LendingTree Closes! (finance, small business, more expensive, purchasing)

[pghquest]

Originally Posted by Former LTL

I still personally believe this reflects negatively for LendingTree as a whole though it was necessary, and if the market reacts negatively on Monday it is doing so justly.

Totally 100% agree, which pretty much points out why I pushed the issue so much.

The general public does not seperate Lendingtree from Lendingtree LTL, even though legally, they are not connected.

Lendingtree "closing" would of course cause the stock to nosedive (even its parent company), remove any valid reason for an IPO.. a subsidiary of another company, in this instance Lendingtree LTL, going out of business, under normal instances might boost the value of Lendingtree, especially if they were able to pickup the assets on the cheap.

We all agree that these are not normal instances though. The economy in the mortgage industry is upside down, and since both of these companies are "tied together" even if not legally, lendingtree will hold some economic blame. It just wouldnt be so bad as them "closing", becoming the liquidated company.

[Former LTL]

I agree with your post.

Keep in mind though that the final decision to close LTL and HLC was most probably made by executives of LendingTree. I wish that they would release a statement that addresses the layoff. They probably won't until after the exchange opens Monday though. They don't want people going crazy and over-reacting at the end of the fiscal quarter/year.

Originally Posted by pghquest

Totally 100% agree, which pretty much points out why I pushed the issue so much.

The general public does not seperate Lendingtree from Lendingtree LTL, even though legally, they are not connected.

Lendingtree "closing" would of course cause the stock to nosedive (even its parent company), remove any valid reason for an IPO.. a subsidiary of another company, in this instance Lendingtree LTL, going out of business, under normal instances might boost the value of Lendingtree, especially if they were able to pickup the assets on the cheap.

We all agree that these are not normal instances though. The economy in the mortgage industry is upside down, and since both of these companies are "tied together" even if not legally, lendingtree will hold some economic blame. It just wouldnt be so bad as them "closing", becoming the liquidated company.

[Former LTL]

One thing though:

Originally Posted by pghquest

The general public does not seperate Lendingtree from Lendingtree LTL, even though legally, they are not connected.

I believe that legally while they are not the same, legally HLC and LTL are connected to LendingTree. This is evidenced by the fact that LTL's and HLC's net profit/loss is part of LendingTree's (and currently until the split IAC's) net profit/loss. That is clear if you looked at LendingTree's and IAC's earnings statements.

[renriq02]

1. 99.9% of the ppl on the internet don't know the difference btwn LendingTree and LTL loans.
2. Nobody cares if the lead aggregator has been closed as a borrower can apply somewhere else.
3. This post was for those borrowers who have a current application with LTL loans.

I do standby my claims that PGH is RUDE & OBNOXIOUS.

Claiming that I have posted this in another forum, and only have a few posts is IRREVELANT.

My FRIENDS who were working at LendingTree Loans has mentioned this to me. I was just posting this to let others know about it......
I was accused of lying when I'm just the messenger!

[upallnite1977]

Spidey7477....what the heck, are you a manager? The branch closed at 1:40 PM Friday. They kept a few people (maybe a dozen) to ease out the pipeline. The Irvine CA branch is still open. Charlotte LTL is DONE. And now I can move on to bigger and better things.

[renriq02]

You mean you're taking the position at GMAC?

Originally Posted by upallnite1977

Spidey7477....what the heck, are you a manager? The branch closed at 1:40 PM Friday. They kept a few people (maybe a dozen) to ease out the pipeline. The Irvine CA branch is still open. Charlotte LTL is DONE. And now I can move on to bigger and better things.

[upallnite1977]

FORMER LTL...you are an idiot too....HLC is owned by LendingTree LLC, which recently was spun out from under the umbrella of IAC. I was on the team that was the test pilot to see if purchasing a lender was a good idea, I was with LT when IAC purchased them, I was with LT when they were pushed back out, I was with them at 1:40 PM yesterday to hear the wonderful news.

[upallnite1977]

and how do I know they closed? because I don't have a bleeping job! either way, they are in violation of WARN, and I don't have the energy or resources to sue them

[renriq02]

bad day at work huh?

Originally Posted by upallnite1977

and how do I know they closed? because I don't have a bleeping job! either way, they are in violation of WARN, and I don't have the energy or resources to sue them

[upallnite1977]

and former LTL, email me at upallnite1977@yahoo.com. who are you?