Priceline.com Expands Mortgage Service

Priceline.com Inc., the “name-your-own-price” Internet commerce firm, said it has retooled and expanded its home mortgage service, which is expected to generate $1 billion in loans this year. The Norwalk, Conn.-based company said its PricelineMortgage service, which guarantees rate points and closing costs, is being launched across the United States. It had been test-marketed in Florida and New York City since late last year. Priceline shares gained $1 to close at $88 on Nasdaq.