E*Trade Savings Bank Mortgage Lending & HMDA Data, 2007
In 2007, E*Trade Savings Bank of Arlington, VA reported 7,007 mortgage applications totaling $2.4 billion. The average application was for $348,572, and applicants reported an average income of $152,517. 52% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Denver-Aurora, CO (1,124), Los Angeles-Long Beach-Glendale, CA (888) and New York-White Plains-Wayne, NY-NJ (660) (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 | 7,007 |
| Total Mortgage Loan Application Amount | $2,442,447,000 |
| Average Mortgage Loan Application Amount | $348,572 |
| Highest Mortgage Loan Application Amount | $4,080,000 |
| Average Applicant Income | $152,517 |
| Highest Applicant Income | $8,100,000 |
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Act (HMDA) records E*Trade Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for E*Trade Savings Bank in 2007
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 | 3,745 | $1,365,756,000 | $364,000 | $3,500,000 | $146,000 | $2,442,000 |
| Home Purchase | 3,108 | $1,003,678,000 | $322,000 | $4,080,000 | $160,000 | $8,100,000 |
| Home Improvement | 154 | $73,013,000 | $474,000 | $3,000,000 | $160,000 | $978,000 |
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 | 4,075 | $1,507,624,000 | $369,000 | $3,000,000 | $165,000 | $3,564,000 |
| Hispanic | 1,009 | $254,842,000 | $252,000 | $3,500,000 | $112,000 | $1,000,000 |
| Not Provided | 926 | $328,665,000 | $354,000 | $4,080,000 | $151,000 | $1,938,000 |
| Asian | 555 | $225,653,000 | $406,000 | $2,438,000 | $156,000 | $1,200,000 |
| Black or African American | 324 | $85,838,000 | $264,000 | $2,560,000 | $141,000 | $8,100,000 |
| Not applicable | 61 | $20,831,000 | $341,000 | $1,000,000 | $44,000 | $171,000 |
| Native Hawaiian or Other Pacific Islander | 38 | $10,169,000 | $267,000 | $726,000 | $123,000 | $258,000 |
| American Indian or Alaskan Native | 19 | $8,825,000 | $464,000 | $1,500,000 | $222,000 | $875,000 |
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) | 7,007 | $2,442,447,000 | $348,000 | $4,080,000 | $153,000 | $8,100,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 3,624 | $1,202,873,000 | $331,000 | $3,250,000 | $149,000 | $8,100,000 |
| Application Denied By Financial Institution | 1,508 | $518,984,000 | $344,000 | $4,080,000 | $166,000 | $2,442,000 |
| Application Approved But Not Accepted | 1,435 | $605,269,000 | $421,000 | $3,250,000 | $171,000 | $3,564,000 |
| Loan Purchased By The Institution | 290 | $65,829,000 | $226,000 | $1,000,000 | $34,000 | $223,000 |
| Application Withdrawn By Applicant | 125 | $41,498,000 | $331,000 | $3,500,000 | $167,000 | $1,500,000 |
| File Closed For Incompleteness | 25 | $7,994,000 | $319,000 | $705,000 | $115,000 | $336,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 544 | $196,723,000 | $361,000 | $4,080,000 | $168,000 | $1,711,000 |
| Credit History | 314 | $102,896,000 | $327,000 | $3,000,000 | $164,000 | $2,442,000 |
| Collateral | 270 | $91,293,000 | $338,000 | $2,738,000 | $179,000 | $1,953,000 |
| Unverifiable Information | 163 | $58,744,000 | $360,000 | $3,000,000 | $187,000 | $1,935,000 |
| Debt-To-Income Ratio | 150 | $46,184,000 | $307,000 | $2,100,000 | $122,000 | $569,000 |
| Employment History | 59 | $18,019,000 | $305,000 | $2,000,000 | $140,000 | $816,000 |
| Other | 8 | $5,125,000 | $640,000 | $2,310,000 | $249,000 | $1,053,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Savings Bank's 2007 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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