Wrentham Co-Operative Bank Mortgage Lending & HMDA Data, 2014
In 2014, Wrentham Co-Operative Bank of Wrentham, MA reported 145 mortgage applications totaling $15.5 million, down 36% from 2013. The average application was for $106,641, and applicants reported an average income of $132,682. 68% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Boston, MA (116), Worcester, MA-CT (8) and Cambridge-Newton-Framingham, MA (7) (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 | 145 |
| Total Mortgage Loan Application Amount | $15,463,000 |
| Average Mortgage Loan Application Amount | $106,641 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $132,682 |
| Highest Applicant Income | $496,000 |
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records Wrentham Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, MA | 116 | $ 9,741,000 | $ 83,974 | $ 130,000 |
| Worcester, MA-CT | 8 | $ 334,000 | $ 41,750 | $ 99,000 |
| Cambridge-Newton-Framingham, MA | 7 | $ 2,100,000 | $ 300,000 | $ 243,000 |
| Providence-Warwick, RI-MA | 5 | $ 823,000 | $ 164,600 | $ 111,000 |
| Barnstable Town, MA | 2 | $ 205,000 | $ 102,500 | $ 114,000 |
Mortgage Loan Application Detail Totals for Wrentham Co-Operative Bank in 2014
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 | 104 | $2,540,000 | $24,000 | $500,000 | $120,000 | $376,000 |
| Refinancing | 26 | $7,726,000 | $297,000 | $750,000 | $174,000 | $496,000 |
| Home Purchase | 15 | $5,197,000 | $346,000 | $880,000 | $149,000 | $365,000 |
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 | 129 | $12,850,000 | $99,000 | $630,000 | $127,000 | $475,000 |
| Not Provided | 15 | $2,408,000 | $160,000 | $880,000 | $186,000 | $496,000 |
| Asian | 1 | $205,000 | $205,000 | $205,000 | $150,000 | $150,000 |
| 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) | 145 | $15,463,000 | $106,000 | $880,000 | $133,000 | $496,000 |
| 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 | 99 | $9,177,000 | $92,000 | $630,000 | $141,000 | $475,000 |
| Application Denied By Financial Institution | 32 | $1,779,000 | $55,000 | $513,000 | $97,000 | $218,000 |
| Preapproval Approved but not Accepted | 7 | $2,260,000 | $322,000 | $880,000 | $126,000 | $365,000 |
| File Closed For Incompleteness | 4 | $1,687,000 | $421,000 | $750,000 | $217,000 | $496,000 |
| Application Approved But Not Accepted | 2 | $350,000 | $175,000 | $335,000 | $181,000 | $189,000 |
| Application Withdrawn By Applicant | 1 | $210,000 | $210,000 | $210,000 | $140,000 | $140,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 | 18 | $1,272,000 | $70,000 | $513,000 | $76,000 | $156,000 |
| Credit History | 13 | $499,000 | $38,000 | $270,000 | $118,000 | $218,000 |
| Other | 1 | $8,000 | $8,000 | $8,000 | $188,000 | $188,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Wrentham Co-Operative Bank's 2014 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About