M&T Bank Mortgage Lending & HMDA Data, 2010
In 2010, M&T Bank of Buffalo, NY reported 36,929 mortgage applications totaling $6.8 billion, down 23% from 2009. The average application was for $185,040, and applicants reported an average income of $78,759. 62% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Buffalo-Niagara Falls, NY (2,785), Baltimore-Towson, MD (2,567) and Portland-Vancouver-Hillsboro, OR-WA (1,852) (applications in parentheses).
| Mortgage Company & Address | M&T Bank 1 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 | 36,929 |
| Total Mortgage Loan Application Amount | $6,833,368,000 |
| Average Mortgage Loan Application Amount | $185,040 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $78,759 |
| Highest Applicant Income | $6,445,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&T Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 17,389 | $3,755,654,000 | $215,000 | $99,999,000 | $93,000 | $6,445,000 |
| Home Purchase | 14,865 | $2,915,576,000 | $196,000 | $19,275,000 | $68,000 | $4,811,000 |
| Home Improvement | 4,675 | $162,138,000 | $34,000 | $8,000,000 | $60,000 | $2,400,000 |
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 | 26,363 | $4,544,851,000 | $172,000 | $2,400,000 | $87,000 | $6,445,000 |
| Not applicable | 3,611 | $1,077,449,000 | $298,000 | $99,999,000 | $2,000 | $1,656,000 |
| Not Provided | 3,079 | $547,189,000 | $177,000 | $2,665,000 | $103,000 | $2,500,000 |
| Black or African American | 1,701 | $227,755,000 | $133,000 | $2,000,000 | $62,000 | $1,467,000 |
| Hispanic | 1,093 | $183,675,000 | $168,000 | $1,500,000 | $63,000 | $858,000 |
| Asian | 901 | $225,917,000 | $250,000 | $1,500,000 | $108,000 | $1,471,000 |
| American Indian or Alaskan Native | 105 | $12,538,000 | $119,000 | $569,000 | $75,000 | $1,104,000 |
| Native Hawaiian or Other Pacific Islander | 76 | $13,994,000 | $184,000 | $634,000 | $87,000 | $568,000 |
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) | 23,014 | $4,271,422,000 | $185,000 | $99,999,000 | $100,000 | $6,445,000 |
| FHA-insured (Federal Housing Administration) | 12,373 | $2,266,911,000 | $183,000 | $1,178,000 | $43,000 | $1,518,000 |
| VA-guaranteed (Veterans Administration) | 957 | $194,517,000 | $203,000 | $705,000 | $55,000 | $408,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 585 | $100,518,000 | $171,000 | $417,000 | $47,000 | $108,000 |
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 | 22,921 | $4,505,520,000 | $196,000 | $99,999,000 | $90,000 | $6,445,000 |
| Application Denied By Financial Institution | 6,373 | $815,352,000 | $127,000 | $2,200,000 | $69,000 | $2,500,000 |
| Loan Purchased By The Institution | 3,391 | $624,660,000 | $184,000 | $744,000 | $0 | $0 |
| Application Approved But Not Accepted | 2,352 | $477,557,000 | $203,000 | $2,665,000 | $86,000 | $1,600,000 |
| Application Withdrawn By Applicant | 1,619 | $362,543,000 | $223,000 | $2,000,000 | $113,000 | $2,795,000 |
| Preapproval Denied by Financial Institution | 175 | $33,819,000 | $193,000 | $920,000 | $52,000 | $245,000 |
| File Closed For Incompleteness | 98 | $13,917,000 | $142,000 | $806,000 | $75,000 | $427,000 |
| Preapproval Approved but not Accepted | 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 Bank's 2010 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 Bank'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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