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Technology Stocks : FNCM Finet.Com
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To: Christopher Ting who wrote (1)2/3/1999 6:57:00 AM
From: Mr. Big   of 2420
 
On-line mortgage sites generated more than $800 million a month in mortgage originations by year-end 1998--10 times the amount at the beginning of the year, according to a report by Deutsche Bank analyst James Marks. He predicts on-line mortgages will surge to about 25%, or $250 billion, of the overall mortgage market within five years. However, James Punishill of Forrester Research disagrees with this projection. He says refinancings are largely driving on-line mortgage growth. Punishill expects on-line mortgage origination to hit 10% of the market, or $91 billion, by 2003, as refinancings slow (CBS MarketWatch Feb. 1) ...
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