Toyota Financial Savings Bank Mortgage Lending & HMDA Data, 2014

In 2014, Toyota Financial Savings Bank of Henderson, NV reported 270 mortgage applications totaling $189.4 million, down 36% from 2013. The average application was for $701,385, and applicants reported an average income of $715,296. 52% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (35), Los Angeles-Long Beach-Glendale, CA (14) and Riverside-San Bernardino-Ontario, CA (10) (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 270
Total Mortgage Loan Application Amount $189,374,000
Average Mortgage Loan Application Amount $701,385
Highest Mortgage Loan Application Amount $6,117,000
Average Applicant Income $715,296
Highest Applicant Income $9,447,000

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records Toyota Financial Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014

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
Home Purchase 146 $92,718,000 $635,000 $3,300,000 $691,000 $9,447,000
Refinancing 118 $94,790,000 $803,000 $6,117,000 $768,000 $8,080,000
Home Improvement 6 $1,866,000 $311,000 $960,000 $270,000 $761,000

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 205 $149,294,000 $728,000 $6,117,000 $771,000 $9,447,000
Not Provided 38 $21,455,000 $564,000 $1,620,000 $495,000 $2,002,000
Hispanic 15 $5,096,000 $339,000 $1,500,000 $306,000 $2,226,000
Black or African American 8 $11,803,000 $1,475,000 $3,210,000 $1,201,000 $2,955,000
Asian 3 $372,000 $124,000 $195,000 $337,000 $953,000
Native Hawaiian or Other Pacific Islander 1 $1,354,000 $1,354,000 $1,354,000 $1,109,000 $1,109,000
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) 270 $189,374,000 $701,000 $6,117,000 $715,000 $9,447,000
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 141 $118,690,000 $841,000 $6,117,000 $894,000 $9,447,000
Application Denied By Financial Institution 35 $27,239,000 $778,000 $4,040,000 $550,000 $2,452,000
Loan Purchased By The Institution 33 $3,619,000 $109,000 $190,000 $40,000 $93,000
Application Approved But Not Accepted 27 $20,235,000 $749,000 $2,846,000 $1,114,000 $7,800,000
Preapproval Approved but not Accepted 25 $12,954,000 $518,000 $2,000,000 $448,000 $1,695,000
Preapproval Denied by Financial Institution 5 $3,940,000 $788,000 $1,300,000 $275,000 $408,000
Application Withdrawn By Applicant 4 $2,697,000 $674,000 $1,880,000 $968,000 $2,312,000
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 17 $16,800,000 $988,000 $4,040,000 $622,000 $2,452,000
Credit History 12 $9,454,000 $787,000 $1,500,000 $575,000 $2,027,000
Credit Application Incomplete 6 $3,165,000 $527,000 $725,000 $412,000 $657,000
Debt-To-Income Ratio 2 $630,000 $315,000 $360,000 $95,000 $131,000
Employment History 2 $770,000 $385,000 $620,000 $128,000 $187,000
Insufficient Cash (Downpayment, Closing Cost) 1 $360,000 $360,000 $360,000 $241,000 $241,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Toyota Financial Savings Bank's 2014 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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