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Act (HMDA) records E*Trade Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 38 | $ 14,566,000 | $ 383,315 | $ 148,000 |
| New York-White Plains-Wayne, NY-NJ | 33 | $ 12,893,000 | $ 390,696 | $ 170,424 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 33 | $ 8,849,000 | $ 268,151 | $ 130,969 |
| Chicago-Joliet-Naperville, IL | 22 | $ 5,509,000 | $ 250,409 | $ 173,000 |
| San Francisco-San Mateo-Redwood City, CA | 21 | $ 10,840,000 | $ 516,190 | $ 207,000 |
| Houston-Sugar Land-Baytown, TX | 18 | $ 3,124,000 | $ 173,555 | $ 125,000 |
| San Diego-Carlsbad-San Marcos, CA | 18 | $ 5,573,000 | $ 309,611 | $ 364,000 |
| Santa Ana-Anaheim-Irvine, CA | 18 | $ 7,356,000 | $ 408,666 | $ 126,000 |
| Oakland-Fremont-Hayward, CA | 16 | $ 5,630,000 | $ 351,875 | $ 129,000 |
| Atlanta-Sandy Springs-Marietta, GA | 15 | $ 2,647,000 | $ 176,466 | $ 91,000 |
| Denver-Aurora-Broomfield, CO | 14 | $ 2,662,000 | $ 190,142 | $ 93,000 |
| Nassau-Suffolk, NY | 14 | $ 5,200,000 | $ 371,428 | $ 135,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 13 | $ 5,662,000 | $ 435,538 | $ 177,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 11 | $ 2,317,000 | $ 210,636 | $ 99,000 |
| Philadelphia, PA | 11 | $ 2,838,000 | $ 258,000 | $ 114,000 |
| Fort Worth-Arlington, TX | 10 | $ 722,000 | $ 72,200 | $ 93,000 |
| Newark-Union, NJ-PA | 10 | $ 2,976,000 | $ 297,600 | $ 199,000 |
| Phoenix-Mesa-Glendale, AZ | 10 | $ 2,642,000 | $ 264,200 | $ 128,000 |
| Bethesda-Rockville-Frederick, MD | 9 | $ 2,121,000 | $ 235,666 | $ 141,000 |
| Baltimore-Towson, MD | 8 | $ 3,081,000 | $ 385,125 | $ 236,000 |
| Edison-New Brunswick, NJ | 8 | $ 1,297,000 | $ 162,125 | $ 81,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 8 | $ 1,848,000 | $ 231,000 | $ 133,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 8 | $ 1,784,000 | $ 223,000 | $ 144,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 2,923,000 | $ 365,375 | $ 110,000 |
| Austin-Round Rock-San Marcos, TX | 7 | $ 2,003,000 | $ 286,142 | $ 161,000 |
| Kansas City, MO-KS | 7 | $ 1,305,000 | $ 186,428 | $ 110,571 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 1,816,000 | $ 259,428 | $ 120,000 |
| Warren-Troy-Farmington Hills, MI | 7 | $ 1,957,000 | $ 279,571 | $ 121,000 |
| Cambridge-Newton-Framingham, MA | 6 | $ 2,014,000 | $ 335,666 | $ 148,000 |
| Raleigh-Cary, NC | 6 | $ 1,689,000 | $ 281,500 | $ 126,000 |
| St. Louis, MO-IL | 6 | $ 1,249,000 | $ 208,166 | $ 163,333 |
| Camden, NJ | 5 | $ 1,430,000 | $ 286,000 | $ 137,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 5 | $ 786,000 | $ 157,200 | $ 99,000 |
| Cleveland-Elyria-Mentor, OH | 5 | $ 874,000 | $ 174,800 | $ 348,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 2,357,000 | $ 471,400 | $ 310,000 |
| Pittsburgh, PA | 5 | $ 605,000 | $ 121,000 | $ 96,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 923,000 | $ 184,600 | $ 274,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 813,000 | $ 162,600 | $ 273,000 |
| Barnstable Town, MA | 4 | $ 1,391,000 | $ 347,750 | $ 153,000 |
| Boulder, CO | 4 | $ 1,331,000 | $ 332,750 | $ 130,000 |
| Las Vegas-Paradise, NV | 4 | $ 937,000 | $ 234,250 | $ 172,000 |
| Santa Cruz-Watsonville, CA | 4 | $ 1,622,000 | $ 405,500 | $ 168,000 |
| Toledo, OH | 4 | $ 836,000 | $ 209,000 | $ 138,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 2,223,000 | $ 555,750 | $ 236,000 |
| Boston-Quincy, MA | 3 | $ 905,000 | $ 301,666 | $ 101,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 826,000 | $ 275,333 | $ 174,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 538,000 | $ 179,333 | $ 175,000 |
| Charleston-North Charleston-Summerville, SC | 3 | $ 414,000 | $ 138,000 | $ 93,000 |
| Dallas-Plano-Irving, TX | 3 | $ 671,000 | $ 223,666 | $ 176,000 |
| Louisville-Jefferson County, KY-IN | 3 | $ 409,000 | $ 136,333 | $ 97,333 |
| Rochester, NY | 3 | $ 417,000 | $ 139,000 | $ 132,000 |
| Birmingham-Hoover, AL | 2 | $ 200,000 | $ 100,000 | $ 95,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 407,000 | $ 203,500 | $ 198,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 232,000 | $ 116,000 | $ 76,000 |
| Huntsville, AL | 2 | $ 397,000 | $ 198,500 | $ 268,000 |
| Indianapolis-Carmel, IN | 2 | $ 223,000 | $ 111,500 | $ 52,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 167,000 | $ 83,500 | $ 26,000 |
| Knoxville, TN | 2 | $ 117,000 | $ 58,500 | $ 33,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 450,000 | $ 225,000 | $ 101,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 299,000 | $ 149,500 | $ 193,000 |
| New Haven-Milford, CT | 2 | $ 386,000 | $ 193,000 | $ 100,000 |
| Ocean City, NJ | 2 | $ 524,000 | $ 262,000 | $ 154,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 337,000 | $ 168,500 | $ 99,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 587,000 | $ 293,500 | $ 164,500 |
| Reno-Sparks, NV | 2 | $ 801,000 | $ 400,500 | $ 247,000 |
| Savannah, GA | 2 | $ 363,000 | $ 181,500 | $ 90,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 206,000 | $ 103,000 | $ 125,000 |
| Springfield, MO | 2 | $ 495,000 | $ 247,500 | $ 417,000 |
| Utica-Rome, NY | 2 | $ 386,000 | $ 193,000 | $ 278,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 193,000 | $ 96,500 | $ 64,500 |
| Winston-Salem, NC | 2 | $ 708,000 | $ 354,000 | $ 172,000 |
| Worcester, MA | 2 | $ 475,000 | $ 237,500 | $ 122,000 |
| York-Hanover, PA | 2 | $ 291,000 | $ 145,500 | $ 129,000 |
| Akron, OH | 1 | $ 74,000 | $ 74,000 | $ 73,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 215,000 | $ 215,000 | $ 423,000 |
| Alexandria, LA | 1 | $ 138,000 | $ 138,000 | $ 32,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 203,000 | $ 203,000 | $ 43,000 |
| Anchorage, AK | 1 | $ 550,000 | $ 550,000 | $ 185,000 |
| Asheville, NC | 1 | $ 350,000 | $ 350,000 | $ 70,000 |
| Athens-Clarke County, GA | 1 | $ 100,000 | $ 100,000 | $ 120,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 407,000 | $ 407,000 | $ 80,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 197,000 | $ 197,000 | $ 191,000 |
| Cape Girardeau-Jackson, MO-IL | 1 | $ 116,000 | $ 116,000 | $ 160,000 |
| Charleston, WV | 1 | $ 183,000 | $ 183,000 | $ 103,000 |
| Charlottesville, VA | 1 | $ 175,000 | $ 175,000 | $ 36,000 |
| Chattanooga, TN-GA | 1 | $ 225,000 | $ 225,000 | $ 809,000 |
| Colorado Springs, CO | 1 | $ 66,000 | $ 66,000 | $ 75,000 |
| Columbia, MO | 1 | $ 135,000 | $ 135,000 | $ 200,000 |
| Columbus, OH | 1 | $ 190,000 | $ 190,000 | $ 132,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 101,000 | $ 101,000 | $ 115,000 |
| Dayton, OH | 1 | $ 65,000 | $ 65,000 | $ 170,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 124,000 | $ 124,000 | $ 68,000 |
| Durham-Chapel Hill, NC | 1 | $ 300,000 | $ 300,000 | $ 120,000 |
| Eugene-Springfield, OR | 1 | $ 375,000 | $ 375,000 | $ 450,000 |
| Farmington, NM | 1 | $ 96,000 | $ 96,000 | $ 164,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 306,000 | $ 306,000 | $ 200,000 |
| Fort Collins-Loveland, CO | 1 | $ 254,000 | $ 254,000 | $ 220,000 |
| Fresno, CA | 1 | $ 251,000 | $ 251,000 | $ 100,000 |
| Gainesville, FL | 1 | $ 200,000 | $ 200,000 | $ 107,000 |
| Gary, IN | 1 | $ 615,000 | $ 615,000 | $ 482,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 62,000 | $ 62,000 | $ 78,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 380,000 | $ 380,000 | $ 174,000 |
| Holland-Grand Haven, MI | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Honolulu, HI | 1 | $ 377,000 | $ 377,000 | $ 155,000 |
| Hot Springs, AR | 1 | $ 283,000 | $ 283,000 | $ 102,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 130,000 | $ 130,000 | $ 240,000 |
| Jackson, MS | 1 | $ 186,000 | $ 186,000 | $ 67,000 |
| Jacksonville, FL | 1 | $ 50,000 | $ 50,000 | $ 140,000 |
| Jefferson City, MO | 1 | $ 407,000 | $ 407,000 | $ 406,000 |
| Johnson City, TN | 1 | $ 275,000 | $ 275,000 | $ 90,000 |
| Kalamazoo-Portage, MI | 1 | $ 115,000 | $ 115,000 | $ 112,000 |
| Kingston, NY | 1 | $ 178,000 | $ 178,000 | $ 51,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 51,000 | $ 51,000 | $ 48,000 |
| Lancaster, PA | 1 | $ 134,000 | $ 134,000 | $ 38,000 |
| Madison, WI | 1 | $ 304,000 | $ 304,000 | $ 150,000 |
| Mansfield, OH | 1 | $ 128,000 | $ 128,000 | $ 115,000 |
| Medford, OR | 1 | $ 389,000 | $ 389,000 | $ 340,000 |
| Merced, CA | 1 | $ 54,000 | $ 54,000 | $ 95,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Missoula, MT | 1 | $ 208,000 | $ 208,000 | $ 60,000 |
| Morristown, TN | 1 | $ 115,000 | $ 115,000 | $ 36,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 151,000 | $ 151,000 | $ 156,000 |
| Niles-Benton Harbor, MI | 1 | $ 56,000 | $ 56,000 | $ 73,000 |
| Norwich-New London, CT | 1 | $ 292,000 | $ 292,000 | $ 69,000 |
| Oklahoma City, OK | 1 | $ 239,000 | $ 239,000 | $ 118,000 |
| Olympia, WA | 1 | $ 167,000 | $ 167,000 | $ 40,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 88,000 | $ 88,000 | $ 66,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 120,000 | $ 120,000 | $ 103,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 154,000 | $ 154,000 | $ 93,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 272,000 | $ 272,000 | $ 21,000 |
| Peoria, IL | 1 | $ 400,000 | $ 400,000 | $ 179,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 282,000 | $ 282,000 | $ 101,000 |
| Provo-Orem, UT | 1 | $ 197,000 | $ 197,000 | $ 100,000 |
| Redding, CA | 1 | $ 150,000 | $ 150,000 | $ 47,000 |
| Richmond, VA | 1 | $ 272,000 | $ 272,000 | $ 81,000 |
| Roanoke, VA | 1 | $ 206,000 | $ 206,000 | $ 71,000 |
| Rome, GA | 1 | $ 59,000 | $ 59,000 | $ 80,000 |
| Salem, OR | 1 | $ 100,000 | $ 100,000 | $ 46,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 320,000 | $ 320,000 | $ 120,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 863,000 | $ 863,000 | $ 550,000 |
| Shreveport-Bossier City, LA | 1 | $ 245,000 | $ 245,000 | $ 2,250,000 |
| Spokane, WA | 1 | $ 150,000 | $ 150,000 | $ 23,000 |
| Springfield, IL | 1 | $ 160,000 | $ 160,000 | $ 77,000 |
| Stockton, CA | 1 | $ 257,000 | $ 257,000 | $ 93,000 |
| Syracuse, NY | 1 | $ 127,000 | $ 127,000 | $ 70,000 |
| Tacoma, WA | 1 | $ 300,000 | $ 300,000 | $ 90,000 |
| Trenton-Ewing, NJ | 1 | $ 246,000 | $ 246,000 | $ 139,000 |
| Tucson, AZ | 1 | $ 644,000 | $ 644,000 | $ 480,000 |
| Vallejo-Fairfield, CA | 1 | $ 225,000 | $ 225,000 | $ 512,000 |
| Visalia-Porterville, CA | 1 | $ 336,000 | $ 336,000 | $ 148,000 |
| Wichita, KS | 1 | $ 79,000 | $ 79,000 | $ 75,000 |
| Wilmington, DE-MD-NJ | 1 | $ 185,000 | $ 185,000 | $ 126,000 |
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.
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