E*Trade Savings Bank Mortgage Lending & HMDA Data, 2008
In 2008, E*Trade Savings Bank of Arlington, VA reported 34 mortgage applications totaling $11.2 million, down 100% from 2007. The average application was for $329,852, and applicants reported an average income of $154,000. 26% of its applications resulted in an originated loan and 41% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (5), Los Angeles-Long Beach-Glendale, CA (4) and Philadelphia, PA (4) (applications in parentheses).
| Mortgage Company & Address | E*Trade Savings Bank 671 North Glebe Road, 12th Floor Arlington, VA 22203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 34 |
| Total Mortgage Loan Application Amount | $11,215,000 |
| Average Mortgage Loan Application Amount | $329,852 |
| Highest Mortgage Loan Application Amount | $1,256,000 |
| Average Applicant Income | $154,000 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records E*Trade Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 4 | $ 1,021,000 | $ 255,250 | $ 68,000 |
| Chester, Pennsylvania | 3 | $ 918,000 | $ 306,000 | $ 181,000 |
| Alameda, California | 2 | $ 1,315,000 | $ 657,500 | $ 234,000 |
| Westchester, New York | 2 | $ 1,631,000 | $ 815,500 | $ 402,000 |
| Pima, Arizona | 1 | $ 125,000 | $ 125,000 | $ 106,000 |
| Mono, California | 1 | $ 337,000 | $ 337,000 | $ 144,000 |
| Placer, California | 1 | $ 232,000 | $ 232,000 | $ 87,000 |
| San Bernardino, California | 1 | $ 284,000 | $ 284,000 | $ 97,000 |
| San Francisco, California | 1 | $ 800,000 | $ 800,000 | $ 202,000 |
| San Mateo, California | 1 | $ 207,000 | $ 207,000 | $ 95,000 |
| Santa Cruz, California | 1 | $ 417,000 | $ 417,000 | $ 386,000 |
| Citrus, Florida | 1 | $ 130,000 | $ 130,000 | $ 46,000 |
| Seminole, Florida | 1 | $ 170,000 | $ 170,000 | $ 300,000 |
| Gwinnett, Georgia | 1 | $ 284,000 | $ 284,000 | $ 70,000 |
| Norfolk, Massachusetts | 1 | $ 352,000 | $ 352,000 | $ 178,000 |
| Suffolk, Massachusetts | 1 | $ 100,000 | $ 100,000 | $ 41,000 |
| Anoka, Minnesota | 1 | $ 175,000 | $ 175,000 | $ 80,000 |
| Crow Wing, Minnesota | 1 | $ 251,000 | $ 251,000 | $ 72,000 |
| Gallatin, Montana | 1 | $ 245,000 | $ 245,000 | $ 100,000 |
| Clark, Nevada | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| Santa Fe, New Mexico | 1 | $ 793,000 | $ 793,000 | $ 573,000 |
| Bronx, New York | 1 | $ 116,000 | $ 116,000 | $ 51,000 |
| Kings, New York | 1 | $ 279,000 | $ 279,000 | $ 47,000 |
| Queens, New York | 1 | $ 180,000 | $ 180,000 | $ 60,000 |
| Philadelphia, Pennsylvania | 1 | $ 120,000 | $ 120,000 | $ 22,000 |
| Brazoria, Texas | 1 | $ 279,000 | $ 279,000 | $ 250,000 |
| Utah, Utah | 1 | $ 279,000 | $ 279,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for E*Trade Savings Bank in 2008
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 17 | $5,704,000 | $335,000 | $1,256,000 | $142,000 | $600,000 |
| Refinancing | 17 | $5,511,000 | $324,000 | $793,000 | $166,000 | $573,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 19 | $7,235,000 | $380,000 | $1,256,000 | $202,000 | $600,000 |
| White | 8 | $1,606,000 | $200,000 | $352,000 | $76,000 | $178,000 |
| Black or African American | 3 | $1,241,000 | $413,000 | $715,000 | $98,000 | $168,000 |
| Asian | 2 | $589,000 | $294,000 | $400,000 | $133,000 | $203,000 |
| Hispanic | 1 | $207,000 | $207,000 | $207,000 | $95,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $337,000 | $337,000 | $337,000 | $144,000 | $144,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 34 | $11,215,000 | $329,000 | $1,256,000 | $154,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 14 | $3,568,000 | $254,000 | $600,000 | $120,000 | $300,000 |
| Loan Originated | 9 | $3,989,000 | $443,000 | $800,000 | $206,000 | $573,000 |
| Application Withdrawn By Applicant | 4 | $2,008,000 | $502,000 | $1,256,000 | $252,000 | $600,000 |
| Application Approved But Not Accepted | 4 | $1,044,000 | $261,000 | $405,000 | $132,000 | $240,000 |
| Loan Purchased By The Institution | 3 | $606,000 | $202,000 | $279,000 | $54,000 | $95,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 12 | $2,947,000 | $245,000 | $600,000 | $123,000 | $300,000 |
| Credit History | 1 | $284,000 | $284,000 | $284,000 | $70,000 | $70,000 |
| Collateral | 1 | $337,000 | $337,000 | $337,000 | $144,000 | $144,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Savings Bank's 2008 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 Savings 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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