Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2017
In 2017, Walpole Co-Operative Bank of Walpole, MA reported 132 mortgage applications totaling $61.1 million, down 16% from 2016. The average application was for $463,196, and applicants reported an average income of $98,439. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Boston, MA (84), Cambridge-Newton-Framingham, MA (21) and Providence-Warwick, 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 | 132 |
| Total Mortgage Loan Application Amount | $61,142,000 |
| Average Mortgage Loan Application Amount | $463,196 |
| Highest Mortgage Loan Application Amount | $3,713,000 |
| Average Applicant Income | $98,439 |
| Highest Applicant Income | $939,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, MA | 84 | $ 41,991,000 | $ 499,892 | $ 113,000 |
| Cambridge-Newton-Framingham, MA | 21 | $ 9,798,000 | $ 466,571 | $ 37,000 |
| Providence-Warwick, RI-MA | 16 | $ 5,507,000 | $ 344,187 | $ 63,250 |
| Barnstable Town, MA | 6 | $ 1,870,000 | $ 311,666 | $ 199,000 |
| Worcester, MA-CT | 1 | $ 455,000 | $ 455,000 | $ 278,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2017
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 68 | $36,139,000 | $531,000 | $3,713,000 | $82,000 | $616,000 |
| Home Improvement | 35 | $13,419,000 | $383,000 | $1,520,000 | $115,000 | $662,000 |
| Refinancing | 29 | $11,584,000 | $399,000 | $1,200,000 | $117,000 | $939,000 |
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 | 62 | $25,092,000 | $404,000 | $1,550,000 | $178,000 | $939,000 |
| Not applicable | 60 | $32,508,000 | $541,000 | $3,713,000 | $5,000 | $151,000 |
| Not Provided | 9 | $3,042,000 | $338,000 | $694,000 | $182,000 | $439,000 |
| Asian | 1 | $500,000 | $500,000 | $500,000 | $117,000 | $117,000 |
| 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) | 132 | $61,142,000 | $463,000 | $3,713,000 | $99,000 | $939,000 |
| 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 | 106 | $50,151,000 | $473,000 | $3,713,000 | $89,000 | $939,000 |
| Application Withdrawn By Applicant | 8 | $4,893,000 | $611,000 | $1,250,000 | $197,000 | $437,000 |
| Application Denied By Financial Institution | 7 | $3,101,000 | $443,000 | $1,550,000 | $94,000 | $439,000 |
| Application Approved But Not Accepted | 5 | $1,173,000 | $234,000 | $303,000 | $184,000 | $616,000 |
| Preapproval Denied by Financial Institution | 4 | $1,521,000 | $380,000 | $500,000 | $67,000 | $117,000 |
| File Closed For Incompleteness | 2 | $303,000 | $151,000 | $220,000 | $93,000 | $126,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank's 2017 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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