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Lending Tree Pres. Sold $8.88m in shares-July 5
LendingTree, Inc. (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings.
The Company's online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans,
home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit-based offerings.
The Company offers its products in categories, including mortgage products and non-mortgage products. Its mortgage products category includes its purchase and refinance products.
Its non-mortgage products include lending products and other products.
Number of employees : 535 people.
https://www.marketscreener.com/LENDINGTREE-INC-20234970/company/
https://www.secform4.com/insider-trading/1434621.htm
LendingTree, is America’s largest online lending marketplace. It connects borrowers with multiple lenders so they can find the best deals on loans, credit cards, deposit accounts, insurance and more.
LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products. Founded in 1996 and launched nationally two years later, the company is headquartered in Charlotte,
North Carolina with offices in the San Francisco Bay Area, New York City, Chicago, Seattle and others.
LendingTree went through a successful IPO on February 15, 2000.
In May 2003, LendingTree, LLC was acquired by IAC/InterActiveCorp, former owner of Ticketmaster, Home Shopping Network and current owner of Match.com. In 2004, LendingTree acquired HomeLoanCenter.com and formed LendingTree Loans.
After 5 years, LendingTree spun off from IAC to join newly established Tree.com, Inc. Tree.com was the parent company of several brands and businesses in the financial services and real estate industries including LendingTree.com;
GetSmart.com; DegreeTree.com; LendingTreeAutos.com; and DoneRight.com.
In 2015 LendingTree disassembled the Tree.com umbrella to focus on its core brand, LendingTree, which now incorporates Business Loans, Personal Loans, Debt Consolidation, Free Credit Scores, and Student Loans
along with its core mortgage products Home Loans, Mortgage Refinance, and Home Equity.
In June 2016, LendingTree kicked off a streak of several corporate development deals with the acquisition of SimpleTuition, a company in the student loans space.
Subsequent acquisitions include CompareCards (2016),
DepositAccounts.com (2017), MagnifyMoney (2017), SnapCap (2017), Student Loan Hero (2018), QuoteWizard (2018), and ValuePenguin (2018).
In November 2016, LendingTree announced plans to invest $47 million and double the employee base of its Charlotte headquarters over the following five years. The online lender's corporate expansion would create 314 jobs during that time span.
https://en.wikipedia.org/wiki/LendingTree
Las Vegas Real Estate in June: Sales down 11% YoY, Inventory up 89% YoY
This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities.
The Greater Las Vegas Association of Realtors reported Local home prices increase slightly after three-month holding pattern, GLVAR housing statistics for June 2019
Local home prices broke out of a three-month holding pattern to post a slight increase during June, according to a report released Tuesday by the Greater Las Vegas Association of REALTORS® (GLVAR).
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The total number of existing local homes, condos and town-homes sold during June was 3,626. Compared to one year ago, June sales were down 11.1% for homes and down 12.0% for condos and townhomes.
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At the current sales pace, Carpenter said Southern Nevada still has less than a three-month supply of homes available for sale. While the local housing supply is up from one year ago, she said it’s still below what would normally be considered a balanced market.
By the end of June, GLVAR reported 7,815 single-family homes listed for sale without any sort of offer. That’s up 80.3% from one year ago.
For condos and townhomes, the 1,937 properties listed without offers in June represented a 135.6% jump from one year ago.
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The number of so-called distressed sales remains near historically low levels. GLVAR reported that short sales and foreclosures combined accounted for just 2.2% of all existing local property sales in June. That compares to 2.6% of all sales one year ago and 6.3% two years ago.
1) Overall sales were down 11.3% year-over-year to 3,626 in June 2019.
2) Active inventory (single-family and condos) is up sharply from a year ago, from a total of 5,157 in June 2018 to 9,752 in June 2019. Note: Total inventory was up 89% year-over-year. This is a significant increase in inventory, although months-of-supply is still somewhat low.
3) Low level of distressed sales.
https://www.calculatedriskblog.com/2019/07/las-vegas-real-estate-in-june-sales.html