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LendingLife

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loanDepot challenges class-action suit tied to LO comp rules, steering

September 24, 2025 by bp56691
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.”
Categories HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Maryland, Mortgage

CrossCountry Mortgage raises conforming loan limit to $819,000

September 24, 2025 by bp56691
CrossCountry Mortgage raises its conforming loan limit to $819,000, ahead of FHFA’s 2026 limits, to empower prospective homebuyers.
Categories CrossCountry Mortgage, FHFA, Homeownership, HWmember, LendingLife, Mortgage, Origination

Compass-Anywhere deal brings $9B mortgage JVs under one roof

September 23, 2025 by bp56691
Industry leaders see the Compass–Anywhere merger as simplifying the mortgage side of the business, which includes Guaranteed Rate Affinity and OriginPoint.
Categories Anywhere, Compass, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Rate

How will lenders recalibrate as Fed signals path to lower rates?

September 17, 2025 by bp56691
Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle, rolling out rate promotions, streamlining operations and broadening product menus.
Categories Chase, Federal Reserve, HWmember, LendingLife, Monetary Policy, Mortgage, Mortgage Rates, Origination, Refinancing, United Wholesale Mortgage

Union Home Mortgage acquires assets of Sierra Pacific Mortgage: sources

September 16, 2025 by bp56691
Ohio-based Union Home Mortgage Corp. (UHM) has reached an agreement to acquire assets of California-based Sierra Pacific Mortgage Co., sources told HousingWire.
Categories HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Sierra Pacific Mortgage, Union Home Mortgage

Non-QM lender Griffin Funding unveils AI-driven underwriting platform

September 11, 2025 by bp56691
The tool pulls hundreds of pages of program guidelines into a single system and uses AI to deliver answers to loan qualification questions.
Categories Artificial Intelligence, Griffin Funding, HWmember, LendingLife, Loan Officer, Mortgage, Non-QM, Origination, Technology, Underwriting

Optimal Blue: Rate-and-term refis soar 70% in August

September 10, 2025 by bp56691
Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report.
Categories Adjustable-Rate Mortgage, FHA loan, HWmember, LendingLife, Mortgage, Optimal Blue, Origination, Refinancing, VA Loan

Longbridge’s ‘HELOC for Seniors’ is officially on the market

September 8, 2025 by bp56691
Longbridge Financial has officially launched a home equity line of credit (HELOC) that’s designed for homeowners aged 62 and older, offering approval and funding in as little as five business days. 
Categories HELOC, HELOCs, Home Equity, HWmember, LendingLife, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily

Trump signs law banning trigger leads

September 5, 2025 by bp56691
President Donald Trump on Friday signed the Homebuyers Privacy Protection Act (H.R. 2808), establishing a nationwide ban on the abusive use of trigger leads beginning in March 2026.
Categories Donald Trump, HWmember, Lead Generation, LendingLife, Mortgage, Mortgage Bankers Association, NAMB, Origination, Regulatory, Trump Administration

FTC revisits noncompete rules after Biden-era ban blocked

September 4, 2025 by bp56691
The Federal Trade Commission (FTC) on Thursday issued a public request for information on noncompete agreements as it seeks to identify practices it considers “unfair” and “anticompetitive.”
Categories Federal Trade Commission, HWmember, LendingLife, Mortgage, Regulatory, Regulatory Compliance, Trump Administration
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