M&T Bank Mortgage Lending & HMDA Data, 2009
In 2009, M&T Bank of Buffalo, NY reported 48,263 mortgage applications totaling $9.2 billion, up 15% from 2008. The average application was for $189,662, and applicants reported an average income of $79,856. 62% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (3,621), Buffalo-Niagara Falls, NY (3,353) and Baltimore-Towson, MD (2,329) (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 | 48,263 |
| Total Mortgage Loan Application Amount | $9,153,698,000 |
| Average Mortgage Loan Application Amount | $189,662 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $79,856 |
| Highest Applicant Income | $8,396,000 |
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Disclosure Act (HMDA) records M&T Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 26,011 | $5,593,076,000 | $215,000 | $5,000,000 | $90,000 | $3,518,000 |
| Home Purchase | 17,830 | $3,341,203,000 | $187,000 | $10,000,000 | $68,000 | $8,396,000 |
| Home Improvement | 4,422 | $219,419,000 | $49,000 | $5,500,000 | $68,000 | $5,772,000 |
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 | 35,433 | $6,652,716,000 | $187,000 | $2,355,000 | $87,000 | $8,396,000 |
| Not applicable | 4,336 | $848,586,000 | $195,000 | $10,000,000 | $0 | $710,000 |
| Not Provided | 3,739 | $778,003,000 | $208,000 | $5,000,000 | $108,000 | $2,598,000 |
| Black or African American | 1,873 | $285,509,000 | $152,000 | $1,000,000 | $61,000 | $458,000 |
| Hispanic | 1,446 | $248,622,000 | $171,000 | $860,000 | $63,000 | $1,418,000 |
| Asian | 1,127 | $281,618,000 | $249,000 | $1,360,000 | $107,000 | $1,985,000 |
| American Indian or Alaskan Native | 192 | $32,114,000 | $167,000 | $611,000 | $86,000 | $674,000 |
| Native Hawaiian or Other Pacific Islander | 117 | $26,530,000 | $226,000 | $1,088,000 | $76,000 | $561,000 |
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) | 30,977 | $5,949,124,000 | $192,000 | $10,000,000 | $98,000 | $8,396,000 |
| FHA-insured (Federal Housing Administration) | 15,404 | $2,839,135,000 | $184,000 | $1,224,000 | $46,000 | $2,705,000 |
| VA-guaranteed (Veterans Administration) | 1,355 | $271,108,000 | $200,000 | $631,000 | $51,000 | $275,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 527 | $94,331,000 | $178,000 | $444,000 | $48,000 | $110,000 |
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 | 29,770 | $5,729,450,000 | $192,000 | $10,000,000 | $89,000 | $7,620,000 |
| Application Denied By Financial Institution | 7,743 | $1,203,531,000 | $155,000 | $5,500,000 | $76,000 | $8,396,000 |
| Loan Purchased By The Institution | 4,118 | $708,232,000 | $171,000 | $1,145,000 | $0 | $0 |
| Application Approved But Not Accepted | 4,091 | $940,709,000 | $229,000 | $2,500,000 | $92,000 | $1,500,000 |
| Application Withdrawn By Applicant | 2,268 | $522,266,000 | $230,000 | $5,000,000 | $104,000 | $3,000,000 |
| Preapproval Denied by Financial Institution | 244 | $47,379,000 | $194,000 | $720,000 | $59,000 | $495,000 |
| File Closed For Incompleteness | 29 | $2,131,000 | $73,000 | $344,000 | $73,000 | $145,000 |
| 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 2009 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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