Canandaigua National Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Canandaigua National Bank & Trust of Canandaigua, NY reported 884 mortgage applications totaling $107.0 million, about the same as 2007. The average application was for $121,065, and applicants reported an average income of $102,187. 19% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Rochester, NY (813), Tampa-St. Petersburg-Clearwater, FL (3) and Buffalo-Niagara Falls, NY (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 |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 884 |
| Total Mortgage Loan Application Amount | $107,022,000 |
| Average Mortgage Loan Application Amount | $121,065 |
| Highest Mortgage Loan Application Amount | $1,440,000 |
| Average Applicant Income | $102,187 |
| Highest Applicant Income | $872,000 |
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Canandaigua National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rochester, NY | 813 | $ 92,848,000 | $ 114,204 | $ 98,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 416,000 | $ 138,666 | $ 82,000 |
| Buffalo-Niagara Falls, NY | 2 | $ 619,000 | $ 309,500 | $ 300,000 |
| Charlottesville, VA | 2 | $ 26,000 | $ 13,000 | $ 159,000 |
| Barnstable Town, MA | 1 | $ 800,000 | $ 800,000 | $ 0 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 224,000 | $ 224,000 | $ 262,000 |
| Camden, NJ | 1 | $ 304,000 | $ 304,000 | $ 141,000 |
| Elmira, NY | 1 | $ 368,000 | $ 368,000 | $ 596,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 350,000 | $ 350,000 | $ 256,000 |
| Oklahoma City, OK | 1 | $ 348,000 | $ 348,000 | $ 177,000 |
| Punta Gorda, FL | 1 | $ 372,000 | $ 372,000 | $ 454,000 |
| Raleigh-Cary, NC | 1 | $ 138,000 | $ 138,000 | $ 30,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 750,000 | $ 750,000 | $ 202,000 |
| Wilmington, DE-MD-NJ | 1 | $ 177,000 | $ 177,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Canandaigua National Bank & Trust in 2008
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 | 397 | $57,041,000 | $143,000 | $1,177,000 | $102,000 | $690,000 |
| Home Purchase | 320 | $46,940,000 | $146,000 | $1,440,000 | $114,000 | $872,000 |
| Home Improvement | 167 | $3,041,000 | $18,000 | $100,000 | $80,000 | $824,000 |
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 | 840 | $101,794,000 | $121,000 | $1,440,000 | $102,000 | $872,000 |
| Not Provided | 12 | $417,000 | $34,000 | $155,000 | $49,000 | $100,000 |
| Asian | 11 | $1,612,000 | $146,000 | $417,000 | $162,000 | $649,000 |
| Not applicable | 7 | $1,715,000 | $245,000 | $600,000 | $0 | $0 |
| Black or African American | 6 | $388,000 | $64,000 | $101,000 | $68,000 | $130,000 |
| Hispanic | 6 | $470,000 | $78,000 | $200,000 | $155,000 | $245,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $258,000 | $258,000 | $258,000 | $480,000 | $480,000 |
| American Indian or Alaskan Native | 1 | $368,000 | $368,000 | $368,000 | $596,000 | $596,000 |
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) | 884 | $107,022,000 | $121,000 | $1,440,000 | $102,000 | $872,000 |
| 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 | 642 | $98,754,000 | $153,000 | $1,440,000 | $115,000 | $872,000 |
| Loan Originated | 164 | $5,391,000 | $32,000 | $510,000 | $74,000 | $824,000 |
| Application Denied By Financial Institution | 63 | $1,475,000 | $23,000 | $200,000 | $58,000 | $320,000 |
| Application Approved But Not Accepted | 15 | $1,402,000 | $93,000 | $600,000 | $64,000 | $135,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 36 | $622,000 | $17,000 | $70,000 | $55,000 | $193,000 |
| Collateral | 11 | $366,000 | $33,000 | $102,000 | $99,000 | $320,000 |
| Debt-To-Income Ratio | 10 | $129,000 | $12,000 | $38,000 | $34,000 | $78,000 |
| Other | 3 | $80,000 | $26,000 | $35,000 | $59,000 | $77,000 |
| Unverifiable Information | 1 | $11,000 | $11,000 | $11,000 | $35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $200,000 | $200,000 | $200,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $67,000 | $67,000 | $67,000 | $63,000 | $63,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Canandaigua National Bank & Trust's 2008 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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