M&T Real Estate Trust Mortgage Lending & HMDA Data, 2003
In 2003, M&T Real Estate Trust of Buffalo, NY reported 275 mortgage applications totaling $684.3 million. The average application was for $2,488,356, and applicants reported an average income of $211,672. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York, NY (151), Buffalo-Niagara Falls, NY (20) and Rochester, NY (19) (applications in parentheses).
| Mortgage Company & Address | M&T Real Estate Trust One M&T Plaza - 15th Floor Buffalo, NY 14203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 275 |
| Total Mortgage Loan Application Amount | $684,298,000 |
| Average Mortgage Loan Application Amount | $2,488,356 |
| Highest Mortgage Loan Application Amount | $35,500,000 |
| Average Applicant Income | $211,672 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&T Real Estate Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York, New York | 103 | $ 368,389,000 | $ 3,576,592 | $ 1,000,000 |
| Erie, New York | 18 | $ 16,231,000 | $ 901,722 | $ 579,000 |
| Monroe, New York | 15 | $ 22,659,000 | $ 1,510,600 | $ 44,000 |
| Kings, New York | 14 | $ 20,030,000 | $ 1,430,714 | $ 1,180,000 |
| Queens, New York | 14 | $ 78,717,000 | $ 5,622,642 | $ 0 |
| Broome, New York | 11 | $ 5,312,000 | $ 482,909 | $ 800,000 |
| Westchester, New York | 11 | $ 17,617,000 | $ 1,601,545 | $ 2,624,000 |
| Multnomah, Oregon | 8 | $ 18,059,000 | $ 2,257,375 | $ 0 |
| Hudson, New Jersey | 7 | $ 12,964,000 | $ 1,852,000 | $ 0 |
| Bronx, New York | 7 | $ 11,400,000 | $ 1,628,571 | $ 0 |
| Tompkins, New York | 6 | $ 2,493,000 | $ 415,500 | $ 177,000 |
| Dutchess, New York | 5 | $ 4,633,000 | $ 926,600 | $ 67,000 |
| Ulster, New York | 5 | $ 4,551,000 | $ 910,200 | $ 0 |
| Suffolk, New York | 4 | $ 11,848,000 | $ 2,962,000 | $ 735,000 |
| Oneida, New York | 3 | $ 235,000 | $ 78,333 | $ 588,000 |
| Fairfield, Connecticut | 2 | $ 5,088,000 | $ 2,544,000 | $ 4,500,000 |
| Miami-Dade, Florida | 2 | $ 2,360,000 | $ 1,180,000 | $ 4,000,000 |
| Burlington, New Jersey | 2 | $ 1,500,000 | $ 750,000 | $ 0 |
| Middlesex, New Jersey | 2 | $ 6,000,000 | $ 3,000,000 | $ 0 |
| Ocean, New Jersey | 2 | $ 1,365,000 | $ 682,500 | $ 0 |
| Passaic, New Jersey | 2 | $ 12,000,000 | $ 6,000,000 | $ 0 |
| Albany, New York | 2 | $ 245,000 | $ 122,500 | $ 425,000 |
| Cortland, New York | 2 | $ 1,000,000 | $ 500,000 | $ 0 |
| Niagara, New York | 2 | $ 3,300,000 | $ 1,650,000 | $ 0 |
| Onondaga, New York | 2 | $ 1,320,000 | $ 660,000 | $ 0 |
| Ontario, New York | 2 | $ 617,000 | $ 308,500 | $ 232,000 |
| Orange, New York | 2 | $ 762,000 | $ 381,000 | $ 0 |
| Rensselaer, New York | 2 | $ 7,825,000 | $ 3,912,500 | $ 0 |
| Saratoga, New York | 2 | $ 6,259,000 | $ 3,129,500 | $ 0 |
| Tioga, New York | 2 | $ 508,000 | $ 254,000 | $ 50,000 |
| New Haven, Connecticut | 1 | $ 4,290,000 | $ 4,290,000 | $ 0 |
| Bergen, New Jersey | 1 | $ 3,400,000 | $ 3,400,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Monmouth, New Jersey | 1 | $ 20,500,000 | $ 20,500,000 | $ 0 |
| Union, New Jersey | 1 | $ 1,500,000 | $ 1,500,000 | $ 0 |
| Chautauqua, New York | 1 | $ 108,000 | $ 108,000 | $ 500,000 |
| Genesee, New York | 1 | $ 100,000 | $ 100,000 | $ 398,000 |
| Jefferson, New York | 1 | $ 148,000 | $ 148,000 | $ 124,000 |
| Nassau, New York | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Orleans, New York | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Putnam, New York | 1 | $ 540,000 | $ 540,000 | $ 815,000 |
| Rockland, New York | 1 | $ 800,000 | $ 800,000 | $ 0 |
| Washington, Oregon | 1 | $ 5,000,000 | $ 5,000,000 | $ 0 |
| Clark, Washington | 1 | $ 1,875,000 | $ 1,875,000 | $ 0 |
Mortgage Loan Application Detail Totals for M&T Real Estate Trust 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 |
|---|---|---|---|---|---|---|
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 235 | $650,887,000 | $2,920,400 | $35,500,000 | $0 | $0 |
| Home Purchase (one-to-four family) | 26 | $24,951,000 | $1,506,333 | $4,219,000 | $3,132,333 | $5,000,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 14 | $8,460,000 | $604,000 | $3,426,000 | $1,534,000 | $9,999,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 235 | $644,823,000 | $2,683,000 | $35,500,000 | $1,138,666 | $9,999,000 |
| White | 35 | $35,564,000 | $854,500 | $7,000,000 | $247,000 | $5,000,000 |
| Hispanic | 2 | $2,388,000 | $1,194,000 | $1,638,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $600,000 | $600,000 | $600,000 | $0 | $0 |
| Asian or Pacific Islander | 1 | $750,000 | $750,000 | $750,000 | $0 | $0 |
| Other | 1 | $173,000 | $173,000 | $173,000 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 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) | 275 | $684,298,000 | $2,386,166 | $35,500,000 | $1,126,666 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 260 | $609,908,000 | $2,275,000 | $35,500,000 | $1,135,000 | $9,999,000 |
| Application Denied By Financial Institution | 8 | $43,025,000 | $5,614,000 | $20,500,000 | $0 | $0 |
| Application Withdrawn By Applicant | 6 | $19,865,000 | $3,138,000 | $12,000,000 | $10,000 | $60,000 |
| Application Approved But Not Accepted | 1 | $11,500,000 | $11,500,000 | $11,500,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| 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 Real Estate Trust'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 Real Estate Trust'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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