Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2011
In 2011, Walpole Co-Operative Bank of Walpole, MA reported 181 mortgage applications totaling $72.5 million. The average application was for $400,430, and applicants reported an average income of $98,773. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Boston-Quincy, MA (147), Providence-New Bedford-Fall River, RI-MA (19) and Cambridge-Newton-Framingham, MA (9) (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 | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 181 |
| Total Mortgage Loan Application Amount | $72,478,000 |
| Average Mortgage Loan Application Amount | $400,430 |
| Highest Mortgage Loan Application Amount | $10,535,000 |
| Average Applicant Income | $98,773 |
| Highest Applicant Income | $1,019,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 126 | $ 39,160,000 | $ 310,793 | $ 100,000 |
| Bristol, Massachusetts | 18 | $ 3,840,000 | $ 213,333 | $ 81,000 |
| Suffolk, Massachusetts | 18 | $ 21,782,000 | $ 1,210,111 | $ 10,000 |
| Middlesex, Massachusetts | 9 | $ 5,583,000 | $ 620,333 | $ 166,000 |
| Barnstable, Massachusetts | 3 | $ 571,000 | $ 190,333 | $ 458,000 |
| Plymouth, Massachusetts | 3 | $ 678,000 | $ 226,000 | $ 90,000 |
| Worcester, Massachusetts | 2 | $ 377,000 | $ 188,500 | $ 205,000 |
| Carroll, New Hampshire | 1 | $ 250,000 | $ 250,000 | $ 182,000 |
| Providence, Rhode Island | 1 | $ 237,000 | $ 237,000 | $ 0 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2011
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 | 91 | $25,443,000 | $279,000 | $1,775,000 | $110,000 | $1,019,000 |
| Home Purchase | 73 | $42,469,000 | $581,000 | $10,535,000 | $64,000 | $345,000 |
| Home Improvement | 17 | $4,566,000 | $268,000 | $850,000 | $188,000 | $1,019,000 |
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 | 97 | $24,076,000 | $248,000 | $1,400,000 | $125,000 | $1,019,000 |
| Not applicable | 55 | $41,340,000 | $751,000 | $10,535,000 | $42,000 | $1,019,000 |
| Not Provided | 27 | $6,543,000 | $242,000 | $500,000 | $123,000 | $345,000 |
| Hispanic | 2 | $519,000 | $259,000 | $267,000 | $62,000 | $62,000 |
| 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 |
| Black or African American | 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) | 181 | $72,478,000 | $400,000 | $10,535,000 | $99,000 | $1,019,000 |
| 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 | 137 | $60,554,000 | $442,000 | $10,535,000 | $94,000 | $1,019,000 |
| File Closed For Incompleteness | 19 | $4,375,000 | $230,000 | $540,000 | $90,000 | $345,000 |
| Application Denied By Financial Institution | 13 | $3,596,000 | $276,000 | $550,000 | $166,000 | $1,019,000 |
| Application Withdrawn By Applicant | 9 | $3,212,000 | $356,000 | $1,400,000 | $93,000 | $239,000 |
| Application Approved But Not Accepted | 3 | $741,000 | $247,000 | $296,000 | $132,000 | $223,000 |
| 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 | 6 | $1,566,000 | $261,000 | $417,000 | $61,000 | $161,000 |
| Credit History | 3 | $706,000 | $235,000 | $280,000 | $147,000 | $200,000 |
| Collateral | 1 | $196,000 | $196,000 | $196,000 | $130,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $326,000 | $326,000 | $326,000 | $137,000 | $137,000 |
| Mortgage Insurance Denied | 1 | $252,000 | $252,000 | $252,000 | $62,000 | $62,000 |
| Other | 1 | $550,000 | $550,000 | $550,000 | $1,019,000 | $1,019,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank's 2011 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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