Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

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Jan 16 9:30 AM EST

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To: Stock Watcher who wrote (6101)	4/10/1999 11:30:00 PM
From: LABMAN	Read Replies (1) of 52051

RCCK...posting from YAHOO thread Finance Home - Yahoo! Top>Business and Finance>Stocks>Financial>Consumer Financial Services>RCCK (Rock Financial Corp.) Help - Add to My Yahoo! - Sign Out IF YOU READ ONLY ONE POST... by: rhonest 317 of 318 MORTGAGES ARE THE KILLER APP ON THE WEB. THERE IS NO PRODUCT THAT WILL EVER BE SOLD ON THE WEB THAT CAN MAKE THOUSANDS OF DOLLARS IN PROFITS FOR THE SELLER(RCCK)LIKE A MORTGAGE CAN FOR A MORTGAGE BANKER(NOT TO BE CONFUSED WITH A MORTGAGE BROKER LIKE INTUIT WHO ONLY MAKES 25 BASIS POINTS PER LOAN VS. 200-300 BASIS POINTS FOR RCCK ON A CONVENTIONAL MORTGAGE). A MORTGAGE IS ALSO EASIER TO GET ON THE WEB THAN IT IS IN PERSON BECAUSE YOU CAN FILL OUT THE APPLICATION OVER A FEW DAYS FROM THE COMFORT OF YOUR HOME OR OFFICE ON YOUR PC RATHER THAN GOING TO A STRANGE OFFICE WITH A BOATLOAD OF VALUABLE PAPERWORK CONTAINING YOUR LIFE HISTORY. RCCK ANNOUNCED THAT THEY CLOSED $22 MILLION IN INTERNET MORTGAGES IN MARCH ALONE WHICH PROBABLY MEANS THAT THEIR APPLICATIONS ARE OVER $1 MILLION PER DAY WITHOUT ANY PORTAL DEALS(YET) AND WITH LIMITED LOCAL ADVERTISING! THINK ABOUT THE POTENTIAL! MICHIGAN NATIONAL WITH 450K DEPOSITERS AND 192 BRANCHES STARTED THEIR EXCLUSIVE JOINT VENTURE WITH RCCK ON MONDAY APRIL 5TH. I BELIEVE THIS JOINT VENTURE WILL CONTRIBUTE IN EXCESS OF $1 BILLION IN MORTGAGES IN THE FIRST YEAR. I ALSO BELIEVE YOU WILL SEE OTHER FINANCIAL INSTITUTIONS THROW UP THE WHITE FLAG ON THEIR WEAK MORTGAGE OPERATIONS AND CONTRACT WITH RCCK TO BE THEIR EXCLUSIVE MORTGAGE REPRESENTATIVE. IT JUST MAKES SENSE TO GO WITH A SPECIALIST. RCCK WILL START A NATIONAL ADVERTISING CAMPAIGN IN JUNE WHICH IS ONLY ABOUT 7 WEEKS AWAY. THE LAST MORTGAGE LENDER TO ADVERTISE NATIONALLY WAS DITECH FUNDING WHICH GOT BOUGHT MARCH 22 BY GENERAL MOTORS ACCEPTANCE CORP.-GMAC. BY THE WAY, SOMEONE WILL UNDOUBTEDLY BUY RCCK IN THE NEXT YEAR FOR A HUGE PREMIUM TO WHERE IT IS NOW. MY GUESS $75-$100 PER SHARE IN A YEAR. THE POTENTIAL HERE IS HUGE AND THE INTERNET INVESTORS STILL HAVEN'T FIGURED IT OUT YET, ALTHOUGH A FEW ARE BEGINNING TO CATCH ON. READ THIS CAREFULLY-"MORTGAGES ARE THE KILLER AP ON THE WEB". TO DEMONSTRATE THAT THE INTERNET PLAYERS HAVEN'T FOUND RCCK YET NOTE THAT RCCK HAS TO GO TO $43 TO HAVE THE SAME MARKET CAPITALIZATION AS FNHC which was up 58% yesterday! FNHC has 77m shares outstanding RCCK has 14m shares. Last year RCCK had $90m in revenues and made nearly $19m vs. FNHC with $25m in rev's last year and losing $9m! What's wrong with this picture!!!!! When investors begin to understand what RCCK's internet future is and when they figure out that mortgages are the killer app on the web RCCK will become one of the premier internet companies. All the while making big profits unlike most internet companies. GOOD LUCK! Posted: 04/09/99, 11:06PM EDT as a reply to: Msg 314 by WreckerAcer View Replies to this Message Related Links Quote Profile Research Go to: Start \| Most Recent \| Msg #: All Boards & Topics Authors Terms and Conditions Yahoo! is a trademark of Yahoo! Inc. Copyright © 1994-99 Yahoo! All Rights Reserved. lm

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