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

Anywhere, Compass, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Rate /

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 definitive all-stock merger agreement that values Anywhere at $10 […]

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Mortgage demand dips over holiday but keeps yearly momentum

HWmember, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Mortgage Rates Center, Origination, Rate /

Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday. But economists and loan officers say the year-to-date landscape looks much better. “Mortgage applications decreased over the week,

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Reverse mortgage veteran Dino Guadagnino joins Guaranteed Rate Affinity as regional VP

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Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrowers it serves,” the company stated. Guadagnino most recently served as

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Rate’s Jesse Allen on the progress of a reverse mortgage revamp

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In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division

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