LendingTree

This article needs references that appear in reliable third-party publications. Primary sources or sources affiliated with the subject are generally not sufficient for a Wikipedia article. Please add more appropriate citations from reliable sources. (June 2010)

LendingTree

Type	LLC
Founded	Charlotte, North Carolina (1998)
Headquarters	Charlotte, North Carolina, USA
Key people	Doug Lebda, CEO/Founder
Employees	700 (2008)
Website	www.lendingtree.com

Original logo used from 1998 until 2009.

LendingTree is an online lending exchange. LendingTree is a web-based company (LendingTree.com), operating a lead-generation business. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, and credit cards.

[edit]History

Launched in 1998 with headquarters in Charlotte, LendingTree, LLC also owns and operates LendingTree Loans sm, GetSmart.com, and HomeLoanCenter.com. LendingTree, LLC is a business of Tree.com, Inc. (NASDAQ: TREE).

LendingTree was part of IAC Financial Services and Real Estate, an operating company ofIAC (NASDAQ: IACI).

[edit]Criticism

In 2010, BanxCorp began antitrust legal proceedings against more than 100 companies, including LendingTree. Outcome pending. ^[1][2]

[edit]References

1. ^ forbes.com (June 3, 2010). "Antitrust Complaint Filed Against Dow Jones & Co., The New York Times and Other Media Giants". Press release. Retrieved 2010-06-22. "A federal antitrust complaint was filed against nine firms including Dow Jones & Co., The New York Times, CNBC, CNN, MSNBC and others, for engaging in unlawful per se horizontal market division, customer allocation, and price fixing agreements with competitors in the market for bank rate websites throughout the United States. ... The case is USDC-DNJ 2:10-cv-02467-SDW-MCA."
2. ^ http://banx.com/BanxCorp_v_LendingTree_et_al.pdf

Home Loans Without Headaches

Whether you're a first-time home buyer or a seasoned veteran, finding a great mortgage is often stressful and time-consuming. LendingTree helps streamline the process.  Complete our online home loan request to compare offers from competing lenders. 

Here's how it works:

• Complete our simple, secure online request
• Receive up to 4 offers from lenders
• Compare mortgage rates and terms for each loan
• Choose the loan that fits your needs

Start your free LendingTree mortgage loan request now and enjoy all the benefits of a home loan custom-fitted to your needs!  You will have wide choice of home mortgage options, including fixed and variable rate home loans. You may qualify for an FHA loan, which can allow a low down payment and can lower your closing costs.  You must meet FHA eligibility requirements to qualify.

Choosing the right mortgage loan for your financial situation is a big decision.  LendingTree lets you compare home mortgage options from multiple lenders, allowing you to choose between fixed rate loans and adjustable rate mortgages (variable rate loans), both for 15 or 30 year terms.  You can also compare mortgage interest rates, points and other loan options to find the best mortgage for your financial needs.

If you need more information before you start, check out ourexpert home loan tips or try a mortgage calculator.  Explore the full range of home loan options available to you at no obligation

LendingTree Weekly Mortgage Rate Pulse Reports Rates Tick Up

CHARLOTTE, N.C., Jan. 19, 2011 /PRNewswire/ -- Average mortgage rates increased slightly week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders.

On January 18, average home loan rates offered by LendingTree network lenders were 5.03 percent (5.26% APR) for 30-year fixed mortgages, 4.33 percent (4.69% APR) for 15-year fixed mortgages and 3.77 percent (3.98% APR) for 5/1 adjustable rate mortgages (ARM). Rates for 30-year fixed and 15-year fixed mortgages increased slightly, while 5/1 ARM rates remained relatively flat.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.5 percent (4.64% APR) for a 30-year fixed mortgage, 3.75 percent (3.99% APR) for a 15-year fixed mortgage and 3.00 percent (3.21% APR) for a 5/1 ARM. 

"Market conditions have continually been improving for borrowers over the past month with rates back down to early December levels," said Cameron Findlay, LendingTree chief economist. "However, given the impending rise in agency loan level pricing adjustments scheduled to take effect in the next two weeks and increased tension in the market surrounding what is considered a 'Qualified Residential Mortgage' there is a lot of risk waiting to lock your mortgage rate in this environment."

Below is a state-by-state comparison of mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity.

   

STATE-BY-STATE MORTGAGE DATA 1/19/10

*Updated Quarterly
   

STATE
   

LOWEST MORTGAGE RATE
   

LOAN-TO-VALUE RATIO*
   

% WITH NEGATIVE EQUITY*
   

Alabama
   

4.50% (4.65% APR)
   

67.1%
   

10.5%
   

Alaska
   

4.75% (4.95% APR)
   

67%
   

8.9%
   

Arizona
   

4.63% (4.82% APR)
   

92.4%
   

48.6%
   

Arkansas
   

4.63% (4.74% APR)
   

73.6%
   

11.6%
   

California
   

4.50% (4.64% APR)
   

70.1%
   

31.6%
   

Colorado
   

4.50% (4.70% APR)
   

72.1%
   

19.6%
   

Connecticut
   

4.38% (4.48% APR)
   

58.2%
   

11.9%
   

Delaware
   

4.50% (4.59% APR)
   

67.9%
   

13.3%
   

District of Columbia
   

4.63% (4.76% APR)
   

58.6%
   

15.2%
   

Florida
   

4.50% (4.63% APR)
   

88.7%
   

45.5%
   

Georgia
   

4.50% (4.64% APR)
   

79.8%
   

28%
   

Hawaii
   

4.63% (4.71% APR)
   

55.5%
   

10.7%
   

Idaho
   

4.63% (4.82% APR)
   

74.1%
   

25.3%
   

Illinois
   

4.50% (4.59% APR)
   

70.6%
   

19.4%
   

Indiana
   

4.63% (4.76% APR)
   

70%
   

11.3%
   

Iowa
   

4.63% (4.82% APR)
   

66.9%
   

8.7%
   

Kansas
   

4.50% (4.70% APR)
   

70.6%
   

11.1%
   

Kentucky
   

4.50% (4.65% APR)
   

68%
   

8.9%
   

Louisiana
   

4.63% (4.82% APR)
   

N/A
   

22.5%
   

Maine
   

4.63% (4.83% APR)
   

N/A
   

22.5%
   

Maryland
   

4.50% (4.70% APR)
   

68.8%
   

22%
   

Massachusetts
   

4.63% (4.75% APR)
   

60.3%
   

14.9%
   

Michigan
   

4.63% (4.75% APR)
   

85.5%
   

37.6%
   

Minnesota
   

4.63% (4.75% APR)
   

65.5%
   

16.2%
   

Mississippi
   

4.63% (4.83% APR)
   

N/A
   

22.5%
   

Missouri
   

4.50% (4.70% APR)
   

71.5%
   

15.7%
   

Montana
   

4.63% (4.71% APR)
   

60.1%
   

7.7%
   

Nebraska
   

4.63% (4.82% APR)
   

73.1%
   

9.6%
   

Nevada
   

4.63% (4.76% APR)
   

118.7%
   

66.5%
   

New Hampshire
   

4.63% (4.75% APR)
   

69%
   

17.7%
   

New Jersey
   

4.50% (4.64% APR)
   

61.3%
   

15.2%
   

New Mexico
   

4.63% (4.76% APR)
   

66.4%
   

12.6%
   

New York
   

4.50% (4.61% APR)
   

49.8%
   

7%
   

North Carolina
   

4.50% (4.64% APR)
   

70.3%
   

10.5%
   

North Dakota
   

4.63% (4.82% APR)
   

59.9%
   

7.4%
   

Ohio
   

4.63% (4.75% APR)
   

74.7%
   

20%
   

Oklahoma
   

4.63% (4.74% APR)
   

70.7%
   

6.0%
   

Oregon
   

4.50% (4.70% APR)
   

68.7%
   

15.6%
   

Pennsylvania
   

4.50% (4.63% APR)
   

62.1%
   

7.4%
   

Rhode Island
   

4.63% (4.82% APR)
   

61.6%
   

20%
   

South Carolina
   

4.63% (4.75% APR) 
   

70.4%
   

14.2%
   

South Dakota
   

4.63% (4.74% APR)
   

N/A
   

22.5%
   

Tennessee
   

4.50% (4.70% APR)
   

70.9%
   

13.9%
   

Texas
   

4.50% (4.63% APR)
   

69.5%
   

11.2%
   

Utah
   

4.63% (4.87% APR)
   

73.6%
   

20.7%
   

Vermont
   

4.63% (4.82% APR)
   

N/A
   

22.5%
   

Virginia
   

4.50% (4.74% APR) 
   

70.5%
   

22.1%
   

Washington
   

4.50% (4.70% APR)
   

66.2%
   

14.9%
   

West Virginia
   

4.75% (4.95% APR)
   

N/A
   

22.5%
   

Wisconsin
   

4.75% (4.95% APR)
   

67.2%
   

13.1%
   

Wyoming
   

4.63% (4.74% APR)
   

N/A
   

22.5%
   

   
           


Additional refinance mortgage rates are available at http://www.lendingtree.com/mortgage-loans/rates.

The LendingTree Weekly Mortgage Rate Pulse is published every Wednesday. Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower's loan details and credit profile. Visit www.lendingtree.com to learn more.

About LendingTree, LLC

LendingTree, LLC is the nation's leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 28 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (Nasdaq: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE , join our Facebook page and/or follow us on Twitter @LendingTree.

LendingTree Weekly Mortgage Rate Pulse Reports Falling Rates

On January 4, average home loan rates offered by LendingTree network lenders were 5.01 percent (5.26% APR) for 30-year fixed mortgages, 4.34 percent (4.70% APR) for 15-year fixed mortgages and 3.91 percent (4.06% APR) for 5/1 adjustable rate mortgages (ARM). Mortgage rates for all loan types were down from the prior week.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.375 percent (4.57% APR) for a 30-year fixed mortgage, 3.75 percent (3.99% APR) for a 15-year fixed mortgage and 3.00 percent (3.21% APR) for a 5/1 ARM.  

On January 4, LendingTree network lenders offered rates for a jumbo loan as low as 5.375% percent (5.393% APR) for 30-year fixed mortgages, 5.875 percent (5.917% APR) for 15-year fixed mortgages.

Average jumbo loan rates offered by lenders this week were 5.90 percent (5.97% APR) for 30-year fixed mortgages and 5.73 percent (5.84% APR) for 15-year fixed mortgages.

"Since September, the spread between a conforming 30-year fixed mortgage and a jumbo mortgage has slowly narrowed to 60 basis points, reaching their most attractive level since mid-2007," said Cameron Findlay, LendingTree chief economist. "For homeowners in the high-end housing market, it's a great time to consider refinancing."

Below is a state-by-state comparison of mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity.

STATE-BY-STATE MORTGAGE DATA 1/4/11 *Updated Quarterly
STATE	LOWEST MORTGAGE RATE	LOAN-TO-VALUE RATIO*	% WITH NEGATIVE EQUITY*
Alabama	4.50% (4.65% APR)	67%	9.8%
Alaska	4.63% (4.82% APR)	67%	10.6%
Arizona	4.50% (4.70% APR)	94%	50%
Arkansas	4.63% (4.74% APR)	74%	12%
California	4.50% (4.63% APR)	70%	32.8%
Colorado	4.50% (4.70% APR)	72%	19.7%
Connecticut	4.50% (4.61% APR)	58%	12%
Delaware	4.50% (4.59% APR)	68%	13.5%
District of Columbia	4.50% (4.74% APR)	59%	15.5%
Florida	4.38% (4.48% APR)	90%	46.4%
Georgia	4.38% (4.52% APR)	80%	28.1%
Hawaii	4.63% (4.71% APR)	55%	10.7%
Idaho	4.50% (4.70% APR)	73%	23.7%
Illinois	4.50% (4.70% APR)	71%	19.7%
Indiana	4.50% (4.70% APR)	70%	11%
Iowa	4.63% (4.82% APR)	67%	8.8%
Kansas	4.63% (4.82% APR)	70%	10.8%
Kentucky	4.50% (4.70% APR)	67%	8.5%
Louisiana	4.50% (4.70% APR)	N/A	23%
Maine	4.50% (4.70% APR)	N/A	23%
Maryland	4.50% (4.63% APR)	69%	22.2%
Massachusetts	4.63% (4.75% APR)	60%	15%
Michigan	4.50% (4.64% APR)	86%	38%
Minnesota	4.50% (4.63% APR)	65%	16.3%
Mississippi	4.50% (4.70% APR)	N/A	23%
Missouri	4.38% (4.57% APR)	71%	15.5%
Montana	4.63% (4.71% APR)	60%	7.7%
Nebraska	4.63% (4.82% APR)	73%	9.3%
Nevada	4.63% (4.76% APR)	120%	68.1%
New Hampshire	4.50% (4.70% APR)	69%	18.4%
New Jersey	4.50% (4.63% APR)	61%	15.4%
New Mexico	4.50% (4.70% APR)	66%	12.2%
New York	4.50% (4.61% APR)	50%	7.1%
North Carolina	4.38% (4.57% APR)	70%	10.4%
North Dakota	4.50% (4.70% APR)	60%	7.4%
Ohio	4.50% (4.70% APR)	74%	19.7%
Oklahoma	4.63% (4.74% APR)	70%	5.8%
Oregon	4.50% (4.70% APR)	69%	15.7%
Pennsylvania	4.38% (4.48% APR)	62%	7.3%
Rhode Island	4.50% (4.70% APR)	62%	20.3%
South Carolina	4.50% (4.63% APR)	71%	14.3%
South Dakota	4.50% (4.62% APR)	N/A	23%
Tennessee	4.38% (4.57% APR)	71%	13.8%
Texas	4.50% (4.63% APR)	70%	11.3%
Utah	4.50% (4.70% APR)	73%	20.4%
Vermont	4.50% (4.70% APR)	N/A	23%
Virginia	4.38% (4.61% APR)	71%	22.7%
Washington	4.50% (4.70% APR)	66%	15.2%
West Virginia	4.63% (4.82% APR)	N/A	23%
Wisconsin	4.63% (4.82% APR)	67%	13.7%
Wyoming	4.63% (4.7%4 APR)	N/A	23%

Additional refinance mortgage rates are available at http://www.lendingtree.com/mortgage-loans/rates/.

The LendingTree Weekly Mortgage Rate Pulse will be published every Wednesday. Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower's loan details and credit profile. Visit www.lendingtree.com to learn more.

About LendingTree, LLC

LendingTree, LLC is the nation's leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 28 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE).

LendingTree Weekly Mortgage Rate Pulse Reveals Slightly Falling Rates

CHARLOTTE, N.C., Dec. 29, 2010 /PRNewswire/ -- Average mortgage rates fell slightly week-over-week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders.

On December 28, average home loan rates offered by LendingTree network lenders were 5.16 percent (5.40% APR) for 30-year fixed mortgages, 4.46 percent (4.83% APR) for 15-year fixed mortgages and 4.07 percent (4.13% APR) for 5/1 adjustable rate mortgages (ARM). Rates for 30- and 15-year fixed mortgages fell slightly week-over-week, while 5/1 ARM rates rose.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.625 percent (4.82% APR) for a 30-year fixed mortgage 3.875 percent (4.12% APR) for a 15-year fixed mortgage and 3.125 percent (3.25% APR) for a 5/1 ARM.  

"With the New Year approaching, it's a great time for consumers to tidy up their home finances," said Nicole Hall, LendingTree home loan shopping expert. "Homeowners can find a great deal of savings by dusting off their mortgage documents and insurance policies and evaluating whether they're still getting the best deal. Refinancing and lowering your insurance premiums can leave consumers with more money to tackle other New Year's resolutions, like increasing their 401k contribution."

Below is a state-by-state comparison of mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity.

STATE-BY-STATE MORTGAGE DATA 12/28/10 *Updated Quarterly
STATE	LOWEST MORTGAGE RATE	LOAN-TO-VALUE RATIO*	% WITH NEGATIVE EQUITY*
Alabama	4.63% (4.82% APR)	67%	9.8%
Alaska	4.63% (4.82% APR)	67%	10.6%
Arizona	4.63% (4.82% APR)	94%	50%
Arkansas	4.63% (4.82% APR)	74%	12%
California	4.63% (4.82% APR)	70%	32.8%
Colorado	4.63% (4.82% APR)	72%	19.7%
Connecticut	4.63% (4.82% APR)	58%	12%
Delaware	4.63% (4.82% APR)	68%	13.5%
District of Columbia	4.63% (4.82% APR)	59%	15.5%
Florida	4.63% (4.77% APR)	90%	46.4%
Georgia	4.63% (4.77% APR)	80%	28.1%
Hawaii	4.75% (4.88% APR)	55%	10.7%
Idaho	4.63% (4.82% APR)	73%	23.7%
Illinois	4.75% (4.88% APR)	71%	19.7%
Indiana	4.63% (4.81% APR)	70%	11%
Iowa	4.63% (4.82% APR)	67%	8.8%
Kansas	4.63% (4.82% APR)	70%	10.8%
Kentucky	4.63% (4.82% APR)	67%	8.5%
Louisiana	4.63% (4.82% APR)	N/A	23%
Maine	4.63% (4.82% APR)	N/A	23%
Maryland	4.63% (4.82% APR)	69%	22.2%
Massachusetts	4.75% (4.87% APR)	60%	15%
Michigan	4.63% (4.82% APR)	86%	38%
Minnesota	4.62% (4.82% APR)	65%	16.3%
Mississippi	4.63% (4.82% APR)	N/A	23%
Missouri	4.63% (4.82% APR)	71%	15.5%
Montana	4.63% (4.82% APR)	60%	7.7%
Nebraska	4.63% (4.82% APR)	73%	9.3%
Nevada	4.63% (4.82% APR)	120%	68.1%
New Hampshire	4.63% (4.82% APR)	69%	18.4%
New Jersey	4.63% (4.82% APR)	61%	15.4%
New Mexico	4.63% (4.82% APR)	66%	12.2%
New York	4.63% (4.82% APR)	50%	7.1%
North Carolina	4.63% (4.82% APR)	70%	10.4%
North Dakota	4.63% (4.82% APR)	60%	7.4%
Ohio	4.75% (4.88% APR)	74%	19.7%
Oklahoma	4.63% (4.82% APR)	70%	5.8%
Oregon	4.63% (4.82% APR)	69%	15.7%
Pennsylvania	4.50% (4.59% APR)	62%	7.3%
Rhode Island	4.63% (4.82% APR)	62%	20.3%
South Carolina	4.63% (4.82% APR)	71%	14.3%
South Dakota	4.63% (4.82% APR)	N/A	23%
Tennessee	4.63% (4.82% APR)	71%	13.8%
Texas	4.63% (4.82% APR)	70%	11.3%
Utah	4.63% (4.82% APR)	73%	20.4%
Vermont	4.63% (4.82% APR)	N/A	23%
Virginia	4.63% (4.82% APR)	71%	22.7%
Washington	4.75% (4.89% APR)	66%	15.2%
West Virginia	4.63% (4.82% APR)	N/A	23%
Wisconsin	4.63% (4.82% APR)	67%	13.7%
Wyoming	4.63% (4.82% APR)	N/A	23%

Additional refinance mortgage rates are available at http://www.lendingtree.com/mortgage-loans/rates/.

The LendingTree Weekly Mortgage Rate Pulse will be published every Wednesday. Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower's loan details and credit profile. Visit www.lendingtree.com to learn more.

About LendingTree, LLC

LendingTree, LLC is the nation's leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 28 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (Nasdaq: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE , join our Facebook page and/or follow us on Twitter @LendingTree.