Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (1027)	10/28/1998 6:17:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 2414

Regarding risky loans, it's my feeling that NTBK does not continue to own most of the loans it makes. In the leasing case, I think Republic will be the creditor and NTBK the marketer of Republic's lease product. This is the way it worked with my NTBK mortgage. They made the loan to m e, but the first payment was made to Norwest, who had purchased the loan immediately after its inception. This gives NTBK fee income without much credit risk. What are the assets listed on the balance sheet? Are they loans to consumers or are they big institutional credits they bought in the marketplace? peter