eTrade 2002 Annual Report Download - page 124
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weighted average remaining maturity of mortgage loans secured by one- to four-family residences is 310months as of December 31, 2002.
Additionally, all mortgage loans outstanding at December 31, 2002 and 2001 were serviced by other companies. As of December 31, 2002 and
2001, the Company had commitments to purchase $412.0 million and $862.5 million of fixed rate and $189.1 million and $312.8 million of
adjustable rate mortgage and consumer loans. As of December 31, 2002, the Company had commitments to originate $1,291.4million of fixed
rate and $50.5 million of adjustable rate mortgages and consumer loans. As of December 31, 2001, the Company had commitments to originate
$380.2 million of fixed rate and $22.3 million of variable rate loans.
90
2003. EDGAR Online, Inc.