LendingTree Inc., Charlotte, N.C., has acquired HomeLoanCenter.com, an Internet direct mortgage lender based in Irvine, Calif.The terms of the deal were not disclosed. The transaction is expected to close within 90 to 120 days. "This acquisition will help us increase our profit per customer, have greater input over the consumer experience, more efficiently cross-sell our offering, and gain market share," said LendingTree founder and chief executive officer Doug Lebda. HLC founder and CEO Anthony Hsieh called the deal "a win for consumers" and, along with company president Tomo Yebisu, he will remain with the company. LendingTree can be found on the Web at http://www.lendingtree.com.
-
The newest addition to the Panorama group of companies aims at offering opportunities to first-time home buyers through wholesale and correspondent channels.
10h ago -
The government-sponsored enterprise has reportedly added a new vendor to a test in which it buys certain loans without title insurance or attorney opinion letters.
10h ago -
Federal Reserve Gov. Christopher Waller said that criticisms of the Fed's balance sheet and calls to return to a scarce reserves system are misinformed, saying that much of the central bank's balance sheet is the result of activities outside the Fed's control.
10h ago -
Several large banks are deploying agentic AI. There's a big difference between managing people and managing AI agents.
July 10 -
The New Hampshire congresswoman promised new investigations into scam drivers, including AI and digital payment platforms.
July 10 -
The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
July 10