Tree.com Inc. of Charlotte said Monday that it has obtained a limited extension of its $50 million mortgage warehouse line at its LendingTree Loans operation in Irvine, Calif.
Its provider, PNC Financial Services Group Inc. of Pittsburgh, had previously announced that it was getting out of the warehouse business, and that existing warehouse lines would expire at the end of their current terms.
The facility had an original term running through Dec. 29 and is now available for funding newly originated conforming and Federal Housing Administration loans through March 31, 2010, Tree.com said.
