M&M Resources Unlimited Inc Mortgage Lending & HMDA Data, 2004
In 2004, M&M Resources Unlimited Inc of Rochester, NY reported 291 mortgage applications totaling $25.4 million, up 1% from 2003. The average application was for $87,140, and applicants reported an average income of $54,563. 49% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Rochester, NY (83), Buffalo-Niagara Falls, NY (70) and Elmira, NY (30) (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 | 291 |
| Total Mortgage Loan Application Amount | $25,358,000 |
| Average Mortgage Loan Application Amount | $87,140 |
| Highest Mortgage Loan Application Amount | $563,000 |
| Average Applicant Income | $54,563 |
| Highest Applicant Income | $241,000 |
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records M&M Resources Unlimited Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 68 | $ 5,746,000 | $ 84,500 | $ 59,000 |
| Erie, New York | 47 | $ 4,985,000 | $ 106,063 | $ 70,000 |
| Chemung, New York | 30 | $ 2,097,000 | $ 69,900 | $ 47,000 |
| Niagara, New York | 23 | $ 2,419,000 | $ 105,173 | $ 76,000 |
| Steuben, New York | 13 | $ 869,000 | $ 66,846 | $ 41,000 |
| Oneida, New York | 10 | $ 721,000 | $ 72,100 | $ 42,000 |
| Genesee, New York | 6 | $ 398,000 | $ 66,333 | $ 43,000 |
| Wayne, New York | 6 | $ 701,000 | $ 116,833 | $ 49,000 |
| Allegany, New York | 4 | $ 174,000 | $ 43,500 | $ 41,000 |
| Chautauqua, New York | 4 | $ 369,000 | $ 92,250 | $ 57,000 |
| Livingston, New York | 3 | $ 252,000 | $ 84,000 | $ 92,000 |
| Montgomery, New York | 3 | $ 153,000 | $ 51,000 | $ 33,000 |
| Nassau, New York | 3 | $ 257,000 | $ 85,666 | $ 52,000 |
| Ontario, New York | 3 | $ 259,000 | $ 86,333 | $ 60,000 |
| Orleans, New York | 3 | $ 310,000 | $ 103,333 | $ 43,000 |
| Suffolk, New York | 3 | $ 540,000 | $ 180,000 | $ 100,000 |
| Cattaraugus, New York | 2 | $ 118,000 | $ 59,000 | $ 35,000 |
| Cayuga, New York | 2 | $ 93,000 | $ 46,500 | $ 58,000 |
| Kings, New York | 2 | $ 65,000 | $ 32,500 | $ 88,000 |
| Rockland, New York | 2 | $ 598,000 | $ 299,000 | $ 80,000 |
| Broome, New York | 1 | $ 34,000 | $ 34,000 | $ 54,000 |
| Dutchess, New York | 1 | $ 46,000 | $ 46,000 | $ 37,000 |
| Fulton, New York | 1 | $ 61,000 | $ 61,000 | $ 12,000 |
| Greene, New York | 1 | $ 100,000 | $ 100,000 | $ 53,000 |
| Onondaga, New York | 1 | $ 52,000 | $ 52,000 | $ 23,000 |
| Orange, New York | 1 | $ 72,000 | $ 72,000 | $ 117,000 |
| Oswego, New York | 1 | $ 57,000 | $ 57,000 | $ 36,000 |
| Queens, New York | 1 | $ 71,000 | $ 71,000 | $ 49,000 |
| Seneca, New York | 1 | $ 68,000 | $ 68,000 | $ 33,000 |
| Ulster, New York | 1 | $ 109,000 | $ 109,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for M&M Resources Unlimited Inc in 2004
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 | 276 | $24,428,000 | $85,000 | $563,000 | $51,000 | $241,000 |
| Refinancing | 15 | $930,000 | $51,500 | $146,000 | $42,500 | $120,000 |
| Home Improvement | 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 | 244 | $21,184,000 | $82,000 | $445,000 | $49,000 | $230,000 |
| Black or African American | 30 | $2,424,000 | $83,500 | $294,000 | $58,500 | $160,000 |
| Not Provided | 9 | $1,136,000 | $126,000 | $563,000 | $50,000 | $86,000 |
| Hispanic | 7 | $449,000 | $69,500 | $158,000 | $34,500 | $74,000 |
| Asian | 1 | $165,000 | $165,000 | $165,000 | $241,000 | $241,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 265 | $23,035,000 | $84,000 | $563,000 | $52,000 | $241,000 |
| FHA-insured (Federal Housing Administration) | 26 | $2,323,000 | $88,500 | $159,000 | $45,500 | $146,000 |
| 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 Originated | 142 | $12,289,000 | $136,000 | $300,000 | $120,500 | $241,000 |
| Application Denied By Financial Institution | 95 | $7,615,000 | $78,000 | $445,000 | $47,500 | $146,000 |
| Application Withdrawn By Applicant | 30 | $2,922,000 | $86,000 | $380,000 | $56,000 | $229,000 |
| Application Approved But Not Accepted | 10 | $975,000 | $76,000 | $144,000 | $49,500 | $103,000 |
| File Closed For Incompleteness | 9 | $1,201,000 | $127,500 | $563,000 | $53,500 | $99,000 |
| Preapproval Denied by Financial Institution | 4 | $261,000 | $65,000 | $109,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 1 | $95,000 | $95,000 | $95,000 | $0 | $0 |
| Loan Purchased By The Institution | 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 | 37 | $2,607,000 | $70,000 | $180,000 | $35,500 | $111,000 |
| Collateral | 14 | $883,000 | $63,000 | $158,000 | $50,000 | $110,000 |
| Unverifiable Information | 13 | $1,406,000 | $100,500 | $445,000 | $48,000 | $104,000 |
| Credit Application Incomplete | 11 | $979,000 | $78,000 | $228,000 | $43,500 | $141,000 |
| Debt-To-Income Ratio | 10 | $968,000 | $96,000 | $442,000 | $52,000 | $146,000 |
| Other | 8 | $562,000 | $71,000 | $100,000 | $53,500 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $362,000 | $57,000 | $135,000 | $39,500 | $114,000 |
| Employment History | 1 | $109,000 | $109,000 | $109,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&M Resources Unlimited Inc's 2004 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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