Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2014
In 2014, Mansfield Co-Operative Bank of Mansfield, MA reported 226 mortgage applications totaling $92.5 million. The average application was for $409,283, and applicants reported an average income of $111,597. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Providence-Warwick, RI-MA (130), Boston, MA (72) and Cambridge-Newton-Framingham, MA (12) (applications in parentheses).
| Mortgage Company & Address | Mansfield Co-Operative Bank 80 North Main Street Mansfield, MA 02048 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 226 |
| Total Mortgage Loan Application Amount | $92,498,000 |
| Average Mortgage Loan Application Amount | $409,283 |
| Highest Mortgage Loan Application Amount | $7,022,000 |
| Average Applicant Income | $111,597 |
| Highest Applicant Income | $713,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 122 | $ 30,734,000 | $ 251,918 | $ 106,000 |
| Plymouth, Massachusetts | 28 | $ 6,047,000 | $ 215,964 | $ 126,000 |
| Norfolk, Massachusetts | 24 | $ 7,952,000 | $ 331,333 | $ 118,000 |
| Suffolk, Massachusetts | 20 | $ 21,504,000 | $ 1,075,200 | $ 134,000 |
| Middlesex, Massachusetts | 10 | $ 6,294,000 | $ 629,400 | $ 101,000 |
| Barnstable, Massachusetts | 8 | $ 4,248,000 | $ 531,000 | $ 165,000 |
| Providence, Rhode Island | 7 | $ 6,131,000 | $ 875,857 | $ 63,000 |
| Worcester, Massachusetts | 3 | $ 483,000 | $ 161,000 | $ 121,000 |
| Essex, Massachusetts | 2 | $ 5,435,000 | $ 2,717,500 | $ 55,000 |
| Nantucket, Massachusetts | 1 | $ 1,570,000 | $ 1,570,000 | $ 0 |
| Kent, Rhode Island | 1 | $ 2,100,000 | $ 2,100,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2014
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 | 123 | $45,778,000 | $372,000 | $7,022,000 | $110,000 | $713,000 |
| Refinancing | 92 | $44,152,000 | $479,000 | $5,150,000 | $115,000 | $652,000 |
| Home Improvement | 11 | $2,568,000 | $233,000 | $428,000 | $101,000 | $196,000 |
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 | 167 | $41,420,000 | $248,000 | $906,000 | $125,000 | $713,000 |
| Not applicable | 27 | $42,923,000 | $1,589,000 | $7,022,000 | $0 | $0 |
| Asian | 11 | $3,216,000 | $292,000 | $672,000 | $168,000 | $534,000 |
| Not Provided | 10 | $2,150,000 | $215,000 | $360,000 | $147,000 | $433,000 |
| Black or African American | 7 | $1,729,000 | $247,000 | $341,000 | $96,000 | $172,000 |
| Hispanic | 4 | $1,060,000 | $265,000 | $375,000 | $81,000 | $115,000 |
| 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) | 226 | $92,498,000 | $409,000 | $7,022,000 | $111,000 | $713,000 |
| 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 | 184 | $68,306,000 | $371,000 | $5,150,000 | $117,000 | $713,000 |
| Application Withdrawn By Applicant | 13 | $16,943,000 | $1,303,000 | $7,022,000 | $63,000 | $433,000 |
| Application Denied By Financial Institution | 12 | $2,469,000 | $205,000 | $380,000 | $102,000 | $373,000 |
| Application Approved But Not Accepted | 11 | $2,706,000 | $246,000 | $860,000 | $75,000 | $217,000 |
| File Closed For Incompleteness | 6 | $2,074,000 | $345,000 | $530,000 | $143,000 | $300,000 |
| 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 2014 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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