First Niagara Bank Mortgage Lending & HMDA Data, 2014

In 2014, First Niagara Bank of Buffalo, NY reported 10,450 mortgage applications totaling $1.9 billion, down 26% from 2013. The average application was for $184,182, and applicants reported an average income of $100,187. 64% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (2,846), Rochester, NY (762) and Pittsburgh, PA (753) (applications in parentheses).

Mortgage Company & Address First Niagara Bank
726 Exchange Street Suite 618
Buffalo, NY 14210
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 10,450
Total Mortgage Loan Application Amount $1,924,702,000
Average Mortgage Loan Application Amount $184,182
Highest Mortgage Loan Application Amount $30,000,000
Average Applicant Income $100,187
Highest Applicant Income $6,300,000

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Act (HMDA) records First Niagara Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for First Niagara Bank by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Erie, New York 2,225 $ 310,498,000 $ 139,549 $ 83,000
Niagara, New York 621 $ 62,564,000 $ 100,747 $ 67,000
Monroe, New York 610 $ 70,741,000 $ 115,968 $ 88,000
Allegheny, Pennsylvania 483 $ 45,838,000 $ 94,902 $ 80,000
New Haven, Connecticut 438 $ 95,232,000 $ 217,424 $ 106,000
Fairfield, Connecticut 419 $ 279,075,000 $ 666,050 $ 270,000
Hartford, Connecticut 366 $ 69,137,000 $ 188,898 $ 95,000
Hampden, Massachusetts 288 $ 43,766,000 $ 151,965 $ 73,000
Oneida, New York 235 $ 27,734,000 $ 118,017 $ 61,000
Albany, New York 208 $ 32,327,000 $ 155,418 $ 81,000
Montgomery, Pennsylvania 206 $ 31,973,000 $ 155,208 $ 93,000
Onondaga, New York 200 $ 24,374,000 $ 121,870 $ 77,000
Tolland, Connecticut 160 $ 15,487,000 $ 96,793 $ 88,000
Broome, New York 144 $ 12,026,000 $ 83,513 $ 62,000
Rockland, New York 144 $ 32,994,000 $ 229,125 $ 116,000
Saratoga, New York 138 $ 32,016,000 $ 232,000 $ 119,000
Philadelphia, Pennsylvania 125 $ 26,166,000 $ 209,328 $ 162,000
Westchester, New York 124 $ 34,508,000 $ 278,290 $ 165,000
Cayuga, New York 121 $ 8,350,000 $ 69,008 $ 69,000
Columbia, New York 116 $ 16,091,000 $ 138,715 $ 108,000
Orange, New York 115 $ 11,627,000 $ 101,104 $ 97,000
Chautauqua, New York 114 $ 9,556,000 $ 83,824 $ 66,000
Rensselaer, New York 106 $ 14,224,000 $ 134,188 $ 75,000
Westmoreland, Pennsylvania 104 $ 10,625,000 $ 102,163 $ 63,000
Bucks, Pennsylvania 102 $ 23,925,000 $ 234,558 $ 121,000
Lehigh, Pennsylvania 98 $ 7,641,000 $ 77,969 $ 72,000
Chester, Pennsylvania 90 $ 15,830,000 $ 175,888 $ 103,000
Middlesex, Connecticut 84 $ 18,988,000 $ 226,047 $ 103,000
Windham, Connecticut 83 $ 9,481,000 $ 114,228 $ 83,000
Middlesex, Massachusetts 73 $ 47,354,000 $ 648,684 $ 233,000
Putnam, New York 73 $ 9,039,000 $ 123,821 $ 95,000
Dutchess, New York 70 $ 12,309,000 $ 175,842 $ 112,000
Carbon, Pennsylvania 70 $ 3,413,000 $ 48,757 $ 54,000
Washington, Pennsylvania 70 $ 12,350,000 $ 176,428 $ 132,000
Genesee, New York 68 $ 6,124,000 $ 90,058 $ 69,000
Schenectady, New York 66 $ 9,033,000 $ 136,863 $ 76,000
Norfolk, Massachusetts 63 $ 41,109,000 $ 652,523 $ 245,000
Erie, Pennsylvania 63 $ 5,050,000 $ 80,158 $ 63,000
Fayette, Pennsylvania 57 $ 3,849,000 $ 67,526 $ 50,000
Northampton, Pennsylvania 57 $ 3,367,000 $ 59,070 $ 62,000
Jefferson, New York 53 $ 3,701,000 $ 69,830 $ 80,000
Wayne, New York 53 $ 5,572,000 $ 105,132 $ 47,000
Hampshire, Massachusetts 52 $ 12,109,000 $ 232,865 $ 103,000
Cortland, New York 51 $ 3,031,000 $ 59,431 $ 69,000
Orleans, New York 49 $ 3,634,000 $ 74,163 $ 61,000
Fulton, New York 47 $ 3,655,000 $ 77,765 $ 70,000
Berks, Pennsylvania 43 $ 5,622,000 $ 130,744 $ 73,000
Wyoming, New York 42 $ 4,260,000 $ 101,428 $ 62,000
St. Lawrence, New York 41 $ 3,829,000 $ 93,390 $ 67,000
Montgomery, New York 37 $ 2,647,000 $ 71,540 $ 73,000
Tompkins, New York 36 $ 5,421,000 $ 150,583 $ 85,000
Crawford, Pennsylvania 36 $ 2,147,000 $ 59,638 $ 62,000
Sullivan, New York 32 $ 1,540,000 $ 48,125 $ 76,000
Cattaraugus, New York 31 $ 3,156,000 $ 101,806 $ 100,000
Warren, New York 31 $ 27,367,000 $ 882,806 $ 97,000
Ontario, New York 27 $ 7,353,000 $ 272,333 $ 150,000
Warren, Pennsylvania 27 $ 2,207,000 $ 81,740 $ 53,000
New London, Connecticut 25 $ 6,422,000 $ 256,880 $ 155,000
Franklin, New York 25 $ 2,094,000 $ 83,760 $ 65,000
Suffolk, Massachusetts 24 $ 57,472,000 $ 2,394,666 $ 359,000
Worcester, Massachusetts 24 $ 6,253,000 $ 260,541 $ 91,000
Butler, Pennsylvania 23 $ 4,249,000 $ 184,739 $ 78,000
Essex, Massachusetts 22 $ 11,342,000 $ 515,545 $ 194,000
Greene, New York 21 $ 2,458,000 $ 117,047 $ 65,000
Livingston, New York 20 $ 2,175,000 $ 108,750 $ 92,000
Herkimer, New York 18 $ 2,204,000 $ 122,444 $ 95,000
Chenango, New York 17 $ 1,577,000 $ 92,764 $ 55,000
Oswego, New York 17 $ 1,487,000 $ 87,470 $ 85,000
Monroe, Pennsylvania 17 $ 1,306,000 $ 76,823 $ 59,000
Beaver, Pennsylvania 16 $ 2,081,000 $ 130,062 $ 86,000
Delaware, Pennsylvania 16 $ 6,599,000 $ 412,437 $ 180,000
Tioga, New York 15 $ 1,241,000 $ 82,733 $ 61,000
Essex, New York 14 $ 3,148,000 $ 224,857 $ 280,000
Suffolk, New York 14 $ 11,830,000 $ 845,000 $ 312,000
Litchfield, Connecticut 13 $ 4,571,000 $ 351,615 $ 125,000
Cape May, New Jersey 12 $ 9,848,000 $ 820,666 $ 652,000
Lewis, New York 12 $ 1,464,000 $ 122,000 $ 58,000
Monmouth, New Jersey 11 $ 3,034,000 $ 275,818 $ 136,000
Ulster, New York 11 $ 3,648,000 $ 331,636 $ 40,000
Plymouth, Massachusetts 10 $ 3,273,000 $ 327,300 $ 106,000
Kings, New York 10 $ 7,537,000 $ 753,700 $ 226,000
Madison, New York 10 $ 887,000 $ 88,700 $ 69,000
Palm Beach, Florida 9 $ 11,935,000 $ 1,326,111 $ 574,000
Ocean, New Jersey 9 $ 2,098,000 $ 233,111 $ 208,000
Schuylkill, Pennsylvania 9 $ 855,000 $ 95,000 $ 90,000
Washington, New York 8 $ 1,267,000 $ 158,375 $ 61,000
Barnstable, Massachusetts 7 $ 3,437,000 $ 491,000 $ 589,000
Schuyler, New York 7 $ 1,079,000 $ 154,142 $ 129,000
Lancaster, Pennsylvania 7 $ 1,151,000 $ 164,428 $ 84,000
Providence, Rhode Island 7 $ 1,025,000 $ 146,428 $ 97,000
Sussex, Delaware 6 $ 2,521,000 $ 420,166 $ 232,000
Pinellas, Florida 6 $ 1,843,000 $ 307,166 $ 183,000
Bergen, New Jersey 6 $ 2,283,000 $ 380,500 $ 67,000
Nassau, New York 6 $ 5,845,000 $ 974,166 $ 584,000
Queens, New York 6 $ 3,019,000 $ 503,166 $ 286,000
Lee, Florida 5 $ 1,090,000 $ 218,000 $ 166,000
Berkshire, Massachusetts 5 $ 939,000 $ 187,800 $ 82,000
Mercer, New Jersey 5 $ 2,269,000 $ 453,800 $ 157,000
Morris, New Jersey 5 $ 2,073,000 $ 414,600 $ 561,000
Allegany, New York 5 $ 432,000 $ 86,400 $ 88,000
Chemung, New York 5 $ 328,000 $ 65,600 $ 57,000
New York, New York 5 $ 7,771,000 $ 1,554,200 $ 739,000
Otsego, New York 5 $ 1,040,000 $ 208,000 $ 118,000
Seneca, New York 5 $ 465,000 $ 93,000 $ 83,000
Susquehanna, Pennsylvania 5 $ 140,000 $ 28,000 $ 62,000
Collier, Florida 4 $ 3,922,000 $ 980,500 $ 445,000
Burlington, New Jersey 4 $ 2,507,000 $ 626,750 $ 252,000
Clinton, New York 4 $ 241,000 $ 60,250 $ 44,000
Delaware, New York 4 $ 363,000 $ 90,750 $ 100,000
Washington, Rhode Island 4 $ 2,297,000 $ 574,250 $ 256,000
Miami-Dade, Florida 3 $ 2,697,000 $ 899,000 $ 727,000
Sarasota, Florida 3 $ 990,000 $ 330,000 $ 198,000
Nantucket, Massachusetts 3 $ 3,425,000 $ 1,141,666 $ 551,000
Essex, New Jersey 3 $ 762,000 $ 254,000 $ 194,000
Hudson, New Jersey 3 $ 592,000 $ 197,333 $ 144,000
Yates, New York 3 $ 603,000 $ 201,000 $ 137,000
Franklin, Ohio 3 $ 15,494,000 $ 5,164,666 $ 0
Mercer, Pennsylvania 3 $ 105,000 $ 35,000 $ 59,000
New Castle, Delaware 2 $ 560,000 $ 280,000 $ 144,000
Brevard, Florida 2 $ 346,000 $ 173,000 $ 108,000
Broward, Florida 2 $ 3,302,000 $ 1,651,000 $ 1,260,000
Polk, Florida 2 $ 360,000 $ 180,000 $ 63,000
St. Johns, Florida 2 $ 400,000 $ 200,000 $ 221,000
Bristol, Massachusetts 2 $ 216,000 $ 108,000 $ 61,000
Franklin, Massachusetts 2 $ 372,000 $ 186,000 $ 55,000
Camden, New Jersey 2 $ 138,000 $ 69,000 $ 31,000
Union, New Jersey 2 $ 687,000 $ 343,500 $ 212,000
Schoharie, New York 2 $ 20,000 $ 10,000 $ 104,000
Steuben, New York 2 $ 212,000 $ 106,000 $ 72,000
Bradford, Pennsylvania 2 $ 129,000 $ 64,500 $ 49,000
Elk, Pennsylvania 2 $ 136,000 $ 68,000 $ 115,000
Indiana, Pennsylvania 2 $ 140,000 $ 70,000 $ 65,000
Luzerne, Pennsylvania 2 $ 163,000 $ 81,500 $ 45,000
Pike, Pennsylvania 2 $ 242,000 $ 121,000 $ 196,000
Venango, Pennsylvania 2 $ 236,000 $ 118,000 $ 72,000
Wayne, Pennsylvania 2 $ 124,000 $ 62,000 $ 0
Newport, Rhode Island 2 $ 954,000 $ 477,000 $ 141,000
Charlotte, Florida 1 $ 216,000 $ 216,000 $ 348,000
Franklin, Florida 1 $ 570,000 $ 570,000 $ 179,000
Indian River, Florida 1 $ 112,000 $ 112,000 $ 108,000
Lake, Florida 1 $ 178,000 $ 178,000 $ 120,000
Manatee, Florida 1 $ 266,000 $ 266,000 $ 113,000
Monroe, Florida 1 $ 190,000 $ 190,000 $ 93,000
Orange, Florida 1 $ 368,000 $ 368,000 $ 81,000
Osceola, Florida 1 $ 518,000 $ 518,000 $ 614,000
Pasco, Florida 1 $ 1,000 $ 1,000 $ 48,000
St. Lucie, Florida 1 $ 54,000 $ 54,000 $ 169,000
Sumter, Florida 1 $ 130,000 $ 130,000 $ 68,000
Volusia, Florida 1 $ 61,000 $ 61,000 $ 134,000
Pulaski, Kentucky 1 $ 3,000 $ 3,000 $ 77,000
Vermilion, Louisiana 1 $ 3,000 $ 3,000 $ 92,000
Dukes, Massachusetts 1 $ 1,050,000 $ 1,050,000 $ 126,000
Atlantic, New Jersey 1 $ 600,000 $ 600,000 $ 396,000
Cumberland, New Jersey 1 $ 68,000 $ 68,000 $ 120,000
Passaic, New Jersey 1 $ 142,000 $ 142,000 $ 46,000
Salem, New Jersey 1 $ 162,000 $ 162,000 $ 185,000
Sussex, New Jersey 1 $ 313,000 $ 313,000 $ 0
Bronx, New York 1 $ 428,000 $ 428,000 $ 82,000
Hamilton, New York 1 $ 380,000 $ 380,000 $ 337,000
Richmond, New York 1 $ 670,000 $ 670,000 $ 240,000
Medina, Ohio 1 $ 2,800,000 $ 2,800,000 $ 0
Centre, Pennsylvania 1 $ 39,000 $ 39,000 $ 120,000
Clearfield, Pennsylvania 1 $ 94,000 $ 94,000 $ 46,000
Columbia, Pennsylvania 1 $ 170,000 $ 170,000 $ 0
Cumberland, Pennsylvania 1 $ 219,000 $ 219,000 $ 104,000
Greene, Pennsylvania 1 $ 59,000 $ 59,000 $ 42,000
Huntingdon, Pennsylvania 1 $ 111,000 $ 111,000 $ 44,000
Lawrence, Pennsylvania 1 $ 96,000 $ 96,000 $ 56,000
McKean, Pennsylvania 1 $ 100,000 $ 100,000 $ 47,000
York, Pennsylvania 1 $ 318,000 $ 318,000 $ 130,000
Windham, Vermont 1 $ 198,000 $ 198,000 $ 153,000
Ohio, West Virginia 1 $ 205,000 $ 205,000 $ 90,000

Mortgage Loan Application Detail Totals for First Niagara 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 Purchase 5,609 $1,132,709,000 $201,000 $15,000,000 $99,000 $3,208,000
Refinancing 2,426 $710,064,000 $292,000 $30,000,000 $129,000 $3,000,000
Home Improvement 2,415 $81,929,000 $33,000 $22,000,000 $74,000 $6,300,000

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 8,378 $1,401,477,000 $167,000 $8,130,000 $103,000 $3,208,000
Not Provided 759 $142,528,000 $187,000 $1,760,000 $107,000 $1,100,000
Black or African American 420 $49,576,000 $118,000 $4,000,000 $66,000 $636,000
Hispanic 341 $41,433,000 $121,000 $3,500,000 $94,000 $6,300,000
Asian 294 $66,009,000 $224,000 $2,325,000 $116,000 $1,224,000
Not applicable 199 $216,672,000 $1,088,000 $30,000,000 $0 $0
American Indian or Alaskan Native 43 $5,161,000 $120,000 $528,000 $68,000 $348,000
Native Hawaiian or Other Pacific Islander 16 $1,846,000 $115,000 $417,000 $95,000 $287,000

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) 9,079 $1,751,962,000 $192,000 $30,000,000 $107,000 $6,300,000
FHA-insured (Federal Housing Administration) 1,032 $125,491,000 $121,000 $515,000 $52,000 $207,000
VA-guaranteed (Veterans Administration) 178 $28,259,000 $158,000 $417,000 $66,000 $222,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 161 $18,990,000 $117,000 $331,000 $45,000 $112,000

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 6,639 $1,314,644,000 $198,000 $30,000,000 $99,000 $2,553,000
Application Denied By Financial Institution 2,092 $216,429,000 $103,000 $4,000,000 $86,000 $6,300,000
File Closed For Incompleteness 677 $154,868,000 $228,000 $8,130,000 $123,000 $3,000,000
Application Withdrawn By Applicant 504 $140,500,000 $278,000 $2,325,000 $133,000 $2,040,000
Application Approved But Not Accepted 392 $76,040,000 $193,000 $2,175,000 $132,000 $2,246,000
Preapproval Denied by Financial Institution 79 $13,526,000 $171,000 $1,433,000 $51,000 $210,000
Loan Purchased By The Institution 67 $8,695,000 $129,000 $371,000 $0 $0
Preapproval Approved but not Accepted 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 954 $37,599,000 $39,000 $754,000 $76,000 $1,996,000
Debt-To-Income Ratio 587 $64,591,000 $110,000 $1,800,000 $60,000 $413,000
Collateral 313 $83,124,000 $265,000 $4,000,000 $162,000 $6,300,000
Other 215 $27,369,000 $127,000 $4,000,000 $86,000 $636,000
Insufficient Cash (Downpayment, Closing Cost) 34 $6,242,000 $183,000 $564,000 $61,000 $204,000
Unverifiable Information 33 $6,003,000 $181,000 $1,000,000 $98,000 $396,000
Mortgage Insurance Denied 16 $1,427,000 $89,000 $247,000 $43,000 $100,000
Employment History 13 $3,051,000 $234,000 $1,721,000 $78,000 $379,000
Credit Application Incomplete 6 $549,000 $91,000 $175,000 $102,000 $260,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Niagara 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 First Niagara 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.
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