Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (1248)	4/8/1999 2:51:00 PM
From: TA Trader	Read Replies (2) of 108040

Here's some more info. on FNHC. There might be something to this. FNHC is the only publicly traded internet mortgage lender. It's competitor, E-LOAN just filed last week to go public thru Goldman, H & Q and DLJ. Not a bad group! Finet has greater revenues than E-LOAN and also just hired the ex. CEO of NORWEST Bank, the world's largest mortgage lender. Their president says "We have spent two years building a machine, we are now ready to feed the machine by striking deals over the next 30 to 60 days with a number of online players who want to enter the online lending business." He said the company remains in talks with other online companies, including a major portal. Two questions: Where do you think FNHC will be when E-LOAN goes public and where do you think E-LOAN will trade on the first day? I think you know what I'm saying. For everyone, do your own research and good luck. WHAT A COUNTRY!

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