AllMortgageDetail - Mortgage Application Details

M&T Bank
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address M&T Bank
701 Seneca Street - Suite 330N
Buffalo, NY 14210
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 32,281
Total Mortgage Loan Application Amount $7,541,629,000
Average Mortgage Loan Application Amount $199,565
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $35,305
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for M&T Bank in 2014

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 16,369 $5,154,743,000 $314,000 $99,999,000 $61,000 $9,999,000
Refinancing 10,777 $2,076,359,000 $192,000 $15,500,000 $57,000 $9,999,000
Home Improvement 5,302 $344,085,000 $64,000 $99,999,000 $60,000 $2,304,000

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 17,782 $2,620,294,000 $147,000 $8,500,000 $79,000 $9,999,000
Not applicable 7,036 $3,837,715,000 $545,000 $99,999,000 $0 $2,357,000
Black or African American 2,705 $290,631,000 $107,000 $1,500,000 $45,000 $1,979,000
Not Provided 2,513 $436,665,000 $173,000 $3,000,000 $104,000 $3,550,000
Hispanic 1,443 $200,902,000 $139,000 $789,000 $46,000 $1,900,000
Asian 764 $166,080,000 $217,000 $2,000,000 $102,000 $4,710,000
American Indian or Alaskan Native 134 $12,075,000 $90,000 $770,000 $58,000 $810,000
Native Hawaiin or Other Pacific Islander 71 $10,825,000 $152,000 $577,000 $58,000 $500,000

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) 20,027 $5,380,225,000 $268,000 $99,999,000 $83,000 $9,999,000
FHA-insured (Federal Housing Administration) 10,706 $1,887,782,000 $176,000 $1,227,000 $19,000 $1,584,000
VA-guaranteed (Veterans Administration) 1,135 $220,777,000 $194,000 $733,000 $53,000 $442,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 580 $86,403,000 $148,000 $410,000 $43,000 $125,000

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 17,219 $5,163,805,000 $299,000 $99,999,000 $77,000 $9,999,000
Loan Purchased By The Institution 6,490 $1,281,353,000 $197,000 $1,227,000 $0 $0
Application Denied By Financial Institution 5,180 $445,945,000 $86,000 $4,300,000 $59,000 $1,706,000
Application Withdrawn By Applicant 1,476 $326,165,000 $220,000 $8,000,000 $100,000 $9,999,000
Application Approved But Not Accepted 1,397 $248,469,000 $177,000 $2,138,000 $87,000 $8,311,000
File Closed For Incompleteness 519 $75,892,000 $146,000 $700,000 $52,000 $2,304,000
Preapproval Denied by Financial Institution 167 $33,558,000 $200,000 $1,500,000 $63,000 $342,000
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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0