CHARLOTTE, N.C., Jan. 12, 2012 /PRNewswire/ -- Tree.com, Inc. (Nasdaq: TREE) today announced that it has added a new $100 million mortgage warehouse line at its LendingTree Loans mortgage operation in Irvine, CA. The new facility is made available by Credit Suisse First Boston Mortgage Capital LLC ("CSFB") and has a term running through the earlier of January 4, 2013, or forty-five days after the closing of the sale of LendingTree Loans (doing business
as Home Loan Center, Inc.). This new facility will be used to fund consumer residential loans that are held for sale and will be secured by such loans.
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Doug Lebda, Chairman and CEO of Tree.com stated, "We are very pleased to announce that we have added a new $100 million warehouse line at LendingTree Loans, allowing for increased capacity, greater financial stability and flexibility for the Home Loan Center operation. This is the second $100M line we have added in the last 90 days and further supports Home Loan Center's financial strength. "
About Tree.com, Inc.
Tree.com, Inc. (NASDAQ: TREE) is the parent of several brands and businesses that provide information, tools, advice, products and services for critical transactions in our customers' lives. Tree.com, Inc. is the parent company of wholly owned operating subsidiaries: LendingTree, LLC and Home Loan Center, Inc., which does business as LendingTree Loans. Our family of brands includes: LendingTree.com®, LendingTree Loans, DegreeTree.com, LendingTreeAutos.com, ServiceTree.com, and InsuranceTree.com. These brands
serve as an ally for consumers who are looking to comparison shop for loans, real estate and other services from multiple businesses and professionals who will compete for their business.
Tree.com, Inc. is headquartered in Charlotte, N.C. and maintains operations solely in the United States. For more information, please visit www.tree.com.
SOURCE Tree.com, Inc.
