Nearly two months after three federal housing agencies wrapped up an extended public comment period about the future of two federal reverse mortgage programs, industry stakeholders are waiting to learn what they’ll do next. In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae announced a […]
HUD reverse mortgage changes remain unclear Read More »
Compass, the brokerage owned by Compass International Holdings, has launched a new program it says will help agents generate passive income while retaining control over how they manage their business. On Friday, the brokerage launched its Listing Agent Lead and Referral Program. Under this program, every Compass real estate agent maintains their contact information on
Compass launches referral program for listing agents’ buyer leads Read More »
Virginia-based mortgage lender City Lending Inc. is winding down operations as regulatory burdens and ongoing industry consolidation weigh on independent mortgage banks, according to founder and CEO Jorge Campodonico. The lender originated approximately $232 million in mortgages over the past 12 months — most of it through Federal Housing Administration (FHA), conventional and purchase loans
City Lending closes amid regulatory and market headwinds Read More »