M&T Bank, NA Mortgage Lending & HMDA Data, 2008
In 2008, M&T Bank, NA of Buffalo, NY reported 1,013 mortgage applications totaling $304.6 million. The average application was for $300,730, and applicants reported an average income of $13,492. 8% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Buffalo-Niagara Falls, NY (177), New York-White Plains-Wayne, NY-NJ (69) and Rochester, NY (64) (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 | 1,013 |
| Total Mortgage Loan Application Amount | $304,640,000 |
| Average Mortgage Loan Application Amount | $300,730 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $13,492 |
| Highest Applicant Income | $457,000 |
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Act (HMDA) records M&T Bank, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 652 | $191,294,000 | $293,000 | $2,400,000 | $17,000 | $457,000 |
| Refinancing | 342 | $105,637,000 | $308,000 | $5,000,000 | $7,000 | $313,000 |
| Home Improvement | 19 | $7,709,000 | $405,000 | $1,200,000 | $10,000 | $202,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 869 | $270,967,000 | $311,000 | $5,000,000 | $0 | $0 |
| White | 65 | $15,748,000 | $242,000 | $642,000 | $101,000 | $457,000 |
| Asian | 32 | $8,536,000 | $266,000 | $812,000 | $117,000 | $247,000 |
| Black or African American | 26 | $5,271,000 | $202,000 | $570,000 | $88,000 | $303,000 |
| Hispanic | 13 | $2,917,000 | $224,000 | $650,000 | $83,000 | $216,000 |
| Not Provided | 8 | $1,201,000 | $150,000 | $344,000 | $69,000 | $123,000 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 913 | $286,467,000 | $313,000 | $5,000,000 | $11,000 | $457,000 |
| FHA-insured (Federal Housing Administration) | 99 | $18,001,000 | $181,000 | $812,000 | $35,000 | $155,000 |
| VA-guaranteed (Veterans Administration) | 1 | $172,000 | $172,000 | $172,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 Purchased By The Institution | 869 | $270,967,000 | $311,000 | $5,000,000 | $0 | $0 |
| Loan Originated | 76 | $17,356,000 | $228,000 | $642,000 | $87,000 | $376,000 |
| Application Denied By Financial Institution | 29 | $4,921,000 | $169,000 | $417,000 | $105,000 | $247,000 |
| Application Withdrawn By Applicant | 29 | $8,311,000 | $286,000 | $812,000 | $119,000 | $457,000 |
| Application Approved But Not Accepted | 10 | $3,085,000 | $308,000 | $471,000 | $115,000 | $220,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 15 | $2,375,000 | $158,000 | $400,000 | $150,000 | $247,000 |
| Collateral | 6 | $900,000 | $150,000 | $247,000 | $59,000 | $102,000 |
| Debt-To-Income Ratio | 6 | $1,020,000 | $170,000 | $417,000 | $48,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $626,000 | $313,000 | $408,000 | $77,000 | $102,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2008 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
with aggregated HMDA statistics today.
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