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E*TRADE Mortgage Funds More Than $4 Billion in Mortgages.

PR Newswire

| November 12, 2001 | COPYRIGHT 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)Copyright

E*TRADE Reaches Latest Milestone in Securing Core Financial Relationship

With Consumers;

Maintains Its Leadership Position as One of the Largest Virtual Retail

Mortgage Lenders

ARLINGTON, Va., Nov. 12 /PRNewswire/ --

E*TRADE Bank, a wholly-owned subsidiary of E*TRADE Group, Inc. (NYSE: ET), and the nation's largest pure- play branchless bank, today announced its latest milestone: funding more than $4 billion in mortgage originations through E*TRADE Mortgage, one of the nation's largest online mortgage originators.

E*TRADE Mortgage continues to advance E*TRADE's revenue diversification strategy and enhance the company's fee-based annuity income stream. The financial integration of the E*TRADE Mortgage platform with the company's best-of-breed products and services provides a strong cross-selling opportunity to E*TRADE's customer base, further deepening the core financial relationship with E*TRADE's customer households.

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Source: HighBeam Research, E*TRADE Mortgage Funds More Than $4 Billion in Mortgages.

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