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Mortgage

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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

Mortgage compliance challenges affect 60% of lenders

September 23, 2025 by bp56691
Carleton survey reveals 60% of organizations struggle with mortgage compliance challenges while two-thirds face monthly loan payment discrepancies.
Categories Compliance, HWmember, Lenders, Mortgage, Regulatory, Regulatory Compliance, Technology, Underwriting

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

Property tax, mortgage relief package introduced by Ohio lawmakers

September 22, 2025 by bp56691
Senate Bill 255 would allow qualifying homeowners to apply for up to $3,000 per year in grants to help cover monthly housing costs.
Categories Affordability, Homeownership, HWmember, Mortgage, Ohio, Property Tax, Real Estate

Sun Belt leads sales volume but posts nation’s lowest absorption rate

September 22, 2025 by bp56691
Housing market efficiency varies dramatically by region with Sun Belt showing lowest absorption rate despite highest sales volume.
Categories Arizona, Artificial Intelligence, Atlanta, Boston, California, Dallas, Florida, Georgia, Housing Market, Houston, Los Angeles, Miami, Mortgage, New York, New York City, Phoenix, Pittsburgh, Real Estate, San Francisco, Seattle, Texas, West Coast

Katie Sweeney, AIME lawsuit escalates as broker group files counterclaims

September 22, 2025 by bp56691
Katie Sweeney lawsuit against AIME seeks $280,000 in unpaid compensation while the mortgage broker association counters with allegations of misconduct.
Categories AIME, HWmember, Lawsuit, Legal, Mortgage, Mortgage Broker, Rocket Companies

Tech Pulse: Real estate referral landscape; new e-sign tool

September 19, 2025 by bp56691
Real estate agents are navigating a shifting lead-gen landscape — balancing referrals, paid portals like Zillow, and tech tools such as CRMs.
Categories Artificial Intelligence, Homebuying, HWmember, Lenders, Mortgage, Real Estate, Technology, Wire Fraud, Zillow

Groundfloor Lending expands leadership team

September 17, 2025 by bp56691
The recent appointments of Patrick Donoghue as vice president and general manager, Kendall Bazan as vice president of revenue, and Andrew Hurd as vice president of risk mark the next chapter for Groundfloor Lending as it matures into a standalone brand under the Groundfloor umbrella.
Categories HWmember, Lenders, Mortgage, Origination, People Movers, Team Leaders

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
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