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,
Read MoreCity 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
Read MoreSingle credit bureau pulls: Look before you leap

The conversation around credit reports in mortgage lending has taken a recent turn. Faced with spiraling mortgage origination costs and continued affordability challenges for homebuyers, policymakers and industry leaders understandably are searching for ways to reduce friction and cut costs in the m
Read MoreWeekly pending home sales back to year-over-year growth as we head into spring
Weekly pending home sales, which had shown year-over-year growth up until the late-January snowstorm, got back on track with year-over-year growth again last week. One thing to remember about our weekly pending sales data: it takes about 30-60 days to be reflected in the existing home sales data, so
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