In a deal touted as giving lender customers greater access to consumers, Charlotte, N.C.-based LendingTree has announced the completion of its acquisition of former competitor GetSmart.com and the GetSmart brand from Providian Financial Corp.Terms of the deal were not disclosed. LendingTree said it will continue to maintain relationships with more than 100 lenders participating in the GetSmart exchange and will offer the GetSmart platform to the more than 200 lenders currently on the LendingTree exchange. LendingTree was acquired in August 2003 by IAC/InterActiveCorp, formerly USA Interactive. LendingTree facilitates loans to consumers, including home mortgage, home equity, automobile, personal, debt consolidation, and credit cards. IAC/InterActiveCorp consists of LendingTree and businesses such as Expedia Inc., Hotels.com, Ticketmaster, and Citysearch, among others. The companies can be found online at http://www.lendingtree.com, http://www.getsmart.com, and http://www.providian.com.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24 -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24