E LOAN INC
EXHIBIT
<DOCUMENT>
<TYPE>EX-10.96
<SEQUENCE>16
<FILENAME>exh10-96.htm
<DESCRIPTION>EXHIBIT
<TEXT>
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<TITLE>FY2002 10K Exhibit 10.96</TITLE>
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<B><P ALIGN="CENTER">
                         Exhibit 10.96 </P></B>


<P ALIGN="RIGHT">                                  * Confidential treatment requested</P>


<P ALIGN="RIGHT">December 23, 2002</P>
<P>Mr. Steve Majeras<BR>
E-Loan, Inc.<BR>
5875 Arnold Road<BR>
Dublin, CA 94568</P>
<P>Dear Mr. Majeras,</P>
<P>Subject:&#9;Letter of Agreement</P>
<P>CitiMortgage, Inc. ("CMI") agrees to offer E-Loan, Inc. ("Correspondent") the
following pricing arrangement as a Letter of Agreement, in accordance with the
terms, conditions, requirements, procedures, representations and warranties set
forth in the CMI Correspondent Agreement (form 200), The CMI Select and the CMI
Correspondent Manual and all amendments, bulletins, program requirements and
supplements to such Manual.</P>
<B><P>I.&#9;Commitment Terms</B>:</P>
<P>All loans Registered and Rate Locked by Correspondent during the Effective
Term of January 1, 2003 through March 31, 2003 will be eligible for the
appropriate price enhancement applicable to the specific product described in
this agreement. The signed letter must be returned within five (5) business days
of the agreement date.</P>
<B><P>II.&#9;Volume</B>:</P>
<P>Correspondent agrees to sell CMI a minimum of [ ** ] on a monthly basis
during the Effective Term of this Letter of Agreement. In the event
Correspondent is unable to satisfy the terms of this agreement, CMI reserves the
right to re-negotiate or cancel the terms of the Letter of Agreement at any time
during the Effective Term.</P>
<B><P>III.&#9;Product</B>:</P>
<P>Listed below are the eligible products and their price enhancement over the
posted CMI price in effect at the time of Rate Lock and/or the negotiated
service released premium (SRP):</P>
<B><P>Best Effort Flow</B>:</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate 30 Year<BR>
Servicing Released Premium</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>

<P>CMI Select:  paid on eligible product locked through the CMI Select Desk
(AOT/Direct/Block Commitment)</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate 30 Year<BR>
Servicing Released Premium</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate 15 Year<BR>
Servicing Released Premium</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conventional ARMs (All Products) Price Enhancement</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<P ALIGN="RIGHT">                                  * Confidential treatment requested</P>

<B><P>Special Conditions</B>:</P>

<UL>
<LI>All Conforming Conventional Fixed Rate registered with CitiMortgage, Inc.
between October 4, 2002 and December 23, 2002, and not purchased prior to
December 23, 2002, will be eligible for:</LI></UL>

<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate 30 Year<BR>
Servicing Released Premium</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate 15 Year<BR>
Servicing Released Premium</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<UL>
<LI>All Non-Conforming Fixed Rate and Conventional ARM Product (Non-Conforming
and Conforming) registered with CitiMortgage, Inc. between October 4, 2002 and
December 31, 2002, and not purchased prior to December 23, 2002, will be
eligible for:</LI></UL>

<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=504>
<TR><TD WIDTH="75%" VALIGN="TOP">
<P>Non-Conforming Fixed Rate and Conventional ARM, (All Products) Price
Enhancement</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>

<B><P>IV.&#9;Minimum Delivery Characteristics</B>:</P>
<P>It is agreed that Correspondent will deliver a monthly minimum of the
following product to CMI during the Effective Term of this Letter of
Agreement:</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=472>
<TR><TD WIDTH="61%" VALIGN="TOP">
<P>Conventional ARMS (All Products)</TD>
<TD WIDTH="39%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP">
<P>Average Balance</TD>
<TD WIDTH="39%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</CENTER></P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=560>
<TR><TD WIDTH="49%" VALIGN="TOP">
<P>Conforming Conventional Fixed Rate</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<P>Average Balance</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">
<P>Geographic Mix</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>[ ** ]</TD>
</TR>
</TABLE>
</P>

<B><P>V.&#9;Fees and Adjustments</B>:</P>
<P>Standard fees and adjustments will apply as documented in the CMI
Correspondent Manual or incorporated by reference in subsequent Correspondent
Updates.</P>
<B><U><FONT SIZE=2><P>Note:  All other Price/Rate Adjustments from our standard
daily pricing will apply unless otherwise modified above</B></U></FONT>.</P>

<P ALIGN="RIGHT">                                  * Confidential treatment requested</P>

<B><P>VI.&#9;Other Conditions</B>:</P>
<P>All covenants, representations, warranties, terms and conditions of the
Letter of Agreement and the CMI Correspondent Manual remain in full force and
effect.</P>
<P>Correspondent hereby agrees that it makes all representations, warranties,
and covenants set forth in the CMI Correspondent Manual and Program Documents
with respect to each Mortgage Loan as of the respective purchase date by
CMI.</P>
<P>This Letter of Agreement is confidential and intended solely for the use of
the named Correspondent.</P>
<P>The terms and conditions of this Letter of Agreement are valid if signed and
returned by an authorized officer of Correspondent to CMI within five (5)
business days of the agreement date. Signed letter should be returned in the
enclosed envelope to:</P>
<P ALIGN="CENTER">CitiMortgage, Inc.<BR>
Attn: Dana Best MS 800<BR>
13736 Riverport Drive Suite 800<BR>
Maryland Heights, MO 63043<BR>
(314) 264-1048</P>
<P>We at CitiMortgage wish to extend our gratitude and appreciation for
selecting Citimortgage as your investor.  We look forward to expanding and
enhancing our business relationship E-Loan, Inc.</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>Sincerely,</TD>
<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>/s/</P>
<P>Len Israel</P>
<P>Director of Correspondent Lending</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P>/s/</P>
<P>David G. Henry</P>
<P>Director of Wholesale Pricing</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>E-Loan, Inc<BR>
("Correspondent")</TD>
<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>By:  _______/s/<U>&#9;</P>
</U><P>Name: Steven M. Majerus</P>
<P>Title:  SVP Capital Markets</P>
<P>Date:  12/30/02</P>

<P>cc:  Dennis Brodecker, Division Manager</TD>
<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<P ALIGN="RIGHT">                                  * Confidential treatment requested</P>

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