First Niagara Bank Mortgage Lending & HMDA Data, 2011
In 2011, First Niagara Bank of Buffalo, NY reported 10,112 mortgage applications totaling $2.3 billion. The average application was for $227,543, and applicants reported an average income of $119,090. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Buffalo-Niagara Falls, NY (2,474), Pittsburgh, PA (982) and Hartford-West Hartford-East Hartford, CT (826) (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 | 10,112 |
| Total Mortgage Loan Application Amount | $2,300,922,000 |
| Average Mortgage Loan Application Amount | $227,543 |
| Highest Mortgage Loan Application Amount | $21,500,000 |
| Average Applicant Income | $119,090 |
| Highest Applicant Income | $4,082,000 |
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Act (HMDA) records First Niagara Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Niagara Falls, NY | 2,474 | $ 421,166,000 | $ 170,236 | $ 92,000 |
| Pittsburgh, PA | 982 | $ 149,319,000 | $ 152,056 | $ 84,000 |
| Hartford-West Hartford-East Hartford, CT | 826 | $ 162,806,000 | $ 197,101 | $ 107,000 |
| Albany-Schenectady-Troy, NY | 812 | $ 152,385,000 | $ 187,666 | $ 107,000 |
| Philadelphia, PA | 740 | $ 162,432,000 | $ 219,502 | $ 119,000 |
| Rochester, NY | 721 | $ 118,962,000 | $ 164,995 | $ 92,000 |
| Bridgeport-Stamford-Norwalk, CT | 601 | $ 551,085,000 | $ 916,946 | $ 380,000 |
| New Haven-Milford, CT | 548 | $ 101,760,000 | $ 185,693 | $ 109,000 |
| Springfield, MA | 354 | $ 60,624,000 | $ 171,254 | $ 83,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 203 | $ 67,611,000 | $ 333,059 | $ 93,019 |
| Syracuse, NY | 167 | $ 27,228,000 | $ 163,041 | $ 97,000 |
| Erie, PA | 135 | $ 23,063,000 | $ 170,837 | $ 85,000 |
| Utica-Rome, NY | 122 | $ 14,056,000 | $ 115,213 | $ 102,000 |
| Edison-New Brunswick, NJ | 56 | $ 12,700,000 | $ 226,785 | $ 151,000 |
| Norwich-New London, CT | 49 | $ 14,087,000 | $ 287,489 | $ 248,000 |
| Reading, PA | 49 | $ 6,494,000 | $ 132,530 | $ 91,000 |
| Boston-Quincy, MA | 39 | $ 35,927,000 | $ 921,205 | $ 442,000 |
| Glens Falls, NY | 39 | $ 7,283,000 | $ 186,743 | $ 137,000 |
| Camden, NJ | 28 | $ 4,675,000 | $ 166,964 | $ 87,000 |
| Ocean City, NJ | 25 | $ 7,546,000 | $ 301,840 | $ 260,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 25 | $ 3,977,000 | $ 159,080 | $ 75,000 |
| Cambridge-Newton-Framingham, MA | 17 | $ 16,049,000 | $ 944,058 | $ 311,000 |
| New York-White Plains-Wayne, NY-NJ | 16 | $ 3,359,000 | $ 209,937 | $ 90,625 |
| Wilmington, DE-MD-NJ | 12 | $ 1,582,000 | $ 131,833 | $ 74,000 |
| Worcester, MA | 10 | $ 3,021,000 | $ 302,100 | $ 116,000 |
| Nassau-Suffolk, NY | 9 | $ 1,229,000 | $ 136,555 | $ 139,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 1,618,000 | $ 202,250 | $ 186,000 |
| Kingston, NY | 8 | $ 522,000 | $ 65,250 | $ 58,000 |
| Newark-Union, NJ-PA | 8 | $ 2,585,000 | $ 323,125 | $ 139,000 |
| Peabody, MA | 8 | $ 6,213,000 | $ 776,625 | $ 222,000 |
| Binghamton, NY | 7 | $ 1,505,000 | $ 215,000 | $ 62,000 |
| Ithaca, NY | 7 | $ 3,858,000 | $ 551,142 | $ 57,000 |
| State College, PA | 7 | $ 900,000 | $ 128,571 | $ 95,000 |
| Atlantic City-Hammonton, NJ | 6 | $ 785,000 | $ 130,833 | $ 83,000 |
| Trenton-Ewing, NJ | 6 | $ 1,732,000 | $ 288,666 | $ 124,000 |
| Naples-Marco Island, FL | 5 | $ 1,536,000 | $ 307,200 | $ 424,000 |
| Scranton--Wilkes-Barre, PA | 5 | $ 317,000 | $ 63,400 | $ 45,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 2,193,000 | $ 548,250 | $ 721,000 |
| Pittsfield, MA | 4 | $ 1,303,000 | $ 325,750 | $ 258,000 |
| Vineland-Millville-Bridgeton, NJ | 4 | $ 141,000 | $ 35,250 | $ 40,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 1,255,000 | $ 313,750 | $ 733,000 |
| Lancaster, PA | 3 | $ 163,000 | $ 54,333 | $ 58,000 |
| Morgantown, WV | 3 | $ 586,000 | $ 195,333 | $ 131,000 |
| Youngstown-Warren-Boardman, OH-PA | 3 | $ 1,175,000 | $ 391,666 | $ 231,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 488,000 | $ 244,000 | $ 235,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 198,000 | $ 99,000 | $ 48,000 |
| Altoona, PA | 1 | $ 122,000 | $ 122,000 | $ 52,000 |
| Barnstable Town, MA | 1 | $ 400,000 | $ 400,000 | $ 229,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 20,000 | $ 20,000 | $ 66,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 50,000 | $ 50,000 | $ 107,000 |
| Dover, DE | 1 | $ 220,000 | $ 220,000 | $ 43,000 |
| Elmira, NY | 1 | $ 122,000 | $ 122,000 | $ 41,000 |
| Harrisburg-Carlisle, PA | 1 | $ 200,000 | $ 200,000 | $ 32,000 |
| Jacksonville, FL | 1 | $ 412,000 | $ 412,000 | $ 235,000 |
| Johnstown, PA | 1 | $ 116,000 | $ 116,000 | $ 32,000 |
| Lebanon, PA | 1 | $ 58,000 | $ 58,000 | $ 15,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 140,000 | $ 140,000 | $ 72,000 |
| Port St. Lucie, FL | 1 | $ 557,000 | $ 557,000 | $ 244,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 216,000 | $ 216,000 | $ 230,000 |
| Punta Gorda, FL | 1 | $ 116,000 | $ 116,000 | $ 121,000 |
| Steubenville-Weirton, OH-WV | 1 | $ 168,000 | $ 168,000 | $ 75,000 |
| Williamsport, PA | 1 | $ 173,000 | $ 173,000 | $ 95,000 |
| York-Hanover, PA | 1 | $ 77,000 | $ 77,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for First Niagara Bank in 2011
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 | 5,494 | $1,508,886,000 | $274,000 | $21,500,000 | $132,000 | $3,632,000 |
| Home Purchase | 3,860 | $755,948,000 | $195,000 | $9,775,000 | $108,000 | $4,082,000 |
| Home Improvement | 758 | $36,088,000 | $47,000 | $3,798,000 | $82,000 | $1,560,000 |
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 | 8,844 | $1,879,348,000 | $212,000 | $3,500,000 | $124,000 | $4,082,000 |
| Not Provided | 354 | $58,079,000 | $164,000 | $2,000,000 | $110,000 | $1,831,000 |
| Hispanic | 263 | $40,440,000 | $153,000 | $1,660,000 | $77,000 | $583,000 |
| Black or African American | 252 | $29,879,000 | $118,000 | $480,000 | $63,000 | $306,000 |
| Asian | 196 | $52,984,000 | $270,000 | $1,975,000 | $156,000 | $1,888,000 |
| Not applicable | 170 | $234,697,000 | $1,380,000 | $21,500,000 | $0 | $54,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $2,517,000 | $148,000 | $417,000 | $147,000 | $881,000 |
| American Indian or Alaskan Native | 16 | $2,978,000 | $186,000 | $1,088,000 | $72,000 | $257,000 |
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) | 8,480 | $2,079,210,000 | $245,000 | $21,500,000 | $130,000 | $4,082,000 |
| FHA-insured (Federal Housing Administration) | 1,453 | $194,145,000 | $133,000 | $417,000 | $60,000 | $911,000 |
| VA-guaranteed (Veterans Administration) | 140 | $22,947,000 | $163,000 | $578,000 | $68,000 | $334,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $4,620,000 | $118,000 | $241,000 | $46,000 | $82,000 |
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 | 7,505 | $1,713,536,000 | $228,000 | $21,500,000 | $119,000 | $4,082,000 |
| Application Denied By Financial Institution | 1,418 | $274,705,000 | $193,000 | $2,500,000 | $104,000 | $3,258,000 |
| Application Withdrawn By Applicant | 745 | $236,590,000 | $317,000 | $3,115,000 | $153,000 | $2,312,000 |
| Application Approved But Not Accepted | 305 | $50,437,000 | $165,000 | $2,400,000 | $114,000 | $1,273,000 |
| File Closed For Incompleteness | 114 | $20,958,000 | $183,000 | $902,000 | $96,000 | $730,000 |
| Preapproval Denied by Financial Institution | 16 | $2,801,000 | $175,000 | $450,000 | $56,000 | $168,000 |
| Loan Purchased By The Institution | 9 | $1,895,000 | $210,000 | $402,000 | $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 | 477 | $102,287,000 | $214,000 | $2,490,000 | $116,000 | $2,040,000 |
| Credit History | 358 | $28,436,000 | $79,000 | $1,490,000 | $81,000 | $1,560,000 |
| Debt-To-Income Ratio | 346 | $65,703,000 | $189,000 | $2,500,000 | $64,000 | $501,000 |
| Other | 106 | $19,375,000 | $182,000 | $2,000,000 | $109,000 | $857,000 |
| Credit Application Incomplete | 87 | $49,511,000 | $569,000 | $2,054,000 | $291,000 | $3,258,000 |
| Employment History | 20 | $2,810,000 | $140,000 | $375,000 | $62,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $4,686,000 | $234,000 | $1,000,000 | $59,000 | $204,000 |
| Unverifiable Information | 14 | $3,345,000 | $238,000 | $1,000,000 | $133,000 | $389,000 |
| Mortgage Insurance Denied | 6 | $1,353,000 | $225,000 | $374,000 | $77,000 | $104,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Niagara Bank's 2011 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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