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


To: mfgrep who wrote (1032)4/23/1999 2:05:00 PM
From: $Mogul  Read Replies (2) | Respond to of 2420
 
Well FNHC is an Internet mortgage Company with alot of Web reach with it's Interloan and iQualify Sites. It has a CEO who has run (was CEO) the LARGEST Mortgage Company in the US at one point, NORWEST. They have a very good management strategy, not to mention great alliances with Countrywide, Fannie Mae, Freddy Mac, National Real Estate Association, and others. They can UNLIKE others can FUND, Process loans in all 50 states, and also fund loans from other brokers.

their main competition is e*Loan which IPO's the week of 5/31 per IPO Central. FNHC has more revenues than E*Loan and has been recently upgraded by three houses, Myerson, Warburg Dillion Reed, and CBC Oppenheimer as a strong buy, and I am sure more to follow shortly when the Promotion/media Blitz of E*Loan in the next week or so.
FNHC is changing it's name per shareholder approval to Finet.Com, and we are all expecting a Majior Broker and/or Portal deal soon. I am Long FNHC and am looking at a min. of $20-$100 by the end of the year. This is my own personal opinion, but the large volume the last month shows something is up!!

Good Luck!!

$Mogul