M&T Real Estate Trust Mortgage Lending & HMDA Data, 2008
In 2008, M&T Real Estate Trust of Buffalo, NY reported 129 mortgage applications totaling $159.4 million, up 18% from 2007. The average application was for $1,235,860, and applicants reported an average income of $0. 3% of its applications resulted in an originated loan and 0% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (14), York-Hanover, PA (12) and Altoona, PA (11) (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 | 129 |
| Total Mortgage Loan Application Amount | $159,426,000 |
| Average Mortgage Loan Application Amount | $1,235,860 |
| Highest Mortgage Loan Application Amount | $31,500,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
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(HMDA) records M&T Real Estate Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-White Plains-Wayne, NY-NJ | 14 | $ 26,889,000 | $ 1,920,642 | $ 0 |
| York-Hanover, PA | 12 | $ 1,089,000 | $ 90,750 | $ 0 |
| Altoona, PA | 11 | $ 1,250,000 | $ 113,636 | $ 0 |
| Rochester, NY | 10 | $ 22,457,000 | $ 2,245,700 | $ 0 |
| Baltimore-Towson, MD | 7 | $ 4,742,000 | $ 677,428 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 5 | $ 8,026,000 | $ 1,605,200 | $ 0 |
| Buffalo-Niagara Falls, NY | 4 | $ 2,347,000 | $ 586,750 | $ 0 |
| Harrisburg-Carlisle, PA | 4 | $ 712,000 | $ 178,000 | $ 0 |
| Utica-Rome, NY | 4 | $ 8,142,000 | $ 2,035,500 | $ 0 |
| Bethesda-Frederick-Gaithersburg, MD | 3 | $ 922,000 | $ 307,333 | $ 0 |
| Binghamton, NY | 3 | $ 1,204,000 | $ 401,333 | $ 0 |
| Nassau-Suffolk, NY | 3 | $ 37,535,000 | $ 12,511,666 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 6,775,000 | $ 2,258,333 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Lancaster, PA | 2 | $ 235,000 | $ 117,500 | $ 0 |
| Philadelphia, PA | 2 | $ 555,000 | $ 277,500 | $ 0 |
| Reading, PA | 2 | $ 121,000 | $ 60,500 | $ 0 |
| Scranton--Wilkes-Barre, PA | 2 | $ 399,000 | $ 199,500 | $ 0 |
| State College, PA | 2 | $ 134,000 | $ 67,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 755,000 | $ 377,500 | $ 0 |
| Wilmington, DE-MD-NJ | 2 | $ 825,000 | $ 412,500 | $ 0 |
| Albany-Schenectady-Troy, NY | 1 | $ 233,000 | $ 233,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Boston-Quincy, MA | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Ithaca, NY | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Kingston, NY | 1 | $ 1,300,000 | $ 1,300,000 | $ 0 |
| Lebanon, PA | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 540,000 | $ 540,000 | $ 0 |
| Syracuse, NY | 1 | $ 400,000 | $ 400,000 | $ 0 |
Mortgage Loan Application Detail Totals for M&T Real Estate Trust in 2008
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 | 84 | $133,564,000 | $1,590,000 | $31,500,000 | $0 | $0 |
| Refinancing | 28 | $15,370,000 | $548,000 | $3,600,000 | $0 | $0 |
| Home Improvement | 17 | $10,492,000 | $617,000 | $4,006,000 | $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 | 128 | $158,026,000 | $1,234,000 | $31,500,000 | $0 | $0 |
| White | 1 | $1,400,000 | $1,400,000 | $1,400,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 129 | $159,426,000 | $1,235,000 | $31,500,000 | $0 | $0 |
| 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 Purchased By The Institution | 125 | $151,251,000 | $1,210,000 | $31,500,000 | $0 | $0 |
| Loan Originated | 4 | $8,175,000 | $2,043,000 | $3,600,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 Real Estate Trust's 2008 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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