M&T Bank, NA Mortgage Lending & HMDA Data, 2009
In 2009, M&T Bank, NA of Buffalo, NY reported 12 mortgage applications totaling $4.5 million, down 99% from 2008. The average application was for $375,083, and applicants reported an average income of $213,500. 33% of its applications resulted in an originated loan and 25% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (5), Bridgeport-Stamford-Norwalk, CT (4) and Athens-Clarke County, GA (1) (applications in parentheses).
| Mortgage Company & Address | M&T Bank, NA 1 M&T Plaza - 15th Floor Buffalo, NY 14203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 |
| Total Number of Mortgage Applications | 12 |
| Total Mortgage Loan Application Amount | $4,501,000 |
| Average Mortgage Loan Application Amount | $375,083 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $213,500 |
| Highest Applicant Income | $1,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&T Bank, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, NA in 2009
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 | 9 | $3,549,000 | $394,000 | $750,000 | $246,000 | $1,500,000 |
| Refinancing | 3 | $952,000 | $317,000 | $588,000 | $116,000 | $212,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 6 | $2,870,000 | $478,000 | $750,000 | $102,000 | $211,000 |
| Black or African American | 2 | $369,000 | $184,000 | $200,000 | $141,000 | $212,000 |
| Not Provided | 2 | $677,000 | $338,000 | $588,000 | $82,000 | $138,000 |
| White | 1 | $390,000 | $390,000 | $390,000 | $1,500,000 | $1,500,000 |
| Not applicable | 1 | $195,000 | $195,000 | $195,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 7 | $2,199,000 | $314,000 | $585,000 | $61,000 | $113,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5 | $2,302,000 | $460,000 | $750,000 | $426,000 | $1,500,000 |
| 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 | 4 | $1,258,000 | $314,000 | $499,000 | $473,000 | $1,500,000 |
| Application Approved But Not Accepted | 3 | $1,291,000 | $430,000 | $588,000 | $97,000 | $138,000 |
| Application Denied By Financial Institution | 3 | $1,352,000 | $450,000 | $750,000 | $103,000 | $211,000 |
| Application Withdrawn By Applicant | 1 | $405,000 | $405,000 | $405,000 | $70,000 | $70,000 |
| Loan Purchased By The Institution | 1 | $195,000 | $195,000 | $195,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $89,000 | $89,000 | $89,000 | $27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $750,000 | $750,000 | $750,000 | $211,000 | $211,000 |
| Unverifiable Information | 1 | $513,000 | $513,000 | $513,000 | $72,000 | $72,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&T Bank, NA's 2009 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, NA'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
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