eTrade 2012 Annual Report Download - page 74
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One- to Four-Family Home Equity
December 31, December 31,
Current FICO (1) 2012 2011 2012 2011
>=720 $2,819.5 $3,557.6 $2,238.3 $2,780.2
719 - 700 498.1 585.2 417.9 497.7
699 - 680 425.5 448.6 345.8 408.8
679 - 660 347.2 385.0 279.7 325.8
659 - 620 494.0 525.9 370.3 447.9
<620 857.9 1,113.5 571.4 868.3
Total mortgage loans receivable $5,442.2 $6,615.8 $4,223.4 $5,328.7
(1) FICO scores are updated on a quarterly basis; however, as of December 31, 2012 and 2011, there were some loans for which the updated
FICO scores were not available. The current FICO distribution as of December 31, 2012 included original FICO scores for
approximately $121 million and $20 million of one- to four-family and home equity loans, respectively. The current FICO distribution as
of December 31, 2011 included original FICO scores for approximately $153 million and $30 million of one- to four-family and home
equity loans, respectively.
One- to Four-Family Home Equity
December 31, December 31,
Acquisition Channel 2012 2011 2012 2011
Purchased from a third party $4,484.3 $5,420.8 $3,723.2 $4,669.6
Originated by the Company 957.9 1,195.0 500.2 659.1
Total mortgage loans receivable $5,442.2 $6,615.8 $4,223.4 $5,328.7
One- to Four-Family Home Equity
December 31, December 31,
Vintage Year 2012 2011 2012 2011
2003 and prior $ 190.4 $ 239.9 $ 218.2 $ 302.6
2004 514.3 620.5 359.7 472.9
2005 1,095.1 1,377.7 1,131.3 1,387.0
2006 2,123.4 2,528.5 1,962.9 2,480.0
2007 1,515.0 1,841.1 542.2 674.8
2008 4.0 8.1 9.1 11.4
Total mortgage loans receivable $5,442.2 $6,615.8 $4,223.4 $5,328.7
Average age of mortgage loans receivable (years) 6.7 5.7 6.9 5.9
One- to Four-Family Home Equity
December 31, December 31,
Geographic Location 2012 2011 2012 2011
California $2,568.7 $3,096.0 $1,333.3 $1,690.3
New York 386.4 488.2 313.1 387.0
Florida 368.3 458.2 298.9 377.8
Virginia 235.0 280.8 192.1 234.1
Other states 1,883.8 2,292.6 2,086.0 2,639.5
Total mortgage loans receivable $5,442.2 $6,615.8 $4,223.4 $5,328.7
Approximately 40% of the Company’s real estate loans were concentrated in California at both
December 31, 2012 and 2011. No other state had concentrations of real estate loans that represented 10% or more
of the Company’s real estate portfolio.
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