IAC, New York, has separated itself into five publicly traded companies, one of which is named after and includes LendingTree, an online mortgage lender and realty services exchange based in Charlotte, N.C."LendingTree, obviously under pressure from the macro real estate and mortgage environment, is nevertheless a valuable asset with a great brand and will be freed to participate fully with its own currency," IAC said. C.D. Davies will continue to serve as chief executive officer of the new LendingTree, a company that RealEstate.com, Domania, GetSmart, Home Loan Center, and iNest also will be part of. Bret Violette will continue to serve as president of RealEstate.com. IAC can be found on the Web at http://www.iac.com, and LendingTree can be found at http://www.lendingtree.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
2h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
4h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
5h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
7h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
7h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18