LEI 549300686RMBOL8Y1T93 · MILFORD, MA
Milford Federal Bank
Originated-volume rank #2,155 of 4,908 in the CFPB HMDA 2024 Snapshot, with loan mix, denial reasons, and demographic patterns.
Originated-volume tercile vs fleet
According to the CFPB HMDA 2024 Snapshot, Milford Federal Bank ranks #2,155 of 4,908 by originated-loan volume and sits below the 1,000-application origination-share board (260 applications). Volume rank is not origination-share rank.
- n/a
- Below 1,000-app share board
- 69.6%
- Origination share
- 181
- Originated
- 7.7%
- Denial rate
According to the CFPB HMDA 2024 Snapshot. Origination share is originated divided by applications among reporters with 1,000+ applications. Denial share and origination share do not sum to 100% because HMDA also records withdrawals, incompletes, and purchased loans. See /methodology#corpus-placement. Informational reporting, not mortgage advice.
Reported application outcomes
260 reported applications
Where Milford Federal Bank sits by reported originations
2024 CFPB HMDA reporting lenders, bucketed by originated-loan count
181 Top 44% higher than 56% of 4,908 reporting lenders
Each bar is a 50,000-originated loans band. The dashed line and filled bar mark this lender. Hover, tap, or focus a bar for its count and population share.
Source CFPB Home Mortgage Disclosure Act loan/application register · 2024 reporting year
Loan types by applications · Milford Federal Bank
Application volume by HMDA loan type in this lender's 2024 book.
Cited denial reasons · Milford Federal Bank
Lender-reported HMDA denial-reason counts (top reasons shown).
Mid-volume reporter. Milford Federal Bank's 69.6% origination rate and 7.7% denial rate sit on a mid-tercile originated book (181 funded; fleet band ~78-310). Approval and denial do not sum to 100% - HMDA also records withdrawals, incompletes, and purchased loans. Most-cited denial codes: Debt-to-income ratio, Collateral, Credit history. Program weight concentrates in Conventional (260 applications).
How to read Milford Federal Bank. These figures are aggregate HMDA disclosures for this lender's 2024 book, not any one file. Rates reflect applicant mix (credit, LTV, DTI, geography) as much as underwriting posture. Informational data reporting, not financial, legal, or mortgage advice. Source vintage: CFPB HMDA 2024 Snapshot.
Lending activity by loan program · Milford Federal Bank
Milford Federal Bank filed most under Conventional. Applications, originations and denials are separate outcomes of the same filing, so the columns do not sum.
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 260 | 181 | 20 | $278,000 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Milford Federal Bank (LEI: 549300686RMBOL8Y1T93) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Why borrowers applied
Purchase, refinance and cash-out are reported as distinct purposes; average loan size usually separates them more sharply than volume does.
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 128 | 79 | $415,469 |
| Home Improvement | 53 | 43 | $142,358 |
| Cash-out Refinancing | 42 | 33 | $168,095 |
| Other | 28 | 20 | $80,714 |
| Refinancing | 9 | 6 | $248,333 |
Reported outcomes by applicant race
CFPB derived race categories. HMDA carries no credit score, debt-to-income ratio or down payment, so a gap between these rows is an outcome difference and never, on its own, evidence of discrimination.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 193 | 70.0% | 7.8% |
| Asian * | 22 | 63.6% | 9.1% |
| Black or African American * | 6 | 50.0% | 0.0% |
| Joint * | 5 | 100.0% | 0.0% |
| American Indian or Alaska Native * | 3 | 66.7% | 33.3% |
| 2 or more minority races * | 2 | 50.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander * | 1 | 100.0% | 0.0% |
* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.
Reported outcomes by applicant ethnicity
Hispanic or Latino is an ethnicity, not a race, and is reported separately per U.S. Census Bureau standards. The same limitation applies: HMDA records the outcome, not the underwriting inputs behind it.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 215 | 70.7% | 7.0% |
| Hispanic or Latino * | 10 | 60.0% | 20.0% |
| Joint * | 3 | 66.7% | 33.3% |
* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.
Nearby Lenders in MA
Other HMDA-reporting lenders in MA with similar activity. Compare any two side-by-side.
One of 165 other HMDA-reporting lenders in MA, 5 are shown here.
Digital Federal Credit Union
Marlborough, MA
Leader Bank NA
Arlington, MA
Rockland Trust Bank
BROCKTON, MA
Eastern Bank
Lynn, MA
Cape Cod Five Cents Savings Bank
HYANNIS, MA
Read with Milford Federal Bank
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Milford Federal Bank (LEI 549300686RMBOL8Y1T93), from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024). See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.