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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2016
DISCONTINUED OPERATIONS  
Schedule of the aggregate loans sold, subsequent settlements and remaining unsettled loans
The following table represents the aggregate loans sold, subsequent settlements and remaining unsettled loans as of December 31, 2016:
 
Number of Loans
 
Original Issue Balance
 
(in thousands)
 
(in billions)
Loans sold by HLC
234

 
$
38.9

Subsequent settlements
(172
)
 
(28.8
)
Remaining unsettled loans
62

 
$
10.1
Lending Tree Loans  
DISCONTINUED OPERATIONS  
Schedule of revenue and net income of the discontinued operations
The revenue and net (loss) income reported as discontinued operations in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Revenue
$
1,325

 
$
6

 
$
14,256

 
 
 
 
 
 
(Loss) income before income taxes (a)
$
(5,728
)
 
$
(5,047
)
 
$
10,392

Income tax benefit (expense)
2,014

 
1,778

 
(543
)
Net (loss) income
$
(3,714
)
 
$
(3,269
)
 
$
9,849

(a)
Income before income taxes for the year ended December 31, 2014 includes income from a reduction in the loan loss reserve of $14.1 million. See additional information in "Loan Loss Obligations" below.
Schedule of activity related to loss reserves on previously sold loans
The activity related to loss reserves on previously sold loans is as follows (in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Loan loss reserve, beginning of period
$
8,127

 
$
8,750

 
$
28,543

Provision adjustments (a)
(1,323
)
 
—

 
(14,144
)
Charge-offs to reserves
—

 
(623
)
 
(5,649
)
Loan loss reserve, end of period
$
6,804

 
$
8,127

 
$
8,750

(a)
As discussed above, during 2014, LendingTree Loans completed a settlement agreement with the largest investor to which it had sold loans, resulting in an adjustment to the provision. During 2016, the Company adjusted the loan loss reserve by $1.8 million to remove the estimated liability for loans sold to RFC. The Company is in litigation with RFC and reserved the loss for this litigation in the legal reserve. See Note 13—Contingencies for additional information about the RFC litigation.