Industry News

Sagging mortgage market weighs on LendingTree

IAC's Q1 earnings up overall, but lending unit lags
Published on May 3, 2007

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by CareyBot

IAC/Interactive Corp. today reported growth in first-quarter earnings, but the media conglomerate felt the weight of a slowing housing and mortgage market on its LendingTree unit. Overall, IAC saw a 32 percent growth in net income to $62.1 million over ...