<PAGE> 1
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
1. Name of Reporting Person: Christos Skeadas
Address of Reporting Person: 3021 Citrus Circle, #150
Walnut Creek, CA 94598
2. Date of Event Requiring Statement 4/19/99
3. Social Security # (Voluntary):
4. Issuer Name and Trading Symbol: Finet Holdings Corporation: FNHC
5. Relationship of Reporting Person: Officer
Executive Vice President and Chief
Technology Officer
6. If Amendment, Date of Original:
7. Reporting By: One Reporting Person
<TABLE>
Table I Non-Derivative Securities Beneficially Owned
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<CAPTION>
1 2 3 4
- -------- ------------ --------- ---------
Title Amount Ownership Nature of
of Beneficially Form Indirect
Security Owned D/I Ownership
- -------- ------------ --------- ---------
<S> <C> <C> <C>
</table
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</TABLE>
<TABLE>
Table II Derivative Securities (D/S) Beneficially Owned
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- ---------------------
<CAPTION>
1 2 3 4 5
6
- --------------------- ----------- -------- ------ --------- -------- ---
- --- ---------
Title Date Date Title/Number Exercise
Owner Type of
of Exercisable Expires Underlying Price
ship (I)
D/S M/D/Y M/D/Y Securities of D/S
D/I Ownership
- --------------------- ----------- -------- ------ --------- -------- ---
- --- ---------
<S> <C> <C> <C> <C> <C> <C>
<C>
Employee Stock Common
Option (right to buy) <1> 3/2/09 Stock 350,000 $ 2.25
D
</TABLE>
<1>
100,000 options vest 5/2/99; 100,000 options vest 3/2/00; beginning 3/2/01,
remainder vests 50,000 annually on each of the next three anniversaries, fully
vested after 48 months.
/s/ Chris Skeadas 5/6/99
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Signature of reporting person Date
