Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2014
In 2014, Fidelity Co-Operative Bank of Leominster, MA reported 606 mortgage applications totaling $105.6 million, down 8% from 2013. The average application was for $174,333, and applicants reported an average income of $103,376. 67% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Worcester, MA-CT (386), Cambridge-Newton-Framingham, MA (120) and Boston, MA (42) (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 | 606 |
| Total Mortgage Loan Application Amount | $105,646,000 |
| Average Mortgage Loan Application Amount | $174,333 |
| Highest Mortgage Loan Application Amount | $984,000 |
| Average Applicant Income | $103,376 |
| Highest Applicant Income | $1,160,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 291 | $58,723,000 | $201,000 | $905,000 | $105,000 | $1,160,000 |
| Refinancing | 201 | $37,050,000 | $184,000 | $650,000 | $95,000 | $479,000 |
| Home Improvement | 114 | $9,873,000 | $86,000 | $984,000 | $114,000 | $416,000 |
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 | 524 | $88,125,000 | $168,000 | $984,000 | $106,000 | $1,160,000 |
| Hispanic | 26 | $4,577,000 | $176,000 | $407,000 | $69,000 | $174,000 |
| Not Provided | 23 | $5,125,000 | $222,000 | $732,000 | $104,000 | $395,000 |
| Black or African American | 13 | $1,939,000 | $149,000 | $531,000 | $88,000 | $172,000 |
| Asian | 11 | $1,723,000 | $156,000 | $262,000 | $113,000 | $190,000 |
| Not applicable | 5 | $2,757,000 | $551,000 | $905,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $387,000 | $193,000 | $326,000 | $131,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,013,000 | $506,000 | $613,000 | $157,000 | $200,000 |
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) | 593 | $103,169,000 | $173,000 | $984,000 | $104,000 | $1,160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $1,269,000 | $181,000 | $273,000 | $52,000 | $83,000 |
| FHA-insured (Federal Housing Administration) | 4 | $797,000 | $199,000 | $260,000 | $44,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 2 | $411,000 | $205,000 | $207,000 | $88,000 | $115,000 |
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 | 409 | $72,223,000 | $176,000 | $984,000 | $104,000 | $1,160,000 |
| Application Denied By Financial Institution | 95 | $15,345,000 | $161,000 | $905,000 | $95,000 | $416,000 |
| Application Withdrawn By Applicant | 59 | $11,289,000 | $191,000 | $732,000 | $124,000 | $872,000 |
| Application Approved But Not Accepted | 32 | $5,062,000 | $158,000 | $500,000 | $93,000 | $479,000 |
| Preapproval Denied by Financial Institution | 8 | $1,129,000 | $141,000 | $243,000 | $64,000 | $94,000 |
| File Closed For Incompleteness | 2 | $330,000 | $165,000 | $180,000 | $89,000 | $119,000 |
| Preapproval Approved but not Accepted | 1 | $268,000 | $268,000 | $268,000 | $127,000 | $127,000 |
| Loan Purchased By The 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 2014 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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