M&M Resources Unlimited Inc Mortgage Lending & HMDA Data, 2006
In 2006, M&M Resources Unlimited Inc of Rochester, NY reported 233 mortgage applications totaling $23.8 million, down 2% from 2005. The average application was for $102,103, and applicants reported an average income of $59,854. 55% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Rochester, NY (93), Elmira, NY (29) and Buffalo-Niagara Falls, NY (20) (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 | 233 |
| Total Mortgage Loan Application Amount | $23,790,000 |
| Average Mortgage Loan Application Amount | $102,103 |
| Highest Mortgage Loan Application Amount | $636,000 |
| Average Applicant Income | $59,854 |
| Highest Applicant Income | $419,000 |
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records M&M Resources Unlimited Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 75 | $ 7,119,000 | $ 94,920 | $ 61,000 |
| Chemung, New York | 29 | $ 1,721,000 | $ 59,344 | $ 47,000 |
| Erie, New York | 18 | $ 1,299,000 | $ 72,166 | $ 35,000 |
| Onondaga, New York | 12 | $ 1,953,000 | $ 162,750 | $ 53,000 |
| Ontario, New York | 9 | $ 1,260,000 | $ 140,000 | $ 75,000 |
| Genesee, New York | 8 | $ 857,000 | $ 107,125 | $ 68,000 |
| Madison, New York | 8 | $ 1,325,000 | $ 165,625 | $ 96,000 |
| Oneida, New York | 8 | $ 750,000 | $ 93,750 | $ 32,000 |
| Wayne, New York | 6 | $ 613,000 | $ 102,166 | $ 55,000 |
| Cayuga, New York | 3 | $ 398,000 | $ 132,666 | $ 70,000 |
| Lewis, New York | 3 | $ 228,000 | $ 76,000 | $ 63,000 |
| Steuben, New York | 3 | $ 199,000 | $ 66,333 | $ 81,000 |
| Wyoming, New York | 3 | $ 123,000 | $ 41,000 | $ 8,000 |
| Broome, New York | 2 | $ 97,000 | $ 48,500 | $ 21,000 |
| Chenango, New York | 2 | $ 106,000 | $ 53,000 | $ 37,000 |
| Herkimer, New York | 2 | $ 108,000 | $ 54,000 | $ 39,000 |
| Livingston, New York | 2 | $ 220,000 | $ 110,000 | $ 59,000 |
| Niagara, New York | 2 | $ 116,000 | $ 58,000 | $ 14,000 |
| Seneca, New York | 2 | $ 158,000 | $ 79,000 | $ 52,000 |
| Westchester, New York | 2 | $ 630,000 | $ 315,000 | $ 171,000 |
| Kings, New York | 1 | $ 362,000 | $ 362,000 | $ 117,000 |
| Orange, New York | 1 | $ 175,000 | $ 175,000 | $ 76,000 |
| Orleans, New York | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Queens, New York | 1 | $ 37,000 | $ 37,000 | $ 40,000 |
| Suffolk, New York | 1 | $ 90,000 | $ 90,000 | $ 33,000 |
| Ulster, New York | 1 | $ 98,000 | $ 98,000 | $ 40,000 |
| Washington, New York | 1 | $ 125,000 | $ 125,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for M&M Resources Unlimited Inc in 2006
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 | 144 | $14,854,000 | $103,000 | $362,000 | $61,000 | $419,000 |
| Refinancing | 89 | $8,936,000 | $100,000 | $636,000 | $58,000 | $280,000 |
| 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 | 207 | $20,846,000 | $100,000 | $636,000 | $58,000 | $419,000 |
| Black or African American | 15 | $1,916,000 | $127,000 | $362,000 | $93,000 | $156,000 |
| Hispanic | 8 | $589,000 | $73,000 | $141,000 | $30,000 | $50,000 |
| Asian | 2 | $387,000 | $193,000 | $313,000 | $108,000 | $130,000 |
| American Indian or Alaskan Native | 1 | $52,000 | $52,000 | $52,000 | $24,000 | $24,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 189 | $19,492,000 | $103,000 | $636,000 | $62,000 | $419,000 |
| FHA-insured (Federal Housing Administration) | 44 | $4,298,000 | $97,000 | $220,000 | $48,000 | $122,000 |
| 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 | 128 | $12,737,000 | $99,000 | $315,000 | $64,000 | $419,000 |
| Application Withdrawn By Applicant | 47 | $5,748,000 | $122,000 | $636,000 | $52,000 | $280,000 |
| Application Denied By Financial Institution | 44 | $3,841,000 | $87,000 | $200,000 | $52,000 | $413,000 |
| Application Approved But Not Accepted | 8 | $774,000 | $96,000 | $315,000 | $86,000 | $253,000 |
| File Closed For Incompleteness | 5 | $594,000 | $118,000 | $235,000 | $37,000 | $85,000 |
| Loan Purchased By The Institution | 1 | $96,000 | $96,000 | $96,000 | $45,000 | $45,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 15 | $1,385,000 | $92,000 | $192,000 | $23,000 | $48,000 |
| Collateral | 10 | $759,000 | $75,000 | $141,000 | $61,000 | $121,000 |
| Debt-To-Income Ratio | 5 | $463,000 | $92,000 | $165,000 | $119,000 | $413,000 |
| Credit Application Incomplete | 4 | $287,000 | $71,000 | $108,000 | $67,000 | $157,000 |
| Unverifiable Information | 3 | $311,000 | $103,000 | $175,000 | $59,000 | $73,000 |
| Other | 2 | $108,000 | $54,000 | $71,000 | $41,000 | $43,000 |
| Employment History | 2 | $285,000 | $142,000 | $200,000 | $37,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $89,000 | $89,000 | $89,000 | $44,000 | $44,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&M Resources Unlimited Inc's 2006 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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