M&T Bank Mortgage Lending & HMDA Data, 2023
In 2023, M&T Bank of Buffalo, NY reported 32,719 mortgage applications totaling $6.8 billion, down 33% from 2022. The average application was for $209,190, and applicants reported an average income of $143,353. 54% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (3,494), Baltimore-Columbia-Towson, MD (2,389) and New York-Jersey City-White Plains, NY-NJ (2,205) (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 | 32,719 |
| Total Mortgage Loan Application Amount | $6,844,505,000 |
| Average Mortgage Loan Application Amount | $209,190 |
| Highest Mortgage Loan Application Amount | $93,005,000 |
| Average Applicant Income | $143,353 |
| Highest Applicant Income | $8,571,000 |
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Disclosure Act (HMDA) records M&T Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 Improvement | 10,845 | $1,272,585,000 | $117,000 | $31,555,000 | $132,000 | $6,160,000 |
| Home Purchase | 8,850 | $3,014,920,000 | $340,000 | $35,565,000 | $171,000 | $6,801,000 |
| Refinancing | 4,756 | $1,128,400,000 | $237,000 | $93,005,000 | $149,000 | $5,756,000 |
| Other Purpose | 4,692 | $616,630,000 | $131,000 | $30,005,000 | $145,000 | $8,571,000 |
| Cash-out Refinancing | 3,368 | $783,150,000 | $232,000 | $20,005,000 | $97,000 | $1,998,000 |
| Not Applicable | 208 | $28,820,000 | $138,000 | $665,000 | $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 | 20,958 | $3,852,690,000 | $183,000 | $8,395,000 | $146,000 | $8,571,000 |
| Black or African American | 3,628 | $518,650,000 | $142,000 | $1,945,000 | $98,000 | $2,193,000 |
| Hispanic | 2,441 | $397,975,000 | $163,000 | $2,645,000 | $105,000 | $2,725,000 |
| Not Provided | 2,436 | $601,610,000 | $246,000 | $30,005,000 | $171,000 | $4,550,000 |
| Not applicable | 1,434 | $932,530,000 | $650,000 | $93,005,000 | $197,000 | $1,813,000 |
| Asian | 1,119 | $352,035,000 | $314,000 | $3,755,000 | $180,000 | $3,685,000 |
| American Indian or Alaskan Native | 149 | $25,525,000 | $171,000 | $1,005,000 | $104,000 | $600,000 |
| Native Hawaiian or Other Pacific Islander | 32 | $4,530,000 | $141,000 | $565,000 | $88,000 | $271,000 |
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) | 28,687 | $5,893,305,000 | $205,000 | $93,005,000 | $150,000 | $8,571,000 |
| FHA-insured (Federal Housing Administration) | 3,464 | $748,880,000 | $216,000 | $1,415,000 | $83,000 | $1,226,000 |
| VA-guaranteed (Veterans Administration) | 558 | $200,330,000 | $359,000 | $2,435,000 | $124,000 | $1,024,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,990,000 | $199,000 | $305,000 | $82,000 | $122,000 |
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 | 17,611 | $4,035,035,000 | $229,000 | $93,005,000 | $155,000 | $8,571,000 |
| Application Denied By Financial Institution | 10,416 | $1,602,500,000 | $153,000 | $14,305,000 | $113,000 | $6,085,000 |
| Application Withdrawn By Applicant | 2,077 | $583,555,000 | $280,000 | $5,705,000 | $153,000 | $5,650,000 |
| Loan Purchased By The Institution | 1,149 | $368,885,000 | $321,000 | $1,745,000 | $197,000 | $1,813,000 |
| Application Approved But Not Accepted | 983 | $136,655,000 | $139,000 | $2,005,000 | $136,000 | $2,845,000 |
| File Closed For Incompleteness | 483 | $117,875,000 | $244,000 | $20,005,000 | $135,000 | $1,748,000 |
| 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 | 22,303 | $5,242,005,000 | $235,000 | $93,005,000 | $155,000 | $8,571,000 |
| Debt-To-Income Ratio | 3,923 | $712,135,000 | $181,000 | $8,395,000 | $75,000 | $2,844,000 |
| Credit History | 3,399 | $321,705,000 | $94,000 | $14,305,000 | $122,000 | $2,193,000 |
| Collateral | 1,741 | $300,305,000 | $172,000 | $6,705,000 | $160,000 | $3,665,000 |
| Other | 897 | $162,135,000 | $180,000 | $2,085,000 | $163,000 | $6,085,000 |
| Credit Application Incomplete | 150 | $40,920,000 | $272,000 | $1,405,000 | $129,000 | $1,500,000 |
| Unverifiable Information | 131 | $30,205,000 | $230,000 | $5,005,000 | $138,000 | $1,226,000 |
| Employment History | 97 | $14,085,000 | $145,000 | $565,000 | $112,000 | $723,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 76 | $20,650,000 | $271,000 | $1,505,000 | $104,000 | $608,000 |
| Mortgage Insurance Denied | 2 | $360,000 | $180,000 | $195,000 | $74,000 | $100,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&T Bank's 2023 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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