M&T Real Estate Trust Mortgage Lending & HMDA Data, 2004
In 2004, M&T Real Estate Trust of Buffalo, NY reported 244 mortgage applications totaling $662.9 million, down 11% from 2003. The average application was for $2,716,885, and applicants reported an average income of $520,983. 92% of its applications resulted in an originated loan and 1% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (106), Buffalo-Niagara Falls, NY (19) 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 | 244 |
| Total Mortgage Loan Application Amount | $662,920,000 |
| Average Mortgage Loan Application Amount | $2,716,885 |
| Highest Mortgage Loan Application Amount | $90,000,000 |
| Average Applicant Income | $520,983 |
| 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(HMDA) records M&T Real Estate Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Wayne-White Plains, NY-NJ | 106 | $ 473,979,000 | $ 4,471,500 | $ 826,000 |
| Buffalo-Niagara Falls, NY | 19 | $ 9,007,000 | $ 474,052 | $ 235,000 |
| Rochester, NY | 19 | $ 40,913,000 | $ 2,153,315 | $ 283,000 |
| Binghamton, NY | 17 | $ 3,965,000 | $ 233,235 | $ 161,000 |
| Syracuse, NY | 9 | $ 3,425,000 | $ 380,555 | $ 3,000 |
| Philadelphia, PA | 7 | $ 5,732,000 | $ 818,857 | $ 324,000 |
| York-Hanover, PA | 6 | $ 5,524,000 | $ 920,666 | $ 29,000 |
| Albany-Schenectady-Troy, NY | 5 | $ 1,780,000 | $ 356,000 | $ 1,885,000 |
| Nassau-Suffolk, NY | 5 | $ 16,457,000 | $ 3,291,400 | $ 2,222,000 |
| Altoona, PA | 4 | $ 8,665,000 | $ 2,166,250 | $ 0 |
| Baltimore-Towson, MD | 4 | $ 6,934,000 | $ 1,733,500 | $ 343,000 |
| Portland-Vancouver-Beaverton, OR-WA | 4 | $ 18,303,000 | $ 4,575,750 | $ 0 |
| Kingston, NY | 3 | $ 1,500,000 | $ 500,000 | $ 1,048,000 |
| Lancaster, PA | 3 | $ 448,000 | $ 149,333 | $ 96,000 |
| Ithaca, NY | 2 | $ 649,000 | $ 324,500 | $ 24,000 |
| New Haven-Milford, CT | 2 | $ 11,500,000 | $ 5,750,000 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 2,400,000 | $ 1,200,000 | $ 0 |
| Scranton--Wilkes-Barre, PA | 2 | $ 361,000 | $ 180,500 | $ 33,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 1,975,000 | $ 1,975,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 1,600,000 | $ 1,600,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 24,500,000 | $ 24,500,000 | $ 0 |
| State College, PA | 1 | $ 458,000 | $ 458,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
| Williamsport, PA | 1 | $ 335,000 | $ 335,000 | $ 1,075,000 |
Mortgage Loan Application Detail Totals for M&T Real Estate Trust 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 | 218 | $651,395,000 | $6,648,250 | $90,000,000 | $132,625 | $9,999,000 |
| Refinancing | 26 | $11,525,000 | $346,000 | $3,100,000 | $572,666 | $4,000,000 |
| Home Improvement | 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 | 196 | $621,207,000 | $6,375,571 | $90,000,000 | $201,571 | $9,999,000 |
| White | 47 | $41,659,000 | $3,113,333 | $7,800,000 | $209,333 | $4,000,000 |
| Asian | 1 | $54,000 | $54,000 | $54,000 | $186,000 | $186,000 |
| Black or African American | 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 |
| American Indian or Alaskan Native | 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) | 244 | $662,920,000 | $6,506,125 | $90,000,000 | $170,750 | $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 | 224 | $380,097,000 | $3,415,000 | $21,600,000 | $214,714 | $9,999,000 |
| Application Withdrawn By Applicant | 12 | $135,452,000 | $11,287,000 | $70,000,000 | $0 | $0 |
| Loan Purchased By The Institution | 6 | $112,371,000 | $15,483,500 | $90,000,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $35,000,000 | $17,500,000 | $24,500,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 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 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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