M&T Mortgage Corporation Mortgage Lending & HMDA Data, 2004
In 2004, M&T Mortgage Corporation of Buffalo, NY reported 35,067 mortgage applications totaling $5.4 billion, down 34% from 2003. The average application was for $154,658, and applicants reported an average income of $64,059. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Buffalo-Niagara Falls, NY (2,367), Rochester, NY (1,680) and Portland-Vancouver-Beaverton, OR-WA (1,532) (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 | 35,067 |
| Total Mortgage Loan Application Amount | $5,423,427,000 |
| Average Mortgage Loan Application Amount | $154,658 |
| Highest Mortgage Loan Application Amount | $5,600,000 |
| Average Applicant Income | $64,059 |
| Highest Applicant Income | $9,500,000 |
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(HMDA) records M&T Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 21,273 | $3,360,688,000 | $200,319 | $5,600,000 | $81,425 | $5,843,000 |
| Refinancing | 13,170 | $1,967,145,000 | $154,048 | $4,000,000 | $53,609 | $9,500,000 |
| Home Improvement | 624 | $95,594,000 | $162,176 | $750,000 | $61,882 | $734,000 |
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 |
|---|---|---|---|---|---|---|
| White | 26,441 | $4,114,247,000 | $196,428 | $5,600,000 | $81,673 | $9,500,000 |
| Not applicable | 2,718 | $363,785,000 | $130,545 | $1,930,000 | $3,696 | $185,000 |
| Black or African American | 2,344 | $326,848,000 | $160,457 | $750,000 | $54,285 | $1,278,000 |
| Not Provided | 1,423 | $275,520,000 | $196,897 | $1,100,000 | $89,179 | $3,360,000 |
| Hispanic | 1,371 | $199,390,000 | $164,625 | $650,000 | $44,281 | $351,000 |
| Asian | 612 | $115,678,000 | $201,896 | $1,000,000 | $74,965 | $600,000 |
| American Indian or Alaskan Native | 98 | $16,518,000 | $177,578 | $450,000 | $70,157 | $322,000 |
| Native Hawaiian or Other Pacific Islander | 60 | $11,441,000 | $223,411 | $700,000 | $61,000 | $207,000 |
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) | 27,545 | $4,463,709,000 | $209,687 | $5,600,000 | $91,395 | $9,500,000 |
| FHA-insured (Federal Housing Administration) | 6,755 | $855,262,000 | $131,804 | $557,000 | $28,268 | $678,000 |
| VA-guaranteed (Veterans Administration) | 710 | $100,578,000 | $144,580 | $276,000 | $22,032 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 57 | $3,878,000 | $132,250 | $292,000 | $37,000 | $72,000 |
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 | 25,145 | $3,818,646,000 | $193,081 | $5,600,000 | $76,755 | $9,500,000 |
| Loan Purchased By The Institution | 2,684 | $358,498,000 | $129,531 | $1,930,000 | $0 | $0 |
| Application Denied By Financial Institution | 2,616 | $415,646,000 | $185,232 | $1,000,000 | $66,930 | $3,493,000 |
| Application Approved But Not Accepted | 2,576 | $448,453,000 | $193,136 | $1,800,000 | $67,840 | $1,200,000 |
| Application Withdrawn By Applicant | 1,680 | $323,390,000 | $204,441 | $1,200,000 | $96,511 | $5,040,000 |
| Preapproval Denied by Financial Institution | 366 | $58,794,000 | $160,000 | $900,000 | $51,000 | $686,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| 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 2004 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.
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