Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2019
In 2019, Mansfield Co-Operative Bank of Mansfield, MA reported 174 mortgage applications totaling $70.7 million, down 27% from 2018. The average application was for $406,149, and applicants reported an average income of $175,208. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Providence-Warwick, RI-MA (96), Boston, MA (66) and Cambridge-Newton-Framingham, MA (7) (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 | 174 |
| Total Mortgage Loan Application Amount | $70,670,000 |
| Average Mortgage Loan Application Amount | $406,149 |
| Highest Mortgage Loan Application Amount | $1,915,000 |
| Average Applicant Income | $175,208 |
| Highest Applicant Income | $977,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 89 | $ 30,145,000 | $ 338,707 | $ 166,000 |
| Norfolk, Massachusetts | 28 | $ 10,330,000 | $ 368,928 | $ 180,000 |
| Plymouth, Massachusetts | 19 | $ 7,285,000 | $ 383,421 | $ 117,000 |
| Suffolk, Massachusetts | 19 | $ 13,855,000 | $ 729,210 | $ 163,000 |
| Middlesex, Massachusetts | 6 | $ 4,110,000 | $ 685,000 | $ 239,000 |
| Providence, Rhode Island | 6 | $ 2,210,000 | $ 368,333 | $ 216,000 |
| Barnstable, Massachusetts | 5 | $ 1,595,000 | $ 319,000 | $ 210,000 |
| Essex, Massachusetts | 1 | $ 235,000 | $ 235,000 | $ 49,000 |
| Washington, Rhode Island | 1 | $ 905,000 | $ 905,000 | $ 553,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2019
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 | 64 | $23,700,000 | $370,000 | $1,325,000 | $134,000 | $474,000 |
| Cash-out Refinancing | 62 | $22,910,000 | $369,000 | $1,505,000 | $168,000 | $553,000 |
| Refinancing | 40 | $18,910,000 | $472,000 | $1,915,000 | $252,000 | $977,000 |
| Home Improvement | 7 | $4,875,000 | $696,000 | $1,785,000 | $177,000 | $264,000 |
| Other Purpose | 1 | $275,000 | $275,000 | $275,000 | $0 | $0 |
| Not Applicable | 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 | 138 | $48,990,000 | $355,000 | $1,505,000 | $174,000 | $977,000 |
| Not applicable | 17 | $13,845,000 | $814,000 | $1,915,000 | $0 | $0 |
| Not Provided | 8 | $3,310,000 | $413,000 | $925,000 | $139,000 | $212,000 |
| Black or African American | 8 | $3,460,000 | $432,000 | $735,000 | $162,000 | $525,000 |
| Asian | 3 | $1,065,000 | $355,000 | $395,000 | $102,000 | $153,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 174 | $70,670,000 | $406,000 | $1,915,000 | $170,000 | $977,000 |
| 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 | 141 | $58,365,000 | $413,000 | $1,915,000 | $180,000 | $977,000 |
| Application Withdrawn By Applicant | 21 | $6,775,000 | $322,000 | $725,000 | $127,000 | $247,000 |
| Application Denied By Financial Institution | 7 | $2,885,000 | $412,000 | $925,000 | $118,000 | $240,000 |
| Application Approved But Not Accepted | 5 | $2,645,000 | $529,000 | $1,325,000 | $168,000 | $337,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 174 | $70,670,000 | $406,000 | $1,915,000 | $170,000 | $977,000 |
| 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 |
| Not applicable | 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 2019 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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