Trouble for Zillow
Our old friend LendingTree stopped showing up to conferences after agents and brokers clarified that they did not enjoy paying referral fees on their listing content. Now LendingTree has gone on the offensive to block Zillow from continuing their progress on building out their mortgage product. From CNBC.com LendingTree has sued Zillow and three other rivals, accusing them of infringing two patents for methods to help people obtain mortgage loans over the Internet. Adchemy, NexTag and QuinStreet were also named as defendants in the lawsuit filed Wednesday in the federal court in Charlotte, North Carolina. LendingTree, a unit of Tree.com, accused its rivals [...]