Anyone see that E*Trade is apparently back in the active mortgage lending business? I think this is HUGE news, but it's thus far not been mentioned by the Company nor has it been picked up my any media outlets.
Or, just go to the main E*Trade site, click "Banking" from the top, then find the Mortgages section and click on the "30-Year Fixed Rate" link. There, you can read all of the details on the Mortgage loan program.
The best news of all about this is that we're lending without even having secured any TARP funds. So, this tells me that either the TARP funds are imminent or E*Trade is comfortable enough with its capital requirements to begin lending anew (albeit with much more stringent loan requirements, etc)
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