News - The Chong Miller Group, LLC

News

CFPB to be lenient on enforcing changes from 2020 HMDA Final Rule

The CFPB recognizes financial institutions affected by this change may need time to implement changes in the closed-end loan reporting threshold....

Lower mortgage rates stabilize the housing market

Bond yields and mortgage rates have been falling since weaker inflation data was released, which is stabilizing the housing market. We're on the verge of r...

Doma cuts workforce by 40% as part of its ‘reduction plan’

Doma said it expects to incur between $9 million and $10 million in employment-related charges, including expenditures for employee benefits, salary contin...

After margin call, EPM stopped paying Jesse Iwuji Motorsports sponsorship: lawsuit

Jesse Iwuji Motorsports filed a lawsuit against Equity Prime Mortgage (EPM) for allegedly failing to make more than $4 million in sponsorship payments afte...

LOs, mortgage rates and the long, cold winter ahead

Despite a recent decline in mortgage rates, the housing market is still nowhere near normal and volume will remain low for the foreseeable future....

Fannie Mae changes underwriting to help ‘credit invisible’ borrowers

Fannie Mae said the goal is to provide "more comprehensive view into a borrower’s financial health that can help enhance the credit assessment as part of...

Broker group calls on FHFA to spike upcoming cash-out refi fee

The chorus of mortgage brokers who are calling on the FHFA to remove a targeted cash-out refinance fee is growing louder....

Path Software launches new TPO capability

Calyx launched a new third-party origination (TPO) functionality for Path Software called Path TPO, the company announced Tuesday....