George Brooks

Houston Court Drives Final Nail into Allied’s Coffin, Imposes Total Damages of $293 Million

September 20, 2017

The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in Houston.

HECM Production Up Almost 26 Percent in First Half of 2017

September 18, 2017

George Brooks

Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…

A Growing Problem: VA ‘Rapid’ Refis

September 18, 2017

George Brooks

Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…

Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

September 18, 2017

George Brooks, Brandon Ivey, and Paul Muolo

The FHA nominee had been a Radian director since 2012…

CHLA Underscores Importance of Nonbanks

September 14, 2017

George Brooks

Nonbank lenders rely on their own capital and on warehouse loans to fund loans, rather than federally insured deposits...

FHA Extends Interim Rules for Condo Project Approval

September 6, 2017

George Brooks

Spot-condo approvals would require property recertification every three years…

Mortgage Reinsurance Market Shows Great Promise, but Risks Abound

September 1, 2017

George Brooks

Reinsurers coming late to the feast might find slimmer pickings as pricing continues to tighten in the sector…

New HECM Underwriting Changes Could Reduce Program Volume by 20 Percent

August 31, 2017

George Brooks

During a press briefing with the media this week, HUD officials estimated there are roughly 24 million seniors with untapped equity in their homes…

Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

August 24, 2017

George Brooks

Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...

Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM

August 22, 2017

George Brooks, Carisa Chappell, and Paul Muolo

A fast grower, Guild Mortgage is open to buying other shops...

Articles by George Brooks

Houston Court Drives Final Nail into Allied’s Coffin, Imposes Total Damages of $293 Million

HECM Production Up Almost 26 Percent in First Half of 2017

A Growing Problem: VA ‘Rapid’ Refis

Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

CHLA Underscores Importance of Nonbanks

FHA Extends Interim Rules for Condo Project Approval

Mortgage Reinsurance Market Shows Great Promise, but Risks Abound

New HECM Underwriting Changes Could Reduce Program Volume by 20 Percent

Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM

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