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

To: Sergio H who wrote (13848)	2/8/1999 10:48:00 PM
From: Instock	Respond to of 29382

< FNHC > See CBS Marketsplace story below, but first: * FNHC, an e-commerce firm, facilitates home ownership through a variety of technology-based products and automated services for consumers and real estate service providers. * quote.yahoo.com * Tenth highest volume on the Nasdaq today E-Mortgages: The next online boom? Deutsche Bank sees steep growth; E-Loan leads early By Emily Church, CBS MarketWatch Last Update: 2:49 PM ET Feb 1, 1999 Internet Daily NEW YORK (CBS.MW) -- After a slow start, the online mortgage business is picking up, and with most established players still largely ignoring the market, a big door has opened for online players, one analyst says. 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. Others in the industry, while optimistic, are forecasting slower growth. Noting that refinancing is largely driving online mortgage growth, Forrester analyst James Punishill predicts online mortgage origination to reach $91 billion or some 10 percent of the market in 2003 as refinance activity slows down. "We haven't seen much attention paid to online mortgages; the mortgage process is more complicated (than stock purchases), but as home purchasing moves online, online mortgages will not be such a leap of faith," Punishill said. Forrester's own report on online mortgages is due out this week. Painful adjustment Mortgages are a $1.5 trillion industry. The leading company, Norwest Mortgage, has an about 8 percent market share and no direct Web presence. Not many in the industry do. "The boom we expect in online mortgage originations is going to affect leading publicly traded banks, thrifts and mortgage banks that originate, service or invest in residential mortgage loans," Marks said. "For those that don't adjust well, the coming online mortgages will not be pleasant," Marks added $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Right now this is a daytrade for me, but the more I think about it, the more I like the stock. This thing MIGHT shoot though the roof, or it might do as many stocks when they run up in price, crash back down. If it does crash back down, I might By some shares for my Buy and Hold account. Scott

To: Sergio H who wrote (13848)	2/9/1999 12:17:00 AM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 29382

Wah! Soon enough on SATH, my lamb.