FindProfit.com Provides Outlook on Mortgage Lending Sector

A look at IndyMac Bankcorp, Countrywide Financial Corp., Wells Fargo & Co. and E-LOAN


PRINCETON, N.J., June 10, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the mortgage sector, including coverage of IndyMac Bankcorp (NYSE:NDE) and Countrywide Financial Corp. (NYSE:CFC).

FindProfit's investment outlook examines current trends in the mortgage sector, including coverage of Wells Fargo & Co. (NYSE:WFC) and E-LOAN (Nasdaq:EELN).

All paid and trial FindProfit subscribers can now receive immediate access to FindProfit's exclusive reports and ongoing commentary and analysis. As a trial or paid subscriber, you'll also gain access to our latest investment moves. Start your 30-day free trial today: http://www.findprofit.com/subscribe.php3?refer=zone148

FindProfit's outlook looks at the following questions:

-- How do rising interest rates impact sales of homes to first-time buyers?

-- Is NDE's secondary offering a sign that mortgage lenders are attempting to cash in ahead of the tough times ahead?

-- What impact would a 100 basis point increase in interest rates have on earnings for deposit institutions like NDE?

-- What impact will the rush for market share have on margins and customer acquisition costs?

-- Has EELN diversified its business enough away from refinancing activity and towards originating loans?

-- Has the mortgage refinance boom already ended?

-- Will margin pressures begin to squeeze less competitive lenders?

AND MORE

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Subscribers also receive access to FindProfit's Special Bonus Report, "Five MUST-OWN Bargain Stocks for 2004!" Subscribers are always protected by FindProfit's 100% customer satisfaction guarantee.

FindProfit finds you winners. The service posted a +73% audited-return in 2002, and audited model portfolio gains of 67%, 58%, and 34% in 2003.

About FindProfit.com:

FindProfit.com is a leading publisher and provider of lively, fun, and profitable investment commentary for individual investors who love the stock market. As a 100% independent investment service, FindProfit's only bias is towards making its subscribers money. FindProfit's real-time "as it happens" investment service gives individual investors the edge they need to consistently beat the market. For more information or to sign up now for a free 30-day trial to FindProfit, please visit: http://www.findprofit.com/subscribe.php3?refer=zone148

NOTE: FindProfit, LLC is not a registered broker dealer, registered investment adviser or registered research analyst.



            

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