E*Trade Bank Mortgage Lending & HMDA Data, 2011
In 2011, E*Trade Bank of Arlington, VA reported 691 mortgage applications totaling $186.9 million. The average application was for $270,500, and applicants reported an average income of $152,795. 30% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (38), New York-White Plains-Wayne, NY-NJ (33) and Washington-Arlington-Alexandria, DC-VA-MD-WV (33) (applications in parentheses).
| Mortgage Company & Address | E*Trade Bank 671 North Glebe Road, 12th Floor Arlington, VA 22203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 691 |
| Total Mortgage Loan Application Amount | $186,916,000 |
| Average Mortgage Loan Application Amount | $270,500 |
| Highest Mortgage Loan Application Amount | $1,845,000 |
| Average Applicant Income | $152,795 |
| Highest Applicant Income | $3,401,000 |
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Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 419 | $115,572,000 | $275,000 | $1,203,000 | $166,000 | $3,401,000 |
| Home Purchase | 262 | $69,195,000 | $264,000 | $1,845,000 | $134,000 | $1,008,000 |
| Home Improvement | 10 | $2,149,000 | $214,000 | $416,000 | $92,000 | $147,000 |
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 | 467 | $122,184,000 | $261,000 | $1,845,000 | $150,000 | $2,250,000 |
| Not Provided | 101 | $31,567,000 | $312,000 | $1,500,000 | $190,000 | $3,401,000 |
| Asian | 55 | $19,099,000 | $347,000 | $984,000 | $184,000 | $735,000 |
| Hispanic | 45 | $8,497,000 | $188,000 | $718,000 | $97,000 | $330,000 |
| Black or African American | 16 | $3,376,000 | $211,000 | $594,000 | $85,000 | $401,000 |
| American Indian or Alaskan Native | 5 | $1,336,000 | $267,000 | $658,000 | $94,000 | $164,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $857,000 | $428,000 | $676,000 | $142,000 | $259,000 |
| 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) | 658 | $182,076,000 | $276,000 | $1,845,000 | $159,000 | $3,401,000 |
| FHA-insured (Federal Housing Administration) | 26 | $3,448,000 | $132,000 | $302,000 | $34,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,392,000 | $198,000 | $389,000 | $72,000 | $340,000 |
| 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 | 258 | $72,650,000 | $281,000 | $984,000 | $169,000 | $1,176,000 |
| Loan Originated | 208 | $49,403,000 | $237,000 | $1,845,000 | $148,000 | $809,000 |
| Application Denied By Financial Institution | 160 | $51,626,000 | $322,000 | $1,500,000 | $156,000 | $3,401,000 |
| Loan Purchased By The Institution | 42 | $6,056,000 | $144,000 | $302,000 | $34,000 | $70,000 |
| Application Withdrawn By Applicant | 13 | $5,077,000 | $390,000 | $1,435,000 | $149,000 | $400,000 |
| File Closed For Incompleteness | 10 | $2,104,000 | $210,000 | $410,000 | $309,000 | $2,250,000 |
| 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 | 55 | $13,942,000 | $253,000 | $905,000 | $74,000 | $240,000 |
| Collateral | 49 | $15,718,000 | $320,000 | $1,203,000 | $174,000 | $1,060,000 |
| Credit Application Incomplete | 26 | $12,188,000 | $468,000 | $1,500,000 | $309,000 | $3,401,000 |
| Other | 16 | $4,903,000 | $306,000 | $1,000,000 | $135,000 | $309,000 |
| Unverifiable Information | 5 | $1,588,000 | $317,000 | $417,000 | $199,000 | $400,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,207,000 | $301,000 | $417,000 | $113,000 | $128,000 |
| Credit History | 4 | $1,798,000 | $449,000 | $658,000 | $143,000 | $174,000 |
| Employment History | 1 | $282,000 | $282,000 | $282,000 | $150,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Bank's 2011 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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