Wrentham Co-Operative Bank Mortgage Lending & HMDA Data, 2011
In 2011, Wrentham Co-Operative Bank of Wrentham, MA reported 126 mortgage applications totaling $15.7 million, up 121% from 2010. The average application was for $124,380, and applicants reported an average income of $131,174. 83% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Boston-Quincy, MA (110), Providence-New Bedford-Fall River, RI-MA (7) and Barnstable Town, MA (3) (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 | 126 |
| Total Mortgage Loan Application Amount | $15,672,000 |
| Average Mortgage Loan Application Amount | $124,380 |
| Highest Mortgage Loan Application Amount | $772,000 |
| Average Applicant Income | $131,174 |
| Highest Applicant Income | $433,000 |
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records Wrentham Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston-Quincy, MA | 110 | $ 11,938,000 | $ 108,527 | $ 127,000 |
| Providence-New Bedford-Fall River, RI-MA | 7 | $ 1,079,000 | $ 154,142 | $ 117,000 |
| Barnstable Town, MA | 3 | $ 652,000 | $ 217,333 | $ 249,000 |
| Worcester, MA | 3 | $ 1,108,000 | $ 369,333 | $ 175,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 220,000 | $ 220,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Wrentham 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 64 | $1,557,000 | $24,000 | $177,000 | $118,000 | $359,000 |
| Refinancing | 56 | $12,308,000 | $219,000 | $772,000 | $144,000 | $433,000 |
| Home Purchase | 6 | $1,807,000 | $301,000 | $600,000 | $152,000 | $350,000 |
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 | 114 | $13,883,000 | $121,000 | $600,000 | $128,000 | $433,000 |
| Not Provided | 9 | $292,000 | $32,000 | $250,000 | $131,000 | $220,000 |
| Asian | 3 | $1,497,000 | $499,000 | $772,000 | $238,000 | $288,000 |
| 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 |
| 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) | 126 | $15,672,000 | $124,000 | $772,000 | $131,000 | $433,000 |
| 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 | 104 | $12,207,000 | $117,000 | $772,000 | $136,000 | $433,000 |
| Application Denied By Financial Institution | 13 | $1,732,000 | $133,000 | $340,000 | $93,000 | $232,000 |
| File Closed For Incompleteness | 5 | $1,042,000 | $208,000 | $299,000 | $121,000 | $192,000 |
| Application Approved But Not Accepted | 2 | $16,000 | $8,000 | $10,000 | $100,000 | $180,000 |
| Preapproval Approved but not Accepted | 2 | $675,000 | $337,000 | $600,000 | $191,000 | $350,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 8 | $966,000 | $120,000 | $290,000 | $74,000 | $213,000 |
| Employment History | 2 | $204,000 | $102,000 | $200,000 | $63,000 | $103,000 |
| Collateral | 2 | $558,000 | $279,000 | $340,000 | $182,000 | $232,000 |
| Credit History | 1 | $4,000 | $4,000 | $4,000 | $129,000 | $129,000 |
| Credit Application Incomplete | 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 Wrentham 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 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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