Wrentham Co-Operative Bank Mortgage Lending & HMDA Data, 2016
In 2016, Wrentham Co-Operative Bank of Wrentham, MA reported 107 mortgage applications totaling $18.4 million, down 18% from 2015. The average application was for $172,242, and applicants reported an average income of $154,738. 84% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Boston, MA (76), Providence-Warwick, RI-MA (16) and Cambridge-Newton-Framingham, MA (8) (applications in parentheses).
| Mortgage Company & Address | Wrentham Co-Operative Bank 102 South Street Wrentham, MA 02093 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 107 |
| Total Mortgage Loan Application Amount | $18,430,000 |
| Average Mortgage Loan Application Amount | $172,242 |
| Highest Mortgage Loan Application Amount | $764,000 |
| Average Applicant Income | $154,738 |
| Highest Applicant Income | $552,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wrentham Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 75 | $ 10,549,000 | $ 140,653 | $ 152,000 |
| Bristol, Massachusetts | 16 | $ 2,873,000 | $ 179,562 | $ 162,000 |
| Middlesex, Massachusetts | 7 | $ 1,965,000 | $ 280,714 | $ 171,000 |
| Worcester, Massachusetts | 4 | $ 1,402,000 | $ 350,500 | $ 127,000 |
| Barnstable, Massachusetts | 1 | $ 186,000 | $ 186,000 | $ 246,000 |
| Essex, Massachusetts | 1 | $ 637,000 | $ 637,000 | $ 155,000 |
| Plymouth, Massachusetts | 1 | $ 158,000 | $ 158,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Wrentham Co-Operative Bank in 2016
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 Improvement | 54 | $2,045,000 | $37,000 | $430,000 | $121,000 | $244,000 |
| Refinancing | 39 | $11,113,000 | $284,000 | $650,000 | $173,000 | $438,000 |
| Home Purchase | 14 | $5,272,000 | $376,000 | $764,000 | $234,000 | $552,000 |
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 | 93 | $16,162,000 | $173,000 | $764,000 | $149,000 | $552,000 |
| Not Provided | 11 | $2,230,000 | $202,000 | $500,000 | $209,000 | $420,000 |
| Asian | 3 | $38,000 | $12,000 | $25,000 | $159,000 | $197,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 107 | $18,430,000 | $172,000 | $764,000 | $155,000 | $552,000 |
| 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 | 90 | $15,454,000 | $171,000 | $764,000 | $159,000 | $552,000 |
| Application Denied By Financial Institution | 10 | $1,032,000 | $103,000 | $360,000 | $123,000 | $290,000 |
| File Closed For Incompleteness | 4 | $1,054,000 | $263,000 | $344,000 | $165,000 | $256,000 |
| Application Withdrawn By Applicant | 2 | $580,000 | $290,000 | $430,000 | $106,000 | $110,000 |
| Preapproval Approved but not Accepted | 1 | $310,000 | $310,000 | $310,000 | $144,000 | $144,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 | 5 | $736,000 | $147,000 | $360,000 | $150,000 | $290,000 |
| Debt-To-Income Ratio | 5 | $296,000 | $59,000 | $158,000 | $97,000 | $193,000 |
| 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 Wrentham Co-Operative Bank's 2016 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 Wrentham 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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