E*Trade Bank Mortgage Lending & HMDA Data, 2006
In 2006, E*Trade Bank of Arlington, VA reported 30,063 mortgage applications totaling $9.5 billion, down 30% from 2005. The average application was for $314,554, and applicants reported an average income of $99,436. 27% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,736), New York-White Plains-Wayne, NY-NJ (1,349) and Denver-Aurora, CO (1,126) (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 | 30,063 |
| Total Mortgage Loan Application Amount | $9,456,454,000 |
| Average Mortgage Loan Application Amount | $314,554 |
| Highest Mortgage Loan Application Amount | $4,800,000 |
| Average Applicant Income | $99,436 |
| Highest Applicant Income | $9,100,000 |
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Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 17,152 | $4,942,316,000 | $288,000 | $4,800,000 | $98,000 | $6,480,000 |
| Home Purchase | 12,822 | $4,476,727,000 | $349,000 | $3,000,000 | $101,000 | $9,100,000 |
| Home Improvement | 89 | $37,411,000 | $420,000 | $4,500,000 | $151,000 | $1,023,000 |
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 | 11,532 | $3,305,319,000 | $286,000 | $4,500,000 | $128,000 | $6,480,000 |
| Not Provided | 9,095 | $1,917,697,000 | $210,000 | $3,500,000 | $124,000 | $2,615,000 |
| Not applicable | 5,985 | $3,261,611,000 | $544,000 | $4,800,000 | $0 | $642,000 |
| Asian | 1,271 | $438,219,000 | $344,000 | $2,000,000 | $134,000 | $9,100,000 |
| Hispanic | 1,167 | $310,434,000 | $266,000 | $1,924,000 | $101,000 | $939,000 |
| Black or African American | 772 | $168,043,000 | $217,000 | $1,425,000 | $86,000 | $1,046,000 |
| Native Hawaiian or Other Pacific Islander | 156 | $34,308,000 | $219,000 | $1,000,000 | $89,000 | $510,000 |
| American Indian or Alaskan Native | 85 | $20,823,000 | $244,000 | $1,000,000 | $90,000 | $434,000 |
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) | 30,062 | $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 |
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 | 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 |
| Application Denied By Financial Institution | 7,555 | $1,806,680,000 | $239,000 | $4,500,000 | $121,000 | $9,100,000 |
| Preapproval Denied by Financial Institution | 3,157 | $794,363,000 | $251,000 | $1,600,000 | $100,000 | $3,878,000 |
| Application Withdrawn By Applicant | 2,000 | $459,527,000 | $229,000 | $3,500,000 | $124,000 | $2,400,000 |
| Application Approved But Not Accepted | 1,528 | $460,953,000 | $301,000 | $3,000,000 | $143,000 | $2,000,000 |
| File Closed For Incompleteness | 19 | $7,596,000 | $399,000 | $1,340,000 | $182,000 | $917,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 |
| Collateral | 729 | $184,852,000 | $253,000 | $4,500,000 | $136,000 | $2,484,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Bank's 2006 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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