First Niagara Bank Mortgage Lending & HMDA Data, 2015

In 2015, First Niagara Bank of Buffalo, NY reported 10,189 mortgage applications totaling $2.3 billion, down 2% from 2014. The average application was for $223,026, and applicants reported an average income of $110,552. 65% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (3,054), Rochester, NY (712) and Pittsburgh, PA (669) (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 10,189
Total Mortgage Loan Application Amount $2,272,420,000
Average Mortgage Loan Application Amount $223,026
Highest Mortgage Loan Application Amount $25,000,000
Average Applicant Income $110,552
Highest Applicant Income $5,228,000

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Act (HMDA) records First Niagara Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015

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 2,383 $ 368,958,000 $ 154,829 $ 86,000
Niagara, New York 671 $ 82,812,000 $ 123,415 $ 72,000
Monroe, New York 568 $ 67,334,000 $ 118,545 $ 68,000
New Haven, Connecticut 454 $ 85,062,000 $ 187,361 $ 104,000
Fairfield, Connecticut 453 $ 374,490,000 $ 826,688 $ 311,000
Allegheny, Pennsylvania 413 $ 75,772,000 $ 183,467 $ 109,000
Montgomery, Pennsylvania 285 $ 58,133,000 $ 203,975 $ 114,000
Hartford, Connecticut 274 $ 52,057,000 $ 189,989 $ 104,000
Hampden, Massachusetts 271 $ 44,275,000 $ 163,376 $ 77,000
Oneida, New York 252 $ 25,643,000 $ 101,757 $ 71,000
Albany, New York 208 $ 61,948,000 $ 297,826 $ 107,000
Onondaga, New York 175 $ 48,277,000 $ 275,868 $ 98,000
Saratoga, New York 165 $ 59,271,000 $ 359,218 $ 111,000
Tolland, Connecticut 155 $ 26,628,000 $ 171,793 $ 99,000
Chautauqua, New York 126 $ 11,914,000 $ 94,555 $ 75,000
Rockland, New York 120 $ 30,536,000 $ 254,466 $ 105,000
Westmoreland, Pennsylvania 110 $ 14,242,000 $ 129,472 $ 68,000
Columbia, New York 107 $ 25,617,000 $ 239,411 $ 125,000
Chester, Pennsylvania 107 $ 28,425,000 $ 265,654 $ 112,000
Rensselaer, New York 106 $ 37,275,000 $ 351,650 $ 112,000
Westchester, New York 89 $ 44,013,000 $ 494,528 $ 215,000
Broome, New York 86 $ 7,795,000 $ 90,639 $ 54,000
Washington, Pennsylvania 85 $ 18,195,000 $ 214,058 $ 133,000
Middlesex, Massachusetts 83 $ 52,537,000 $ 632,975 $ 230,000
Orange, New York 79 $ 14,383,000 $ 182,063 $ 108,000
Genesee, New York 78 $ 7,291,000 $ 93,474 $ 64,000
Schenectady, New York 78 $ 41,985,000 $ 538,269 $ 96,000
Middlesex, Connecticut 77 $ 25,934,000 $ 336,805 $ 157,000
Bucks, Pennsylvania 76 $ 22,496,000 $ 296,000 $ 134,000
Philadelphia, Pennsylvania 74 $ 13,186,000 $ 178,189 $ 195,000
St. Lawrence, New York 71 $ 6,398,000 $ 90,112 $ 84,000
Windham, Connecticut 70 $ 10,881,000 $ 155,442 $ 77,000
Cayuga, New York 67 $ 8,675,000 $ 129,477 $ 71,000
Fulton, New York 63 $ 5,415,000 $ 85,952 $ 76,000
Norfolk, Massachusetts 61 $ 32,421,000 $ 531,491 $ 243,000
Orleans, New York 61 $ 4,135,000 $ 67,786 $ 55,000
Cortland, New York 57 $ 5,776,000 $ 101,333 $ 78,000
Franklin, New York 53 $ 5,376,000 $ 101,433 $ 101,000
Montgomery, New York 53 $ 3,417,000 $ 64,471 $ 67,000
Suffolk, Massachusetts 52 $ 26,803,000 $ 515,442 $ 202,000
Jefferson, New York 52 $ 3,386,000 $ 65,115 $ 70,000
Erie, Pennsylvania 52 $ 9,699,000 $ 186,519 $ 80,000
Lehigh, Pennsylvania 51 $ 6,975,000 $ 136,764 $ 71,000
Dutchess, New York 44 $ 9,572,000 $ 217,545 $ 107,000
Wyoming, New York 40 $ 5,175,000 $ 129,375 $ 56,000
New London, Connecticut 35 $ 8,460,000 $ 241,714 $ 147,000
Ontario, New York 33 $ 11,595,000 $ 351,363 $ 118,000
Carbon, Pennsylvania 32 $ 3,101,000 $ 96,906 $ 60,000
Tompkins, New York 31 $ 6,344,000 $ 204,645 $ 90,000
Delaware, Pennsylvania 31 $ 9,126,000 $ 294,387 $ 107,000
Greene, New York 30 $ 6,199,000 $ 206,633 $ 133,000
Warren, New York 30 $ 10,167,000 $ 338,900 $ 139,000
Berks, Pennsylvania 30 $ 3,454,000 $ 115,133 $ 66,000
Wayne, New York 29 $ 3,508,000 $ 120,965 $ 65,000
Herkimer, New York 27 $ 3,332,000 $ 123,407 $ 94,000
Sullivan, New York 26 $ 2,787,000 $ 107,192 $ 67,000
Fayette, Pennsylvania 26 $ 2,876,000 $ 110,615 $ 55,000
Cattaraugus, New York 25 $ 4,365,000 $ 174,600 $ 295,000
Hampshire, Massachusetts 24 $ 5,011,000 $ 208,791 $ 94,000
Northampton, Pennsylvania 24 $ 2,858,000 $ 119,083 $ 65,000
Butler, Pennsylvania 22 $ 3,767,000 $ 171,227 $ 85,000
Crawford, Pennsylvania 22 $ 1,638,000 $ 74,454 $ 64,000
Warren, Pennsylvania 20 $ 3,101,000 $ 155,050 $ 60,000
Worcester, Massachusetts 19 $ 4,945,000 $ 260,263 $ 79,000
Plymouth, Massachusetts 18 $ 5,178,000 $ 287,666 $ 131,000
Livingston, New York 18 $ 2,624,000 $ 145,777 $ 78,000
Lee, Florida 17 $ 6,767,000 $ 398,058 $ 401,000
Palm Beach, Florida 15 $ 7,355,000 $ 490,333 $ 578,000
Essex, New York 14 $ 3,557,000 $ 254,071 $ 159,000
Kings, New York 14 $ 9,934,000 $ 709,571 $ 200,000
Madison, New York 14 $ 2,383,000 $ 170,214 $ 84,000
Litchfield, Connecticut 13 $ 7,962,000 $ 612,461 $ 212,000
Collier, Florida 13 $ 3,303,000 $ 254,076 $ 306,000
Barnstable, Massachusetts 13 $ 6,414,000 $ 493,384 $ 308,000
Essex, Massachusetts 13 $ 8,115,000 $ 624,230 $ 251,000
Lewis, New York 12 $ 1,660,000 $ 138,333 $ 88,000
Oswego, New York 12 $ 1,048,000 $ 87,333 $ 74,000
Ulster, New York 12 $ 1,107,000 $ 92,250 $ 86,000
Beaver, Pennsylvania 12 $ 2,474,000 $ 206,166 $ 140,000
Monroe, Pennsylvania 12 $ 1,337,000 $ 111,416 $ 50,000
Cape May, New Jersey 11 $ 7,390,000 $ 671,818 $ 408,000
Chenango, New York 10 $ 3,049,000 $ 304,900 $ 38,000
Washington, New York 10 $ 1,287,000 $ 128,700 $ 75,000
Washington, Rhode Island 10 $ 4,437,000 $ 443,700 $ 449,000
Bristol, Massachusetts 9 $ 2,328,000 $ 258,666 $ 83,000
Nassau, New York 9 $ 7,214,000 $ 801,555 $ 355,000
New York, New York 9 $ 9,124,000 $ 1,013,777 $ 333,000
Queens, New York 9 $ 5,154,000 $ 572,666 $ 894,000
Tioga, New York 9 $ 701,000 $ 77,888 $ 49,000
Sussex, Delaware 8 $ 2,468,000 $ 308,500 $ 150,000
Bergen, New Jersey 8 $ 2,883,000 $ 360,375 $ 133,000
Putnam, New York 8 $ 2,023,000 $ 252,875 $ 95,000
Suffolk, New York 8 $ 5,081,000 $ 635,125 $ 247,000
Camden, New Jersey 7 $ 1,391,000 $ 198,714 $ 123,000
Bronx, New York 7 $ 1,999,000 $ 285,571 $ 110,000
Otsego, New York 7 $ 887,000 $ 126,714 $ 90,000
Monongalia, West Virginia 7 $ 2,073,000 $ 296,142 $ 89,000
Broward, Florida 6 $ 2,038,000 $ 339,666 $ 194,000
Franklin, Massachusetts 6 $ 1,117,000 $ 186,166 $ 54,000
Atlantic, New Jersey 6 $ 6,420,000 $ 1,070,000 $ 266,000
Allegany, New York 6 $ 560,000 $ 93,333 $ 70,000
Hamilton, New York 6 $ 1,145,000 $ 190,833 $ 159,000
Schoharie, New York 6 $ 824,000 $ 137,333 $ 102,000
Volusia, Florida 5 $ 963,000 $ 192,600 $ 75,000
Dukes, Massachusetts 5 $ 2,238,000 $ 447,600 $ 516,000
Nantucket, Massachusetts 5 $ 4,876,000 $ 975,200 $ 345,000
Essex, New Jersey 5 $ 1,341,000 $ 268,200 $ 154,000
Luzerne, Pennsylvania 5 $ 412,000 $ 82,400 $ 79,000
New Castle, Delaware 4 $ 487,000 $ 121,750 $ 159,000
Brevard, Florida 4 $ 465,000 $ 116,250 $ 108,000
Monroe, Florida 4 $ 2,505,000 $ 626,250 $ 818,000
Pinellas, Florida 4 $ 528,000 $ 132,000 $ 103,000
Berkshire, Massachusetts 4 $ 1,421,000 $ 355,250 $ 143,000
Burlington, New Jersey 4 $ 943,000 $ 235,750 $ 206,000
Monmouth, New Jersey 4 $ 1,372,000 $ 343,000 $ 148,000
Steuben, New York 4 $ 499,000 $ 124,750 $ 66,000
Bradford, Pennsylvania 4 $ 170,000 $ 42,500 $ 28,000
Schuylkill, Pennsylvania 4 $ 363,000 $ 90,750 $ 57,000
Somerset, Pennsylvania 4 $ 410,000 $ 102,500 $ 151,000
Manatee, Florida 3 $ 718,000 $ 239,333 $ 80,000
Miami-Dade, Florida 3 $ 2,105,000 $ 701,666 $ 313,000
St. Johns, Florida 3 $ 560,000 $ 186,666 $ 179,000
Hudson, New Jersey 3 $ 389,000 $ 129,666 $ 71,000
Ocean, New Jersey 3 $ 1,113,000 $ 371,000 $ 250,000
Chemung, New York 3 $ 138,000 $ 46,000 $ 56,000
Richmond, New York 3 $ 800,000 $ 266,666 $ 56,000
Seneca, New York 3 $ 430,000 $ 143,333 $ 184,000
Yates, New York 3 $ 1,096,000 $ 365,333 $ 335,000
Lackawanna, Pennsylvania 3 $ 419,000 $ 139,666 $ 40,000
Wayne, Pennsylvania 3 $ 285,000 $ 95,000 $ 61,000
Providence, Rhode Island 3 $ 695,000 $ 231,666 $ 83,000
Flagler, Florida 2 $ 550,000 $ 275,000 $ 111,000
Hillsborough, Florida 2 $ 441,000 $ 220,500 $ 96,000
Martin, Florida 2 $ 1,533,000 $ 766,500 $ 485,000
Sarasota, Florida 2 $ 351,000 $ 175,500 $ 159,000
Gloucester, New Jersey 2 $ 407,000 $ 203,500 $ 63,000
Mercer, New Jersey 2 $ 192,000 $ 96,000 $ 124,000
Clinton, New York 2 $ 464,000 $ 232,000 $ 89,000
Delaware, New York 2 $ 155,000 $ 77,500 $ 26,000
Schuyler, New York 2 $ 666,000 $ 333,000 $ 86,000
Centre, Pennsylvania 2 $ 330,000 $ 165,000 $ 56,000
Greene, Pennsylvania 2 $ 268,000 $ 134,000 $ 66,000
Pike, Pennsylvania 2 $ 198,000 $ 99,000 $ 97,000
York, Pennsylvania 2 $ 211,000 $ 105,500 $ 125,000
Charlotte, Florida 1 $ 170,000 $ 170,000 $ 176,000
Lake, Florida 1 $ 142,000 $ 142,000 $ 91,000
Okaloosa, Florida 1 $ 205,000 $ 205,000 $ 212,000
Orange, Florida 1 $ 1,100,000 $ 1,100,000 $ 996,000
Osceola, Florida 1 $ 216,000 $ 216,000 $ 273,000
Polk, Florida 1 $ 141,000 $ 141,000 $ 343,000
St. Lucie, Florida 1 $ 172,000 $ 172,000 $ 65,000
Walton, Florida 1 $ 160,000 $ 160,000 $ 178,000
Cumberland, New Jersey 1 $ 136,000 $ 136,000 $ 63,000
Middlesex, New Jersey 1 $ 248,000 $ 248,000 $ 132,000
Morris, New Jersey 1 $ 1,680,000 $ 1,680,000 $ 1,677,000
Passaic, New Jersey 1 $ 20,000 $ 20,000 $ 102,000
Sussex, New Jersey 1 $ 568,000 $ 568,000 $ 164,000
Union, New Jersey 1 $ 176,000 $ 176,000 $ 276,000
Creek, Oklahoma 1 $ 11,500,000 $ 11,500,000 $ 0
Armstrong, Pennsylvania 1 $ 172,000 $ 172,000 $ 108,000
Cambria, Pennsylvania 1 $ 132,000 $ 132,000 $ 130,000
Clarion, Pennsylvania 1 $ 52,000 $ 52,000 $ 80,000
Columbia, Pennsylvania 1 $ 166,000 $ 166,000 $ 0
Dauphin, Pennsylvania 1 $ 185,000 $ 185,000 $ 170,000
Forest, Pennsylvania 1 $ 35,000 $ 35,000 $ 115,000
Lancaster, Pennsylvania 1 $ 278,000 $ 278,000 $ 126,000
Lawrence, Pennsylvania 1 $ 232,000 $ 232,000 $ 85,000
Bristol, Rhode Island 1 $ 500,000 $ 500,000 $ 162,000
Hardy, West Virginia 1 $ 218,000 $ 218,000 $ 89,000
Harrison, West Virginia 1 $ 195,000 $ 195,000 $ 92,000
Jefferson, West Virginia 1 $ 374,000 $ 374,000 $ 134,000
Marion, West Virginia 1 $ 165,000 $ 165,000 $ 31,000
Preston, West Virginia 1 $ 49,000 $ 49,000 $ 41,000

Mortgage Loan Application Detail Totals for First Niagara Bank in 2015

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 5,676 $1,232,986,000 $217,000 $22,112,000 $106,000 $5,228,000
Refinancing 3,134 $962,681,000 $307,000 $25,000,000 $134,000 $4,469,000
Home Improvement 1,379 $76,753,000 $55,000 $11,045,000 $76,000 $4,206,000

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 8,131 $1,646,448,000 $202,000 $4,874,000 $115,000 $5,228,000
Not Provided 819 $165,869,000 $202,000 $2,372,000 $110,000 $1,677,000
Black or African American 499 $64,093,000 $128,000 $1,000,000 $76,000 $4,206,000
Asian 285 $66,124,000 $232,000 $2,795,000 $119,000 $1,685,000
Hispanic 280 $40,831,000 $145,000 $1,663,000 $87,000 $1,056,000
Not applicable 121 $281,711,000 $2,328,000 $25,000,000 $0 $0
American Indian or Alaskan Native 38 $4,289,000 $112,000 $390,000 $93,000 $300,000
Native Hawaiian or Other Pacific Islander 16 $3,055,000 $190,000 $680,000 $76,000 $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) 8,810 $2,083,758,000 $236,000 $25,000,000 $119,000 $5,228,000
FHA-insured (Federal Housing Administration) 1,070 $142,039,000 $132,000 $1,058,000 $56,000 $285,000
VA-guaranteed (Veterans Administration) 216 $35,111,000 $162,000 $450,000 $68,000 $286,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 93 $11,512,000 $123,000 $306,000 $53,000 $123,000

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 6,607 $1,585,569,000 $239,000 $25,000,000 $109,000 $5,228,000
Application Denied By Financial Institution 1,704 $215,708,000 $126,000 $2,650,000 $86,000 $4,469,000
File Closed For Incompleteness 991 $239,114,000 $241,000 $2,465,000 $132,000 $2,022,000
Application Withdrawn By Applicant 521 $153,425,000 $294,000 $4,874,000 $158,000 $2,250,000
Application Approved But Not Accepted 307 $68,351,000 $222,000 $3,100,000 $133,000 $3,290,000
Preapproval Denied by Financial Institution 50 $8,643,000 $172,000 $545,000 $56,000 $180,000
Loan Purchased By The Institution 9 $1,610,000 $178,000 $319,000 $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 652 $30,670,000 $47,000 $659,000 $73,000 $635,000
Collateral 432 $96,361,000 $223,000 $2,650,000 $115,000 $1,159,000
Debt-To-Income Ratio 415 $56,808,000 $136,000 $1,780,000 $57,000 $541,000
Other 125 $18,409,000 $147,000 $900,000 $153,000 $4,469,000
Insufficient Cash (Downpayment, Closing Cost) 46 $10,681,000 $232,000 $1,316,000 $60,000 $397,000
Unverifiable Information 40 $3,132,000 $78,000 $400,000 $82,000 $295,000
Employment History 36 $6,692,000 $185,000 $700,000 $75,000 $701,000
Credit Application Incomplete 4 $1,280,000 $320,000 $920,000 $119,000 $398,000
Mortgage Insurance Denied 4 $318,000 $79,000 $145,000 $41,000 $55,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Niagara Bank's 2015 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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