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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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E*TRADE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
E*TRADE BANK |
| Address | 3353 MICHELSON DRIVE, 2ND FLOOR
IRVINE, CA 92612 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 26,906 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,662,091,000 |
| Average Mortgage Loan Amount Applied For | $192,403 |
| Highest Mortgage Loan Amount Applied For | $4,800,000 |
| Average Applicant Income | $91,691 |
| Highest Applicant Income | $9,100,000 |
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| Home Improvement |
89 | $37,411,000 |
$420,000 | $4,500,000 |
$151,000 | $1,023,000 |
| Home Purchase |
12,822 | $4,476,727,000 |
$349,000 | $3,000,000 |
$101,000 | $9,100,000 |
| Refinancing |
17,152 | $4,942,316,000 |
$288,000 | $4,800,000 |
$98,000 | $6,480,000 |
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| American Indian or Alaskan Native |
85 | $20,823,000 |
$244,000 | $1,000,000 |
$90,000 | $434,000 |
| Asian |
1,271 | $438,219,000 |
$344,000 | $2,000,000 |
$134,000 | $9,100,000 |
| Black or African American |
772 | $168,043,000 |
$217,000 | $1,425,000 |
$86,000 | $1,046,000 |
| Hispanic |
1,167 | $310,434,000 |
$266,000 | $1,924,000 |
$101,000 | $939,000 |
| Native Hawaiin or Other Pacific Islander |
156 | $34,308,000 |
$219,000 | $1,000,000 |
$89,000 | $510,000 |
| Not applicable |
5,985 | $3,261,611,000 |
$544,000 | $4,800,000 |
$0 | $642,000 |
| Not Provided |
9,095 | $1,917,697,000 |
$210,000 | $3,500,000 |
$124,000 | $2,615,000 |
| White |
11,532 | $3,305,319,000 |
$286,000 | $4,500,000 |
$128,000 | $6,480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
30,062 | $9,456,353,000 |
$314,000 | $4,800,000 |
$99,000 | $9,100,000 |
| FHA-insured (Federal Housing Administration) |
1 | $101,000 |
$101,000 | $101,000 |
$49,000 | $49,000 |
| 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 |
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| Application Approved But Not Accepted |
1,528 | $460,953,000 |
$301,000 | $3,000,000 |
$143,000 | $2,000,000 |
| Application Denied By Financial Institution |
7,555 | $1,806,680,000 |
$239,000 | $4,500,000 |
$121,000 | $9,100,000 |
| Application Withdrawn By Applicant |
2,000 | $459,527,000 |
$229,000 | $3,500,000 |
$124,000 | $2,400,000 |
| File Closed For Incompleteness |
19 | $7,596,000 |
$399,000 | $1,340,000 |
$182,000 | $917,000 |
| Loan Originated |
8,037 | $2,288,838,000 |
$284,000 | $3,200,000 |
$132,000 | $3,600,000 |
| Loan Purchased By The Institution |
7,767 | $3,638,497,000 |
$468,000 | $4,800,000 |
$29,000 | $2,378,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
3,157 | $794,363,000 |
$251,000 | $1,600,000 |
$100,000 | $3,878,000 |
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| Collateral |
729 | $184,852,000 |
$253,000 | $4,500,000 |
$136,000 | $2,484,000 |
| Credit Application Incomplete |
7,720 | $1,880,313,000 |
$243,000 | $2,900,000 |
$117,000 | $9,100,000 |
| Credit History |
1,031 | $216,028,000 |
$209,000 | $2,178,000 |
$96,000 | $1,800,000 |
| Debt-To-Income Ratio |
787 | $202,289,000 |
$257,000 | $1,500,000 |
$78,000 | $600,000 |
| Employment History |
92 | $21,038,000 |
$228,000 | $720,000 |
$95,000 | $500,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
29 | $7,699,000 |
$265,000 | $1,069,000 |
$113,000 | $528,000 |
| Mortgage Insurance Denied |
2 | $191,000 |
$95,000 | $158,000 |
$135,000 | $230,000 |
| Other |
188 | $39,333,000 |
$209,000 | $2,193,000 |
$123,000 | $1,074,000 |
| Unverifiable Information |
134 | $49,300,000 |
$367,000 | $3,900,000 |
$244,000 | $6,480,000 |
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Mortgage Loan App Totals for E*TRADE BANK by:
Metropolitan Area And
County
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