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To: William Bach who wrote (62338)	3/17/1999 9:11:00 AM
From: SalmonMan	Respond to of 119973

FNHC coverage initiated: Wednesday March 17, 8:43 am Eastern Time Warburg Dillon Read Initiates Research Coverage On Finet Holdings With a 'Buy' Rating WALNUT CREEK, Calif., March 17 /PRNewswire/ -- Finet Holdings Corporation (Nasdaq: FNHC - news) announced that the investment banking firm of Warburg Dillon Read LLC initiated research coverage on Friday, March 12 on its common stock. Financial Services Analyst Thomas R. Hain rated Finet Holdings' stock as a ''buy'' with a price target of $5 - $5.50 over the next 12 months. In a First Call Note, Mr. Hain wrote, ''We are initiating coverage of Finet Holdings with a buy recommendation and a twelve month price target of $5. Finet is a little known mortgage broker and banker that is competing in the explosive on-line mortgage origination channel. Today, through its suite of services, products and web sites, Finet offers virtually every service offered by high profile competitors and, in our opinion, much more. Looking to the future of Internet mortgage banking, we also think Finet has a well thought-out winning strategy.'' Finet President Dan Rawitch stated, ''For the past two years Finet has been in front of numerous analysts telling our story. It is very exciting that a firm with the prestige of Warburg Dillon Read was able to see the benefits of what Finet has built, as well as the huge potential for future success.'' About Finet Finet Holdings Corporation, including its wholly owned subsidiaries (the ''Company''), operator of FiNet.com, ''America's Home Finance Network'' is a leading edge provider of e-commerce home financing services that facilitates home ownership through a variety of technology-based products and automated services for consumers and real estate service providers. The Company offers automated financing solutions to electronically enabled mortgage brokers through Monument Mortgage and consumers directly through its Internet sites: www.interloan.com, an on-line home financing site; and www.iqualify.com, a Smithsonian Award-winning electronic mortgage approval service. Internet distribution channels include Internet financial sites, Internet home listing sites, financial lead aggregators and local and national Internet portals.