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Home » Authors » George Brooks

George Brooks

news@imfpubs.com
Articles

ARTICLES

Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure

December 18, 2017
George Brooks
Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…
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Senate Vote on FHA Nominee Could Come Before Yearend

December 12, 2017
George Brooks
If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…
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VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed

December 11, 2017
George Brooks
USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.
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FHA Unveils New Loan Limits for 2018

December 8, 2017
George Brooks
FHA regulations currently do not allow HECM loan limits to vary by metropolitan statistical area or county…
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FHA to Halt Insuring Mortgages on Homes with PACE Assessments

December 8, 2017
George Brooks
The PACE decision follows last month’s release of the annual audit of the Mutual Mortgage Insurance Fund, which showed a decline in economic value…
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VA and CFPB Issue Warning on Aggressive Refi Solicitations

November 30, 2017
George Brooks
Acting Ginnie Mae president Michael Bright said the task force is examining critical issues, important data and lender behaviors related to refinancing loans…
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Ginnie Mae Acting President Warns: Lenders Could be Kicked out of the Program for ‘Churning’

November 30, 2017
George Brooks
For lenders that produce pools with inexplicably fast prepayment speeds, removal from the program is not out of the question, said Ginnie Mae's Michael Bright...
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Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job

November 29, 2017
George Brooks and Paul Muolo
Come Jan. 1, rates may spike thanks to zero GSE capital...
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Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio

November 27, 2017
George Brooks
Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.
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Flagstar Rolls Out Zero-Down Product With Closing Cost Assistance

November 21, 2017
George Brooks
Qualified borrowers need not worry about repaying the closing-cost amount, Flagstar said...
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View All Articles by George Brooks

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