<PAGE> 1
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name of Reporting Person: Stephen J. Sogin
Address of Reporting Person: 18835 Fitzpatrick
Occidental, CA 95465
2. Issuer Name and Trading Symbol: Finet Holdings Corporation: FNHC
3. Social Security # (Voluntary):
4. Statement for Month/Year: 2/99
5. If Amendment, Date of Original:
6. Relationship of Reporting Person: Director
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 50,000 D
</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>
Option $ 0.06 11/20/97 A 65,633 11/20/97 01/31/01 Common
65,633 $ 0.00 D
Option $ 0.50 11/20/97 A 40,000 11/20/97 01/21/02 Common
40,000 $ 0.00 D
Option $ 4.50 01/27/98 A 25,000 04/27/98 01/27/03 Common
25,000 $ 0.00 D
Option $ 1.06 02/16/99 A 40,000 01/01/99 01/01/09 Common
40,000 $ 0.00 175,633 D
</TABLE>
/s/ Stephen J. Sogin 03/08/99
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Signature of reporting person Date
