First Niagara Bank Mortgage Lending & HMDA Data, 2016
In 2016, First Niagara Bank of Buffalo, NY reported 8,505 mortgage applications totaling $1.9 billion, down 17% from 2015. The average application was for $221,424, and applicants reported an average income of $115,077. 69% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (2,316), Rochester, NY (659) and Pittsburgh, PA (577) (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 | 8,505 |
| Total Mortgage Loan Application Amount | $1,883,212,000 |
| Average Mortgage Loan Application Amount | $221,424 |
| Highest Mortgage Loan Application Amount | $24,800,000 |
| Average Applicant Income | $115,077 |
| Highest Applicant Income | $7,081,000 |
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Act (HMDA) records First Niagara Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Buffalo-Cheektowaga-Niagara Falls, NY | 2,316 | $ 352,273,000 | $ 152,104 | $ 85,000 |
| Rochester, NY | 659 | $ 80,678,000 | $ 122,424 | $ 72,000 |
| Pittsburgh, PA | 577 | $ 82,132,000 | $ 142,343 | $ 106,000 |
| New Haven-Milford, CT | 483 | $ 106,535,000 | $ 220,569 | $ 94,000 |
| Hartford-West Hartford-East Hartford, CT | 469 | $ 93,440,000 | $ 199,232 | $ 109,000 |
| Albany-Schenectady-Troy, NY | 435 | $ 102,665,000 | $ 236,011 | $ 113,000 |
| Bridgeport-Stamford-Norwalk, CT | 392 | $ 302,668,000 | $ 772,112 | $ 316,000 |
| Montgomery County-Bucks County-Chester County, PA | 364 | $ 86,128,000 | $ 236,615 | $ 129,000 |
| New York-Jersey City-White Plains, NY-NJ | 346 | $ 175,170,000 | $ 506,271 | $ 212,820 |
| Springfield, MA | 295 | $ 54,003,000 | $ 183,061 | $ 82,000 |
| Utica-Rome, NY | 235 | $ 27,346,000 | $ 116,365 | $ 73,000 |
| Syracuse, NY | 136 | $ 13,812,000 | $ 101,558 | $ 86,000 |
| Philadelphia, PA | 111 | $ 36,674,000 | $ 330,396 | $ 185,000 |
| Cambridge-Newton-Framingham, MA | 93 | $ 58,282,000 | $ 626,688 | $ 232,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 92 | $ 12,944,000 | $ 140,695 | $ 94,000 |
| Binghamton, NY | 77 | $ 6,544,000 | $ 84,987 | $ 65,000 |
| Boston, MA | 72 | $ 44,028,000 | $ 611,500 | $ 250,000 |
| Erie, PA | 72 | $ 9,726,000 | $ 135,083 | $ 98,000 |
| Dutchess County-Putnam County, NY | 71 | $ 16,406,000 | $ 231,070 | $ 117,000 |
| Worcester, MA-CT | 65 | $ 11,365,000 | $ 174,846 | $ 70,661 |
| Watertown-Fort Drum, NY | 52 | $ 5,048,000 | $ 97,076 | $ 74,000 |
| Ithaca, NY | 30 | $ 6,245,000 | $ 208,166 | $ 117,000 |
| Nassau County-Suffolk County, NY | 30 | $ 16,265,000 | $ 542,166 | $ 303,000 |
| Norwich-New London, CT | 26 | $ 5,992,000 | $ 230,461 | $ 91,000 |
| Reading, PA | 26 | $ 3,931,000 | $ 151,192 | $ 91,000 |
| Glens Falls, NY | 17 | $ 5,180,000 | $ 304,705 | $ 260,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 13 | $ 5,142,000 | $ 395,538 | $ 553,000 |
| Providence-Warwick, RI-MA | 12 | $ 3,770,000 | $ 314,166 | $ 124,666 |
| Kingston, NY | 11 | $ 1,439,000 | $ 130,818 | $ 68,000 |
| Newark, NJ-PA | 9 | $ 2,760,000 | $ 306,666 | $ 170,777 |
| Barnstable Town, MA | 8 | $ 3,760,000 | $ 470,000 | $ 256,000 |
| Ocean City, NJ | 8 | $ 5,519,000 | $ 689,875 | $ 413,000 |
| East Stroudsburg, PA | 7 | $ 937,000 | $ 133,857 | $ 93,000 |
| Naples-Immokalee-Marco Island, FL | 7 | $ 2,417,000 | $ 345,285 | $ 214,000 |
| Salisbury, MD-DE | 7 | $ 4,760,000 | $ 680,000 | $ 280,000 |
| Lancaster, PA | 6 | $ 1,122,000 | $ 187,000 | $ 91,000 |
| Palm Bay-Melbourne-Titusville, FL | 6 | $ 1,054,000 | $ 175,666 | $ 147,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 934,000 | $ 155,666 | $ 151,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 2,511,000 | $ 502,200 | $ 294,000 |
| Atlantic City-Hammonton, NJ | 4 | $ 1,358,000 | $ 339,500 | $ 199,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 705,000 | $ 176,250 | $ 95,000 |
| Elmira, NY | 4 | $ 725,000 | $ 181,250 | $ 116,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 852,000 | $ 213,000 | $ 128,000 |
| Sebastian-Vero Beach, FL | 4 | $ 745,000 | $ 186,250 | $ 262,000 |
| Camden, NJ | 3 | $ 1,653,000 | $ 551,000 | $ 144,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 461,000 | $ 153,666 | $ 88,000 |
| Johnstown, PA | 3 | $ 225,000 | $ 75,000 | $ 72,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 3 | $ 11,291,000 | $ 3,763,666 | $ 112,000 |
| State College, PA | 3 | $ 342,000 | $ 114,000 | $ 61,000 |
| York-Hanover, PA | 3 | $ 302,000 | $ 100,666 | $ 56,000 |
| Harrisburg-Carlisle, PA | 2 | $ 605,000 | $ 302,500 | $ 181,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 610,000 | $ 305,000 | $ 81,000 |
| Morgantown, WV | 2 | $ 243,000 | $ 121,500 | $ 54,000 |
| Pittsfield, MA | 2 | $ 330,000 | $ 165,000 | $ 109,000 |
| Altoona, PA | 1 | $ 71,000 | $ 71,000 | $ 20,000 |
| Gettysburg, PA | 1 | $ 125,000 | $ 125,000 | $ 89,000 |
| Homosassa Springs, FL | 1 | $ 194,000 | $ 194,000 | $ 91,000 |
| Jacksonville, FL | 1 | $ 150,000 | $ 150,000 | $ 69,000 |
| Lakeland-Winter Haven, FL | 1 | $ 90,000 | $ 90,000 | $ 133,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 216,000 | $ 216,000 | $ 523,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 294,000 | $ 294,000 | $ 185,000 |
| Port St. Lucie, FL | 1 | $ 260,000 | $ 260,000 | $ 190,000 |
| The Villages, FL | 1 | $ 177,000 | $ 177,000 | $ 83,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 10,000 | $ 10,000 | $ 48,000 |
| Wilmington, DE-MD-NJ | 1 | $ 228,000 | $ 228,000 | $ 256,000 |
Mortgage Loan Application Detail Totals for First Niagara Bank in 2016
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 | 4,991 | $1,063,745,000 | $213,000 | $24,219,000 | $103,000 | $3,672,000 |
| Refinancing | 2,711 | $773,688,000 | $285,000 | $24,800,000 | $148,000 | $7,081,000 |
| Home Improvement | 803 | $45,779,000 | $57,000 | $2,675,000 | $79,000 | $519,000 |
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 | 6,473 | $1,374,132,000 | $212,000 | $4,550,000 | $119,000 | $7,081,000 |
| Not Provided | 872 | $168,326,000 | $193,000 | $1,800,000 | $118,000 | $1,378,000 |
| Black or African American | 373 | $46,497,000 | $124,000 | $1,320,000 | $72,000 | $690,000 |
| Asian | 362 | $89,541,000 | $247,000 | $2,275,000 | $133,000 | $1,885,000 |
| Hispanic | 312 | $45,474,000 | $145,000 | $1,350,000 | $77,000 | $1,227,000 |
| Not applicable | 63 | $152,141,000 | $2,414,000 | $24,800,000 | $0 | $0 |
| American Indian or Alaskan Native | 35 | $5,721,000 | $163,000 | $664,000 | $90,000 | $333,000 |
| Native Hawaiin or Other Pacific Islander | 15 | $1,380,000 | $92,000 | $149,000 | $97,000 | $419,000 |
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) | 7,426 | $1,743,203,000 | $234,000 | $24,800,000 | $124,000 | $7,081,000 |
| FHA-insured (Federal Housing Administration) | 877 | $110,633,000 | $126,000 | $638,000 | $53,000 | $312,000 |
| VA-guaranteed (Veterans Administration) | 136 | $22,106,000 | $162,000 | $417,000 | $70,000 | $259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 66 | $7,270,000 | $110,000 | $221,000 | $47,000 | $95,000 |
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 | 5,888 | $1,340,208,000 | $227,000 | $24,800,000 | $114,000 | $3,715,000 |
| Application Denied By Financial Institution | 1,163 | $188,145,000 | $161,000 | $3,600,000 | $89,000 | $1,885,000 |
| File Closed For Incompleteness | 768 | $183,549,000 | $238,000 | $2,240,000 | $141,000 | $2,278,000 |
| Application Withdrawn By Applicant | 341 | $92,177,000 | $270,000 | $1,925,000 | $148,000 | $7,081,000 |
| Application Approved But Not Accepted | 310 | $71,405,000 | $230,000 | $1,776,000 | $126,000 | $1,523,000 |
| Preapproval Denied by Financial Institution | 30 | $7,191,000 | $239,000 | $2,450,000 | $126,000 | $2,300,000 |
| Loan Purchased By The Institution | 5 | $537,000 | $107,000 | $177,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 378 | $101,558,000 | $268,000 | $3,600,000 | $134,000 | $1,885,000 |
| Debt-To-Income Ratio | 366 | $46,260,000 | $126,000 | $1,950,000 | $53,000 | $499,000 |
| Credit History | 289 | $20,426,000 | $70,000 | $2,450,000 | $88,000 | $2,300,000 |
| Other | 94 | $16,671,000 | $177,000 | $3,000,000 | $80,000 | $1,026,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 25 | $5,040,000 | $201,000 | $1,108,000 | $93,000 | $782,000 |
| Employment History | 16 | $2,333,000 | $145,000 | $360,000 | $43,000 | $185,000 |
| Mortgage Insurance Denied | 10 | $1,292,000 | $129,000 | $417,000 | $61,000 | $232,000 |
| Credit Application Incomplete | 9 | $1,046,000 | $116,000 | $232,000 | $54,000 | $106,000 |
| Unverifiable Information | 6 | $710,000 | $118,000 | $260,000 | $69,000 | $140,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Niagara Bank's 2016 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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