Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2005
In 2005, Mansfield Co-Operative Bank of Mansfield, MA reported 176 mortgage applications totaling $41.6 million, down 30% from 2004. The average application was for $236,477, and applicants reported an average income of $102,329. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston-Quincy, MA (39), Providence-New Bedford-Fall River, RI-MA (22) and Worcester, MA (3) (applications in parentheses).
| Mortgage Company & Address | Mansfield Co-Operative Bank 80 North Main St Mansfield, MA 02048 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 176 |
| Total Mortgage Loan Application Amount | $41,620,000 |
| Average Mortgage Loan Application Amount | $236,477 |
| Highest Mortgage Loan Application Amount | $2,280,000 |
| Average Applicant Income | $102,329 |
| Highest Applicant Income | $882,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bristol, Massachusetts | 109 | $ 20,506,000 | $ 188,128 | $ 84,000 |
| Norfolk, Massachusetts | 20 | $ 7,083,000 | $ 354,150 | $ 51,000 |
| Plymouth, Massachusetts | 17 | $ 4,360,000 | $ 256,470 | $ 157,000 |
| Providence, Rhode Island | 13 | $ 3,665,000 | $ 281,923 | $ 81,000 |
| Kent, Rhode Island | 7 | $ 2,017,000 | $ 288,142 | $ 115,000 |
| Worcester, Massachusetts | 3 | $ 1,012,000 | $ 337,333 | $ 108,000 |
| Barnstable, Massachusetts | 2 | $ 1,173,000 | $ 586,500 | $ 523,000 |
| Suffolk, Massachusetts | 2 | $ 682,000 | $ 341,000 | $ 137,000 |
| Middlesex, Massachusetts | 1 | $ 293,000 | $ 293,000 | $ 90,000 |
| Newport, Rhode Island | 1 | $ 469,000 | $ 469,000 | $ 146,000 |
| Washington, Rhode Island | 1 | $ 360,000 | $ 360,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2005
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 | 73 | $19,772,000 | $276,500 | $826,000 | $102,000 | $708,000 |
| Refinancing | 62 | $15,131,000 | $268,500 | $2,280,000 | $110,500 | $882,000 |
| Home Improvement | 41 | $6,717,000 | $239,000 | $513,000 | $92,500 | $270,000 |
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 | 157 | $35,248,000 | $253,500 | $826,000 | $105,000 | $882,000 |
| Not Provided | 10 | $1,582,000 | $158,000 | $559,000 | $154,000 | $708,000 |
| Not applicable | 5 | $3,985,000 | $797,000 | $2,280,000 | $0 | $0 |
| Black or African American | 2 | $320,000 | $160,000 | $210,000 | $69,000 | $100,000 |
| Hispanic | 2 | $485,000 | $242,000 | $415,000 | $82,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 176 | $41,620,000 | $261,000 | $2,280,000 | $103,500 | $882,000 |
| 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 | 158 | $38,097,000 | $266,500 | $2,280,000 | $112,000 | $882,000 |
| Application Denied By Financial Institution | 6 | $928,000 | $154,000 | $300,000 | $75,000 | $122,000 |
| Application Withdrawn By Applicant | 5 | $1,200,000 | $241,000 | $415,000 | $83,000 | $125,000 |
| File Closed For Incompleteness | 5 | $478,000 | $95,000 | $293,000 | $93,000 | $150,000 |
| Application Approved But Not Accepted | 2 | $917,000 | $458,500 | $625,000 | $98,000 | $116,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3 | $628,000 | $209,000 | $300,000 | $75,000 | $122,000 |
| Collateral | 2 | $250,000 | $125,000 | $175,000 | $75,000 | $100,000 |
| Credit History | 1 | $50,000 | $50,000 | $50,000 | $77,000 | $77,000 |
| 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 Mansfield Co-Operative Bank's 2005 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 Mansfield 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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