M&T Bank Mortgage Lending & HMDA Data, 2024
In 2024, M&T Bank of Buffalo, NY reported 36,377 mortgage applications totaling $8.4 billion, up 11% from 2023. The average application was for $230,394, and applicants reported an average income of $158,718. 57% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (3,529), Baltimore-Columbia-Towson, MD (2,951) and New York-Jersey City-White Plains, NY-NJ (2,370) (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 | 36,377 |
| Total Mortgage Loan Application Amount | $8,381,065,000 |
| Average Mortgage Loan Application Amount | $230,394 |
| Highest Mortgage Loan Application Amount | $45,895,000 |
| Average Applicant Income | $158,718 |
| Highest Applicant Income | $9,295,000 |
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Disclosure Act (HMDA) records M&T Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 12,073 | $1,462,705,000 | $121,000 | $13,005,000 | $133,000 | $9,295,000 |
| Home Purchase | 9,753 | $3,934,305,000 | $403,000 | $27,955,000 | $205,000 | $9,099,000 |
| Refinancing | 6,152 | $1,520,400,000 | $247,000 | $45,895,000 | $161,000 | $4,055,000 |
| Other Purpose | 5,508 | $738,340,000 | $134,000 | $4,005,000 | $152,000 | $6,910,000 |
| Cash-out Refinancing | 2,637 | $691,975,000 | $262,000 | $6,755,000 | $114,000 | $6,346,000 |
| Not Applicable | 254 | $33,340,000 | $131,000 | $555,000 | $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 | 23,163 | $4,966,575,000 | $214,000 | $6,755,000 | $159,000 | $9,099,000 |
| Black or African American | 3,850 | $571,640,000 | $148,000 | $2,695,000 | $107,000 | $2,427,000 |
| Hispanic | 3,259 | $566,975,000 | $173,000 | $2,105,000 | $115,000 | $3,704,000 |
| Not Provided | 2,884 | $912,500,000 | $316,000 | $27,955,000 | $226,000 | $9,295,000 |
| Asian | 2,298 | $1,033,800,000 | $449,000 | $3,895,000 | $217,000 | $3,155,000 |
| Not applicable | 671 | $283,365,000 | $422,000 | $45,895,000 | $0 | $0 |
| American Indian or Alaskan Native | 142 | $28,890,000 | $203,000 | $1,875,000 | $125,000 | $1,094,000 |
| Native Hawaiian or Other Pacific Islander | 63 | $11,265,000 | $178,000 | $725,000 | $129,000 | $443,000 |
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) | 32,433 | $7,369,145,000 | $227,000 | $45,895,000 | $165,000 | $9,295,000 |
| FHA-insured (Federal Housing Administration) | 3,020 | $687,920,000 | $227,000 | $1,485,000 | $89,000 | $2,189,000 |
| VA-guaranteed (Veterans Administration) | 894 | $319,250,000 | $357,000 | $1,935,000 | $145,000 | $1,193,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $4,750,000 | $158,000 | $335,000 | $85,000 | $220,000 |
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 | 20,743 | $5,369,435,000 | $258,000 | $45,895,000 | $175,000 | $9,295,000 |
| Application Denied By Financial Institution | 11,248 | $1,775,260,000 | $157,000 | $27,955,000 | $118,000 | $6,910,000 |
| Application Withdrawn By Applicant | 2,329 | $864,755,000 | $371,000 | $4,205,000 | $193,000 | $4,610,000 |
| Application Approved But Not Accepted | 986 | $144,470,000 | $146,000 | $3,005,000 | $136,000 | $3,848,000 |
| Loan Purchased By The Institution | 544 | $106,490,000 | $195,000 | $1,435,000 | $0 | $0 |
| File Closed For Incompleteness | 527 | $120,655,000 | $228,000 | $3,105,000 | $159,000 | $3,851,000 |
| 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 | 25,129 | $6,605,805,000 | $262,000 | $45,895,000 | $175,000 | $9,295,000 |
| Debt-To-Income Ratio | 4,331 | $817,955,000 | $188,000 | $2,005,000 | $81,000 | $1,484,000 |
| Credit History | 3,936 | $356,680,000 | $90,000 | $2,005,000 | $131,000 | $4,802,000 |
| Collateral | 1,592 | $291,100,000 | $182,000 | $3,505,000 | $168,000 | $4,000,000 |
| Other | 1,038 | $228,660,000 | $220,000 | $27,955,000 | $166,000 | $5,445,000 |
| Unverifiable Information | 122 | $24,590,000 | $201,000 | $1,465,000 | $128,000 | $1,225,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 79 | $19,275,000 | $243,000 | $1,765,000 | $87,000 | $496,000 |
| Credit Application Incomplete | 77 | $23,065,000 | $299,000 | $1,935,000 | $136,000 | $765,000 |
| Employment History | 71 | $13,515,000 | $190,000 | $2,005,000 | $203,000 | $6,910,000 |
| Mortgage Insurance Denied | 2 | $420,000 | $210,000 | $405,000 | $116,000 | $116,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&T Bank's 2024 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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