Where does HUD’s potential reverse mortgage revamp stand?
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
Compass launches referral program for listing agents’ buyer leads
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,
City Lending to shut down amid regulatory strain, market consolidation
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 mon
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