M&T Mortgage Corporation Mortgage Lending & HMDA Data, 2005
In 2005, M&T Mortgage Corporation of Buffalo, NY reported 49,962 mortgage applications totaling $8.8 billion, up 42% from 2004. The average application was for $176,692, and applicants reported an average income of $64,338. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Buffalo-Niagara Falls, NY (2,074), Portland-Vancouver-Beaverton, OR-WA (2,057) and Baltimore-Towson, MD (1,459) (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 | 49,962 |
| Total Mortgage Loan Application Amount | $8,827,892,000 |
| Average Mortgage Loan Application Amount | $176,692 |
| Highest Mortgage Loan Application Amount | $12,500,000 |
| Average Applicant Income | $64,338 |
| Highest Applicant Income | $6,637,000 |
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(HMDA) records M&T Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 29,370 | $5,153,683,000 | $202,976 | $12,500,000 | $72,511 | $6,637,000 |
| Refinancing | 19,660 | $3,513,417,000 | $183,976 | $4,000,000 | $56,642 | $3,993,000 |
| Home Improvement | 932 | $160,792,000 | $197,735 | $1,050,000 | $65,823 | $792,000 |
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 | 34,983 | $6,013,265,000 | $197,476 | $12,500,000 | $73,357 | $6,637,000 |
| Not applicable | 4,362 | $801,202,000 | $168,000 | $2,600,000 | $7,128 | $3,000,000 |
| Black or African American | 3,342 | $539,332,000 | $179,742 | $1,500,000 | $58,885 | $600,000 |
| Hispanic | 2,791 | $497,447,000 | $184,000 | $1,500,000 | $59,970 | $792,000 |
| Not Provided | 2,744 | $571,447,000 | $188,216 | $1,885,000 | $72,459 | $3,619,000 |
| Asian | 1,482 | $354,669,000 | $223,312 | $1,625,000 | $82,500 | $1,454,000 |
| Native Hawaiian or Other Pacific Islander | 138 | $28,351,000 | $206,000 | $582,000 | $65,952 | $240,000 |
| American Indian or Alaskan Native | 120 | $22,179,000 | $172,739 | $650,000 | $52,173 | $881,000 |
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) | 42,093 | $7,763,244,000 | $207,604 | $12,500,000 | $78,186 | $6,637,000 |
| FHA-insured (Federal Housing Administration) | 6,121 | $797,059,000 | $147,536 | $517,000 | $28,414 | $747,000 |
| VA-guaranteed (Veterans Administration) | 1,695 | $264,552,000 | $163,548 | $360,000 | $26,612 | $179,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $3,037,000 | $127,500 | $201,000 | $28,500 | $57,000 |
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 | 35,860 | $6,212,065,000 | $201,697 | $12,500,000 | $75,651 | $3,691,000 |
| Loan Purchased By The Institution | 4,350 | $795,210,000 | $165,769 | $1,470,000 | $0 | $0 |
| Application Approved But Not Accepted | 3,695 | $704,950,000 | $191,195 | $1,230,000 | $63,414 | $6,637,000 |
| Application Denied By Financial Institution | 3,572 | $628,630,000 | $194,307 | $1,932,000 | $70,538 | $1,709,000 |
| Application Withdrawn By Applicant | 2,073 | $424,663,000 | $203,024 | $1,554,000 | $75,000 | $3,993,000 |
| Preapproval Denied by Financial Institution | 412 | $62,374,000 | $151,000 | $617,000 | $59,000 | $909,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| 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 2005 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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