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Technology Stocks : FNCM Finet.Com -- Ignore unavailable to you. Want to Upgrade?

To: Roofman who wrote (69)	2/10/1999 9:39:00 AM
From: Instock	Respond to of 2420

Related News: Media coverage of OnLine Mortgages. Wednesday February 10, 9:03 am Eastern Time Company Press Release SOURCE: MortgageAuction.com MortgageAuction.com Launches National Roll-Out of First Online Home Financing Auction ...MortgageAuction.com thinks "consumer" and guarantees the lowest rate ATLANTA, Feb. 10 /PRNewswire/ -- MortgageAuction.com, the nation's first Internet site that matches prospective borrowers with mortgage lenders in a real-time competitive auction format, announces today the beginning of its nationwide roll-out. After a series of highly successful regional pilots, MortgageAuction.com is initiating an aggressive national campaign that includes prominent exposure on Internet search portals and real estate sites, as well as radio and print advertising. The widespread interest in MortgageAuction.com is a reflection of the growing interest in online mortgages. Forrester Research predicts the online mortgage market to reach $91 billion by 2003. ''The response has been outstanding,'' says MortgageAuction.com Vice President of Marketing, Teresa Caro. ''Borrowers like the simple approach with the lowest guaranteed rate and lenders enjoy lower marketing costs because they are able to select and preview loan requests that meet their specific needs.'' (Participating lenders may use the ''Auction Review'' as often as desired, but are only charged a fee for winning bids.) Consumers nationwide are now able to locate the lender offering the most competitive home loan package -- at no cost and no obligation -- through one easy, secure, online auction form. Rather than ''rate shopping,'' borrowers using MortgageAuction.com have their anonymous credit profiles posted to the daily auction, and participating lenders make bids (in the form of interest rate and fee quotes) for individual loan files. The auction closes the following business day at 1:00 PM, at which time the prospective borrower and lender each receive e-mail notifications so that they may begin the formal application process. The loan requests on MortgageAuction.com represent a melting-pot of borrowers' needs, including: loan amounts as low as $40,000 and as high as $1.2 million; loans for the purchase of a new home, rate and term refinance, cash out, and home equity; and credit profiles ranging from A+ to credit impaired. The diversity of loan requests and borrower profiles has attracted an equally diverse group of participating lenders, including national lending institutions, mortgage banks, local mortgage companies, and e-commerce lenders. ''We are providing a unique e-commerce solution to loan origination,'' says Kathy Nunnally Anemogiannis, president of Real Estate Industries, Inc. ''MortgageAuction.com is just one part of our overall strategy to leverage web- based solutions in the real estate industries.'' Headquartered in Atlanta, Ga., MortgageAuction.com is a wholly owned subsidiary of Real Estate Industries, Inc. Real Estate Industries, is a family of e-commerce companies dedicated to empowering consumers and industry professionals in all aspects of the real estate transaction. Through its subsidiary companies, MortgageAuction.com, RESICOM Analytics and EquiTran Real Estate Services, Real Estate Industries offers an integrated suite of web- based applications, fulfilling the diverse needs of consumers and professionals. SOURCE: MortgageAuction.com

To: Roofman who wrote (69)	2/10/1999 2:51:00 PM
From: Instock	Read Replies (2) \| Respond to of 2420

Re Post of yet another GOOD post I found elseware: Phone Interview with company: *************************************************** Jimmy Tubbs from the company just called me back. It speaks volumes to me that the company would not only return my call, but did it very quickly. Heres what was discussed. Company is moving along nicely. They have many things in the works that are much bigger and better than the web site. (Those were his words) Financials won't be to impressive from 4th quarter and 1st quarter because they really weren't going big during these periods. 2nd Quarter should be very impressive. (I didn't ask him what their reporting quarters were so I am unsure of when their 2nd quarter begins, does anybody know when this is?) They are currently working with over 50 companies to bring on board with the voice over IP. He couldn't give any names or specifics about them. Here's the really BIG piece of news. THE COMPANY HAS NO DEBT! This is great. When the money comes rolling in it will have an immediate impact for us as profits. He said we should be very happy with our investment in future. I asked him if we would see some good things and price improvement in short or long term. I told him I considered this year as short term. He said we would definately be happy this year. Thats it. I know its heresay. I shared it to the best of my knowledge of the conversation. I don't want to mislead anybody. If you have questions, call the company. They are very friendly and are more than happy to talk to shareholders when they have the time. Their number is 1-888-835-8726. This company is the real deal. Fasten your seat belts folks. All we need is more people to begin hearing about it and as the news hits the wires, LOOK OUT! I can't believe more people aren't jumping on board. Especially at these prices. Good luck everyone. Bob