George Brooks

HECM Lending Spiked in 4Q, but Down for the Year

March 9, 2015

George Brooks

Reverse volume leader American Advisors Group funded $2.0 billion in 2014, giving it a market share of 14.7 percent.

Ginnie Mae Facing Accounting Restatement Thanks to TBW Mess

March 4, 2015

George Brooks

Ginnie is currently managing TBW’s FHA portfolio and hopes to sell its Ginnie servicing rights sometime this year.

Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

February 26, 2015

George Brooks, Paul Muolo, and Thomas Ressler

Although Walter Investment Management lost a ton of dough in 2014, it sees brighter days ahead...

Ginnie Servicing Rights Top $1.5 Trillion but Growth Slows

February 25, 2015

George Brooks

PennyMac Loan Services, the only nonbank to rank among the top five, had one of the strongest growth rates with 56.7 percent.

HUD Pushing for Authority to Force Servicers to Use Subs for High-Touch Product

February 25, 2015

George Brooks

Last year, House appropriators turned down a request that would have allowed the FHA to charge a fee of 2 to 4 basis points to lenders prospectively...

VA to Issue Final ‘Qualified Mortgage’ Rule in May

February 23, 2015

George Brooks

Total points and fees may not exceed 3 percent of the total loan amount for loans of $100,000 or more.

Short Takes: A Nice Bump for Ocwen’s Share Price / Will Ocwen Unload Non-Agency MSRs Too? / CashCall’s Non-QM Loan / Fidelity Grows Revenues 21 Percent

February 23, 2015

George Brooks, Brandon Ivey, and Paul Muolo

In case you’re wondering, Ocwen services roughly $208 billion of non-agency product.

VA Loan Production on a Tear in 4Q, But Agency Light on Details

February 19, 2015

George Brooks

John Bell, assistant director for loan policy at the VA Home Loan Guaranty Service, said VA streamline refinancings rose 18 percent year over year...

HUD Delays HECM Financial Assessment Requirement

February 19, 2015

George Brooks

Issued in November of last year, the requirement was slated to apply to all HECM mortgages with case numbers issued on or after March 2, 2015.

M&T Faces Lending Discrimination Charges in New York

February 13, 2015

George Brooks

The Fair Housing Justice Center accused M&T Bank of violating the Fair Housing Act by offering higher loan amounts to white borrowers and allowing more flexible criteria...

Articles by George Brooks

HECM Lending Spiked in 4Q, but Down for the Year

Ginnie Mae Facing Accounting Restatement Thanks to TBW Mess

Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

Ginnie Servicing Rights Top $1.5 Trillion but Growth Slows

HUD Pushing for Authority to Force Servicers to Use Subs for High-Touch Product

VA to Issue Final ‘Qualified Mortgage’ Rule in May

Short Takes: A Nice Bump for Ocwen’s Share Price / Will Ocwen Unload Non-Agency MSRs Too? / CashCall’s Non-QM Loan / Fidelity Grows Revenues 21 Percent

VA Loan Production on a Tear in 4Q, But Agency Light on Details

HUD Delays HECM Financial Assessment Requirement

M&T Faces Lending Discrimination Charges in New York

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Featured Data

Refinance Volume in GSE MBS Jumps in October

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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?