Mortgage compliance challenges affect 60% of lenders

Amid a new administration and new lending rules entering the arena, 60% of organizations say they are struggling to keep systems aligned with evolving federal and state rules. That’s according to new survey findings from Carleton, a provider of compliant loan calculation and disclosure solutions. Th
Read MoreCompass-Anywhere deal brings $9B mortgage JVs under one roof

If Compass’s proposed acquisition of Anywhere Real Estate moves forward, the companies will jointly oversee a $9 billion-per-year mortgage operation in partnership with Rate — enough to make them the 26th-largest U.S. originator in the first half of 2025. On Monday, Compass and Anywhere announced a
Read MoreSmartfi Home Loans shutters retail division

San Diego-based Smartfi Home Loans, a top 15 U.S. reverse mortgage lender, recently made the decision to close its retail division and place an “exclusive focus” on its wholesale channel, the company confirmed Tuesday with HousingWire’s Reverse Mortgage Daily. The move was officially announced Sept.
Read MoreNAR faces new Whittman antitrust suit over membership structure

The National Association of Realtors (NAR) may have been dismissed from two lawsuits related to its three-way membership agreement, but that didn’t stop William Whittman from filing his own suit on Friday. Whittman, who is a licensed broker in Maryland, D.C. and Virginia, is suing NAR, Virginia Real
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