LendingTree plans to lay off 440 workers -WSJ

NEW YORK, May 14 (Reuters) - IAC/InterActiveCorp's (IACI.O) online mortgage broker LendingTree is laying off 440 workers, or about a fifth of its staff, the Wall Street Journal reported on its Web site on Monday.

A representative for LendingTree, which is contending with declines in the U.S. housing market, could not immediately be reached.

But the Journal cited spokeswoman Rebecca Anderson as saying the company needs to get costs in line "with the current realities in the market."