George Brooks

An internal watchdog audit alleges that the Department of Housing and Urban Development has been auctioning distressed notes to investors with no formal guidance or procedures in place.

Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot

July 19, 2017

George Brooks, Brandon Ivey, and Paul Muolo

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

VRM Wins 10-Year Contract to Oversee REO, Service VA Loans

July 10, 2017

George Brooks

The deal was negotiated from a previous five-year contract that was awarded to VRM…

A Growing Fear: Using the False Claims Act to Punish Mortgage Servicers

June 29, 2017

George Brooks

Over the past 18 months or so, the DOJ has expanded FCA use to reverse mortgages and loan servicing, according to attorneys Phil Schulman and Kristie Kully…

Articles by George Brooks

The Final Tally for 2Q17: FHA Lending Up, VA Production Down

With No Ginnie Mae President on Board, Annual Summit Moved to January 2018

Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay

Industry Groups Urge Lawmakers to Support Acceptability of Private Flood Insurance

MRB Suspends Lender’s Authority to Originate, Service FHA Loans

Short Takes: Arbitration Rule Gets Whacked/ Peirce Named to SEC (Again)/ Cordray to Ohio (?)

IG: HUD Note Sales Program Operating With No Formal Procedures

Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot

VRM Wins 10-Year Contract to Oversee REO, Service VA Loans

A Growing Fear: Using the False Claims Act to Punish Mortgage Servicers

Latest Imf News

MSR Investors Face Uncertainty on Prepayments

Government-Insured Lending Rises During 3Q

Rithm Releases $400+ Million MSR Securitization

GSEs, FHLBanks Partner to Boost Housing in Tribal Lands

Featured Data

Another Strong Quarter for Non-Agency MBS Issuance

Ginnie Refi Business Again Posts Solid Gains in October

GSE CRT Up Modestly, Investors Show Strong Demand

Ginnie Loan Removals Spike in 3Q24, VA Activity Leads

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?