TITLE

Tree.com Reports Narrower 3Q Loss

AUTHOR(S)
Terris, Harry
PUB. DATE
November 2009
SOURCE
American Banker;11/2/2009, Vol. 174 Issue 198, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses 2009 third quarter losses as reported by the mortgage bank and lead generator Tree.com Inc. Unexpected legal costs resulting from a suit against Mortech Inc., in addition to an over four million dollar increase in the provision for loan losses, prevented the company from breaking even at the end of the quarter. As a result, Tree.com stock prices fell by 68 cents per share.
ACCESSION #
44923229

 

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