Ditech Financial to close South Dakota call center

/by

Mortgage lender Ditech Financial announced it is closing its Rapid City, South Dakota-based call center at the end of next year, leaving more than 450 employees facing layoffs.

FHA pushing to provide foreclosure relief to Puerto Rico, Virgin Islands hurricane victims

/by

The foreclosure moratorium for 2017 hurricane victims in Puerto Rico and the U.S. Virgin Islands whose mortgages are guaranteed by the Federal Housing Administration was due to end this week, but the FHA announced Thursday that it is extending the foreclosure freeze again – for the last time. But that’s not all.

Clear Capital appoints Sheila Ryan chief people officer

/by

Clear Capital, a national fintech company and two-time HousingWire Tech100 award winner, recently announced it appointed Sheila Ryan to the position of chief people officer. The company also announced the addition of 116 new employees this year as part of its expansion efforts.

Inc. Magazine names fastest-growing mortgage companies

/by

Inc. Magazine has announced the winners of its 37th annual Inc. 5000, ranking the nation’s fastest-growing private companies. Several notable names in the housing space made the list this year, earning recognition for their growth over the last three years.

Senate Democrats push CFPB to retain oversight of military lending

/by

Senate Democrats continue to push back against a decision by the CFPB to stop supervising lending made to active duty service members. The bureau recently began making plans to cut back its investigations on lenders that service military members. Now, Senate Democrats are calling on the CFPB to continue its oversight.

Goodbye refi: Rising interest rates all but erase refinance demand

/by

While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. And it appears that the consistent rise in interest rates this year has all but dried up refinance demand. Is it time to say goodbye to refis for a while? It certainly looks that way.

A little less regulation from the CFPB, a little more action from the states

/by

More and more, state regulators are stepping up to fill the void left by the Consumer Financial Protection Bureau. Because of this phenomenon, deregulation at the federal level could actually be creating new (and more complex) compliance challenges, especially for nonbank lenders and servicers that must be licensed in all 51 jurisdictions.

Building a MarTech stack for the digital transformation era

/by

The mortgage industry is racing to catch up to consumer expectations around online commerce – and marketing technology is taking center stage. But at the core, loan officers don’t actually want technology; they want what technology – your marketing tech stack – can do for them.

Senate Banking Committee announces new date for CFPB director vote

/by

After initially postponing its vote on the future director of the Consumer Financial Protection Bureau, the Senate Committee on Banking, Housing and Urban Affairs announced it has rescheduled the vote.

NAA: Multifamily parking ratios lowest since 1960s

/by

Parking ratios for multifamily properties are falling in most metros thanks to urbanization and changing attitudes toward car ownership. According to a study from National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.