E*Trade Financial Corp.

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E*Trade Unloads $3 Billion of MBS and Related Bonds

Jan 09, 2008By

Ahead of its January 24 earnings report, E*Trade Financial Corp. said today that it had successfully sold $3 billion of mortgage-backed securities and municipal bonds classified as held-for-sale. The sale came at a cost, however, with the company saying the assets were sold through a series of transactions at a realized loss of less than $5 million.