News - The Chong Miller Group, LLC

News

Lower mortgage rates are stabilizing the housing market

Bond yields and mortgage rates have been falling since the weaker inflation data was released. We're on the verge of rates dropping below 6%....

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....

How LOs get into a real estate agent’s circle

“That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, said. “The lender and LO can make or break the transaction.”...