ADVISORY/MortgageSelect.com and LendingTree, Inc. Announcement at MBA Technology Conference

Business Wire, March 23, 2000

Business Editors

ADVISORY...For Thursday (March 23)

--(BUSINESS WIRE)

Who: MortgageSelect.com (www.mortgageselect.com), LendingTrees'
     highest volume mortgage closer and the Internet-based subsidiary
     of American Home Mortgage Holdings (NASDAQ: AHMH), one of
     America's top ten Internet mortgage bankers, and LendingTree,
     Inc., a leading Internet-based loan marketplace for consumers and
     lenders

What: A joint press announcement from MortgageSelect.com and Lending
      Tree, Inc.

Where: MBA Mortgage Technology Conference
       MortgageSelect.com's Booth (no.212)
       New Orleans, La.

When: Thursday
      March 23, 2000
      at 12:00 P.M. C.S.T.

MortgageSelect.com, launched in the first quarter of 1999, is the Internet-based subsidiary of American Home Mortgage Holdings (NASDAQ: AHMH) and the number one online mortgage originator in terms of closed loan ratio. Located in New York, American Home Mortgage is one of the nation's largest Mortgage Banking firms with more than 700 employees.

Of the top ten Internet mortgage origination services, MortgageSelect.com is the only one focusing on the real estate purchase market. Eighty percent of the firm's business volume comes through purchase mortgages rather than refinancing.

Because mortgages for home purchases typically close in a timely way, the company's specialization stabilizes its income stream. Refinancing mortgage companies, on the other hand, often find their closings delayed - and their incomes diminished - when rising interest rates persuade borrowers to forego or delay closing their refinancing loans.

Like a mortgage broker, MortgageSelect.com offers customers the ability to compare thousands of mortgage programs and rates from hundreds of the nation's leading wholesale lenders. As a mortgage banker MortgageSelect.com can also directly lock-in, accept and fund any loan program a customer selects.

LendingTree (NASDAQ: TREE) is the Internet-based loan marketplace for consumers and lenders. Using a simple and powerful consumer proposition, "When Banks Compete, You Win," the company collects consumer credit requests and compares those requests and related credit information to the underwriting criteria of more than 100 participating lenders in the LendingTree lender network. Consumers can receive multiple offers in response to a single loan request and then compare, review, and accept the loan offer that best suits their needs. Lenders can generate new business that meets their specific underwriting criteria at reduced acquisition costs. The LendingTree marketplace encompasses most consumer credit categories, including mortgages, home equity loans, automobile loans, credit cards, and personal loans.