M&T Mortgage Corporation Mortgage Lending & HMDA Data, 2003
In 2003, M&T Mortgage Corporation of Buffalo, NY reported 53,155 mortgage applications totaling $7.7 billion. The average application was for $144,462, and applicants reported an average income of $57,705. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Buffalo-Niagara Falls, NY (3,572), Rochester, NY (2,707) and Seattle-Bellevue-Everett, WA (2,357) (applications in parentheses).
| Mortgage Company & Address | M&T Mortgage Corporation 465 Main Street - 5th Flr - Lafayette Ct Buffalo, NY 14203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 53,155 |
| Total Mortgage Loan Application Amount | $7,678,923,000 |
| Average Mortgage Loan Application Amount | $144,462 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $57,705 |
| Highest Applicant Income | $2,406,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&T Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mortgage Corporation in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 35,080 | $5,237,911,000 | $166,904 | $5,000,000 | $56,619 | $2,182,000 |
| Home Purchase (one-to-four family) | 18,075 | $2,441,012,000 | $153,333 | $1,167,000 | $53,261 | $2,406,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 |
|---|---|---|---|---|---|---|
| White | 40,992 | $5,940,150,000 | $175,452 | $5,000,000 | $65,666 | $2,182,000 |
| Not applicable | 3,606 | $461,337,000 | $107,783 | $786,000 | $27 | $234,000 |
| Information not provided by applicant in mail or telephone application | 3,273 | $496,428,000 | $173,771 | $2,450,000 | $62,228 | $2,406,000 |
| Black | 2,274 | $297,160,000 | $149,088 | $964,000 | $49,617 | $661,000 |
| Hispanic | 1,524 | $215,362,000 | $138,187 | $744,000 | $55,062 | $805,000 |
| Asian or Pacific Islander | 987 | $186,282,000 | $176,222 | $1,000,000 | $69,407 | $584,000 |
| Other | 317 | $54,233,000 | $182,826 | $1,000,000 | $62,304 | $426,000 |
| American Indian or Alaskan Native | 182 | $27,971,000 | $151,263 | $708,000 | $56,736 | $422,000 |
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) | 42,145 | $6,311,165,000 | $190,121 | $5,000,000 | $78,902 | $2,406,000 |
| FHA-insured (Federal Housing Administration) | 9,892 | $1,216,636,000 | $120,775 | $539,000 | $20,825 | $366,000 |
| VA-guaranteed (Veterans Administration) | 1,053 | $145,712,000 | $144,428 | $250,000 | $20,619 | $196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 65 | $5,410,000 | $106,800 | $184,000 | $40,600 | $61,000 |
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 | 40,291 | $5,750,989,000 | $165,119 | $5,000,000 | $60,095 | $1,955,000 |
| Application Denied By Financial Institution | 3,904 | $621,151,000 | $177,025 | $2,450,000 | $67,400 | $1,053,000 |
| Loan Purchased By The Institution | 3,603 | $460,170,000 | $107,729 | $786,000 | $0 | $0 |
| Application Approved But Not Accepted | 3,261 | $515,014,000 | $179,368 | $1,000,000 | $58,184 | $2,182,000 |
| Application Withdrawn By Applicant | 2,044 | $324,824,000 | $168,054 | $1,300,000 | $65,162 | $2,406,000 |
| File Closed For Incompleteness | 52 | $6,775,000 | $129,428 | $388,000 | $71,285 | $180,000 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&T Mortgage Corporation's 2003 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 Mortgage Corporation'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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