Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2005
In 2005, Stonehambank - A Co-Operative of Stoneham, MA reported 507 mortgage applications totaling $108.9 million, down 13% from 2004. The average application was for $214,887, and applicants reported an average income of $76,777. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (319), Essex County, MA (81) and Boston-Quincy, MA (23) (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 | 507 |
| Total Mortgage Loan Application Amount | $108,948,000 |
| Average Mortgage Loan Application Amount | $214,887 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $76,777 |
| Highest Applicant Income | $546,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative 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 | 272 | $60,888,000 | $222,500 | $500,000 | $112,500 | $500,000 |
| Home Purchase | 232 | $47,988,000 | $184,000 | $700,000 | $75,666 | $546,000 |
| Home Improvement | 3 | $72,000 | $24,000 | $40,000 | $98,000 | $169,000 |
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 | 474 | $101,304,000 | $199,666 | $700,000 | $83,666 | $546,000 |
| Not Provided | 11 | $2,779,000 | $233,000 | $440,000 | $43,666 | $87,000 |
| Asian | 10 | $2,071,000 | $185,666 | $448,000 | $95,000 | $192,000 |
| Hispanic | 7 | $1,719,000 | $235,000 | $374,000 | $61,000 | $114,000 |
| Black or African American | 3 | $825,000 | $322,500 | $465,000 | $37,000 | $55,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $250,000 | $125,000 | $150,000 | $58,000 | $88,000 |
| Not applicable | 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) | 502 | $107,627,000 | $197,666 | $700,000 | $83,333 | $546,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,321,000 | $264,000 | $374,000 | $76,000 | $96,000 |
| 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 | 400 | $84,355,000 | $194,000 | $700,000 | $110,000 | $546,000 |
| Preapproval Denied by Financial Institution | 39 | $7,887,000 | $202,000 | $600,000 | $47,000 | $109,000 |
| Application Approved But Not Accepted | 30 | $7,861,000 | $262,000 | $456,000 | $72,000 | $138,000 |
| Application Denied By Financial Institution | 25 | $6,114,000 | $194,500 | $465,000 | $67,000 | $192,000 |
| Application Withdrawn By Applicant | 13 | $2,731,000 | $235,000 | $350,000 | $58,500 | $194,000 |
| File Closed For Incompleteness | 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 |
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 | 16 | $4,073,000 | $254,000 | $600,000 | $84,500 | $192,000 |
| Debt-To-Income Ratio | 8 | $1,906,000 | $290,000 | $380,000 | $69,500 | $88,000 |
| Other | 5 | $1,607,000 | $309,500 | $450,000 | $28,500 | $114,000 |
| Collateral | 2 | $118,000 | $59,000 | $105,000 | $115,000 | $115,000 |
| Employment History | 1 | $223,000 | $223,000 | $223,000 | $58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative'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 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.
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