M&M Resources Unlimited Inc Mortgage Lending & HMDA Data, 2003
In 2003, M&M Resources Unlimited Inc of Rochester, NY reported 288 mortgage applications totaling $28.6 million. The average application was for $99,326, and applicants reported an average income of $76,097. 1% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Rochester, NY (117), Buffalo-Niagara Falls, NY (77) and Elmira, NY (19) (applications in parentheses).
| Mortgage Company & Address | M&M Resources Unlimited Inc 470 Long Pond Rd Suite 205 Rochester, NY 14612 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 288 |
| Total Mortgage Loan Application Amount | $28,606,000 |
| Average Mortgage Loan Application Amount | $99,326 |
| Highest Mortgage Loan Application Amount | $4,375,000 |
| Average Applicant Income | $76,097 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&M Resources Unlimited Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Monroe, New York | 97 | $ 8,310,000 | $ 85,670 | $ 47,000 |
| Erie, New York | 58 | $ 4,183,000 | $ 72,120 | $ 41,000 |
| Chemung, New York | 19 | $ 1,331,000 | $ 70,052 | $ 47,000 |
| Niagara, New York | 19 | $ 1,372,000 | $ 72,210 | $ 50,000 |
| Onondaga, New York | 15 | $ 1,219,000 | $ 81,266 | $ 150,000 |
| Wayne, New York | 9 | $ 705,000 | $ 78,333 | $ 55,000 |
| Steuben, New York | 6 | $ 344,000 | $ 57,333 | $ 34,000 |
| Kings, New York | 5 | $ 392,000 | $ 78,400 | $ 71,000 |
| Cattaraugus, New York | 4 | $ 213,000 | $ 53,250 | $ 27,000 |
| Genesee, New York | 4 | $ 273,000 | $ 68,250 | $ 48,000 |
| Orleans, New York | 4 | $ 303,000 | $ 75,750 | $ 47,000 |
| Tompkins, New York | 4 | $ 387,000 | $ 96,750 | $ 76,000 |
| Allegany, New York | 3 | $ 130,000 | $ 43,333 | $ 32,000 |
| Broome, New York | 3 | $ 279,000 | $ 93,000 | $ 172,000 |
| Westchester, New York | 3 | $ 6,809,000 | $ 2,269,666 | $ 817,000 |
| Wyoming, New York | 3 | $ 231,000 | $ 77,000 | $ 33,000 |
| Chautauqua, New York | 2 | $ 128,000 | $ 64,000 | $ 31,000 |
| Ontario, New York | 2 | $ 87,000 | $ 43,500 | $ 18,000 |
| Oswego, New York | 2 | $ 125,000 | $ 62,500 | $ 59,000 |
| Otsego, New York | 2 | $ 166,000 | $ 83,000 | $ 42,000 |
| Queens, New York | 2 | $ 55,000 | $ 27,500 | $ 73,000 |
| Schoharie, New York | 2 | $ 156,000 | $ 78,000 | $ 36,000 |
| Albany, New York | 1 | $ 44,000 | $ 44,000 | $ 28,000 |
| Cayuga, New York | 1 | $ 38,000 | $ 38,000 | $ 133,000 |
| Greene, New York | 1 | $ 35,000 | $ 35,000 | $ 76,000 |
| Livingston, New York | 1 | $ 35,000 | $ 35,000 | $ 61,000 |
| Orange, New York | 1 | $ 135,000 | $ 135,000 | $ 48,000 |
| Schenectady, New York | 1 | $ 10,000 | $ 10,000 | $ 78,000 |
| Seneca, New York | 1 | $ 133,000 | $ 133,000 | $ 36,000 |
| Suffolk, New York | 1 | $ 87,000 | $ 87,000 | $ 73,000 |
| Ulster, New York | 1 | $ 203,000 | $ 203,000 | $ 106,000 |
| Yates, New York | 1 | $ 80,000 | $ 80,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for M&M Resources Unlimited Inc in 2003
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 (one-to-four family) | 288 | $28,606,000 | $80,000 | $4,375,000 | $64,000 | $1,200,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 245 | $26,195,000 | $86,000 | $4,375,000 | $74,000 | $1,200,000 |
| Black | 24 | $1,253,000 | $52,000 | $155,000 | $43,000 | $117,000 |
| Information not provided by applicant in mail or telephone application | 9 | $665,000 | $54,500 | $133,000 | $25,500 | $73,000 |
| Other | 4 | $214,000 | $53,000 | $98,000 | $37,000 | $70,000 |
| Hispanic | 4 | $172,000 | $43,000 | $60,000 | $54,000 | $132,000 |
| Asian or Pacific Islander | 2 | $107,000 | $53,000 | $59,000 | $19,000 | $20,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 244 | $25,382,000 | $84,500 | $4,375,000 | $72,500 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 44 | $3,224,000 | $52,000 | $126,000 | $22,500 | $80,000 |
| 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 | 144 | $11,422,000 | $79,000 | $368,000 | $51,000 | $300,000 |
| Application Withdrawn By Applicant | 72 | $9,637,000 | $90,500 | $4,375,000 | $71,000 | $1,200,000 |
| Application Denied By Financial Institution | 61 | $4,245,000 | $62,000 | $301,000 | $46,500 | $973,000 |
| Application Approved But Not Accepted | 6 | $3,016,000 | $358,500 | $2,405,000 | $311,500 | $1,200,000 |
| Loan Originated | 4 | $231,000 | $57,000 | $94,000 | $59,000 | $106,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $21,000 | $21,000 |
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 | 23 | $1,988,000 | $73,000 | $301,000 | $31,500 | $123,000 |
| Other | 12 | $709,000 | $59,000 | $195,000 | $34,000 | $97,000 |
| Collateral | 11 | $521,000 | $47,000 | $107,000 | $36,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $425,000 | $55,000 | $98,000 | $36,000 | $44,000 |
| Debt-To-Income Ratio | 4 | $444,000 | $111,000 | $300,000 | $267,000 | $973,000 |
| Employment History | 2 | $82,000 | $41,000 | $72,000 | $62,000 | $78,000 |
| Unverifiable Information | 2 | $76,000 | $38,000 | $47,000 | $42,000 | $52,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&M Resources Unlimited Inc's 2003 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 M&M Resources Unlimited Inc'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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