Toyota Financial Savings Bank Mortgage Lending & HMDA Data, 2010

In 2010, Toyota Financial Savings Bank of Henderson, NV reported 269 mortgage applications totaling $187.5 million, down 24% from 2009. The average application was for $697,040, and applicants reported an average income of $846,349. 66% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Santa Ana-Anaheim-Irvine, CA (19), Los Angeles-Long Beach-Glendale, CA (15) and Philadelphia, PA (8) (applications in parentheses).

Mortgage Company & Address Toyota Financial Savings Bank
2485 Village View Drive, Suite 200
Henderson, NV 89074
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 269
Total Mortgage Loan Application Amount $187,504,000
Average Mortgage Loan Application Amount $697,040
Highest Mortgage Loan Application Amount $5,635,000
Average Applicant Income $846,349
Highest Applicant Income $8,057,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Toyota Financial Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Toyota Financial Savings Bank in 2010

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 177 $130,547,000 $737,000 $5,635,000 $904,000 $7,829,000
Home Purchase 91 $56,873,000 $624,000 $3,185,000 $741,000 $8,057,000
Home Improvement 1 $84,000 $84,000 $84,000 $229,000 $229,000

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 197 $137,084,000 $695,000 $5,500,000 $910,000 $8,057,000
Not Provided 51 $37,154,000 $728,000 $5,635,000 $791,000 $7,267,000
Asian 14 $8,788,000 $627,000 $2,250,000 $412,000 $619,000
Hispanic 2 $532,000 $266,000 $417,000 $286,000 $470,000
Native Hawaiian or Other Pacific Islander 2 $507,000 $253,000 $372,000 $302,000 $302,000
American Indian or Alaskan Native 2 $349,000 $174,000 $199,000 $112,000 $174,000
Black or African American 1 $3,090,000 $3,090,000 $3,090,000 $888,000 $888,000
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) 269 $187,504,000 $697,000 $5,635,000 $846,000 $8,057,000
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 177 $107,011,000 $604,000 $5,500,000 $765,000 $7,267,000
Application Denied By Financial Institution 43 $40,117,000 $932,000 $5,635,000 $1,076,000 $7,829,000
Application Withdrawn By Applicant 36 $30,660,000 $851,000 $4,850,000 $1,136,000 $8,057,000
Application Approved But Not Accepted 8 $5,685,000 $710,000 $1,785,000 $304,000 $565,000
Preapproval Denied by Financial Institution 5 $4,031,000 $806,000 $2,250,000 $528,000 $1,704,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 32 $33,514,000 $1,047,000 $5,635,000 $1,372,000 $7,829,000
Credit History 8 $4,748,000 $593,000 $1,200,000 $332,000 $600,000
Credit Application Incomplete 5 $1,697,000 $339,000 $432,000 $235,000 $376,000
Debt-To-Income Ratio 2 $3,115,000 $1,557,000 $2,250,000 $343,000 $540,000
Other 1 $1,074,000 $1,074,000 $1,074,000 $503,000 $503,000
Unverifiable Information 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Toyota Financial Savings Bank's 2010 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 Toyota Financial 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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