Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2009
In 2009, Mansfield Co-Operative Bank of Mansfield, MA reported 619 mortgage applications totaling $137.1 million, up 181% from 2008. The average application was for $221,486, and applicants reported an average income of $108,799. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (425), Boston-Quincy, MA (152) and Barnstable Town, MA (19) (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 | 619 |
| Total Mortgage Loan Application Amount | $137,100,000 |
| Average Mortgage Loan Application Amount | $221,486 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $108,799 |
| Highest Applicant Income | $710,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 417 | $ 88,217,000 | $ 211,551 | $ 106,000 |
| Norfolk, Massachusetts | 96 | $ 22,999,000 | $ 239,572 | $ 110,000 |
| Plymouth, Massachusetts | 55 | $ 12,860,000 | $ 233,818 | $ 109,000 |
| Barnstable, Massachusetts | 19 | $ 5,334,000 | $ 280,736 | $ 126,000 |
| Worcester, Massachusetts | 10 | $ 2,656,000 | $ 265,600 | $ 127,000 |
| Middlesex, Massachusetts | 8 | $ 1,767,000 | $ 220,875 | $ 167,000 |
| Providence, Rhode Island | 4 | $ 773,000 | $ 193,250 | $ 81,000 |
| Essex, Massachusetts | 3 | $ 667,000 | $ 222,333 | $ 111,000 |
| Dukes, Massachusetts | 2 | $ 578,000 | $ 289,000 | $ 123,000 |
| Kent, Rhode Island | 2 | $ 583,000 | $ 291,500 | $ 208,000 |
| Suffolk, Massachusetts | 1 | $ 219,000 | $ 219,000 | $ 111,000 |
| Bristol, Rhode Island | 1 | $ 97,000 | $ 97,000 | $ 92,000 |
| Washington, Rhode Island | 1 | $ 350,000 | $ 350,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2009
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 | 500 | $110,888,000 | $221,000 | $650,000 | $112,000 | $710,000 |
| Home Improvement | 63 | $12,412,000 | $197,000 | $365,000 | $101,000 | $343,000 |
| Home Purchase | 56 | $13,800,000 | $246,000 | $800,000 | $89,000 | $410,000 |
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 | 530 | $115,061,000 | $217,000 | $650,000 | $109,000 | $710,000 |
| Not Provided | 60 | $14,770,000 | $246,000 | $800,000 | $120,000 | $410,000 |
| Asian | 19 | $4,820,000 | $253,000 | $417,000 | $102,000 | $219,000 |
| Not applicable | 6 | $1,874,000 | $312,000 | $468,000 | $0 | $0 |
| Hispanic | 3 | $481,000 | $160,000 | $217,000 | $46,000 | $65,000 |
| Black or African American | 1 | $94,000 | $94,000 | $94,000 | $102,000 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 619 | $137,100,000 | $221,000 | $800,000 | $109,000 | $710,000 |
| 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 | 531 | $115,738,000 | $217,000 | $800,000 | $110,000 | $710,000 |
| Application Denied By Financial Institution | 52 | $12,874,000 | $247,000 | $417,000 | $95,000 | $246,000 |
| File Closed For Incompleteness | 17 | $4,371,000 | $257,000 | $417,000 | $125,000 | $271,000 |
| Application Withdrawn By Applicant | 13 | $2,928,000 | $225,000 | $417,000 | $99,000 | $174,000 |
| Application Approved But Not Accepted | 6 | $1,189,000 | $198,000 | $417,000 | $94,000 | $148,000 |
| 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 | $6,372,000 | $245,000 | $408,000 | $108,000 | $208,000 |
| Debt-To-Income Ratio | 13 | $2,936,000 | $225,000 | $347,000 | $39,000 | $89,000 |
| Credit History | 4 | $1,210,000 | $302,000 | $417,000 | $131,000 | $225,000 |
| Other | 4 | $1,032,000 | $258,000 | $334,000 | $125,000 | $236,000 |
| Mortgage Insurance Denied | 1 | $306,000 | $306,000 | $306,000 | $75,000 | $75,000 |
| Unverifiable Information | 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mansfield Co-Operative Bank's 2009 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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