Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums… November 15, 2018 George Brooks and Paul Muolo The fund's value has improved, but FHA premiums will not be cut...Read More
HUD Working on MOU to Clarify Use of False Claims Act November 8, 2018 George Brooks FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...Read More
QM Patch Expiration Could Shift More High-DTI Loans to FHA November 7, 2018 George Brooks Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...Read More
MBA Urges CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition November 2, 2018 George Brooks MBA sent the CFPB a letter signed by 250 member firms…Read More
Ginnie Mae to Require Servicer, Credit Ratings for Largest Issuers October 22, 2018 George Brooks Ginnie will soon require its largest issuers to secure servicer ratings and, in some cases, credit ratings…Read More
Aging IT Systems a Major Concern for FHA, VA and USDA October 19, 2018 George Brooks FHA is running on a 40-year old IT system…Read More
Senate Still has Time to Enact VA ‘Orphan’ Loan Bill October 9, 2018 George Brooks The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…Read More
FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs October 1, 2018 George Brooks Appraisal bias remains a primary concern…Read More
MBA Backs User Fee to Fund Tech Upgrades for USDA Program September 24, 2018 George Brooks The FHA has proposed a similar user fee but has been denied repeatedly by Congress…Read More
Industry Lauds Passage of Bill to Fix the VA ‘Orphan’ Loan Mess September 21, 2018 George Brooks The Zeldin bill passed by a vote of 48-0.Read More