Tree.com Extends PNC Bank Mortgage Warehouse Line
December 29, 2009 (FinancialWire) — Tree.com, Inc. (NASDAQ: TREE) said it has entered into a limited extension of its $50mm mortgage warehouse line at its LendingTree Loans operation in Irvine, CA.
PNC Bank had previously announced that it was exiting the warehouse business and existing warehouse lines would expire at the end of their current terms. The facility had an original term running through December 29, 2009 and is now available for funding newly originated Agency and FHA loans through March 31, 2010.
Tree.com, Inc. (NASDAQ: TREE) is the parent of several brands and businesses in the financial services and real estate industries
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