Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2008
In 2008, Stonehambank - A Co-Operative of Stoneham, MA reported 411 mortgage applications totaling $117.1 million, up 4% from 2007. The average application was for $284,965, and applicants reported an average income of $104,878. 69% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (250), Peabody, MA (74) and Boston-Quincy, MA (42) (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 | 411 |
| Total Mortgage Loan Application Amount | $117,121,000 |
| Average Mortgage Loan Application Amount | $284,965 |
| Highest Mortgage Loan Application Amount | $1,850,000 |
| Average Applicant Income | $104,878 |
| Highest Applicant Income | $600,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 250 | $ 67,304,000 | $ 269,216 | $ 101,000 |
| Peabody, MA | 74 | $ 22,694,000 | $ 306,675 | $ 108,000 |
| Boston-Quincy, MA | 42 | $ 15,392,000 | $ 366,476 | $ 134,000 |
| Manchester-Nashua, NH | 8 | $ 1,853,000 | $ 231,625 | $ 99,000 |
| Rockingham County-Strafford County, NH | 5 | $ 1,437,000 | $ 287,400 | $ 126,000 |
| Worcester, MA | 4 | $ 1,504,000 | $ 376,000 | $ 193,000 |
| Barnstable Town, MA | 3 | $ 472,000 | $ 157,333 | $ 62,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 230,000 | $ 230,000 | $ 98,000 |
| Springfield, MA | 1 | $ 147,000 | $ 147,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2008
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 | 218 | $60,450,000 | $277,000 | $1,850,000 | $103,000 | $600,000 |
| Home Purchase | 187 | $55,229,000 | $295,000 | $1,271,000 | $107,000 | $466,000 |
| Home Improvement | 6 | $1,442,000 | $240,000 | $795,000 | $107,000 | $226,000 |
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 | 347 | $100,417,000 | $289,000 | $1,850,000 | $109,000 | $600,000 |
| Not Provided | 27 | $5,602,000 | $207,000 | $465,000 | $83,000 | $271,000 |
| Asian | 9 | $3,120,000 | $346,000 | $700,000 | $104,000 | $211,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,604,000 | $289,000 | $590,000 | $91,000 | $126,000 |
| Black or African American | 8 | $2,099,000 | $262,000 | $608,000 | $98,000 | $466,000 |
| Hispanic | 6 | $1,635,000 | $272,000 | $600,000 | $69,000 | $112,000 |
| Not applicable | 5 | $1,644,000 | $328,000 | $528,000 | $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) | 367 | $104,335,000 | $284,000 | $1,850,000 | $106,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 43 | $12,663,000 | $294,000 | $568,000 | $95,000 | $267,000 |
| VA-guaranteed (Veterans Administration) | 1 | $123,000 | $123,000 | $123,000 | $68,000 | $68,000 |
| 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 | 283 | $71,962,000 | $254,000 | $1,850,000 | $97,000 | $364,000 |
| Application Denied By Financial Institution | 38 | $11,218,000 | $295,000 | $700,000 | $97,000 | $266,000 |
| Application Approved But Not Accepted | 31 | $10,199,000 | $329,000 | $760,000 | $117,000 | $466,000 |
| Application Withdrawn By Applicant | 23 | $8,485,000 | $368,000 | $1,100,000 | $116,000 | $250,000 |
| Preapproval Denied by Financial Institution | 20 | $5,428,000 | $271,000 | $990,000 | $75,000 | $330,000 |
| Loan Purchased By The Institution | 16 | $9,829,000 | $614,000 | $1,271,000 | $261,000 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $115,000 | $115,000 | $115,000 | $75,000 | $75,000 |
| Debt-To-Income Ratio | 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2008 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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