Industry NewsTechnology

LendingTree revenue flat

Closed loan and real estate transactions rise to $8.5 billion in second quarter
Published on Aug 3, 2004

Barry Diller's multimedia juggernaut InterActiveCorp reported a surge in the volume of loan and real estate transactions closed, from $6.7 billion in the first quarter of the year to $8.5 billion in the second quarter. And the number of closed transactions rose from 64,900 in the first quarter to 73,000 in the second quarter of the year, the company reported in its second-quarter earnings statement. But the volume of loan and real estate transactions closed by InterActiveCorp companies dropped 16 percent from the second quarter of 2003 to the second quarter of this year, falling from $10.2 billion to $8.5 billion, and the number of transmitted loan and real estate requests fell 19 percent in that time, from 733,600 to 597,600, the company also reported. InterActiveCorp's holdings include home-shopping, ticket, travel, lodging, dating, and mortgage and real estate-related businesses, and the company reported overall revenue growth from $1.47 billion in the first quarter of this year to ...

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