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LendingTree Suit Claims Google Is Getting Into Mortgages

A suit filed on Tuesday by online mortgage company LendingTree relies on a provocative premise: Google is getting into the loan aggregation business. The suit, filed in a Charlotte federal court, is against a company called Mortech, which provides a technology that LendingTree uses to automate lender offer pricing.

Newest Unpleasant Ad Numbers: Mortgage Ads Down 62 Percent

It’s no surprise that financial advertising has slowed down in the first three quarters of 2008. The surprise is that it’s only been a 10 percent reduction, according to Nielsen. But next year will be worse, of course.

WaMu: Epic Bail

Add Washington Mutual to the list of troubled financial institutions felled by the current economic crisis. The lender was seized by federal regulators on Thursday night and sold to JPMorgan Chase for $1.9 billion in the hopes of preventing further damage to the country’s hard-hit economy.

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TW Telecom: Slowdown Spreads, Merriman Downgrades

TW Telecom (TWTC), provider of managed telecom services, indicated in an 8-K filing with the SEC late Monday that weakness in its business appears to be spreading. The company said it is seeing “strong sales, which have increased for the first eight months of the year over the same period last year.”