Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2006
In 2006, Walpole Co-Operative Bank of Walpole, MA reported 61 mortgage applications totaling $13.9 million, down 13% from 2005. The average application was for $227,770, and applicants reported an average income of $103,836. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Boston-Quincy, MA (45), Providence-New Bedford-Fall River, RI-MA (6) and Barnstable Town, MA (1) (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 | 61 |
| Total Mortgage Loan Application Amount | $13,894,000 |
| Average Mortgage Loan Application Amount | $227,770 |
| Highest Mortgage Loan Application Amount | $928,000 |
| Average Applicant Income | $103,836 |
| Highest Applicant Income | $958,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 45 | $ 10,415,000 | $ 231,444 | $ 122,000 |
| Providence-New Bedford-Fall River, RI-MA | 6 | $ 1,429,000 | $ 238,166 | $ 37,000 |
| Barnstable Town, MA | 1 | $ 195,000 | $ 195,000 | $ 109,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 157,000 | $ 157,000 | $ 8,000 |
| Essex County, MA | 1 | $ 211,000 | $ 211,000 | $ 114,000 |
| Worcester, MA | 1 | $ 371,000 | $ 371,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2006
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 | 29 | $5,642,000 | $194,000 | $417,000 | $135,000 | $958,000 |
| Home Purchase | 21 | $4,251,000 | $202,000 | $500,000 | $67,000 | $154,000 |
| Home Improvement | 11 | $4,001,000 | $363,000 | $928,000 | $92,000 | $224,000 |
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 | 56 | $12,026,000 | $214,000 | $500,000 | $112,000 | $958,000 |
| Not applicable | 5 | $1,868,000 | $373,000 | $928,000 | $12,000 | $61,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 61 | $13,894,000 | $227,000 | $928,000 | $104,000 | $958,000 |
| 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 | 44 | $10,373,000 | $235,000 | $928,000 | $120,000 | $958,000 |
| Preapproval Approved but not Accepted | 6 | $1,116,000 | $186,000 | $225,000 | $55,000 | $84,000 |
| Application Approved But Not Accepted | 5 | $1,036,000 | $207,000 | $417,000 | $68,000 | $116,000 |
| Application Denied By Financial Institution | 4 | $889,000 | $222,000 | $371,000 | $69,000 | $89,000 |
| File Closed For Incompleteness | 2 | $480,000 | $240,000 | $300,000 | $65,000 | $87,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $421,000 | $210,000 | $371,000 | $88,000 | $89,000 |
| Debt-To-Income Ratio | 2 | $468,000 | $234,000 | $330,000 | $50,000 | $63,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank's 2006 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About