September Issuance of Final FHA Condo Rule Unlikely September 13, 2018 George Brooks So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete.Read More
HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead? September 10, 2018 George Brooks Analysts blamed the reduction in volume on the new lower Principal Limit Factors...Read More
In July, FHA Delinquencies Dropped Ever So Slightly August 31, 2018 George Brooks At the end of July, mortgage bankers serviced 7.9 million FHA loans. Wells Fargo ranked first with a market share of 19.2 percent.Read More
What’s Going on with the FHA’s ‘Defect Taxonomy’? Answer: Not Much August 30, 2018 George Brooks Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…Read More
Surprise: Quicken Rolls Out Private Sector Reverse Mortgage August 15, 2018 George Brooks Funding for Quicken's new reverse mortgage will come from securitization… Read More
VA Doesn’t Like Bill that Would Increase Costs on Vet Home Loans August 14, 2018 George Brooks Both the VA and residential originators believe the fee increase would be used to cover expanded health-care benefits…Read More
VA Production Spikes 30.2 Percent, Thanks to Strong Purchase Lending August 13, 2018 George Brooks However, VA refi business struggled in the second quarter with production falling 7.0 percent…Read More
Industry Seeks Update from Banking Regulators on Basel, Tier I Capital and MSRs August 8, 2018 George Brooks At the very least, the MBA wants a timeframe from the regulators…Read More
Treasury Backs Major Tech Developments for Mortgage Industry, Clarity on FCA Claims August 2, 2018 John Bancroft and George Brooks A new Treasury report backs Trump administration proposals to fund FHA technology upgrades…Read More
Senate Lawmakers Consider Proposal to Increase VA Home Loan Fees August 2, 2018 George Brooks It's unclear whether the proposed increase in VA home loan fees would be used to fund an expected increase in veteran health-care costs…Read More