E*Trade Bank Mortgage Lending & HMDA Data, 2009
In 2009, E*Trade Bank of Arlington, VA reported 2,028 mortgage applications totaling $504.4 million, up 21% from 2008. The average application was for $248,718, and applicants reported an average income of $130,239. 26% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (94), New York-White Plains-Wayne, NY-NJ (87) and Los Angeles-Long Beach-Glendale, CA (72) (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 | 2,028 |
| Total Mortgage Loan Application Amount | $504,401,000 |
| Average Mortgage Loan Application Amount | $248,718 |
| Highest Mortgage Loan Application Amount | $1,257,000 |
| Average Applicant Income | $130,239 |
| Highest Applicant Income | $1,800,000 |
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Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 1,573 | $382,100,000 | $242,000 | $1,257,000 | $130,000 | $1,800,000 |
| Home Purchase | 411 | $112,912,000 | $274,000 | $1,100,000 | $136,000 | $920,000 |
| Home Improvement | 44 | $9,389,000 | $213,000 | $438,000 | $85,000 | $250,000 |
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 | 1,375 | $324,960,000 | $236,000 | $1,095,000 | $128,000 | $1,800,000 |
| Not Provided | 343 | $93,274,000 | $271,000 | $1,100,000 | $132,000 | $1,431,000 |
| Asian | 156 | $50,205,000 | $321,000 | $1,257,000 | $153,000 | $1,500,000 |
| Hispanic | 89 | $23,370,000 | $262,000 | $728,000 | $132,000 | $920,000 |
| Black or African American | 52 | $9,387,000 | $180,000 | $702,000 | $112,000 | $1,020,000 |
| American Indian or Alaskan Native | 8 | $1,544,000 | $193,000 | $326,000 | $139,000 | $402,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,661,000 | $332,000 | $552,000 | $126,000 | $216,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 1,997 | $497,225,000 | $248,000 | $1,257,000 | $131,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 30 | $6,964,000 | $232,000 | $353,000 | $59,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 1 | $212,000 | $212,000 | $212,000 | $65,000 | $65,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 1,047 | $268,765,000 | $256,000 | $869,000 | $144,000 | $1,800,000 |
| Loan Originated | 521 | $114,882,000 | $220,000 | $730,000 | $120,000 | $757,000 |
| Application Denied By Financial Institution | 386 | $97,502,000 | $252,000 | $1,257,000 | $106,000 | $1,500,000 |
| Application Withdrawn By Applicant | 36 | $14,500,000 | $402,000 | $1,100,000 | $191,000 | $674,000 |
| Loan Purchased By The Institution | 32 | $7,233,000 | $226,000 | $353,000 | $59,000 | $117,000 |
| File Closed For Incompleteness | 6 | $1,519,000 | $253,000 | $507,000 | $124,000 | $220,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 140 | $36,765,000 | $262,000 | $1,095,000 | $66,000 | $450,000 |
| Collateral | 134 | $31,213,000 | $232,000 | $595,000 | $116,000 | $720,000 |
| Other | 49 | $13,291,000 | $271,000 | $927,000 | $158,000 | $1,000,000 |
| Credit Application Incomplete | 36 | $9,757,000 | $271,000 | $1,257,000 | $160,000 | $1,500,000 |
| Credit History | 12 | $2,100,000 | $175,000 | $645,000 | $74,000 | $175,000 |
| Unverifiable Information | 7 | $1,739,000 | $248,000 | $400,000 | $151,000 | $370,000 |
| Employment History | 6 | $2,005,000 | $334,000 | $501,000 | $78,000 | $160,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $632,000 | $316,000 | $560,000 | $138,000 | $217,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade 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 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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