E*Trade Bank Mortgage Lending & HMDA Data, 2004
In 2004, E*Trade Bank of Arlington, VA reported 43,463 mortgage applications totaling $10.8 billion, down 51% from 2003. The average application was for $249,162, and applicants reported an average income of $87,231. 36% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (3,899), Santa Ana-Anaheim-Irvine, CA (2,420) and Riverside-San Bernardino-Ontario, CA (2,249) (applications in parentheses).
| Mortgage Company & Address | E*Trade Bank 671 North Glebe Rd, 12th Floor Arlington, VA 22203 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 | 43,463 |
| Total Mortgage Loan Application Amount | $10,829,347,000 |
| Average Mortgage Loan Application Amount | $249,162 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $87,231 |
| Highest Applicant Income | $7,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 E*Trade Bank in 2004
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 | 27,300 | $6,643,342,000 | $193,423 | $2,400,000 | $74,326 | $7,800,000 |
| Home Purchase | 16,163 | $4,186,005,000 | $199,288 | $1,980,000 | $86,807 | $6,000,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 13,791 | $3,868,553,000 | $239,942 | $2,400,000 | $1,442 | $4,303,000 |
| White | 13,283 | $3,091,256,000 | $185,730 | $1,000,000 | $97,596 | $2,400,000 |
| Not Provided | 12,406 | $2,886,682,000 | $175,442 | $1,103,000 | $94,000 | $7,800,000 |
| Asian | 2,052 | $585,809,000 | $198,148 | $1,000,000 | $123,765 | $1,260,000 |
| Hispanic | 1,097 | $236,804,000 | $175,891 | $1,000,000 | $89,543 | $744,000 |
| Black or African American | 660 | $119,124,000 | $162,351 | $950,000 | $75,783 | $696,000 |
| Native Hawaiian or Other Pacific Islander | 102 | $26,480,000 | $190,133 | $935,000 | $89,933 | $360,000 |
| American Indian or Alaskan Native | 72 | $14,639,000 | $172,480 | $544,000 | $86,600 | $300,000 |
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) | 42,671 | $10,747,885,000 | $195,903 | $2,400,000 | $83,115 | $7,800,000 |
| FHA-insured (Federal Housing Administration) | 792 | $81,462,000 | $99,920 | $1,000,000 | $440 | $112,000 |
| 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 |
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 | 15,563 | $3,748,595,000 | $183,269 | $1,103,000 | $95,769 | $1,367,000 |
| Loan Purchased By The Institution | 14,007 | $3,908,841,000 | $239,750 | $2,400,000 | $2,000 | $4,303,000 |
| Application Denied By Financial Institution | 8,996 | $2,060,776,000 | $182,250 | $1,000,000 | $92,865 | $7,800,000 |
| Application Withdrawn By Applicant | 2,706 | $589,807,000 | $168,173 | $1,000,000 | $100,365 | $1,440,000 |
| Application Approved But Not Accepted | 2,191 | $521,328,000 | $181,520 | $1,000,000 | $96,120 | $1,620,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 5,259 | $1,229,597,000 | $189,250 | $1,000,000 | $102,057 | $7,800,000 |
| Debt-To-Income Ratio | 1,229 | $314,241,000 | $194,347 | $1,000,000 | $75,956 | $744,000 |
| Credit History | 1,058 | $212,002,000 | $167,122 | $990,000 | $78,224 | $1,800,000 |
| Collateral | 580 | $125,387,000 | $170,530 | $819,000 | $106,000 | $734,000 |
| Other | 511 | $96,182,000 | $167,840 | $1,000,000 | $77,181 | $747,000 |
| Employment History | 165 | $42,826,000 | $212,722 | $800,000 | $111,722 | $1,200,000 |
| Unverifiable Information | 119 | $23,959,000 | $169,965 | $700,000 | $82,586 | $1,200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 68 | $14,402,000 | $175,434 | $634,000 | $81,130 | $221,000 |
| Mortgage Insurance Denied | 7 | $2,180,000 | $209,200 | $1,000,000 | $90,200 | $300,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Bank's 2004 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 E*Trade 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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