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Home » Authors » George Brooks

George Brooks

news@imfpubs.com
Articles

ARTICLES

Short Takes: Freddie Could Earn Even More Money / GSE Shareholder Suit Hardly a Surprise / More on EverBank’s Jumbo Deal / HUD Offers Advice on Asking About Disabilities / The Golden State of Mortgage Fraud

June 11, 2013
John Bancroft, George Brooks, Brandon Ivey, and Paul Muolo
Freddie Mac's low activity fee could add more than $2 million to its bottom line.
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Walter Investment to Restate RMC Financials Due to Servicing Errors

June 10, 2013
George Brooks
In a new filing with the SEC, Walter Investment said it discovered that its new reverse subsidiary had failed to record certain servicing errors.
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Short Takes: Here Come the Mortgage Layoffs? / Genworth Sheds Jobs / Bay Equity Liberalizes Underwriting / Wells Fargo Settles with HUD on REO / CFPB-FDIC Meeting Closed to Media

June 6, 2013
George Brooks, Brandon Ivey, Paul Muolo, and Thomas Ressler
Will the nation's megabanks begin shedding mortgage workers if loan applications don't rise soon?
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By Not Allowing for MI Cancellation, FHA Loans Could be Deemed ‘Higher Priced’

June 5, 2013
George Brooks
The FHA said it is working to define a “qualified mortgage” standard that meets the QM criteria under the Dodd-Frank Act, which takes higher priced mortgages into account.
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Short Takes: Rep. Issa Wants Answers on FHA MMI Audit / Mortgage Applications Tumble Again / Subprime MBS to Hit the Market / First Guaranty Mortgage Continues its Expansion / LPS Upgrades Network

June 5, 2013
George Brooks and Paul Muolo
Is a scandal brewing at FHA concerning how it handled the independent audit of the Mutual Mortgage Insurance fund or is it "politics"?
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Texas Agrees to Allow HECM Purchase Mortgages

June 3, 2013
George Brooks
The measure would amend the state constitution to authorize reverse mortgages for purchase of a homestead property in Texas.
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Short Takes: Ginnie Mae Servicing Continues to Rise / Bank Loan Officers in a Quandary / How Low Will Delinquencies Go? / White House Hopeful on Refi Plan / NTC Gets a Kiss of Approval From Kiss

June 3, 2013
George Brooks and Paul Muolo
We continue to hear reports that certain commercial banks are discouraging their residential loan officers to take the state test and get licensed.
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FHA Applicants Must Now Have a Minimum Net Worth of $1 Million

May 29, 2013
George Brooks
According to new FHA rules, no less than 20 percent of a lender’s required net worth must be in the form of liquid assets consisting of cash or an equivalent.
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Ginnie Mae Clarifies What MBS Buyout Policy Change Might Bring

May 23, 2013
George Brooks
Ginnie Mae issuers may buy out mortgage loans that are due but unpaid for four consecutive installments even if the borrower has made partial payments.
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FHA Jumbo Production Picks Up in First Quarter

May 22, 2013
George Brooks
FHA jumbo lenders produced an estimated $5.44 billion in loans over $417,000 during the first three months of the year.
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View All Articles by George Brooks

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