Industry News

E-Loan reports $1 million loss

Refinance revenue sinks; home equity volume increases
Published on Apr 29, 2004

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by CareyBot

Consumer direct lender E-Loan today reported a net loss of $1.1 million, or 2 cents a share in the first quarter, due to the shrinking refinance loan volume. The company’s first-quarter revenue was $32 million, down from $36 million a ...