Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2005
In 2005, Walpole Co-Operative Bank of Walpole, MA reported 70 mortgage applications totaling $21.9 million, down 32% from 2004. The average application was for $312,385, and applicants reported an average income of $98,771. 73% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Boston-Quincy, MA (48) and Barnstable Town, MA (3).
| 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 | 70 |
| Total Mortgage Loan Application Amount | $21,867,000 |
| Average Mortgage Loan Application Amount | $312,385 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $98,771 |
| Highest Applicant Income | $817,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston-Quincy, MA | 48 | $ 16,905,000 | $ 352,187 | $ 99,000 |
| Barnstable Town, MA | 3 | $ 742,000 | $ 247,333 | $ 145,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank 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 | 35 | $12,241,000 | $349,000 | $4,000,000 | $111,000 | $300,000 |
| Home Purchase | 32 | $8,811,000 | $267,500 | $1,250,000 | $80,500 | $817,000 |
| Home Improvement | 3 | $815,000 | $271,000 | $350,000 | $83,000 | $115,000 |
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 | 63 | $15,278,000 | $240,500 | $1,300,000 | $83,500 | $817,000 |
| Not applicable | 5 | $5,105,000 | $1,021,000 | $4,000,000 | $79,000 | $237,000 |
| Not Provided | 1 | $234,000 | $234,000 | $234,000 | $117,000 | $117,000 |
| Black or African American | 1 | $1,250,000 | $1,250,000 | $1,250,000 | $105,000 | $105,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 70 | $21,867,000 | $282,500 | $4,000,000 | $80,500 | $817,000 |
| 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 | 51 | $15,273,000 | $299,000 | $4,000,000 | $109,000 | $817,000 |
| Preapproval Approved but not Accepted | 10 | $2,145,000 | $163,500 | $360,000 | $69,000 | $150,000 |
| Application Withdrawn By Applicant | 4 | $1,966,000 | $376,500 | $1,300,000 | $75,000 | $300,000 |
| File Closed For Incompleteness | 3 | $1,741,000 | $503,000 | $1,250,000 | $57,000 | $105,000 |
| Application Denied By Financial Institution | 1 | $342,000 | $342,000 | $342,000 | $92,000 | $92,000 |
| Preapproval Denied by Financial Institution | 1 | $400,000 | $400,000 | $400,000 | $108,000 | $108,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $400,000 | $400,000 | $400,000 | $108,000 | $108,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank'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 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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