Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2010
In 2010, Mansfield Co-Operative Bank of Mansfield, MA reported 375 mortgage applications totaling $87.7 million, down 39% from 2009. The average application was for $233,922, and applicants reported an average income of $120,298. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (262), Boston-Quincy, MA (87) and Barnstable Town, MA (15) (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 | 375 |
| Total Mortgage Loan Application Amount | $87,721,000 |
| Average Mortgage Loan Application Amount | $233,922 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $120,298 |
| Highest Applicant Income | $758,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mansfield 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 | 296 | $68,564,000 | $231,000 | $865,000 | $121,000 | $758,000 |
| Home Purchase | 48 | $12,065,000 | $251,000 | $650,000 | $111,000 | $384,000 |
| Home Improvement | 31 | $7,092,000 | $228,000 | $480,000 | $128,000 | $500,000 |
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 | 318 | $70,895,000 | $222,000 | $650,000 | $119,000 | $758,000 |
| Not Provided | 30 | $7,133,000 | $237,000 | $420,000 | $150,000 | $377,000 |
| Not applicable | 12 | $5,497,000 | $458,000 | $865,000 | $0 | $0 |
| Hispanic | 8 | $2,698,000 | $337,000 | $662,000 | $179,000 | $363,000 |
| Asian | 5 | $1,144,000 | $228,000 | $309,000 | $164,000 | $224,000 |
| Black or African American | 2 | $354,000 | $177,000 | $268,000 | $133,000 | $155,000 |
| 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) | 374 | $87,626,000 | $234,000 | $865,000 | $120,000 | $758,000 |
| FHA-insured (Federal Housing Administration) | 1 | $95,000 | $95,000 | $95,000 | $175,000 | $175,000 |
| 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 | 288 | $65,635,000 | $227,000 | $865,000 | $122,000 | $758,000 |
| Application Withdrawn By Applicant | 37 | $9,005,000 | $243,000 | $447,000 | $132,000 | $532,000 |
| Application Denied By Financial Institution | 33 | $8,501,000 | $257,000 | $600,000 | $81,000 | $235,000 |
| Application Approved But Not Accepted | 9 | $1,919,000 | $213,000 | $360,000 | $131,000 | $308,000 |
| File Closed For Incompleteness | 8 | $2,661,000 | $332,000 | $415,000 | $149,000 | $235,000 |
| 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 | 2 | $150,000 | $75,000 | $75,000 | $17,000 | $20,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mansfield 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 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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