Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2013
In 2013, Mansfield Co-Operative Bank of Mansfield, MA reported 409 mortgage applications totaling $146.8 million, down 32% from 2012. The average application was for $358,973, and applicants reported an average income of $123,557. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (232), Boston-Quincy, MA (139) and Cambridge-Newton-Framingham, MA (14) (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 | 409 |
| Total Mortgage Loan Application Amount | $146,820,000 |
| Average Mortgage Loan Application Amount | $358,973 |
| Highest Mortgage Loan Application Amount | $7,898,000 |
| Average Applicant Income | $123,557 |
| Highest Applicant Income | $1,112,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence-New Bedford-Fall River, RI-MA | 232 | $ 60,608,000 | $ 261,241 | $ 119,103 |
| Boston-Quincy, MA | 139 | $ 57,362,000 | $ 412,676 | $ 121,000 |
| Cambridge-Newton-Framingham, MA | 14 | $ 20,718,000 | $ 1,479,857 | $ 128,000 |
| Barnstable Town, MA | 10 | $ 4,753,000 | $ 475,300 | $ 269,000 |
| Worcester, MA | 10 | $ 2,122,000 | $ 212,200 | $ 99,000 |
| Peabody, MA | 3 | $ 982,000 | $ 327,333 | $ 154,000 |
| Springfield, MA | 1 | $ 275,000 | $ 275,000 | $ 174,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2013
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 | 212 | $65,226,000 | $307,000 | $6,670,000 | $126,000 | $775,000 |
| Home Purchase | 154 | $69,576,000 | $451,000 | $7,898,000 | $117,000 | $1,112,000 |
| Home Improvement | 43 | $12,018,000 | $279,000 | $1,728,000 | $135,000 | $477,000 |
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 | 331 | $82,134,000 | $248,000 | $1,920,000 | $132,000 | $1,112,000 |
| Not applicable | 37 | $52,584,000 | $1,421,000 | $7,898,000 | $0 | $0 |
| Not Provided | 18 | $4,291,000 | $238,000 | $650,000 | $185,000 | $775,000 |
| Asian | 15 | $5,280,000 | $352,000 | $1,000,000 | $185,000 | $458,000 |
| Black or African American | 4 | $1,327,000 | $331,000 | $417,000 | $92,000 | $169,000 |
| American Indian or Alaskan Native | 3 | $954,000 | $318,000 | $391,000 | $119,000 | $224,000 |
| Hispanic | 1 | $250,000 | $250,000 | $250,000 | $140,000 | $140,000 |
| 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) | 409 | $146,820,000 | $358,000 | $7,898,000 | $124,000 | $1,112,000 |
| 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 | 330 | $108,725,000 | $329,000 | $7,898,000 | $122,000 | $775,000 |
| Application Denied By Financial Institution | 25 | $5,537,000 | $221,000 | $450,000 | $87,000 | $374,000 |
| Application Withdrawn By Applicant | 25 | $22,946,000 | $917,000 | $6,670,000 | $106,000 | $546,000 |
| File Closed For Incompleteness | 15 | $4,250,000 | $283,000 | $508,000 | $170,000 | $613,000 |
| Application Approved But Not Accepted | 14 | $5,362,000 | $383,000 | $1,610,000 | $197,000 | $1,112,000 |
| 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 | 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 Mansfield Co-Operative Bank's 2013 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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