Lenders › M&T Bank › New Jersey
M&T Bank in New Jersey
HMDA record for properties in New Jersey, calendar year 2024. National record · New Jersey overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
M&T Bank's 2024 HMDA record for New Jersey covers 2,549 applications, 1,211 of them originated, worth $438m.
Its denial rate in the state was 44.6%, above the New Jersey rate of 26.0% across all lenders and compared with the lender's national rate of 34.1%.
The median rate spread on its New Jersey originations was 0.2 percentage points (state median 0.4).
Applications in the state were up 18% on 2023.
Compared with the state and the lender's national record
| Measure | In New Jersey | New Jersey, all lenders | M&T Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 44.6% | 26.0% | 34.1% | 24.3% |
| Median rate spread, pp | 0.2 | 0.4 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 22.1% | 17.7% | 30.2% | 15.6% |
| Average originated loan | $362k | $387k | $259k | $329k |
| Home purchase share | 38.2% | 51.0% | 33.4% | 57.0% |
| FHA-insured share | 4.5% | 11.2% | 6.8% | 13.4% |
| VA-guaranteed share | 0.2% | 2.9% | 2.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateNew Jersey, all lenders
Loan purpose and loan type in New Jersey
By purpose
Home purchase 38% (463)Home improvement 32% (393)Refinancing 12% (141)Cash-out refinancing 5% (55)Other purpose 13% (159)
By type
Conventional 95% (1,153)FHA 5% (55)VA 0% (3)
Denial reasons as coded
Share of 1,032 denials in New Jersey by first denial reason coded (outlined bar: all lenders in the state).
Counties in New Jersey
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Bergen County | 440 | 212 | $89m | 41.9% |
| Ocean County | 216 | 113 | $27m | 40.4% |
| Essex County | 294 | 112 | $47m | 55.6% |
| Monmouth County | 210 | 100 | $42m | 43.9% |
| Middlesex County | 179 | 90 | $23m | 43.1% |
| Union County | 171 | 80 | $27m | 46.9% |
| Morris County | 138 | 78 | $27m | 36.2% |
| Burlington County | 124 | 65 | $16m | 38.2% |
| Somerset County | 92 | 58 | $27m | 27.9% |
| Camden County | 105 | 52 | $12m | 40.9% |
| Hudson County | 125 | 47 | $21m | 52.8% |
| Cape May County | 58 | 43 | $30m | 23.2% |
| Passaic County | 116 | 40 | $9.2m | 59.0% |
| Mercer County | 70 | 37 | $17m | 38.7% |
| Atlantic County | 56 | 29 | $9.1m | 43.4% |
| Gloucester County | 57 | 15 | $4.4m | 65.3% |
| Sussex County | 32 | 14 | $3.4m | 51.7% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did M&T Bank originate in New Jersey in 2024?
1,211 loans totalling $438m, from 2,549 applications reported for properties in New Jersey.
What is M&T Bank's denial rate in New Jersey?
44.6% of decided applications in New Jersey were denied, against 26.0% for all lenders in the state and 34.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which New Jersey counties does M&T Bank lend in most?
By originations: Bergen County (212), Ocean County (113), Essex County (112), Monmouth County (100), Middlesex County (90).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New Jersey. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.