In Brief: E-Trade Buys Stake in Web Home Lender

E-Trade Group Inc. said it had purchased a minority stake in LoanCity.com, an on-line mortgage bank. The Investment was announced Monday, the same day that LoanCity was launched on the Web. E-Trade said it was the lead investor in LoanCity's second round of funding, which raised $10 million, but it did not disclose the size of its investment.

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