E Loan Inc -EELN Message Board

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Technology Stocks : E Loan Inc -EELN

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To: Bipin Prasad who wrote (542)	8/6/1999 11:51:00 AM
From: PAL	Read Replies (1) of 817

Companies like EELN is interest rate sensitive. When mortgage rate declines people start refinancing, buy homes, take second mortgage etc. The climate is currently towards interest rates firming up, hence the demand for for loans starts to diminish. EELN makes money from fees, points on the loans it generates. That is the reason why the stock is under pressure. Although EELN is branching to other activities like real estate ventures, the main stream of revenues is still consumer mortgage. Judge for yourself what you are going to do in this environment. Good Luck investing to all Paul

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