Greenfield Co-Operative Bank Mortgage Lending & HMDA Data, 2011
In 2011, Greenfield Co-Operative Bank of Greenfield, MA reported 243 mortgage applications totaling $21.6 million, up 7% from 2010. The average application was for $88,765, and applicants reported an average income of $84,526. 94% of its applications resulted in an originated loan and 4% were denied. Its largest market was Springfield, MA (242).
| Mortgage Company & Address | Greenfield Co-Operative Bank 63 Federal Street Greenfield, MA 01301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 243 |
| Total Mortgage Loan Application Amount | $21,570,000 |
| Average Mortgage Loan Application Amount | $88,765 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $84,526 |
| Highest Applicant Income | $746,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Greenfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Franklin, Massachusetts | 208 | $ 19,090,000 | $ 91,778 | $ 81,000 |
| Hampshire, Massachusetts | 34 | $ 2,459,000 | $ 72,323 | $ 109,000 |
| Windham, Vermont | 1 | $ 21,000 | $ 21,000 | $ 17,000 |
Mortgage Loan Application Detail Totals for Greenfield Co-Operative Bank in 2011
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 Improvement | 102 | $1,452,000 | $14,000 | $150,000 | $87,000 | $650,000 |
| Refinancing | 92 | $13,246,000 | $143,000 | $850,000 | $81,000 | $371,000 |
| Home Purchase | 49 | $6,872,000 | $140,000 | $300,000 | $86,000 | $746,000 |
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 | 233 | $20,296,000 | $87,000 | $850,000 | $86,000 | $746,000 |
| Asian | 3 | $322,000 | $107,000 | $161,000 | $33,000 | $60,000 |
| Hispanic | 3 | $237,000 | $79,000 | $225,000 | $76,000 | $106,000 |
| Not applicable | 2 | $447,000 | $223,000 | $247,000 | $0 | $0 |
| Not Provided | 1 | $205,000 | $205,000 | $205,000 | $91,000 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $63,000 | $63,000 | $63,000 | $40,000 | $40,000 |
| Black or African American | 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) | 243 | $21,570,000 | $88,000 | $850,000 | $85,000 | $746,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 228 | $19,902,000 | $87,000 | $850,000 | $86,000 | $746,000 |
| Application Denied By Financial Institution | 9 | $873,000 | $97,000 | $313,000 | $56,000 | $131,000 |
| Application Withdrawn By Applicant | 6 | $795,000 | $132,000 | $200,000 | $69,000 | $96,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $341,000 | $56,000 | $133,000 | $51,000 | $131,000 |
| Collateral | 3 | $532,000 | $177,000 | $313,000 | $67,000 | $105,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Greenfield Co-Operative Bank's 2011 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 Greenfield 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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