LendingTree Executive Joins Charlotte Housing Trust Fund

Released  March 27, 2007
By Megan Greuling

CHARLOTTE, N.C., March 27, 2007 – LendingTree, LLC Senior Vice President Drew Jones has been appointed by Charlotte City Council to the Charlotte Housing Trust Fund Advisory Board.

“I’m a true believer that everyone in our community deserves a place to call home,” says Mr. Jones. “I’m honored to be a part of the Housing Trust Fund Advisory Board and look forward to having an active role in making housing available and affordable for all Charlotteans.”

Established by the Charlotte City Council in 2001, the Charlotte Housing Trust Fund was created to provide financing for affordable housing in the Charlotte community. The Advisory Board oversees operations of the Housing Trust Fund and develops policies to further develop and underwrite new housing opportunities for citizens in the area.

Since inception, the Housing Trust Fund has allocated more than $47 million in grants and loans to develop more than 2,556 units for affordable housing. Of that, 1,503 were for people earning less than 30 percent of the area median income, or less than $19,230. These increases make Charlotte more affordable for pre-school teachers, health-care aides, and workers in hospitality, retail and emergency services.

About LendingTree, LLC

LendingTree, LLC is the nation’s number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 20 million loan requests and $152 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via www.lendingtree.com and 800-555-TREE.

Launched in 1998 with headquarters in Charlotte, North Carolina, LendingTree, LLC is part of IAC Financial Services and Real Estate, an operating company of IAC (NASDAQ: IACI), which also owns or operates LendingTree Loans sm, LendingTree Settlement Services, LLC, GetSmart®, RealEstate.comsm, Domania®, and iNest Realty, Inc.