Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2017
In 2017, Mansfield Co-Operative Bank of Mansfield, MA reported 220 mortgage applications totaling $81.0 million, down 31% from 2016. The average application was for $368,140, and applicants reported an average income of $143,854. 86% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Providence-Warwick, RI-MA (117), Boston, MA (73) and Cambridge-Newton-Framingham, MA (16) (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 | 220 |
| Total Mortgage Loan Application Amount | $80,991,000 |
| Average Mortgage Loan Application Amount | $368,140 |
| Highest Mortgage Loan Application Amount | $2,530,000 |
| Average Applicant Income | $143,854 |
| Highest Applicant Income | $1,147,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 110 | $ 31,609,000 | $ 287,354 | $ 130,000 |
| Norfolk, Massachusetts | 37 | $ 13,806,000 | $ 373,135 | $ 157,000 |
| Plymouth, Massachusetts | 21 | $ 6,487,000 | $ 308,904 | $ 122,000 |
| Suffolk, Massachusetts | 15 | $ 10,613,000 | $ 707,533 | $ 152,000 |
| Middlesex, Massachusetts | 13 | $ 9,429,000 | $ 725,307 | $ 169,000 |
| Barnstable, Massachusetts | 6 | $ 1,918,000 | $ 319,666 | $ 153,000 |
| Worcester, Massachusetts | 6 | $ 2,027,000 | $ 337,833 | $ 141,000 |
| Providence, Rhode Island | 5 | $ 1,389,000 | $ 277,800 | $ 69,000 |
| Essex, Massachusetts | 3 | $ 1,260,000 | $ 420,000 | $ 155,000 |
| Dukes, Massachusetts | 2 | $ 1,683,000 | $ 841,500 | $ 686,000 |
| Washington, Rhode Island | 2 | $ 770,000 | $ 385,000 | $ 263,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2017
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 | 103 | $40,123,000 | $389,000 | $1,075,000 | $153,000 | $1,147,000 |
| Refinancing | 83 | $30,442,000 | $366,000 | $2,530,000 | $139,000 | $593,000 |
| Home Improvement | 34 | $10,426,000 | $306,000 | $1,290,000 | $128,000 | $497,000 |
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 | 166 | $55,402,000 | $333,000 | $1,100,000 | $155,000 | $1,147,000 |
| Not Provided | 22 | $7,473,000 | $339,000 | $1,290,000 | $134,000 | $324,000 |
| Not applicable | 13 | $9,689,000 | $745,000 | $2,530,000 | $0 | $0 |
| Asian | 10 | $5,059,000 | $505,000 | $1,000,000 | $176,000 | $395,000 |
| Hispanic | 6 | $2,494,000 | $415,000 | $700,000 | $154,000 | $252,000 |
| Black or African American | 2 | $704,000 | $352,000 | $361,000 | $82,000 | $85,000 |
| American Indian or Alaskan Native | 1 | $170,000 | $170,000 | $170,000 | $40,000 | $40,000 |
| 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) | 220 | $80,991,000 | $368,000 | $2,530,000 | $144,000 | $1,147,000 |
| 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 | 190 | $68,793,000 | $362,000 | $2,530,000 | $144,000 | $1,147,000 |
| Application Withdrawn By Applicant | 19 | $8,153,000 | $429,000 | $1,051,000 | $132,000 | $248,000 |
| File Closed For Incompleteness | 8 | $2,737,000 | $342,000 | $828,000 | $152,000 | $429,000 |
| Application Approved But Not Accepted | 3 | $1,308,000 | $436,000 | $543,000 | $187,000 | $268,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2017 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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