Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2015
In 2015, Mansfield Co-Operative Bank of Mansfield, MA reported 232 mortgage applications totaling $70.0 million, up 3% from 2014. The average application was for $301,827, and applicants reported an average income of $139,215. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Providence-Warwick, RI-MA (136), Boston, MA (68) and Cambridge-Newton-Framingham, MA (18) (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 | 232 |
| Total Mortgage Loan Application Amount | $70,024,000 |
| Average Mortgage Loan Application Amount | $301,827 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $139,215 |
| Highest Applicant Income | $904,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 130 | $ 35,834,000 | $ 275,646 | $ 139,000 |
| Norfolk, Massachusetts | 39 | $ 10,981,000 | $ 281,564 | $ 136,000 |
| Middlesex, Massachusetts | 17 | $ 6,939,000 | $ 408,176 | $ 189,000 |
| Suffolk, Massachusetts | 15 | $ 7,677,000 | $ 511,800 | $ 113,000 |
| Plymouth, Massachusetts | 14 | $ 3,408,000 | $ 243,428 | $ 101,000 |
| Worcester, Massachusetts | 6 | $ 1,152,000 | $ 192,000 | $ 130,000 |
| Providence, Rhode Island | 4 | $ 1,487,000 | $ 371,750 | $ 79,000 |
| Barnstable, Massachusetts | 3 | $ 1,541,000 | $ 513,666 | $ 284,000 |
| Essex, Massachusetts | 1 | $ 296,000 | $ 296,000 | $ 72,000 |
| Grafton, New Hampshire | 1 | $ 252,000 | $ 252,000 | $ 225,000 |
| Bristol, Rhode Island | 1 | $ 382,000 | $ 382,000 | $ 170,000 |
| Washington, Rhode Island | 1 | $ 75,000 | $ 75,000 | $ 113,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2015
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 | 115 | $38,734,000 | $336,000 | $1,600,000 | $131,000 | $453,000 |
| Refinancing | 98 | $25,593,000 | $261,000 | $750,000 | $152,000 | $904,000 |
| Home Improvement | 19 | $5,697,000 | $299,000 | $1,100,000 | $123,000 | $306,000 |
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 | 185 | $51,894,000 | $280,000 | $925,000 | $147,000 | $904,000 |
| Not applicable | 12 | $8,676,000 | $723,000 | $1,600,000 | $0 | $0 |
| Asian | 12 | $2,879,000 | $239,000 | $650,000 | $176,000 | $513,000 |
| Not Provided | 8 | $2,502,000 | $312,000 | $417,000 | $160,000 | $289,000 |
| Hispanic | 7 | $2,259,000 | $322,000 | $620,000 | $125,000 | $225,000 |
| Black or African American | 5 | $1,305,000 | $261,000 | $387,000 | $88,000 | $143,000 |
| American Indian or Alaskan Native | 3 | $509,000 | $169,000 | $222,000 | $124,000 | $145,000 |
| 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) | 232 | $70,024,000 | $301,000 | $1,600,000 | $139,000 | $904,000 |
| 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 | 194 | $58,637,000 | $302,000 | $1,600,000 | $137,000 | $904,000 |
| Application Withdrawn By Applicant | 18 | $5,280,000 | $293,000 | $925,000 | $155,000 | $397,000 |
| Application Denied By Financial Institution | 10 | $2,845,000 | $284,000 | $620,000 | $98,000 | $250,000 |
| File Closed For Incompleteness | 8 | $2,045,000 | $255,000 | $551,000 | $165,000 | $302,000 |
| Application Approved But Not Accepted | 2 | $1,217,000 | $608,000 | $800,000 | $292,000 | $453,000 |
| 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 2015 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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