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To: AllansAlias who wrote (7341)7/17/2001 1:15:27 PM
From: martin001  Respond to of 209892
 
WTF - futures rocketing



To: AllansAlias who wrote (7341)7/17/2001 1:16:12 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Call me a wave-sucker, but I'm trying long again at NQU 1701.50. Now, this really is the aboslutely, final last chance for these equity bulls. -gg



To: AllansAlias who wrote (7341)7/17/2001 1:50:54 PM
From: JRI  Read Replies (2) | Respond to of 209892
 
*OT* Important question for thread about mortgage re-finance

Got an offer to re-finance my current 5/1 loan, (convert to 5 year fixed), and I'd save $150 a month (after all CC, etc.)

Problem is: The company offering is called E-loan. (At first, I thought they were a division of E-trade, and I figured, they won't go out of biz this year...most likely!). However, E-loan is some super rinky-dink net company, not even affiliated with semi-rinky-dink E-trade...totally independent.....EELN stock went from 60 to 1 (!) in the past year. Looking at their balance sheet, it looks like they can stay in biz thru end of year...but they are small-time, for sure.

At first, I was going to write this off. But then I spoke w/a friend who worked in banking for years. He thought it wouldn't be such a bad idea, since most of these loans are immediately re-sold, someone else would be holding the paper anyway...even if these guys went out of biz. Also, no other mortgage company can come close to their (E-loan's) rate.

Any thoughts, anyone? What are the risks if this company goes belly up by end of year? TIA.