,000 | $178,000 |
| Black or African American | 6 | $1,003,000 | $167,000 | $297,000 | $109,000 | $211,000 |
| Not applicable | 4 | $4,953,000 | $1,238,000 | $4,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $344,000 | $172,000 | $184,000 | $53,000 | $55,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $400,000 | $400,000 | $400,000 | $213,000 | $213,000 |
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) | 655 | $131,606,000 | $200,000 | $4,000,000 | $102,000 | $750,000 |
| FHA-insured (Federal Housing Administration) | 2 | $300,000 | $150,000 | $228,000 | $71,000 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $184,000 | $184,000 | $184,000 | $51,000 | $51,000 |
| 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 | 509 | $102,710,000 | $201,000 | $4,000,000 | $104,000 | $573,000 |
| Application Denied By Financial Institution | 65 | $12,627,000 | $194,000 | $634,000 | $79,000 | $235,000 |
| Application Withdrawn By Applicant | 58 | $11,773,000 | $202,000 | $650,000 | $116,000 | $750,000 |
| File Closed For Incompleteness | 18 | $3,785,000 | $210,000 | $650,000 | $108,000 | $338,000 |
| Application Approved But Not Accepted | 8 | $1,195,000 | $149,000 | $320,000 | $57,000 | $97,000 |
| 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 | 26 | $4,925,000 | $189,000 | $417,000 | $108,000 | $235,000 |
| Debt-To-Income Ratio | 16 | $3,308,000 | $206,000 | $634,000 | $47,000 | $95,000 |
| Credit History | 15 | $2,832,000 | $188,000 | $351,000 | $75,000 | $172,000 |
| Credit Application Incomplete | 3 | $419,000 | $139,000 | $185,000 | $39,000 | $54,000 |
| Other | 2 | $501,000 | $250,000 | $407,000 | $70,000 | $108,000 |
| Unverifiable Information | 1 | $90,000 | $90,000 | $90,000 | $50,000 | $50,000 |
| Employment History | 1 | $384,000 | $384,000 | $384,000 | $73,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $168,000 | $168,000 | $168,000 | $90,000 | $90,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2013 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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