eTrade 2007 Annual Report Download - page 56
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The breakdowns by LTV/CLTV(1) and FICO score(2) of our two main loan portfolios, one-to four-family and
home equity, are as follows (dollars in thousands):
One- to
Four-Family Home Equity
LTV/CLTV
December 31,
2007
December 31,
2006
December 31,
2007
December 31,
2006
<=70% $ 6,666,212 $ 4,957,948 $ 3,628,619 $ 3,877,377
70% – 80% 8,450,977 5,603,921 2,086,277 2,055,692
80% – 90% 202,133 127,519 3,871,249 3,400,903
>90% 187,207 180,826 2,315,179 2,475,036
Total $15,506,529 $10,870,214 $11,901,324 $11,809,008
One- to
Four-Family Home Equity
FICO
December 31,
2007
December 31,
2006
December 31,
2007
December 31,
2006
>=720 $10,373,807 $ 7,370,649 $ 6,992,793 $ 7,058,794
719 – 700 2,089,014 1,411,458 1,898,924 1,802,172
699 – 680 1,585,613 1,073,235 1,668,427 1,434,947
679 – 660 943,538 619,449 757,016 830,433
659 – 620 503,573 382,033 566,030 659,063
<620 10,984 13,390 18,134 23,599
Total $15,506,529 $10,870,214 $11,901,324 $11,809,008
The increases in one- to four-family loans with FICO scores above 680 were driven predominantly by the
purchase of loans in those categories during the year ended December 31, 2007.
In addition to the factors described above, we monitor credit trends in loans by acquisition channel and
vintage, which are summarized below as of December 31, 2007 (dollars in thousands):
One- to
Four-Family Home Equity
Acquisition Channel
December 31,
2007
December 31,
2006
December 31,
2007
December 31,
2006
Purchased from a third party $12,904,759 $ 8,679,568 $10,638,021 $10,541,250
Originated by the Company 2,601,770 2,190,646 1,263,303 1,267,758
Total real estate loans $15,506,529 $10,870,214 $11,901,324 $11,809,008
One- to
Four-Family Home Equity
Vintage Year
December 31,
2007
December 31,
2006
December 31,
2007
December 31,
2006
2003 and prior $ 844,670 $ 1,044,221 $ 901,240 $ 1,176,320
2004 1,669,492 2,080,872 1,156,867 1,609,906
2005 3,084,336 3,657,194 2,790,423 3,582,871
2006 5,829,146 4,087,927 5,760,906 5,439,911
2007 4,078,885 — 1,291,888 —
Total real estate loans $15,506,529 $10,870,214 $11,901,324 $11,809,008
(1) LTV/CLTV data is based on LTV/CLTV ratios at the time of loan origination, and has not been updated to reflect changes in property
values since that time.
(2) FICO score is based on FICO scores at the time of loan origination, and has not been updated to reflect changes in credit scores since that
time.
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