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E*TRADE Trading Baby 2008

Submitted by FTBRon on Wed, 07/16/2008 - 02:29.
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E-Trade to exit retail mortgage origination business

E-Trade Financial (ETFC) said it decided to exit the retail mortgage origination business, its last remaining loan origination channel, according to a Securities and Exchange Commission filing late Friday. The company said it will partner with a third party company to provide customers access to real estate loans after it exits the business.

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Stock Symbol: ETFC E*TRADE FINL CORP Stock Price: $3.20 Todays Change: +0.09 (+2.89%)