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Technology Stocks : E Loan Inc -EELN

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To: Ottoman who wrote (317)7/9/1999 9:57:00 PM
From: Victor Lazlo   of 817
 
<< From Business Week (On-Line) EELN vs. FNCM
Q: What are your thoughts on E-Loan or FiNet.com?
A: E-Loan is a venture-backed company that has a great pedigree and a great brand. It will likely do very well in the online mortgage space. One of the drawbacks is that their business is very dependent on mortgage refinancing, so they are subject to greater cyclicality than other mortgage originators. >>

Refinancing volume is down substantially the last couple of mos. The 30-yr bond rate, the bellweather for home mrgtg rates, is on the rise.

Sorry to inject any fundamentals / facts re ELoan into the discussion here !!

Victor
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