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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (13478)	2/2/1999 10:10:00 AM
From: Mr Metals	Respond to of 29382

WOW FNHC; CBS Marketwatch says Online Mortgages to boom-names FNHC 1s CBS Marketwatch is reporting that a Deutsche Bank analyst has released a report pointing out online mortgage providers as the next arena of internet boom, that online mortgages will follow closely in the wake of online brokerages - and names to tiny Finet FNHC as an early leader. "Online sites were generating over $800 million a month in mortgages by the end of 1998, ten times the amount of online mortgage originations at the beginning of the year, estimates Deutsche Bank analyst James Marks in a 60-page report on the industry released Monday. Using the rapid success of online stock trading as a guide, Marks sees the fledging online mortgage industry as an area with a very steep growth curve. Online mortgages could swell to about 25 percent of the overall market in five years, or $250 billion, he predicts." "California's Bay Area FINET mortgage bank runs Interloan and iQualify, and both are prominent in the business he said." "http://cbs.marketwatch.com/archive/19990201/news/current/mor... Finet FNHC internet products include Qualify iqualify.com , a consumer-centric Internet service anyone can input a mortgage loan application through Fannie Mae's automated underwriting system and, within minutes, receive an approval and an indication of additional requirements for closing. Users can then immediately connect with Finet's call center or contact other participating Fannie Mae lenders to obtain the loan.: Interloan interloan.com ,an online home financing services site: and the Property Transaction Network (PTN) Connector, a customized transaction management software for Realtors®. Finet's offers its automated financing solutions to consumers directly through its retail service centers and indirectly through E-commerce enabled mortgage brokers. finet.com FNHC partners include Infoseek , Imall and Homeseekers.com among others.http://biz.yahoo.com/prnews/981203/ca_finet_m_1.html And in an intriguing twist on the internet auction/Priceline commerce strategy FNHC has partnered with MortgageAuction.com mortgageauction.com FNHC trading low end- near 1, possible ground floor opportunity,worth watching