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Home » Authors » George Brooks

George Brooks

news@imfpubs.com
Articles

ARTICLES

Low Rates Fueled Strong FHA Demand in 3Q19

December 6, 2019
George Brooks

Borrower demand for FHA-insured loans was strong in the third quarter due to low interest rates. Not surprisingly, refinance activity, streamline refinancing in particular, provided the boost.


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FHA Announces Loan Limit Increases for Forwards, HECMs

December 6, 2019
George Brooks

The 2020 loan limits show a 5.4% increase in most counties. However, 11 counties saw their loan limits decrease by double digits.


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Short Takes: A Boom in Broker Hiring / A Peak Share of 20%? / The FSOC Report, Not So Bad? / Natural Disasters and Insurance Premiums

December 6, 2019
Paul Muolo and George Brooks

Scott Olson said CHLA is urging state and local regulators not to over-react to the FSOC report...


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USDA Seeks to Improve Direct Home Loan Program

December 6, 2019
George Brooks

Proposed changes to the Section 502 Direct Home Loan and Grant Program would improve flexibility and make the DHLGP accessible to more low- and very-low-income rural borrowers.


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HUD's 2020 Priorities: DPA, Disparate Impact

December 6, 2019
George Brooks

Issues regarding downpayment assistance programs will be addressed in a proposed rulemaking in January 2020.


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MBA Weighs In on Enforcement of VA Refi Requirements

December 6, 2019
George Brooks

MBA blamed ambiguous regulatory language and inaccurate staff guidance for a compliance mess involving thousands of VA refinance loans.


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VA’s Top Lawyer Sets Precedent on Refunding VA Funding Fees

December 6, 2019
George Brooks

The Office of General Counsel's opinion clarifies the circumstances under which it would reimburse exempt veterans who were improperly charged a funding fee.


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Around the Industry

December 6, 2019
George Brooks

VA Issues Guidance on Appraisals, Use of Third-Party Information

December 6, 2019
George Brooks

Implementing a provision in the Blue Water Navy Vietnam Veterans Act, the guidance would allow a VA fee-panel appraiser to provide property valuation based solely on information provided by an entity with which it has a service agreement.


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When Conforming Loan Limits Increase, FHA is Soon to Follow

December 5, 2019
George Brooks

Alaska, Hawaii, Guam and the U.S. Virgin Islands have a higher ceiling due to above-normal construction costs. In 2020, their ceiling will be at $1.148 million...


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View All Articles by George Brooks

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