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Strategies & Market Trends : NDE (INDYMAC MORTGAGE) Watch it go down !!!! -- Ignore unavailable to you. Want to Upgrade?

To: Hyrulean King who wrote (22)	7/22/1999 2:32:00 AM
From: Typhoon	Read Replies (1) \| Respond to of 28

Try investor relations.

To: Hyrulean King who wrote (22)	7/29/1999 2:23:00 AM
From: Philip H. Lee	Respond to of 28

Conference call notes: NDE has huge advantages from (1) its streamlined, much faster e-Mits loan origination technology and (2) its immediate risk-based pricing. NDE at "tip of the iceberg" with e-Mits and business generated through mortgage brokers. e-Mits allows mortgage brokers handle 2x-3x more accounts by reducing paperwork and streamlining operational issues. Major focus on brand-building for loanworks.com and loantown.com in California. Advertising spending to be $20-$30 million. NDE to de-REIT 12/31/99 with $100 million in stock repurchases to begin sometime in August. More stock repurchases expected over the next 3 years. NDE no longer a REIT that continually needs to issue stock, but a corp that will continually buy back stock due to "a ton" of liquidity ($300 million in cash / strong balance sheet). Strong Q2 positive cash flow that exceeded GAAP earnings. "Comprensive income" of $0.59/shr ($0.36 was reported), which excludes charges to exit the manufactured housing mkt, flucuations in available-for-sale securities, and loanworks/consumer-direct channel loss of ($0.03)/shr. NDE's inventory turns are 1.5x per year, instead of 0.2x per year for some traditional mortgage lenders a few years ago. ------ Conference call: Wednesday, July 21, 1999, at 11 a.m. Eastern Time If you would like to participate on the call: The replay number is 888/203-1112, reference number 730719 Philip Disclaimer: Invest at your own risk. Information provided for discussion purposes only and not to be considered investment advice. Although I've tried to gather accurate information, the information in this article and any analysis contained therein is NOT guaranteed to be accurate. Do your own research.