M&T Bank Mortgage Lending & HMDA Data, 2018
In 2018, M&T Bank of Buffalo, NY reported 40,425 mortgage applications totaling $6.9 billion, up 46% from 2017. The average application was for $171,864, and applicants reported an average income of $109,186. 58% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (5,728), Baltimore-Columbia-Towson, MD (4,307) and New York-Jersey City-White Plains, NY-NJ (3,708) (applications in parentheses).
| Mortgage Company & Address | M&T Bank 701 Seneca Street - Suite 330n Buffalo, NY 14203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 40,425 |
| Total Mortgage Loan Application Amount | $6,947,610,000 |
| Average Mortgage Loan Application Amount | $171,864 |
| Highest Mortgage Loan Application Amount | $50,005,000 |
| Average Applicant Income | $109,186 |
| Highest Applicant Income | $9,892,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&T Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for M&T Bank in 2018
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 | 11,873 | $3,082,380,000 | $259,000 | $50,005,000 | $102,000 | $4,375,000 |
| Refinancing | 10,043 | $1,587,655,000 | $158,000 | $27,405,000 | $114,000 | $3,834,000 |
| Home Improvement | 8,968 | $776,870,000 | $86,000 | $30,405,000 | $112,000 | $8,458,000 |
| Other Purpose | 5,200 | $536,650,000 | $103,000 | $5,805,000 | $114,000 | $9,892,000 |
| Cash-out Refinancing | 3,202 | $729,470,000 | $227,000 | $4,405,000 | $114,000 | $5,686,000 |
| Not Applicable | 1,139 | $234,585,000 | $205,000 | $825,000 | $84,000 | $414,000 |
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 | 27,623 | $3,788,955,000 | $137,000 | $5,805,000 | $115,000 | $9,892,000 |
| Not applicable | 4,160 | $1,817,945,000 | $437,000 | $50,005,000 | $88,000 | $736,000 |
| Black or African American | 3,258 | $411,850,000 | $126,000 | $3,005,000 | $82,000 | $1,650,000 |
| Not Provided | 1,859 | $341,875,000 | $183,000 | $4,405,000 | $133,000 | $5,686,000 |
| Hispanic | 1,847 | $261,505,000 | $141,000 | $1,085,000 | $84,000 | $1,618,000 |
| Asian | 1,201 | $247,445,000 | $206,000 | $1,875,000 | $120,000 | $1,383,000 |
| American Indian or Alaskan Native | 111 | $14,965,000 | $134,000 | $1,005,000 | $104,000 | $928,000 |
| Native Hawaiian or Other Pacific Islander | 37 | $5,895,000 | $159,000 | $505,000 | $89,000 | $340,000 |
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) | 33,998 | $5,514,595,000 | $162,000 | $50,005,000 | $116,000 | $9,892,000 |
| FHA-insured (Federal Housing Administration) | 5,774 | $1,283,700,000 | $222,000 | $1,215,000 | $74,000 | $710,000 |
| VA-guaranteed (Veterans Administration) | 487 | $120,085,000 | $246,000 | $765,000 | $89,000 | $662,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 166 | $29,230,000 | $176,000 | $455,000 | $56,000 | $113,000 |
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 | 23,625 | $4,344,530,000 | $183,000 | $50,005,000 | $117,000 | $9,892,000 |
| Application Denied By Financial Institution | 9,841 | $1,093,705,000 | $111,000 | $4,405,000 | $95,000 | $6,577,000 |
| Loan Purchased By The Institution | 3,826 | $965,580,000 | $252,000 | $1,215,000 | $88,000 | $736,000 |
| Application Withdrawn By Applicant | 1,644 | $345,010,000 | $209,000 | $2,615,000 | $117,000 | $2,403,000 |
| Application Approved But Not Accepted | 1,117 | $144,595,000 | $129,000 | $1,465,000 | $115,000 | $2,192,000 |
| File Closed For Incompleteness | 372 | $54,190,000 | $145,000 | $1,315,000 | $126,000 | $1,637,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 30,584 | $5,853,905,000 | $191,000 | $50,005,000 | $114,000 | $9,892,000 |
| Credit History | 3,098 | $220,710,000 | $71,000 | $1,215,000 | $105,000 | $6,577,000 |
| Collateral | 2,686 | $303,220,000 | $112,000 | $2,155,000 | $116,000 | $1,779,000 |
| Debt-To-Income Ratio | 2,603 | $361,295,000 | $138,000 | $4,405,000 | $58,000 | $844,000 |
| Other | 1,128 | $150,330,000 | $133,000 | $1,075,000 | $120,000 | $5,000,000 |
| Unverifiable Information | 102 | $12,030,000 | $117,000 | $825,000 | $101,000 | $360,000 |
| Credit Application Incomplete | 99 | $22,775,000 | $230,000 | $1,265,000 | $101,000 | $397,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 69 | $16,605,000 | $240,000 | $1,375,000 | $92,000 | $615,000 |
| Employment History | 56 | $6,740,000 | $120,000 | $495,000 | $73,000 | $240,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&T Bank's 2018 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&T 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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