Mansfield Co-Operative Bank Mortgage Lending & HMDA Data, 2020
In 2020, Mansfield Co-Operative Bank of Mansfield, MA reported 229 mortgage applications totaling $90.7 million, up 32% from 2019. The average application was for $395,917, and applicants reported an average income of $161,860. 86% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Providence-Warwick, RI-MA (133), Boston, MA (56) and Cambridge-Newton-Framingham, MA (22) (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 | 229 |
| Total Mortgage Loan Application Amount | $90,665,000 |
| Average Mortgage Loan Application Amount | $395,917 |
| Highest Mortgage Loan Application Amount | $7,705,000 |
| Average Applicant Income | $161,860 |
| Highest Applicant Income | $656,000 |
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records Mansfield Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence-Warwick, RI-MA | 133 | $ 44,465,000 | $ 334,323 | $ 149,180 |
| Boston, MA | 56 | $ 31,230,000 | $ 557,678 | $ 166,000 |
| Cambridge-Newton-Framingham, MA | 22 | $ 9,590,000 | $ 435,909 | $ 183,000 |
| Barnstable Town, MA | 11 | $ 3,305,000 | $ 300,454 | $ 257,000 |
| Worcester, MA-CT | 6 | $ 1,780,000 | $ 296,666 | $ 145,000 |
| Springfield, MA | 1 | $ 295,000 | $ 295,000 | $ 144,000 |
Mortgage Loan Application Detail Totals for Mansfield Co-Operative Bank in 2020
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 | 118 | $51,760,000 | $438,000 | $7,705,000 | $171,000 | $487,000 |
| Cash-out Refinancing | 85 | $27,445,000 | $322,000 | $1,205,000 | $158,000 | $656,000 |
| Home Purchase | 26 | $11,460,000 | $440,000 | $1,765,000 | $133,000 | $466,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 191 | $61,155,000 | $320,000 | $1,205,000 | $160,000 | $656,000 |
| Not applicable | 12 | $18,920,000 | $1,576,000 | $7,705,000 | $0 | $0 |
| Asian | 8 | $2,940,000 | $367,000 | $505,000 | $160,000 | $220,000 |
| Not Provided | 5 | $3,075,000 | $615,000 | $1,765,000 | $247,000 | $466,000 |
| Hispanic | 4 | $1,160,000 | $290,000 | $505,000 | $169,000 | $236,000 |
| Black or African American | 3 | $1,245,000 | $415,000 | $735,000 | $136,000 | $270,000 |
| 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) | 229 | $90,665,000 | $395,000 | $7,705,000 | $162,000 | $656,000 |
| 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 | 197 | $80,675,000 | $409,000 | $7,705,000 | $163,000 | $656,000 |
| Application Withdrawn By Applicant | 23 | $6,905,000 | $300,000 | $665,000 | $165,000 | $334,000 |
| Application Denied By Financial Institution | 4 | $1,170,000 | $292,000 | $505,000 | $70,000 | $111,000 |
| File Closed For Incompleteness | 3 | $915,000 | $305,000 | $365,000 | $135,000 | $208,000 |
| Application Approved But Not Accepted | 2 | $1,000,000 | $500,000 | $505,000 | $212,000 | $280,000 |
| 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 | 229 | $90,665,000 | $395,000 | $7,705,000 | $162,000 | $656,000 |
| 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 2020 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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