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Home » Authors » George Brooks

Articles by George Brooks

Navy Fed Sets Record in March as Originations Surpass $1 Billion

April 9, 2015
George Brooks
Strong purchase lending to military personnel and first-time homebuyers allowed Navy Federal Credit Union to exceed the $1 billion mark in March, the best month in the credit union’s history.
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Appointment of Ed Golding to FHA Chief Raises Eyebrows on Capitol Hill

April 6, 2015
George Brooks
Moreover, it is unclear how much enforcement power Edward Golding can wield.
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Zacks Goes Against the Grain and Downgrades MGIC

April 2, 2015
George Brooks
Zacks Investment Research downgraded MGIC Investment Corp. by two notches...
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Short Takes: Fannie’s First NPL Sale Draws Near? / Former Subprime Executives Stage a Comeback / Golden First Settles with FHA for $36 Million / BofA Top Seller to Freddie

April 2, 2015
George Brooks and Paul Muolo
According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.
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VA Originations Continue to Impress, Up Almost 18 Percent in Fourth Quarter

March 27, 2015
George Brooks
Total VA volume for the entire year was $112.0 billion in purchase and refinance loans.
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FHA Insurance More Costly Than Private MI: WalletHub

March 17, 2015
George Brooks
The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...
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Sen. Reed: FHA Servicing Transfer Authority Might Be in Appropriations Package

March 12, 2015
George Brooks
HUD is seeking authority for the FHA to require, in certain instances, institutions with less expertise in servicing to hand off that function to a specialized servicer...
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Short Takes: Trade Group Wants G-Fees Cut Now / As for Fannie & Freddie Legislation… / What Does Ocwen Do With All That Cash? / Maine Republican Worries about MMIF

March 12, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Most people who are not in straight-jackets believe the chances of GSE reform by 2016 are pretty much zero. Just in case you were wondering and needed a reminder…
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FHA Lending Down Slightly in January; Quicken Out-Funds Wells Again

March 11, 2015
George Brooks
Universal American Mortgage posted the highest FHA growth rate at 161 percent...
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Supreme Court Rules in Favor of Loan Officers in Overtime Pay Case

March 10, 2015
George Brooks
The Supreme Court ruling could cost mortgage bankers a bundle in terms of overtime pay. Or maybe not...
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