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E*Trade Financial Corp. ( ETFC ) today completed a previously announced at-the-market common stock offering worth $150 million. The company sold approximately 80.2 million shares at an average price of $1.87 per share. The offering resulted in proceeds of $147 million, net of commissions and offering expenses. In an at-the-market offering, a company sells shares at market prices over an extended course of time instead of selling all shares straight away at a fixed price. Sandler O’Neill &

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Random Feed wrote an interesting post today on
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Shares of E-Trade Financial Group jumped Wednesday after the online brokerage released data showing its rate of loans behind payments, particularly home equity, declined in February.

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RMBS Losses May be Lower Under Cramdown than Foreclosure – CreditSights takes a look at the impact of proposed changes in how mortgages are treated in bankruptcy might affect residential mortgage backed securities. … If the law is enacted, these delinquent borrowers could conceivably shift from being default concerns to being cram-down concerns for RMBS investors. – Research Recap ———— Household Wealth Falls by Trillions – By VIKAS BAJAJ – In the last few months,

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E*Trade Restarts Mortgage LendingTheStreet.comE*Trade will not be providing riskier types of loans such as home equity lines of credit or construction loans, the employee said. PHH Corp. (PHH Quote – Cramer on PHH – Stock Picks) of Mount Laurel, NJ will take care of most aspects of the loan, …

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Random Feed wrote an interesting post today on
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E*Trade Financial on Friday began offering mortgages again, offering new loans through a third-party mortgage outsourcer.

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