Greenfield Co-Operative Bank Mortgage Lending & HMDA Data, 2010
In 2010, Greenfield Co-Operative Bank of Greenfield, MA reported 228 mortgage applications totaling $25.6 million, down 27% from 2009. The average application was for $112,425, and applicants reported an average income of $86,368. 86% of its applications resulted in an originated loan and 7% were denied. Its largest market was Springfield, MA (227).
| 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 | 228 |
| Total Mortgage Loan Application Amount | $25,633,000 |
| Average Mortgage Loan Application Amount | $112,425 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $86,368 |
| Highest Applicant Income | $1,356,000 |
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records Greenfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 211 | $ 23,207,000 | $ 109,985 | $ 87,000 |
| Hampshire, Massachusetts | 16 | $ 2,261,000 | $ 141,312 | $ 85,000 |
Mortgage Loan Application Detail Totals for Greenfield Co-Operative Bank in 2010
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 | 136 | $14,704,000 | $108,000 | $320,000 | $72,000 | $203,000 |
| Home Purchase | 65 | $9,250,000 | $142,000 | $500,000 | $117,000 | $1,356,000 |
| Home Improvement | 27 | $1,679,000 | $62,000 | $200,000 | $85,000 | $229,000 |
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 | 219 | $24,411,000 | $111,000 | $500,000 | $84,000 | $1,356,000 |
| Not applicable | 4 | $501,000 | $125,000 | $272,000 | $192,000 | $770,000 |
| Hispanic | 2 | $249,000 | $124,000 | $159,000 | $116,000 | $157,000 |
| Asian | 1 | $148,000 | $148,000 | $148,000 | $72,000 | $72,000 |
| Black or African American | 1 | $156,000 | $156,000 | $156,000 | $53,000 | $53,000 |
| Not Provided | 1 | $168,000 | $168,000 | $168,000 | $79,000 | $79,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 228 | $25,633,000 | $112,000 | $500,000 | $86,000 | $1,356,000 |
| 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 | 195 | $22,089,000 | $113,000 | $500,000 | $92,000 | $1,356,000 |
| Application Denied By Financial Institution | 17 | $1,969,000 | $115,000 | $320,000 | $44,000 | $113,000 |
| Application Withdrawn By Applicant | 13 | $1,252,000 | $96,000 | $198,000 | $67,000 | $167,000 |
| Application Approved But Not Accepted | 2 | $158,000 | $79,000 | $125,000 | $63,000 | $88,000 |
| Preapproval Denied by Financial Institution | 1 | $165,000 | $165,000 | $165,000 | $52,000 | $52,000 |
| File Closed For Incompleteness | 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 |
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 | 16 | $1,964,000 | $122,000 | $320,000 | $40,000 | $112,000 |
| Credit History | 2 | $170,000 | $85,000 | $125,000 | $85,000 | $113,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2010 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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