|
|
Article: E*TRADE Surpasses $10 Billion in Mortgage Loan Originations Through Direct And Correspondent Channels; $5.1 Billion Through Correspondent Channels Complements E*TRADE Mortgage Originations, Helps Drive Revenue Diversification Through Secondary Market Sales.
- Article from:
- PR Newswire
- Article date:
- December 17, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ARLINGTON, Va. -- E*TRADE Group, Inc. , today announced that its correspondent and direct mortgage channels have originated $10 billion in mortgage loans this year. Specifically, E*TRADE Mortgage Services, Inc., E*TRADE Global Asset Management's* division dedicated to correspondent channels of mortgage origination, has secured more than $5.1 billion in flow and bulk mortgage assets in 2001, almost doubling last years $2.8 billion in volume. This is in addition to the $5 billion in mortgage loans E*TRADE Mortgage, a subsidiary of E*TRADE Bank, has originated since its acquisition earlier this year.
These mortgage originations advance E*TRADE's strategy to ...