Toyota Financial Savings Bank Mortgage Lending & HMDA Data, 2012

In 2012, Toyota Financial Savings Bank of Henderson, NV reported 428 mortgage applications totaling $269.3 million, up 33% from 2011. The average application was for $629,250, and applicants reported an average income of $818,579. 61% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Las Vegas-Paradise, NV (23), Santa Ana-Anaheim-Irvine, CA (21) and Los Angeles-Long Beach-Glendale, CA (19) (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 428
Total Mortgage Loan Application Amount $269,319,000
Average Mortgage Loan Application Amount $629,250
Highest Mortgage Loan Application Amount $7,500,000
Average Applicant Income $818,579
Highest Applicant Income $9,999,000

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records Toyota Financial Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 276 $183,870,000 $666,000 $7,500,000 $851,000 $9,999,000
Home Purchase 138 $73,603,000 $533,000 $4,250,000 $677,000 $6,428,000
Home Improvement 14 $11,846,000 $846,000 $5,500,000 $1,575,000 $6,190,000

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 317 $214,850,000 $677,000 $7,500,000 $851,000 $9,999,000
Not Provided 77 $40,823,000 $530,000 $5,102,000 $747,000 $6,428,000
Asian 16 $4,778,000 $298,000 $912,000 $427,000 $1,638,000
Hispanic 13 $5,256,000 $404,000 $1,800,000 $898,000 $9,999,000
Black or African American 4 $3,257,000 $814,000 $1,200,000 $1,066,000 $1,728,000
Native Hawaiian or Other Pacific Islander 1 $355,000 $355,000 $355,000 $330,000 $330,000
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) 428 $269,319,000 $629,000 $7,500,000 $819,000 $9,999,000
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 261 $169,315,000 $648,000 $7,500,000 $800,000 $9,999,000
Application Denied By Financial Institution 71 $47,427,000 $667,000 $4,236,000 $1,115,000 $9,999,000
Preapproval Approved but not Accepted 27 $17,829,000 $660,000 $2,250,000 $651,000 $2,235,000
Application Withdrawn By Applicant 22 $18,114,000 $823,000 $5,500,000 $1,291,000 $9,999,000
Loan Purchased By The Institution 19 $2,275,000 $119,000 $320,000 $76,000 $565,000
Application Approved But Not Accepted 15 $6,790,000 $452,000 $1,400,000 $598,000 $2,999,000
Preapproval Denied by Financial Institution 13 $7,569,000 $582,000 $3,150,000 $464,000 $1,438,000
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
Collateral 49 $36,816,000 $751,000 $4,236,000 $1,171,000 $9,999,000
Credit Application Incomplete 13 $8,416,000 $647,000 $3,150,000 $614,000 $1,500,000
Credit History 11 $4,907,000 $446,000 $1,723,000 $1,645,000 $7,800,000
Debt-To-Income Ratio 8 $3,878,000 $484,000 $1,360,000 $85,000 $194,000
Other 3 $979,000 $326,000 $412,000 $348,000 $586,000
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 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 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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