E-LOAN, Inc.
                            June 30, 1999
                         Statement of Operations
                                (in thousands)
                                        Three Months Ended
                                       Jun 30,        Jun 30,
                                         1999           1998
 Total Revenues                    $     4,562    $     1,233
 OPERATING EXPENSES
 Operations                              4,835          1,157
 Sales & marketing                       7,574            890
 Technology                                749            392
 General & administration                2,473            319
 Amortization of unearned
  compensation                           5,785            211
           Total operating expenses     21,416          2,969
 Loss from operations                 (16,854)        (1,736)
 Other income, net                        (66)             29
 Net loss                             (16,920)        (1,707)
 Accretion on preferred stock            (525)
 Net loss applicable
  to common shareholders             ( 17,445)       ( 1,707)
 Pro forma net loss applicable to
  common shareholders per pro forma
  common share (1)                     ( 0.52)        ( 0.07)
 Pro forma weighted average number
  of shares outstanding                 33,584         23,314