E*Trade Savings Bank Mortgage Lending & HMDA Data, 2011
In 2011, E*Trade Savings Bank of Arlington, VA reported 1,834 mortgage applications totaling $472.5 million. The average application was for $257,650, and applicants reported an average income of $149,194. 17% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (88), Washington-Arlington-Alexandria, DC-VA-MD-WV (80) and Chicago-Joliet-Naperville, IL (74) (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 | 1,834 |
| Total Mortgage Loan Application Amount | $472,531,000 |
| Average Mortgage Loan Application Amount | $257,650 |
| Highest Mortgage Loan Application Amount | $1,953,000 |
| Average Applicant Income | $149,194 |
| Highest Applicant Income | $4,443,000 |
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Act (HMDA) records E*Trade Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 1,551 | $404,058,000 | $260,000 | $1,953,000 | $148,000 | $3,000,000 |
| Home Purchase | 259 | $62,990,000 | $243,000 | $1,050,000 | $142,000 | $3,051,000 |
| Home Improvement | 24 | $5,483,000 | $228,000 | $487,000 | $304,000 | $4,443,000 |
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 | 1,249 | $313,872,000 | $251,000 | $1,953,000 | $147,000 | $4,443,000 |
| Not Provided | 293 | $81,718,000 | $278,000 | $1,400,000 | $161,000 | $3,000,000 |
| Asian | 195 | $52,752,000 | $270,000 | $840,000 | $151,000 | $1,980,000 |
| Hispanic | 58 | $13,909,000 | $239,000 | $979,000 | $130,000 | $1,524,000 |
| Black or African American | 25 | $5,927,000 | $237,000 | $626,000 | $156,000 | $1,200,000 |
| American Indian or Alaskan Native | 8 | $2,108,000 | $263,000 | $626,000 | $124,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,245,000 | $374,000 | $630,000 | $199,000 | $300,000 |
| 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) | 1,793 | $467,419,000 | $260,000 | $1,953,000 | $153,000 | $4,443,000 |
| FHA-insured (Federal Housing Administration) | 36 | $4,248,000 | $118,000 | $327,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 5 | $864,000 | $172,000 | $367,000 | $0 | $0 |
| 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 | 1,047 | $266,943,000 | $254,000 | $1,120,000 | $172,000 | $4,443,000 |
| Application Denied By Financial Institution | 347 | $104,008,000 | $299,000 | $1,953,000 | $114,000 | $575,000 |
| Loan Originated | 314 | $65,337,000 | $208,000 | $969,000 | $132,000 | $1,532,000 |
| Application Withdrawn By Applicant | 59 | $23,816,000 | $403,000 | $1,500,000 | $162,000 | $1,200,000 |
| Loan Purchased By The Institution | 45 | $5,970,000 | $132,000 | $367,000 | $0 | $0 |
| File Closed For Incompleteness | 22 | $6,457,000 | $293,000 | $1,050,000 | $150,000 | $300,000 |
| 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 | 161 | $50,970,000 | $316,000 | $1,400,000 | $76,000 | $293,000 |
| Credit Application Incomplete | 70 | $17,965,000 | $256,000 | $1,050,000 | $125,000 | $416,000 |
| Collateral | 48 | $12,045,000 | $250,000 | $866,000 | $152,000 | $575,000 |
| Other | 34 | $12,302,000 | $361,000 | $1,953,000 | $179,000 | $504,000 |
| Credit History | 19 | $6,640,000 | $349,000 | $905,000 | $168,000 | $320,000 |
| Unverifiable Information | 7 | $932,000 | $133,000 | $331,000 | $75,000 | $201,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $3,074,000 | $439,000 | $800,000 | $190,000 | $348,000 |
| Employment History | 1 | $80,000 | $80,000 | $80,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into E*Trade Savings 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 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.
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