Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2003
In 2003, Walpole Co-Operative Bank of Walpole, MA reported 191 mortgage applications totaling $35.4 million. The average application was for $185,434, and applicants reported an average income of $78,523. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston, MA-NH (171), Barnstable-Yarmouth, MA (4) and Providence-Fall River-Warwick, RI-MA (2) (applications in parentheses).
| Mortgage Company & Address | Walpole Co-Operative Bank 982 Main Street Walpole, MA 02081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 191 |
| Total Mortgage Loan Application Amount | $35,418,000 |
| Average Mortgage Loan Application Amount | $185,434 |
| Highest Mortgage Loan Application Amount | $990,000 |
| Average Applicant Income | $78,523 |
| Highest Applicant Income | $563,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Norfolk, Massachusetts | 155 | $ 29,204,000 | $ 188,412 | $ 64,000 |
| Bristol, Massachusetts | 20 | $ 2,862,000 | $ 143,100 | $ 74,000 |
| Barnstable, Massachusetts | 7 | $ 1,737,000 | $ 248,142 | $ 120,000 |
| Middlesex, Massachusetts | 5 | $ 1,032,000 | $ 206,400 | $ 109,000 |
| Worcester, Massachusetts | 2 | $ 353,000 | $ 176,500 | $ 78,000 |
| Providence, Rhode Island | 2 | $ 230,000 | $ 115,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 162 | $27,411,000 | $134,500 | $510,000 | $59,000 | $563,000 |
| Home Purchase (one-to-four family) | 26 | $6,941,000 | $201,000 | $600,000 | $156,000 | $257,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $1,066,000 | $355,000 | $990,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 185 | $33,111,000 | $147,000 | $600,000 | $110,000 | $563,000 |
| Not applicable | 4 | $1,866,000 | $466,000 | $990,000 | $0 | $0 |
| Asian or Pacific Islander | 2 | $441,000 | $220,000 | $301,000 | $58,000 | $85,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 191 | $35,418,000 | $150,500 | $990,000 | $104,000 | $563,000 |
| 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 | 170 | $31,307,000 | $149,500 | $990,000 | $102,000 | $563,000 |
| Application Approved But Not Accepted | 7 | $1,244,000 | $177,000 | $304,000 | $88,000 | $190,000 |
| Application Withdrawn By Applicant | 7 | $1,112,000 | $158,000 | $250,000 | $133,000 | $295,000 |
| Application Denied By Financial Institution | 6 | $1,632,000 | $272,000 | $600,000 | $58,000 | $128,000 |
| File Closed For Incompleteness | 1 | $123,000 | $123,000 | $123,000 | $71,000 | $71,000 |
| Loan Purchased By The 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 | 3 | $1,102,000 | $367,000 | $600,000 | $59,000 | $128,000 |
| Credit History | 2 | $497,000 | $248,000 | $307,000 | $87,000 | $88,000 |
| Employment History | 1 | $33,000 | $33,000 | $33,000 | $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 Walpole Co-Operative Bank's 2003 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 Walpole 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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