Tree.com Receives Final Payment from Discover for Home Loan Center, Inc. Transaction

Tree.com, Inc.

announced today that a subsidiary of Discover Financial Services

has paid the final $10 million of the purchase price from the sale of substantially all of the operating assets of the Home Loan Center, Inc. business. The total purchase price was $55.9 million. The transaction closed on June 6, 2012. (Logo: http://photos.prnewswire.com/prnh/20110518/MM04466LOGO) "We're excited to fully complete this transaction which also signifies our full transition to a focused performance marketing company," said Doug Lebda, chairman and CEO of Tree.com. "The additional cash received improves our already favorable cash position."