M&T Real Estate Trust Mortgage Lending & HMDA Data, 2006
In 2006, M&T Real Estate Trust of Buffalo, NY reported 131 mortgage applications totaling $274.3 million, down 22% from 2005. The average application was for $2,093,511, and applicants reported an average income of $469,229. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (59), Buffalo-Niagara Falls, NY (13) and Rochester, NY (12) (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 | 131 |
| Total Mortgage Loan Application Amount | $274,250,000 |
| Average Mortgage Loan Application Amount | $2,093,511 |
| Highest Mortgage Loan Application Amount | $33,460,000 |
| Average Applicant Income | $469,229 |
| 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(HMDA) records M&T Real Estate Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 39 | $ 103,142,000 | $ 2,644,666 | $ 176,000 |
| Erie, New York | 11 | $ 4,600,000 | $ 418,181 | $ 969,000 |
| Monroe, New York | 11 | $ 6,893,000 | $ 626,636 | $ 34,000 |
| Westchester, New York | 7 | $ 35,363,000 | $ 5,051,857 | $ 0 |
| Dutchess, New York | 6 | $ 3,419,000 | $ 569,833 | $ 1,679,000 |
| Kings, New York | 6 | $ 42,605,000 | $ 7,100,833 | $ 15,000 |
| Broome, New York | 5 | $ 1,049,000 | $ 209,800 | $ 200,000 |
| Philadelphia, Pennsylvania | 4 | $ 3,163,000 | $ 790,750 | $ 0 |
| Fairfield, Connecticut | 3 | $ 1,771,000 | $ 590,333 | $ 1,145,000 |
| District of Columbia, District Of Columbia | 3 | $ 1,367,000 | $ 455,666 | $ 3,333,000 |
| Onondaga, New York | 3 | $ 460,000 | $ 153,333 | $ 48,000 |
| Rockland, New York | 3 | $ 1,600,000 | $ 533,333 | $ 335,000 |
| Suffolk, New York | 3 | $ 6,065,000 | $ 2,021,666 | $ 5,102,000 |
| Tompkins, New York | 3 | $ 2,904,000 | $ 968,000 | $ 100,000 |
| Ulster, New York | 3 | $ 906,000 | $ 302,000 | $ 415,000 |
| Albany, New York | 2 | $ 10,500,000 | $ 5,250,000 | $ 0 |
| Niagara, New York | 2 | $ 1,910,000 | $ 955,000 | $ 0 |
| Orange, New York | 2 | $ 537,000 | $ 268,500 | $ 0 |
| Multnomah, Oregon | 2 | $ 4,100,000 | $ 2,050,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 8,250,000 | $ 8,250,000 | $ 0 |
| Hudson, New Jersey | 1 | $ 15,043,000 | $ 15,043,000 | $ 0 |
| Bernalillo, New Mexico | 1 | $ 3,000,000 | $ 3,000,000 | $ 0 |
| Bronx, New York | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Chemung, New York | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Livingston, New York | 1 | $ 28,000 | $ 28,000 | $ 0 |
| Nassau, New York | 1 | $ 800,000 | $ 800,000 | $ 93,000 |
| Oneida, New York | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Putnam, New York | 1 | $ 750,000 | $ 750,000 | $ 405,000 |
| Queens, New York | 1 | $ 6,500,000 | $ 6,500,000 | $ 0 |
| Seneca, New York | 1 | $ 225,000 | $ 225,000 | $ 545,000 |
| Union, Pennsylvania | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Clark, Washington | 1 | $ 5,857,000 | $ 5,857,000 | $ 0 |
Mortgage Loan Application Detail Totals for M&T Real Estate Trust in 2006
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 | 62 | $174,470,000 | $2,814,000 | $33,460,000 | $661,000 | $9,999,000 |
| Refinancing | 51 | $84,134,000 | $1,649,000 | $10,000,000 | $299,000 | $9,999,000 |
| Home Improvement | 18 | $15,646,000 | $869,000 | $4,400,000 | $291,000 | $5,252,000 |
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 | 111 | $264,462,000 | $2,382,000 | $33,460,000 | $442,000 | $9,999,000 |
| White | 16 | $8,565,000 | $535,000 | $1,440,000 | $765,000 | $9,999,000 |
| Black or African American | 3 | $887,000 | $295,000 | $635,000 | $66,000 | $200,000 |
| Asian | 1 | $336,000 | $336,000 | $336,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 131 | $274,250,000 | $2,093,000 | $33,460,000 | $469,000 | $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 | 125 | $236,487,000 | $1,891,000 | $33,460,000 | $492,000 | $9,999,000 |
| Application Denied By Financial Institution | 4 | $22,763,000 | $5,690,000 | $15,043,000 | $0 | $0 |
| Application Withdrawn By Applicant | 2 | $15,000,000 | $7,500,000 | $12,000,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| 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 2006 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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