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Feedback
Monday October 1, 3:10 am Eastern Time
Press Release
SOURCE: e-Net Financial.com Corp.
e-Net Financial.com Corp. Subsidiary Continues
Record Production
FannieMae Application
COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 1, 2001--Vincent Rinehart, president &
CEO of e-Net Financial.com Corp. (OTCBB:ENNT - news; Frankfurt Exchange:925558.f)
today announced the continued growth and expansion of their largest subsidiary, American
Residential Funding Inc. (AMRES).
Jeff Hemm, president of AMRES, reported: ``The loan volume for the month of August
reached a new record amount of $67,700,000. This is substantially higher than the Aug. 2000
month of $16,130,000, an increase of 319%.``
``This is primarily due to an increase in `Net Branches`, of which total branches under AMRES
is now at 200; also a record. Our goal remains to have 300 Net Branches in the next 120 days.
The home real estate market remains strong, with refinancing adding additional business. For
the first eight months of 2001, AMRES has arranged over 2,300 loans. The month of August
resulted in over 400 loans funded, also a record number of loans,`` said Hemm.
Additionally, Rinehart announced: ``AMRES has recently met with officers of FannieMae, and
have agreed to rapidly process the application to become a Seller/Servicer with FannieMae.
This would establish electronic loan approvals (Desktop Underwriting, `DU`) at corporate
offices, and electronic origination software (Desktop Originator, `DO`) in each of the branches
of AMRES.``
Rinehart went on to say: ``We are looking forward to providing our borrowers the finest
service and rates available anywhere. With the use of FannieMae`s loan software, as well as
expanding our Mortgage Banking division, AMRES will be producing additional revenue from
each originated loan funded by AMRES. It is expected to begin operations with FannieMae
during the next fiscal quarter.``
This news release contains certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 regarding future results of operations and
market opportunities that are based on e-Net Financial.com`s current expectations,
assumptions, estimates and projections about the company and its industry. Investors are
cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks
and competition and other factors. These factors, along with other potential risks and uncertainties are discussed in e-Net
Financial.com`s reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission,
especially the 10-KSB filed Aug. 16, 2001, and recent Quarterly reports. e-Net assumes no obligation to update the
forward-looking information contained in this news release and encourages all potential investors to do their own due diligence and
suitability analysis before any investment is made.
Press Release
SOURCE: e-Net Financial.com Corp.
e-Net Financial.com Corp. Subsidiary Continues
Record Production
FannieMae Application
COSTA MESA, Calif.--(BUSINESS WIRE)--Oct. 1, 2001--Vincent Rinehart, president &
CEO of e-Net Financial.com Corp. (OTCBB:ENNT - news; Frankfurt Exchange:925558.f)
today announced the continued growth and expansion of their largest subsidiary, American
Residential Funding Inc. (AMRES).
Jeff Hemm, president of AMRES, reported: ``The loan volume for the month of August
reached a new record amount of $67,700,000. This is substantially higher than the Aug. 2000
month of $16,130,000, an increase of 319%.``
``This is primarily due to an increase in `Net Branches`, of which total branches under AMRES
is now at 200; also a record. Our goal remains to have 300 Net Branches in the next 120 days.
The home real estate market remains strong, with refinancing adding additional business. For
the first eight months of 2001, AMRES has arranged over 2,300 loans. The month of August
resulted in over 400 loans funded, also a record number of loans,`` said Hemm.
Additionally, Rinehart announced: ``AMRES has recently met with officers of FannieMae, and
have agreed to rapidly process the application to become a Seller/Servicer with FannieMae.
This would establish electronic loan approvals (Desktop Underwriting, `DU`) at corporate
offices, and electronic origination software (Desktop Originator, `DO`) in each of the branches
of AMRES.``
Rinehart went on to say: ``We are looking forward to providing our borrowers the finest
service and rates available anywhere. With the use of FannieMae`s loan software, as well as
expanding our Mortgage Banking division, AMRES will be producing additional revenue from
each originated loan funded by AMRES. It is expected to begin operations with FannieMae
during the next fiscal quarter.``
This news release contains certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 regarding future results of operations and
market opportunities that are based on e-Net Financial.com`s current expectations,
assumptions, estimates and projections about the company and its industry. Investors are
cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks
and competition and other factors. These factors, along with other potential risks and uncertainties are discussed in e-Net
Financial.com`s reports, as well as their subsidiaries, and other documents filed with the Securities and Exchange Commission,
especially the 10-KSB filed Aug. 16, 2001, and recent Quarterly reports. e-Net assumes no obligation to update the
forward-looking information contained in this news release and encourages all potential investors to do their own due diligence and
suitability analysis before any investment is made.
is das gut oder schlecht ?
Weiß nich, ob ein Umsatzanstieg
um 319% so positiv ist!
um 319% so positiv ist!
Der Kurs wird Bände sprechen ................. 
Kurs zieht an!!!!!
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