“E*Trade actually received 11 cents on the dollar for its portfolio, if you factor in that the brokerage received $800 million in cash minus 85 million shares it issued”
73 percent of the assets were backed by prime mortgages, or loans to people with solid credit.
It is worth emphasizing that a large portion of the assets were backed by prime – not subprime – mortgages. And many of the prime loans were first liens with decent average FICO scores (average 725) and LTV (71%).
73 percent of the assets were backed by prime mortgages, or loans to people with solid credit.
It is worth emphasizing that a large portion of the assets were backed by prime – not subprime – mortgages. And many of the prime loans were first liens with decent average FICO scores (average 725) and LTV (71%).
73 percent of the assets were backed by prime mortgages, or loans to people with solid credit.
It is worth emphasizing that a large portion of the assets were backed by prime – not subprime – mortgages. And many of the prime loans were first liens with decent average FICO scores (average 725) and LTV (71%).
73 percent of the assets were backed by prime mortgages, or loans to people with solid credit.
It is worth emphasizing that a large portion of the assets were backed by prime – not subprime – mortgages. And many of the prime loans were first liens with decent average FICO scores (average 725) and LTV (71%).
