Jul 31, 2008
Exotic loans. FHA loans. Lending Tree can play both sides.
31 Jul 2008
Posted by VAR
Via HousingWatch we learn that Lending Tree is now offering consumers the ability to shop for FHA-backed loans on their site. Some industry insiders say it’s an “interesting shift” that the mortgage lead generating service has taken, as the company gained notoriety in some circles for allegedly helping to lure unsuspecting consumers into so-called exploding ARMs during the height of the housing boom.
I actually used Lending Tree along with BankRate.com to compare loans several years ago. I had good experiences with both sites.
What say you, REALTORS®? How does this strike you?