Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2012
In 2012, Stonehambank - A Co-Operative of Stoneham, MA reported 1,091 mortgage applications totaling $267.9 million, up 62% from 2011. The average application was for $245,574, and applicants reported an average income of $99,551. 80% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (706), Peabody, MA (210) and Boston-Quincy, MA (101) (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 | 1,091 |
| Total Mortgage Loan Application Amount | $267,922,000 |
| Average Mortgage Loan Application Amount | $245,574 |
| Highest Mortgage Loan Application Amount | $2,110,000 |
| Average Applicant Income | $99,551 |
| Highest Applicant Income | $1,337,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 756 | $184,219,000 | $243,000 | $2,110,000 | $106,000 | $1,337,000 |
| Home Purchase | 311 | $79,527,000 | $255,000 | $1,338,000 | $85,000 | $358,000 |
| Home Improvement | 24 | $4,176,000 | $174,000 | $289,000 | $85,000 | $167,000 |
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 | 951 | $227,434,000 | $239,000 | $1,463,000 | $104,000 | $1,337,000 |
| Not applicable | 37 | $14,967,000 | $404,000 | $2,110,000 | $0 | $0 |
| Asian | 36 | $9,689,000 | $269,000 | $670,000 | $116,000 | $340,000 |
| Not Provided | 29 | $7,517,000 | $259,000 | $500,000 | $126,000 | $355,000 |
| Hispanic | 26 | $5,325,000 | $204,000 | $401,000 | $69,000 | $215,000 |
| Black or African American | 11 | $2,915,000 | $265,000 | $392,000 | $69,000 | $84,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $128,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 996 | $243,231,000 | $244,000 | $2,110,000 | $103,000 | $1,337,000 |
| FHA-insured (Federal Housing Administration) | 79 | $20,280,000 | $256,000 | $530,000 | $72,000 | $250,000 |
| VA-guaranteed (Veterans Administration) | 16 | $4,411,000 | $275,000 | $383,000 | $40,000 | $108,000 |
| 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 | 871 | $214,121,000 | $245,000 | $2,110,000 | $102,000 | $1,337,000 |
| Application Denied By Financial Institution | 93 | $23,752,000 | $255,000 | $620,000 | $80,000 | $333,000 |
| Application Withdrawn By Applicant | 92 | $21,345,000 | $232,000 | $1,338,000 | $95,000 | $273,000 |
| File Closed For Incompleteness | 22 | $5,853,000 | $266,000 | $470,000 | $105,000 | $189,000 |
| Application Approved But Not Accepted | 13 | $2,851,000 | $219,000 | $417,000 | $122,000 | $468,000 |
| 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 | 20 | $4,960,000 | $248,000 | $417,000 | $63,000 | $150,000 |
| Other | 18 | $5,878,000 | $326,000 | $620,000 | $106,000 | $333,000 |
| Credit History | 17 | $3,746,000 | $220,000 | $400,000 | $75,000 | $132,000 |
| Collateral | 14 | $3,624,000 | $258,000 | $503,000 | $114,000 | $246,000 |
| Credit Application Incomplete | 11 | $2,198,000 | $199,000 | $436,000 | $73,000 | $131,000 |
| Employment History | 4 | $1,083,000 | $270,000 | $404,000 | $65,000 | $126,000 |
| Unverifiable Information | 2 | $661,000 | $330,000 | $367,000 | $81,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $330,000 | $330,000 | $330,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2012 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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