The stock market enthusiasm over many things Internet is not carrying over to the new breed of dot-com lenders.

E-Loan Inc. of Dublin, Calif., was trading at $16.375 Thursday afternoon, compared to its July 6 high of $74.75. The company, which in its June initial public offering raised $49 million, is approaching the end of its lock-up period, after which insider employees would be able to sell their shares on the open market.

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