Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2009
In 2009, Stonehambank - A Co-Operative of Stoneham, MA reported 800 mortgage applications totaling $198.1 million, up 95% from 2008. The average application was for $247,625, and applicants reported an average income of $104,488. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (564), Peabody, MA (131) and Boston-Quincy, MA (50) (applications in parentheses).
| Mortgage Company & Address | Stonehambank - A Co-Operative 80 Montvale Ave Stoneham, MA 02180 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 800 |
| Total Mortgage Loan Application Amount | $198,100,000 |
| Average Mortgage Loan Application Amount | $247,625 |
| Highest Mortgage Loan Application Amount | $2,300,000 |
| Average Applicant Income | $104,488 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 564 | $ 139,978,000 | $ 248,187 | $ 102,000 |
| Essex, Massachusetts | 131 | $ 32,316,000 | $ 246,687 | $ 110,000 |
| Suffolk, Massachusetts | 32 | $ 9,112,000 | $ 284,750 | $ 140,000 |
| Norfolk, Massachusetts | 12 | $ 3,159,000 | $ 263,250 | $ 96,000 |
| Rockingham, New Hampshire | 12 | $ 2,895,000 | $ 241,250 | $ 101,000 |
| Worcester, Massachusetts | 10 | $ 1,801,000 | $ 180,100 | $ 85,000 |
| Barnstable, Massachusetts | 8 | $ 1,755,000 | $ 219,375 | $ 123,000 |
| Hillsborough, New Hampshire | 7 | $ 1,683,000 | $ 240,428 | $ 109,000 |
| Plymouth, Massachusetts | 6 | $ 1,276,000 | $ 212,666 | $ 65,000 |
| Carroll, New Hampshire | 3 | $ 921,000 | $ 307,000 | $ 203,000 |
| Bristol, Massachusetts | 2 | $ 300,000 | $ 150,000 | $ 73,000 |
| Hampden, Massachusetts | 1 | $ 291,000 | $ 291,000 | $ 123,000 |
| Belknap, New Hampshire | 1 | $ 244,000 | $ 244,000 | $ 0 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2009
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 | 608 | $149,195,000 | $245,000 | $2,300,000 | $103,000 | $1,314,000 |
| Home Purchase | 189 | $48,297,000 | $255,000 | $993,000 | $107,000 | $1,800,000 |
| Home Improvement | 3 | $608,000 | $202,000 | $500,000 | $248,000 | $354,000 |
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 | 671 | $162,417,000 | $242,000 | $1,000,000 | $106,000 | $1,314,000 |
| Not Provided | 70 | $17,471,000 | $249,000 | $993,000 | $125,000 | $1,800,000 |
| Not applicable | 18 | $7,916,000 | $439,000 | $2,300,000 | $0 | $0 |
| Asian | 18 | $4,570,000 | $253,000 | $374,000 | $85,000 | $172,000 |
| Hispanic | 13 | $2,582,000 | $198,000 | $372,000 | $81,000 | $146,000 |
| Black or African American | 7 | $2,537,000 | $362,000 | $850,000 | $87,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $607,000 | $202,000 | $236,000 | $108,000 | $141,000 |
| 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) | 715 | $173,418,000 | $242,000 | $2,300,000 | $106,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 80 | $23,306,000 | $291,000 | $568,000 | $89,000 | $268,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,376,000 | $275,000 | $511,000 | $86,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 672 | $161,742,000 | $240,000 | $2,300,000 | $103,000 | $1,314,000 |
| Application Denied By Financial Institution | 59 | $16,800,000 | $284,000 | $850,000 | $78,000 | $228,000 |
| Application Withdrawn By Applicant | 38 | $10,293,000 | $270,000 | $450,000 | $94,000 | $290,000 |
| Application Approved But Not Accepted | 19 | $5,242,000 | $275,000 | $500,000 | $140,000 | $414,000 |
| Preapproval Denied by Financial Institution | 9 | $1,966,000 | $218,000 | $417,000 | $64,000 | $148,000 |
| Loan Purchased By The Institution | 3 | $2,057,000 | $685,000 | $993,000 | $839,000 | $1,800,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 5 | $1,672,000 | $334,000 | $511,000 | $50,000 | $85,000 |
| Collateral | 5 | $1,180,000 | $236,000 | $336,000 | $76,000 | $104,000 |
| Other | 2 | $657,000 | $328,000 | $417,000 | $96,000 | $148,000 |
| Credit History | 1 | $265,000 | $265,000 | $265,000 | $77,000 | $77,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2009 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 Stonehambank - A Co-Operative'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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