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FiNet CFO Quits
Shares of Monument Mortgage parent down 28% in morning trading

May 14, 2001

By Sam Garcia

In a press release this morning, FiNet.com, Inc. (NASDAQ: FNCM news) announced the resignation of its Chief Financial Officer, Patrick J. Mackin. No specific reason was given except that he "tendered his resignation in order to pursue other interests." The company said that it has already commenced a search for a successor.

The San Ramon, California company is the parent of Monument Mortgage. It has been struggling to stay listed as a NASDAQ stock, most recently through a one-for-twelve reverse stock split.

In early morning trading, FiNet shares were trading down 28.21% (-$0.44) at $1.12. The stock had traded as high as $2.44 on March 13, 2000.


Sam Garcia has been in mortgage lending since 1980, and is managing editor of MortgageDaily.com. He also owns and operates CloseNow.com, a real estate portal site.

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