North Cambridge Co-Operative B Mortgage Lending & HMDA Data, 2016
In 2016, North Cambridge Co-Operative B of Cambridge, MA reported 25 mortgage applications totaling $10.3 million, up 47% from 2015. The average application was for $412,160, and applicants reported an average income of $235,800. 80% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (20) and Boston, MA (5).
| Mortgage Company & Address | North Cambridge Co-Operative B 2360 Massachusetts Avenue Cambridge, MA 02140 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 25 |
| Total Mortgage Loan Application Amount | $10,304,000 |
| Average Mortgage Loan Application Amount | $412,160 |
| Highest Mortgage Loan Application Amount | $1,260,000 |
| Average Applicant Income | $235,800 |
| Highest Applicant Income | $1,038,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records North Cambridge Co-Operative B filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 19 | $ 8,496,000 | $ 447,157 | $ 236,000 |
| Plymouth, Massachusetts | 2 | $ 600,000 | $ 300,000 | $ 483,000 |
| Suffolk, Massachusetts | 2 | $ 700,000 | $ 350,000 | $ 132,000 |
| Essex, Massachusetts | 1 | $ 200,000 | $ 200,000 | $ 96,000 |
| Norfolk, Massachusetts | 1 | $ 308,000 | $ 308,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for North Cambridge Co-Operative B in 2016
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 | 11 | $5,185,000 | $471,000 | $1,260,000 | $221,000 | $1,038,000 |
| Refinancing | 8 | $2,929,000 | $366,000 | $675,000 | $244,000 | $1,038,000 |
| Home Improvement | 6 | $2,190,000 | $365,000 | $800,000 | $252,000 | $966,000 |
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 | 21 | $8,922,000 | $424,000 | $1,260,000 | $257,000 | $1,038,000 |
| Not Provided | 2 | $700,000 | $350,000 | $500,000 | $169,000 | $242,000 |
| Black or African American | 2 | $682,000 | $341,000 | $397,000 | $78,000 | $93,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 25 | $10,304,000 | $412,000 | $1,260,000 | $236,000 | $1,038,000 |
| 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 | 20 | $8,587,000 | $429,000 | $1,260,000 | $237,000 | $1,038,000 |
| Application Denied By Financial Institution | 2 | $766,000 | $383,000 | $478,000 | $59,000 | $101,000 |
| Application Withdrawn By Applicant | 2 | $856,000 | $428,000 | $556,000 | $519,000 | $1,038,000 |
| File Closed For Incompleteness | 1 | $95,000 | $95,000 | $95,000 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 2 | $766,000 | $383,000 | $478,000 | $59,000 | $101,000 |
| 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 |
| 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 North Cambridge Co-Operative B's 2016 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 North Cambridge Co-Operative B'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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