Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2006
In 2006, Winchester Co-Operative Bank of Winchester, MA reported 248 mortgage applications totaling $68.7 million, down 12% from 2005. The average application was for $276,979, and applicants reported an average income of $113,322. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (189), Boston-Quincy, MA (23) and Essex County, MA (17) (applications in parentheses).
| Mortgage Company & Address | Winchester Co-Operative Bank 19 Church Street Winchester, MA 01890 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 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 248 |
| Total Mortgage Loan Application Amount | $68,691,000 |
| Average Mortgage Loan Application Amount | $276,979 |
| Highest Mortgage Loan Application Amount | $1,486,000 |
| Average Applicant Income | $113,322 |
| Highest Applicant Income | $866,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 189 | $ 53,411,000 | $ 282,597 | $ 109,000 |
| Essex, Massachusetts | 17 | $ 4,590,000 | $ 270,000 | $ 120,000 |
| Suffolk, Massachusetts | 11 | $ 2,734,000 | $ 248,545 | $ 171,000 |
| Norfolk, Massachusetts | 7 | $ 2,027,000 | $ 289,571 | $ 128,000 |
| Barnstable, Massachusetts | 5 | $ 1,484,000 | $ 296,800 | $ 124,000 |
| Plymouth, Massachusetts | 5 | $ 1,865,000 | $ 373,000 | $ 190,000 |
| Hillsborough, New Hampshire | 4 | $ 643,000 | $ 160,750 | $ 84,000 |
| Rockingham, New Hampshire | 3 | $ 814,000 | $ 271,333 | $ 91,000 |
| York, Maine | 2 | $ 225,000 | $ 112,500 | $ 69,000 |
| Worcester, Massachusetts | 2 | $ 375,000 | $ 187,500 | $ 65,000 |
| Bristol, Massachusetts | 1 | $ 290,000 | $ 290,000 | $ 76,000 |
| Grafton, New Hampshire | 1 | $ 114,000 | $ 114,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Winchester 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 118 | $45,215,000 | $383,000 | $1,486,000 | $128,000 | $866,000 |
| Refinancing | 66 | $12,348,000 | $187,000 | $572,000 | $100,000 | $570,000 |
| Home Improvement | 64 | $11,128,000 | $173,000 | $1,250,000 | $100,000 | $273,000 |
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 | 231 | $62,295,000 | $269,000 | $1,486,000 | $102,000 | $425,000 |
| Not Provided | 8 | $3,021,000 | $377,000 | $1,070,000 | $408,000 | $866,000 |
| Black or African American | 4 | $1,031,000 | $257,000 | $586,000 | $143,000 | $291,000 |
| Asian | 3 | $1,301,000 | $433,000 | $568,000 | $119,000 | $162,000 |
| Hispanic | 2 | $1,043,000 | $521,000 | $623,000 | $144,000 | $221,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 248 | $68,691,000 | $276,000 | $1,486,000 | $113,000 | $866,000 |
| 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 | 225 | $62,721,000 | $278,000 | $1,486,000 | $114,000 | $866,000 |
| Application Withdrawn By Applicant | 8 | $1,554,000 | $194,000 | $478,000 | $98,000 | $229,000 |
| Application Approved But Not Accepted | 6 | $1,551,000 | $258,000 | $450,000 | $74,000 | $123,000 |
| Application Denied By Financial Institution | 5 | $2,047,000 | $409,000 | $668,000 | $127,000 | $425,000 |
| File Closed For Incompleteness | 3 | $699,000 | $233,000 | $308,000 | $160,000 | $273,000 |
| Preapproval Denied by Financial Institution | 1 | $119,000 | $119,000 | $119,000 | $55,000 | $55,000 |
| 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 | 3 | $1,241,000 | $413,000 | $668,000 | $163,000 | $425,000 |
| Debt-To-Income Ratio | 2 | $806,000 | $403,000 | $486,000 | $73,000 | $74,000 |
| Other | 1 | $119,000 | $119,000 | $119,000 | $55,000 | $55,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Winchester 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 Winchester 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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