Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2012
In 2012, Walpole Co-Operative Bank of Walpole, MA reported 235 mortgage applications totaling $84.7 million, up 30% from 2011. The average application was for $360,302, and applicants reported an average income of $95,927. 82% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Boston-Quincy, MA (187), Cambridge-Newton-Framingham, MA (17) and Providence-New Bedford-Fall River, RI-MA (16) (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 | 235 |
| Total Mortgage Loan Application Amount | $84,671,000 |
| Average Mortgage Loan Application Amount | $360,302 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $95,927 |
| Highest Applicant Income | $767,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 161 | $ 46,139,000 | $ 286,577 | $ 103,000 |
| Suffolk, Massachusetts | 18 | $ 19,745,000 | $ 1,096,944 | $ 11,000 |
| Middlesex, Massachusetts | 17 | $ 9,692,000 | $ 570,117 | $ 144,000 |
| Bristol, Massachusetts | 16 | $ 3,582,000 | $ 223,875 | $ 55,000 |
| Barnstable, Massachusetts | 8 | $ 1,776,000 | $ 222,000 | $ 178,000 |
| Plymouth, Massachusetts | 8 | $ 2,124,000 | $ 265,500 | $ 89,000 |
| Worcester, Massachusetts | 4 | $ 730,000 | $ 182,500 | $ 34,000 |
| Essex, Massachusetts | 1 | $ 375,000 | $ 375,000 | $ 0 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank 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 | 150 | $45,709,000 | $304,000 | $3,800,000 | $108,000 | $767,000 |
| Home Purchase | 64 | $29,963,000 | $468,000 | $3,000,000 | $64,000 | $462,000 |
| Home Improvement | 21 | $8,999,000 | $428,000 | $2,309,000 | $107,000 | $412,000 |
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 | 148 | $36,574,000 | $247,000 | $1,550,000 | $120,000 | $657,000 |
| Not applicable | 63 | $41,975,000 | $666,000 | $3,800,000 | $36,000 | $767,000 |
| Not Provided | 21 | $4,923,000 | $234,000 | $530,000 | $103,000 | $254,000 |
| Asian | 3 | $1,199,000 | $399,000 | $600,000 | $117,000 | $226,000 |
| 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 |
| 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) | 235 | $84,671,000 | $360,000 | $3,800,000 | $96,000 | $767,000 |
| 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 | 193 | $73,906,000 | $382,000 | $3,800,000 | $96,000 | $767,000 |
| Application Denied By Financial Institution | 23 | $6,315,000 | $274,000 | $600,000 | $108,000 | $392,000 |
| File Closed For Incompleteness | 14 | $3,427,000 | $244,000 | $500,000 | $82,000 | $253,000 |
| Application Withdrawn By Applicant | 3 | $515,000 | $171,000 | $230,000 | $65,000 | $84,000 |
| Preapproval Denied by Financial Institution | 2 | $508,000 | $254,000 | $400,000 | $75,000 | $114,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $1,915,000 | $239,000 | $400,000 | $91,000 | $138,000 |
| Debt-To-Income Ratio | 8 | $1,768,000 | $221,000 | $287,000 | $77,000 | $204,000 |
| Collateral | 5 | $1,634,000 | $326,000 | $465,000 | $164,000 | $392,000 |
| Other | 2 | $690,000 | $345,000 | $429,000 | $120,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $216,000 | $216,000 | $216,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $600,000 | $600,000 | $600,000 | $226,000 | $226,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank'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 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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