<PAGE> 1
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name of Reporting Person: James W. Noack
Address of Reporting Person: 3021 Citrus Circle, Ste 150
Walnut Creek, CA 94598
2. Issuer Name and Trading Symbol: Finet Holdings Corporation: FNHC
3. Social Security # (Voluntary):
4. Statement for Month/Year: 11/97
5. If Amendment, Date of Original:
6. Relationship of Reporting Person: Director
Officer
Title: CIO
10% Owner
7. Reporting By: One Reporting Person
<TABLE>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------
<CAPTION>
1 2 3 4 5 6
7
- -------- -------- ------ ----------------------- ------------ ------- ----
- ----------
Title Trans- Trans- Securities Acquired (A) Amount Owner-
Nature of
of action action or Disposed of (D) Beneficially ship
Indirect
Security Date Code ----------------------- Owned at End Form
Ownership
Amount A/D Price of Month D/I
- -------- -------- ------ -------- --- -------- ------------ ------- ----
- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common 11/01/97 A 61,971 A $ 0.06 4,341,137 D
Common 11/01/97 G 73,334 D $ 0.06 4,341,137 D
Common 11/01/97 P 75,001 A $ 3.00 4,341,137 D
Common 11/01/97 G 17,501 D $ 3.00 4,341,137 D
<FN>
<F1>
61,971 shares issued at the May 1996 per share value as a correcting adjustment
to a May, 1996 transaction
</FN>
</table
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</TABLE>
<TABLE>
Table II Derivative Securities (D/S) Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------------------------------------
<CAPTION>
1 2 3 4 5 6 7
8 9 10 11
- ------- ------ -------- ---- --------------- ------------------- ----------
- ----- ------ --------- ----- -------
Title Conv Trans Tran # D/S Date Expira
Title/Number Price Number Owner Type of
of or Date Code Acquir/Disposd Exercis tion
Underlying of of D/S ship (I)
D/S Exer M/D/Y --------------- able Date
Securities D/S Owned at of Owner
Price (A) (D) M/D/Y M/D/Y Title
Amount Month end D/I ship
- ------- ------ -------- ---- ------- ------- -------- -------- ------ --
- ----- ------ --------- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
Warrant $ 5.00 11/01/97 P 75,001 11/01/97 10/31/02 Common
75,001 $ 0.00 75,001 D
< n>
<F1>
One unpriced warrant was included with the purchase of each common shares
reported above.
</FN>
</TABLE>
/s/ James W. Noack 12/9/97
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Signature of reporting person Date
