A while back, I wrote about a lawsuit brought by an
advertiser on Bankrate.com, one of the most popular
internet sites for mortgage rates. The advertiser sued
other advertisers for offering false and deceptive
rates that could not be honored. (Ultimately, Bankrate
was sued for allowing this practice. Just last week,
they announced a $3,000,0000 settlement, neither
admitting or denying wrongdoing.)

So here's a sequel to this lawsuit - Lending Tree was
just sued. Here's an excerpt from a mortgage industry
publication.

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A recent class action suit filed in Orange County,
California Superior Court alleges that LendingTree
diverts LendingTree.com leads to its subsidiary, which
conducts business under the name LendingTree Loans
without any competition.

The suit further claims that loans originated by
LendingTree Loans are originated at inflated prices,
based on the false representation that competition for
the business has occurred among lenders.