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Home » Authors » George Brooks

George Brooks

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Articles

ARTICLES

FHA Condo Lending Declines; Trade Groups Push for Action on Legislation

July 6, 2016
George Brooks and Paul Muolo
The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…
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VA Production on the Rise in 1Q16; Streamlined Refis Lead the Way

July 5, 2016
George Brooks
USAA ranked first in VA loan production with Freedom Mortgage a close second...
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HUD to NPL Investors: The First Thing You Need to Do is Consider a Principal Reduction

July 1, 2016
George Brooks and Paul Muolo
As Tim Rood of The Collingwood Group noted: An investor can buy a mortgage at 65 cents on the dollar, “notify the borrower they are eligible for a note mod down to 80 cents on the dollar and voila!”
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FHA Should Set Criteria for Pricing, MI Executive Says

June 28, 2016
George Brooks
Exclusive data compiled by Inside Mortgage Finance show the FHA’s share of the primary MI market was 39.9 percent in the first quarter of 2016, compared to 33.5 percent in the first quarter of last year.
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VA Streamlined Refis Soared in the First Quarter

June 24, 2016
George Brooks
Outreach and lender-education efforts by industry groups, such as the National Association of Realtors and the National Association of Home Builders, have boosted refis as well...
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VA Originations Top $103 Billion Through First Eight Months of FY 2016

June 23, 2016
George Brooks
VA reported that it’s encouraged to see more millennial veterans using the program…
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Reverse Lending Rises 7.7 Percent in 1Q16; Nonbanks Continue to Dominate the Sector

June 21, 2016
George Brooks
American Advisors Group remained as the alpha dog of the reverse lending pack, producing $525.7 billion in HECMs during the first quarter…
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USDA Securitizations Off in 1Q16; (Departing) JPM the Top Issuer

June 20, 2016
George Brooks
Roughly $3.9 billion of mortgages with a USDA guarantee were securitized during the first three months of 2016, with the top five issuers accounting for almost 52 percent of that amount…
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Lenders Face Higher Maximum Penalties for Mortgage ‘Violations’

June 17, 2016
George Brooks
The Consumer Financial Protection Bureau this week issued an interim final rule showing an 8.5 percent increase in the maximum civil penalties it can obtain for various consumer protection violations…
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HUD, First Citizens Bank & Trust Resolve Fair Lending Complaint Prompted by 2010 HMDA Data

June 9, 2016
George Brooks
The settlement agreement stemmed from a complaint filed by the Department of Housing and Urban Development against First Citizens Bank and Trust Co. in 2011 after an analysis of 2010 Home Mortgage Disclosure Act data.
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