E*Trade Savings Bank Mortgage Lending & HMDA Data, 2012
In 2012, E*Trade Savings Bank of Arlington, VA reported 3,770 mortgage applications totaling $952.4 million, up 106% from 2011. The average application was for $252,623, and applicants reported an average income of $140,531. 37% of its applications resulted in an originated loan and 21% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (179), Washington-Arlington-Alexandria, DC-VA-MD-WV (142) and Los Angeles-Long Beach-Glendale, CA (140) (applications in parentheses).
| Mortgage Company & Address | E*Trade Savings Bank 671 N. Glebe Rd 12th Floor Arlington, VA 22203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 3,770 |
| Total Mortgage Loan Application Amount | $952,392,000 |
| Average Mortgage Loan Application Amount | $252,623 |
| Highest Mortgage Loan Application Amount | $1,336,000 |
| Average Applicant Income | $140,531 |
| Highest Applicant Income | $3,335,000 |
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Act (HMDA) records E*Trade Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 3,237 | $807,124,000 | $249,000 | $1,336,000 | $137,000 | $3,335,000 |
| Home Purchase | 487 | $133,775,000 | $274,000 | $1,261,000 | $165,000 | $3,200,000 |
| Home Improvement | 46 | $11,493,000 | $249,000 | $1,000,000 | $130,000 | $326,000 |
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 | 2,564 | $643,803,000 | $251,000 | $1,336,000 | $146,000 | $3,335,000 |
| Not Provided | 569 | $144,861,000 | $254,000 | $1,096,000 | $134,000 | $620,000 |
| Asian | 336 | $100,516,000 | $299,000 | $1,279,000 | $143,000 | $875,000 |
| Hispanic | 141 | $32,870,000 | $233,000 | $1,080,000 | $147,000 | $3,200,000 |
| Not applicable | 98 | $16,429,000 | $167,000 | $390,000 | $36,000 | $110,000 |
| Black or African American | 42 | $8,328,000 | $198,000 | $466,000 | $123,000 | $500,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $3,051,000 | $305,000 | $601,000 | $117,000 | $272,000 |
| American Indian or Alaskan Native | 10 | $2,534,000 | $253,000 | $426,000 | $225,000 | $1,371,000 |
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) | 3,768 | $952,117,000 | $252,000 | $1,336,000 | $141,000 | $3,335,000 |
| FHA-insured (Federal Housing Administration) | 1 | $171,000 | $171,000 | $171,000 | $53,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 1 | $104,000 | $104,000 | $104,000 | $21,000 | $21,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,397 | $309,544,000 | $221,000 | $1,279,000 | $136,000 | $2,520,000 |
| Application Approved But Not Accepted | 1,317 | $341,081,000 | $258,000 | $1,225,000 | $152,000 | $3,335,000 |
| Application Denied By Financial Institution | 810 | $233,552,000 | $288,000 | $1,336,000 | $143,000 | $3,200,000 |
| Application Withdrawn By Applicant | 111 | $41,819,000 | $376,000 | $1,306,000 | $149,000 | $1,200,000 |
| Loan Purchased By The Institution | 98 | $16,429,000 | $167,000 | $390,000 | $36,000 | $110,000 |
| File Closed For Incompleteness | 37 | $9,967,000 | $269,000 | $675,000 | $146,000 | $375,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 292 | $81,552,000 | $279,000 | $1,336,000 | $174,000 | $2,100,000 |
| Debt-To-Income Ratio | 276 | $81,974,000 | $297,000 | $1,200,000 | $81,000 | $493,000 |
| Other | 74 | $17,548,000 | $237,000 | $700,000 | $134,000 | $470,000 |
| Credit Application Incomplete | 72 | $22,600,000 | $313,000 | $936,000 | $176,000 | $848,000 |
| Credit History | 58 | $19,635,000 | $338,000 | $1,080,000 | $213,000 | $3,200,000 |
| Unverifiable Information | 14 | $3,574,000 | $255,000 | $626,000 | $177,000 | $587,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $4,501,000 | $346,000 | $1,000,000 | $320,000 | $2,340,000 |
| Employment History | 11 | $2,168,000 | $197,000 | $548,000 | $70,000 | $191,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Savings Bank's 2012 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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