Wednesday, January 9, 2008
E*Trade sold $3 bil MBS and Muni
Subsequent to the November 29 sale of its $3.0 billionasset-backed securities portfolio, the Company successfully completedthe orderly sale of additional available-for-sale securities totalingapproximately $3.0 billion, including a combination of mortgage-backedsecurities and municipal bonds. These assets were sold through aseries of transactions at a realized loss of less than $5 million. Aportion of the transactions settled prior to December 31, 2007, andthe remainder will settle in January/February 2008. In addition, theCompany's home equity loan portfolio continued to run off asanticipated, ending the year with under $12 billion in balances.