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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)

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To: Softechie who wrote (61)	8/24/1999 6:33:00 PM
From: $Mogul	Read Replies (1) of 516

Internet Investor with Seth Werner, Chairman & CEO of MDCM From: C R Nasmythe Date: 8/24/99 Time: 5:15:32 PM Remote Name: 63.22.104.128 Comments How will today's FED decision affect online mortgage companies? Werner very happy with position; stock around where it opened on its Aug 12 IPO Seth says biz not affected by higher mortgage rates; MDCM focused on realtor and homebuilder biz mortgage originaiton internet strategies for person purchasing a home vs refinancing home 80% revenues come from purchase side through internet; pleased with how biz is going Werner reiterates focus on purchase side of business; minor rise in interest rates not going to scare off people looking to buy a new home. Rarely affected by rising interest rates Don't service loans; prepaying or refinancing mortgages doesn't affect biz because they putting internet solutions into homebuilders and realtors Also MDCM enables other mortgage banks to have an internet solution; more tech and internet solution oriented Most interest rate rises taken into account aready; sees no rise in long term rate as a result of today MDCM closed up 3/16 to 8 3/16

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