E*Trade Bank Mortgage Lending & HMDA Data, 2010
In 2010, E*Trade Bank of Arlington, VA reported 1,904 mortgage applications totaling $547.2 million, down 6% from 2009. The average application was for $287,372, and applicants reported an average income of $147,209. 27% of its applications resulted in an originated loan and 25% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (115), Los Angeles-Long Beach-Glendale, CA (95) and Washington-Arlington-Alexandria, DC-VA-MD-WV (75) (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 | 1,904 |
| Total Mortgage Loan Application Amount | $547,157,000 |
| Average Mortgage Loan Application Amount | $287,372 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $147,209 |
| Highest Applicant Income | $5,400,000 |
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Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 1,420 | $412,337,000 | $290,000 | $2,000,000 | $138,000 | $1,440,000 |
| Home Purchase | 462 | $129,822,000 | $281,000 | $1,000,000 | $177,000 | $5,400,000 |
| Home Improvement | 22 | $4,998,000 | $227,000 | $625,000 | $116,000 | $321,000 |
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 | 1,213 | $341,874,000 | $281,000 | $1,394,000 | $148,000 | $5,400,000 |
| Not Provided | 395 | $114,144,000 | $288,000 | $2,000,000 | $145,000 | $2,690,000 |
| Asian | 182 | $62,472,000 | $343,000 | $1,300,000 | $168,000 | $1,800,000 |
| Hispanic | 65 | $16,835,000 | $259,000 | $720,000 | $113,000 | $287,000 |
| Black or African American | 35 | $8,756,000 | $250,000 | $843,000 | $107,000 | $260,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,152,000 | $269,000 | $417,000 | $134,000 | $221,000 |
| American Indian or Alaskan Native | 6 | $924,000 | $154,000 | $260,000 | $130,000 | $348,000 |
| 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) | 1,880 | $543,106,000 | $288,000 | $2,000,000 | $149,000 | $5,400,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,572,000 | $162,000 | $197,000 | $46,000 | $62,000 |
| VA-guaranteed (Veterans Administration) | 2 | $479,000 | $239,000 | $299,000 | $61,000 | $74,000 |
| 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 | 820 | $234,895,000 | $286,000 | $1,308,000 | $155,000 | $1,870,000 |
| Loan Originated | 520 | $127,289,000 | $244,000 | $1,300,000 | $131,000 | $775,000 |
| Application Denied By Financial Institution | 479 | $162,686,000 | $339,000 | $2,000,000 | $159,000 | $5,400,000 |
| Loan Purchased By The Institution | 46 | $8,344,000 | $181,000 | $401,000 | $48,000 | $81,000 |
| Application Withdrawn By Applicant | 26 | $10,571,000 | $406,000 | $1,000,000 | $217,000 | $1,800,000 |
| File Closed For Incompleteness | 13 | $3,372,000 | $259,000 | $535,000 | $114,000 | $253,000 |
| 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 | 171 | $63,388,000 | $370,000 | $1,005,000 | $95,000 | $698,000 |
| Collateral | 151 | $44,125,000 | $292,000 | $835,000 | $168,000 | $2,100,000 |
| Credit Application Incomplete | 62 | $24,117,000 | $388,000 | $2,000,000 | $272,000 | $5,400,000 |
| Other | 53 | $18,116,000 | $341,000 | $1,394,000 | $174,000 | $1,050,000 |
| Credit History | 21 | $6,879,000 | $327,000 | $932,000 | $263,000 | $2,690,000 |
| Unverifiable Information | 8 | $1,793,000 | $224,000 | $623,000 | $137,000 | $500,000 |
| Employment History | 7 | $2,225,000 | $317,000 | $678,000 | $110,000 | $235,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,043,000 | $340,000 | $606,000 | $152,000 | $348,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Bank's 2010 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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