Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2003
In 2003, Mansfield Co-Operative Bank of Mansfield, MA reported 533 mortgage applications totaling $86.8 million. The average application was for $162,872, and applicants reported an average income of $94,424. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Boston, MA-NH (389), Brockton, MA (35) and Barnstable-Yarmouth, MA (2) (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 | 533 |
| Total Mortgage Loan Application Amount | $86,811,000 |
| Average Mortgage Loan Application Amount | $162,872 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $94,424 |
| Highest Applicant Income | $412,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Boston, MA-NH | 389 | $ 63,130,000 | $ 162,287 | $ 99,000 |
| Brockton, MA | 35 | $ 6,465,000 | $ 184,714 | $ 101,000 |
| Barnstable-Yarmouth, MA | 2 | $ 490,000 | $ 245,000 | $ 133,000 |
| New Bedford, MA | 2 | $ 508,000 | $ 254,000 | $ 90,000 |
| Worcester, MA-CT | 2 | $ 125,000 | $ 62,500 | $ 53,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 482 | $73,368,000 | $152,000 | $1,000,000 | $95,000 | $410,000 |
| Home Purchase (one-to-four family) | 49 | $12,850,000 | $262,000 | $1,100,000 | $88,000 | $412,000 |
| Home Improvement (one-to-four family) | 2 | $593,000 | $296,000 | $323,000 | $113,000 | $144,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 475 | $74,839,000 | $157,000 | $601,000 | $81,000 | $412,000 |
| Information not provided by applicant in mail or telephone application | 29 | $4,286,000 | $147,000 | $323,000 | $113,000 | $268,000 |
| Asian or Pacific Islander | 10 | $2,387,000 | $238,000 | $550,000 | $122,000 | $209,000 |
| Hispanic | 9 | $2,507,000 | $278,000 | $1,000,000 | $179,000 | $379,000 |
| American Indian or Alaskan Native | 4 | $711,000 | $177,000 | $345,000 | $98,000 | $214,000 |
| Black | 3 | $569,000 | $189,000 | $225,000 | $88,000 | $100,000 |
| Not applicable | 2 | $1,332,000 | $666,000 | $1,100,000 | $17,000 | $34,000 |
| Other | 1 | $180,000 | $180,000 | $180,000 | $57,000 | $57,000 |
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) | 533 | $86,811,000 | $162,000 | $1,100,000 | $94,000 | $412,000 |
| 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 | 510 | $82,851,000 | $162,000 | $1,100,000 | $98,000 | $412,000 |
| Application Withdrawn By Applicant | 11 | $1,808,000 | $164,000 | $395,000 | $115,000 | $217,000 |
| Application Denied By Financial Institution | 10 | $1,816,000 | $181,000 | $450,000 | $42,000 | $92,000 |
| Application Approved But Not Accepted | 2 | $336,000 | $168,000 | $171,000 | $80,000 | $80,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 7 | $1,314,000 | $187,000 | $450,000 | $27,000 | $70,000 |
| Collateral | 2 | $407,000 | $203,000 | $230,000 | $64,000 | $92,000 |
| Credit History | 1 | $95,000 | $95,000 | $95,000 | $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 2003 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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