On the Rise: FHA Loan ‘Defects’ December 29, 2016 George Brooks The leading cause of adverse findings was incomplete or missing loan documents... Read More
CFPB Urged to Perform Risk-Based Evaluation on Private-Label Servicing December 21, 2016 George Brooks The private-label and subservicing sectors are dominated by nonbanks…Read More
Fear and Loathing for FHA, VA Stakeholders? December 19, 2016 George Brooks The big question is whether FHA, given the much-improved health of the Mutual Mortgage Insurance Fund, will move to lower premiums again…Read More
FHA Shifts Direct Endorsement Review from Pre-Closing to Post-Closing December 16, 2016 George Brooks A lender applying for direct endorsement authority will be required to submit loan files for FHA’s pre-endorsement review only after closing.Read More
CFPB Issues New Exam Procedures for Reverse Mortgage Servicing December 7, 2016 George Brooks CFPB examiners will review a sample of servicing records for loans transferred within the previous year…Read More
FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate December 7, 2016 George Brooks The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.Read More
Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA December 7, 2016 George Brooks, Brandon Ivey, and Paul Muolo Refi specialists could be in for a word of hurt...Read More
AEI Slams NAR’s First-Time Homebuyer Stats December 5, 2016 George Brooks The National Association of Realtors defended its first-time homebuyer surveys…Read More
HUD Eases FHA Outsourcing Rules. HR Departments in Play? December 5, 2016 George Brooks HUD decided to ease the HR rules in new guidance issued at the end of November...Read More
Allied Home Mortgage on the Hook for $93 Million of Damages in FHA Case December 2, 2016 George Brooks The case against Allied Home Mortgage stemmed from a “whistleblower” action filed in Boston back in 2011.Read More