NINTH AMENDMENT TO
                    WAREHOUSING CREDIT AND SECURITY AGREEMENT


     THIS NINTH  AMENDMENT TO WAREHOUSING  CREDIT AND SECURITY  AGREEMENT
(this
"Amendment")  is entered  into as of this 5th day of March 1998,  by and
between
MONUMENT   MORTGAGE,   INC.,  a  California   corporation  (the  "Company")
and
RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (the "Lender").

     WHEREAS,  the  Company  and the Lender have  entered  into a single
family
revolving warehouse facility with a present Warehousing Commitment Amount
of Ten
Million  Dollars  ($10,000,000),  temporarily  increased to  Fifty-Five
Million
Dollars  ($55,000,000),  to finance the  origination and acquisition of
Mortgage
Loans as evidenced by a Second Amended and Restated Warehousing  Promissory
Note
in the principal sum of Fifty-Five Million Dollars ($55,000,000), dated
February
23, 1998, (the "Warehousing  Promissory  Note"), and by a Warehousing
Credit and
Security  Agreement  dated March 22, 1995,  a" the same may have been
amended or
supplemented (the "Warehousing Agreement");

     WHEREAS, the Company and the Lender have entered into a term loan
facility,
as  evidenced  by a Term Loan  Promissory  Note in the  principal  amount
of One
Million Dollars ($1,000,000), dated as of March 22, 1995 (the "Term Loan
Note"),
and the Warehousing Agreement;

     WHEREAS,  the  Company  and the  Lender  have also  entered  into a
working
capital facility with a present Working Capital Commitment Amount of One
Million
Dollars  ($1,000,000),  as  evidenced by a First  Amended and  Restated
Working
Capital   Promissory   Note  in  the  principal  sum  of  One  Million
Dollars
($1,000,000),  dated as of February 29, 1996 (the "Working  Capital Note"),
and
the Warehousing Agreement; and

     WHEREAS,  the  Company  has  requested  the  Lender  to  increase  the
Wet
Settlement  sublimit of the  Warehousing  Agreement and the Lender has
agreed to
such  increase  of the Wet  Settlement  sublimit  of the  Warehousing
Agreement
subject to the terms and conditions of this Amendment;

     NOW, THEREFORE, for and in consideration of the foregoing and of the
mutual
covenants,  agreements and conditions  hereinafter  set forth and for other
good
and  valuable  consideration,  the receipt and  sufficiency  of which are
hereby
acknowledged, the parties hereto hereby agree as follows:

     1. All capitalized  terms used herein and not otherwise  defined shall
have
their respective meanings set forth in the Warehousing Agreement.

     2. The effective date  ("Effective  Date") of this Amendment shall be
March
2,  1998,  the date on which the  Company  has  complied  with all the
terms and
conditions of this Amendment.

     3. Section 2.1(b)(3) of the Agreement is hereby deleted in its
entirety and
the following section is substituted in lieu thereof:

                  (3)  The   aggregate   amount  of  Wet   Settlement
Advances
         outstanding at any one time shall not exceed twenty-five  percent
(251)
         of the Commitment Amount.

     4. The Company shall deliver to the Lender (a) an executed original of
this
Amendment  and  (b)  an  executed   Certificate   of  Secretary  with
corporate
resolutions.

     5. The Company  represents,  warrants  and agrees that (a) there
exists no
Default or Event of Default  under the Loan  Documents,  (b) the Loan
Documents
continue to be the legal,  valid and binding  agreements and  obligations
of the
Company  enforceable in accordance with their terms, as modified herein,
(c) the
Lender is not in default under any of the Loan  Documents and the Company
has no
offset  or  defense  to its  performance  or  obligations  under any of the
Loan
Documents,  (d) the representations  contained in the Loan Documents remain
true
and accurate in all respects,  and (e) there has been no material adverse
change
in the  financial  condition  of the  Company  from the date of the
Warehousing
Agreement to the date of this Amendment.

     6. Except as hereby  expressly  modified,  the Warehousing  Agreement
shall
otherwise  be  unchanged  and shall  remain in full  force and  effect,
and the
Company ratifies and reaffirms all of its obligations thereunder.

     7. This Amendment may be executed in any number of counterparts  and
by the
different  parties  hereto  on  separate  counterparts,  each of  which
when so
executed and  delivered  shall be an original,  but all of which shall
together
constitute one and the same instrument.

     IN WITNESS  WHEREOF,  the Company and the Lender have caused this
Amendment
to be duly executed on their behalf by their duly authorized  officers as
of the
day and year above written.

                            MONUMENT MORTGAGE, INC.,
                            a California corporation


                            By:_______________________________

                            Its:  President


                            RESIDENTIAL FUNDING CORPORATION,
                            a Delaware corporation


                            By:_______________________________
                                     D. GRAHAM SHIPMAN
                            Its:  Director



STATE OF California        )
                           ) ss
COUNTY OF Contra Costa     )

         On April 13,  1998,  before me, a Notary  Public,  personally
appeared
James  W.  Noack,  the  President  of  MONUMENT  MORTGAGE,  INC.,  a
California
corporation,  personally  known  to  me  (or  proved  to  me  on  the
basis  of
satisfactory  evidence) to be the person whose name is  subscribed to the
within
instrument  and  acknowledged  to me that  he/she  executed  the same in
his/her
authorized capacity, and that by his/her signature on the instrument the
person,
or the entity upon behalf of which the person acted, executed the
instrument.

         WITNESS my hand and official seal.




                                 Notary Public
                                 My Commission Expires:
(SEAL)


STATE OF California        )
                           ) ss
COUNTY OF Contra Costa     )

         On April 19, 1995, before me, a Notary Public,  personally
appeared D.
Graham Shipman,  the Director of RESIDENTIAL FUNDING  CORPORATION,  a
California
corporation,  personally  known  to  me  (or  proved  to  me  on  the
basis  of
satisfactory  evidence) to be the person whose name is  subscribed to the
within
instrument  and  acknowledged  to me that  he/she  executed  the same in
his/her
authorized capacity, and that by his/her signature on the instrument the
person,
or the entity upon behalf of which the person acted, executed the
instrument.

         WITNESS my hand and official seal.




                                  Notary Public
                                  My Commission Expires:
(SEAL)


<PAGE>


                              CONSENT OF GUARANTOR

     The  undersigned,  being the Guarantor  under the Guaranty dated as of
July
23,  1997,  hereby  consents to the  foregoing  Amendment  and the
transactions
contemplated thereby and hereby modifies and reaffirms his obligations
under his
Guaranty so as to include within the term  "Guaranteed  Debt" the
indebtedness,
obligations and  liabilities of the Company under this Amendment.  The
Guarantor
hereby  reaffirms  that his  obligations  under his  Guaranty  are
separate and
distinct  from the Company's  obligations  to Lender,  and that his
obligations
under the  Guaranty are in full force and effect,  and hereby  waives and
agrees
not to assert any  anti-deficiency  protections  or other rights as a
defense to
his obligations under the Guaranty, all as more fully set forth in the
Guaranty,
the terms of which are incorporated herein as if fully met forth herein.

     The Guarantor  further agrees,  upon Lender's  request,  to execute
for the
benefit of Lender an  additional  guaranty  in form and  content
acceptable  to
Lender  and  conforming  to  the  Guaranty  in  connection  with  the
foregoing
Amendment.

                             GUARANTOR:


                             ____________________________
                             FINET HOLDINGS CORPORATION


STATE OF California        )
                           ) ss
COUNTY OF Contra Costa     )

         On April 13, 1998, before me, a Notary Public,  personally
appeared Jan
Hoeffel, the President of FINET HOLDINGS CORPORATION, personally known to
me (or
proved to me on the basis of satisfactory  evidence) to be the person whose
name
is  subscribed  to the within  instrument  and  acknowledged  to me that
he/she
executed the same in his/her authorized capacity,  and that by his/her
signature
on the  instrument  the  person,  or the entity  upon behalf of which the
person
acted, executed the instrument.

         WITNESS my hand and official seal.




                                  Notary Public
                                  My Commission Expires:
(SEAL)



<PAGE>



                                   CERTIFICATE
                                       OF
                                  SECRETARY OF
                             MONUMENT MORTGAGE, INC.

     I, the  undersigned,  hereby  certify  that I am the  Secretary of
MONUMENT
MORTGAGE,  INC., a California corporation (the "Company),  and have
knowledge of
the matters contained in this Certificate and hereby certify that:

     1.   The Company is a corporation  duly organized,  validly existing
and in
          good  standing  under  the  laws of the  State of  California
and has
          complied with all certifications,  filings and requirements
necessary
          to continue as a corporation  in the State of California  and for
each
          state  where  the  Company  is  transacting   business  as  a
foreign
          corporation.

     2.   In connection with the single family revolving warehouse facility
made
          to  the  Company  by  RESIDENTIAL  FUNDING  CORPORATION,   a
Delaware
          corporation  (the  "Lender")  pursuant  to the terms of a
Warehousing
          Credit and Security  Agreement dated as of March 22, 1995, as the
same
          may have been amended or supplemented (the  "Agreement"),  the
Company
          has the valid power and authority to execute and deliver to the
Lender
          the Ninth Amendment to Warehousing Credit and Security Agreement.

     3.   The  resolutions  attached to this  Certificate as Exhibit A were
duly
          adopted by either:  (a) by  unanimous  written  action of the
Board of
          Directors  of the  Company;  or  (b) at a  meeting  of  the
Board  of
          Directors  of the  Company  held on the _____ day of , 19__,  at
which
          meeting a quorum was  present.  I am the keeper of the Minute
Book of
          the Company and said resolutions  have been entered therein,
have not
          been  altered,  amended,  repealed or  rescinded,  and are now in
full
          force and effect.

     4.   There have been no  amendments  to the  Articles of
Incorporation  or
          bylaws  of the  Company  since the date of the most  recent
certified
          copies thereof delivered to the Lender.

     IN  WITNESS  WHEREOF,  I have  hereunto  set my hand  and the  seal of
this
corporation this 10th day of April, 1998.


                                    __________________________
                                    Secretary



<PAGE>


                                    EXHIBIT A
                        RESOLUTIONS OF BOARD OF DIRECTORS


     WHEREAS, MONUMENT MORTGAGE, INC., a California corporation (the
"Company"),
has entered into a single  family  revolving  warehouse  facility with a
present
commitment amount of Ten Million Dollars ($10,000,000), temporarily
increased to
Fifty-Five Million Dollars  ($55,000,000) (the "Warehousing  Commitment
Amounts)
with RESIDENTIAL FUNDING CORPORATION,  a Delaware corporation (the
"Lender"), as
evidenced by a Second Amended and Restated  Warehousing  Promissory  Note
in the
principal sum of Fifty-Five Million Dollars ($55,000,000),  dated as of
February
23, 1998, and by a Warehousing Credit and Security Agreement,  dated as of
March
22, 1995, as the same may have been amended or  supplemented  (the
"Warehousing
Agreement"); and

     WHEREAS,  the Company and the Lender have entered into a term loan
facility
with a present Term Loan Commitment Amount of One Million Dollars
($1,000,000),
as  evidenced  by a Term Loan  Promissory  Note in the  principal  amount
of One
Million  Dollars  ($1,000,000),  dated as of March 22, 1995, and the
Warehousing
Agreement;

     WHEREAS,  the  Company  and the  Lender  have also  entered  into a
working
capital facility with a present Working Capital Commitment Amount of One
Million
Dollars ($1,000,000) (the "Working Capital Commitment"), as evidenced by a
First
Amended and Restated Working Capital Promissory Note in the principal sum
of One
Million Dollars ($1,000,000), dated as of February 29, 1996, and the
Warehousing
Agreement;

     WHEREAS,  the Company  proposes to increase the Wet Settlement
sublimit of
the Warehousing Agreement; and

     WHEREAS,  to evidence such increase of the Wet  Settlement  sublimit
of the
Warehousing  Agreement,  the  Company  proposes  to execute  and deliver a
Ninth
Amendment to Warehousing Credit and Security Agreement (the "Amendment"), a
copy
of which has been presented to the Board of Directors of this Company; and

     WHEREAS, the Board of Directors of this Company has determined that it
will
be in the best  interests  of this  Company for the Company to increase
the Wet
Settlement sublimit of the Agreement.

     RESOLVED,  that these  resolutions are enacted by the Board of
Directors of
this Company on its behalf and on behalf of the Company.

     FURTHER RESOLVED, that the Company shall amend the Warehousing
Agreement to
be evidenced by the Amendment.

     FURTHER RESOLVED,  that the Amendment in the form presented to the
Board of
Directors of this Company are hereby approved and copies thereof are Bled
in the
records of this Company with these Resolutions.

     FURTHER RESOLVED,  that any One (insert minimum number required to
sign) of
the following titles or positions of officers of the Company:  President,
Chief
Financial  Officer,  Senior Vice President  (list  titles/positions  of
officers
authorized,  do  not  list  individual  names),  shall  be and  are
authorized,
empowered and directed in the name of and on behalf of this Company, to
execute,
acknowledge  and  deliver  the  Amendment  in the form  approved by the
Board of
Directors of this  Company as  aforesaid,  with such  changes  therein as
may be
acceptable  to such  officers,  as  conclusively  evidenced  by their
execution
thereof.

     FURTHER  RESOLVED,  that such officers shall be and are hereby
authorized,
empowered  and directed to do and perform each and every act and execute
any and
all documents and instruments in the name of this Company as may be
necessary or
desirable to enable this Company to amend the Warehousing Agreement and to
carry
out the purport and intent of the foregoing Resolutions.