LendingTree Borrower Health Report: US Borrowers are Improving Financial Health

   LendingTree Borrower Health Report: US Borrowers are Improving Financial

PR Newswire

CHARLOTTE, N.C., Aug. 21, 2013

CHARLOTTE, N.C., Aug. 21, 2013 /PRNewswire/ -- LendingTree, the nation's
leading online source for competitive loan offers, has developed a report to
analyze the financial health of prospective borrowers, ranking each state
according to borrower health. The borrower health score is based on a
100-point scale and is calculated by using a weighted average of credit score,
loan-to-value ratio [LTV] and overall lendability of mortgage-seekers in each
state for the second quarter of 2013.

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Washington, D.C., New Jersey, Hawaii, Massachusetts and California lead the
nation with the healthiest prospective borrowers, all with scores above 90.
The average LTV ratios and credit scores for the top five states are below.

State LTV Ratio Avg. Credit Score
DC    85.30%    689
NJ    83.90%    679
HI    87.70%    677
MA    85.60%    676
CA    85.60%    679

"It is encouraging to see a shift towards more responsible borrowing. Higher
credit scores and improved LTVs are a sign that borrowers are working to
improve their financial health," said Doug Lebda, LendingTree founder and CEO.
"As the housing market bounces back, credit is becoming more accessible,
making it easier for consumers to qualify for mortgages. But consumers still
need to monitor their credit scores and understand their financial situations
when looking to purchase a home in order to qualify for the lowest rates and
maintain long-term financial health."

Since last year, prospective borrowers have increased average credit scores by
more than 10 points and have reduced average loan-to-value ratios by 1.6
percent, improving the likelihood of qualifying for a home loan. Between Q1
2013 to Q2 2013, average credit scores for prospective borrowers increased in
41 states and average loan-to value ratios for prospective borrowers declined
in 43 states.

For a full ranking and the infograph in PDF versions, please visit the
following links:
Data ranking:

About LendingTree, LLC

LendingTree, LLC is the nation's leading online source for competitive home
loan offers, empowering consumers during the mortgage, refinance or auto loan
process. LendingTree provides an online marketplace which connects consumers
with multiple lenders that compete for their business, as well as an array of
online tools and information to help consumers find the best loan. Since
inception, LendingTree has facilitated more than 30 million loan requests and
$214 billion in closed loan transactions. LendingTree provides access to
lenders offering mortgages and refinance loans, home equity loans/lines of
credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ:
TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join
our Facebook page and/or follow us on Twitter @LendingTree.

Megan Greuling
(704) 943-8208

SOURCE LendingTree, LLC

Website: http://www.lendingtree.com
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