Canandaigua National Bank & Trust Mortgage Lending & HMDA Data, 2003

In 2003, Canandaigua National Bank & Trust of Canandaigua, NY reported 1,875 mortgage applications totaling $204.5 million. The average application was for $109,089, and applicants reported an average income of $84,265. 9% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rochester, NY (1,765), Buffalo-Niagara Falls, NY (5) and Cleveland-Lorain-Elyria, OH (2) (applications in parentheses).

Mortgage Company & Address Canandaigua National Bank & Trust
72 South Main St
Canandaigua, NY 14424
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,875
Total Mortgage Loan Application Amount $204,542,000
Average Mortgage Loan Application Amount $109,089
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $84,265
Highest Applicant Income $565,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Canandaigua National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Canandaigua National Bank & Trust by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Ontario, New York 885 $ 91,384,000 $ 103,258 $ 55,000
Monroe, New York 740 $ 87,727,000 $ 118,550 $ 86,000
Wayne, New York 70 $ 6,709,000 $ 95,842 $ 44,000
Livingston, New York 65 $ 5,657,000 $ 87,030 $ 78,000
Yates, New York 64 $ 6,670,000 $ 104,218 $ 78,000
Steuben, New York 14 $ 831,000 $ 59,357 $ 70,000
Erie, New York 5 $ 512,000 $ 102,400 $ 87,000
Genesee, New York 5 $ 260,000 $ 52,000 $ 65,000
Seneca, New York 5 $ 989,000 $ 197,800 $ 135,000
Palm Beach, Florida 2 $ 330,000 $ 165,000 $ 97,000
Oneida, New York 2 $ 80,000 $ 40,000 $ 61,000
Warren, New York 2 $ 226,000 $ 113,000 $ 137,000
Wyoming, New York 2 $ 193,000 $ 96,500 $ 85,000
Cuyahoga, Ohio 2 $ 632,000 $ 316,000 $ 530,000
Lee, Florida 1 $ 229,000 $ 229,000 $ 168,000
St. Johns, Florida 1 $ 85,000 $ 85,000 $ 52,000
Hancock, Maine 1 $ 150,000 $ 150,000 $ 114,000
Dukes, Massachusetts 1 $ 225,000 $ 225,000 $ 364,000
Cayuga, New York 1 $ 70,000 $ 70,000 $ 93,000
Dutchess, New York 1 $ 155,000 $ 155,000 $ 72,000
Lewis, New York 1 $ 130,000 $ 130,000 $ 103,000
Onondaga, New York 1 $ 158,000 $ 158,000 $ 75,000
Orleans, New York 1 $ 232,000 $ 232,000 $ 69,000
Buncombe, North Carolina 1 $ 300,000 $ 300,000 $ 264,000
Addison, Vermont 1 $ 285,000 $ 285,000 $ 142,000
Albemarle, Virginia 1 $ 323,000 $ 323,000 $ 225,000

Mortgage Loan Application Detail Totals for Canandaigua National Bank & Trust in 2003

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
Refinancing (home purchase or home improvement, one-to-four family) 1,356 $162,997,000 $228,250 $750,000 $143,250 $525,000
Home Purchase (one-to-four family) 291 $36,517,000 $199,833 $578,000 $236,500 $565,000
Home Improvement (one-to-four family) 221 $2,420,000 $10,000 $80,000 $55,000 $490,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 7 $2,608,000 $372,000 $1,500,000 $0 $0

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 1,820 $197,905,000 $233,375 $750,000 $227,250 $565,000
Information not provided by applicant in mail or telephone application 13 $844,000 $64,000 $322,000 $44,000 $86,000
Asian or Pacific Islander 11 $1,566,000 $142,000 $323,000 $99,000 $398,000
Hispanic 11 $735,000 $66,000 $223,000 $75,000 $124,000
Black 8 $862,000 $107,000 $489,000 $79,000 $184,000
American Indian or Alaskan Native 5 $138,000 $27,000 $80,000 $42,000 $56,000
Not applicable 5 $2,116,000 $423,000 $1,500,000 $0 $0
Other 2 $376,000 $188,000 $203,000 $282,000 $495,000

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) 1,875 $204,542,000 $233,500 $1,500,000 $227,000 $565,000
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 Purchased By The Institution 1,625 $196,914,000 $235,875 $489,000 $224,875 $558,000
Loan Originated 169 $6,326,000 $172,000 $1,500,000 $317,500 $565,000
Application Denied By Financial Institution 74 $1,232,000 $16,000 $380,000 $32,000 $125,000
Application Approved But Not Accepted 7 $70,000 $10,000 $15,000 $59,000 $155,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 40 $354,000 $8,000 $80,000 $34,000 $88,000
Collateral 20 $326,000 $16,000 $60,000 $38,000 $125,000
Debt-To-Income Ratio 11 $84,000 $7,000 $25,000 $38,000 $76,000
Employment History 2 $88,000 $44,000 $75,000 $11,000 $23,000
Insufficient Cash (Downpayment, Closing Cost) 1 $380,000 $380,000 $380,000 $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
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Canandaigua National Bank & Trust's 2003 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 Canandaigua National Bank & Trust'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.
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