Northampton Co-Operative Bank Mortgage Lending & HMDA Data, 2005
In 2005, Northampton Co-Operative Bank of Northampton, MA reported 140 mortgage applications totaling $24.5 million, up 30% from 2004. The average application was for $175,135, and applicants reported an average income of $83,757. 84% of its applications resulted in an originated loan and 7% were denied. Its largest market was Springfield, MA (140).
| Mortgage Company & Address | Northampton Co-Operative Bank 67 King Street Northampton, MA 01060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 140 |
| Total Mortgage Loan Application Amount | $24,519,000 |
| Average Mortgage Loan Application Amount | $175,135 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $83,757 |
| Highest Applicant Income | $449,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northampton Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hampshire, Massachusetts | 119 | $ 20,839,000 | $ 175,117 | $ 77,000 |
| Franklin, Massachusetts | 17 | $ 3,074,000 | $ 180,823 | $ 97,000 |
| Hampden, Massachusetts | 4 | $ 606,000 | $ 151,500 | $ 78,000 |
Mortgage Loan Application Detail Totals for Northampton Co-Operative Bank in 2005
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 | 66 | $11,305,000 | $171,000 | $450,000 | $87,000 | $449,000 |
| Home Purchase | 52 | $10,840,000 | $208,000 | $500,000 | $88,000 | $402,000 |
| Home Improvement | 22 | $2,374,000 | $107,000 | $300,000 | $64,000 | $198,000 |
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 | 137 | $24,038,000 | $175,000 | $500,000 | $86,000 | $449,000 |
| Asian | 1 | $219,000 | $219,000 | $219,000 | $53,000 | $53,000 |
| Black or African American | 1 | $157,000 | $157,000 | $157,000 | $72,000 | $72,000 |
| Hispanic | 1 | $105,000 | $105,000 | $105,000 | $32,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 140 | $24,519,000 | $175,000 | $500,000 | $82,000 | $449,000 |
| 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 | 118 | $19,788,000 | $167,000 | $450,000 | $81,000 | $449,000 |
| Application Denied By Financial Institution | 10 | $1,878,000 | $187,000 | $375,000 | $62,000 | $138,000 |
| Application Withdrawn By Applicant | 7 | $1,676,000 | $239,000 | $500,000 | $117,000 | $402,000 |
| Application Approved But Not Accepted | 3 | $842,000 | $280,000 | $451,000 | $81,000 | $145,000 |
| File Closed For Incompleteness | 2 | $335,000 | $167,000 | $187,000 | $43,000 | $86,000 |
| 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 | 7 | $1,464,000 | $209,000 | $375,000 | $52,000 | $138,000 |
| Credit History | 3 | $414,000 | $138,000 | $189,000 | $72,000 | $107,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Northampton Co-Operative Bank's 2005 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 Northampton 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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