George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

Weak 4Q Purchase Lending Shrinks FHA/VA Output
February 19, 2019 Among the top-15 FHA direct lenders in 2018, not one was a bank...

Federal Court in California Certifies LO Class Action Case Against Wells Fargo
February 19, 2019 Wells Fargo also is accused of not paying loan officers for “non-sales” work…

SIFMA Wants Changes to VA Cash-Out Interim Rule
February 18, 2019 SIFMA noted that while Ginnie’s actions to curb abusive refinancing have been helpful, they have not solved the problem…

Ginnie Mae Approved Only 8 New Issuers in 2018
February 13, 2019 Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…

MBA Issues Primer for Smooth LIBOR Transition
February 8, 2019 MBA wants lenders to act early on issues identified in the primer to ensure transition to a new benchmark rate is as seamless...

NAR Calls for Release of FHA Condo Rules
February 5, 2019 NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive...

Ginnie Imposes Pooling Restrictions on loanDepot, Reinstates Freedom Mortgage
January 31, 2019 The pooling restriction on loanDepot is effective for Feb. 1, 2019...

Plan Afoot to Reintroduce VA ‘Orphan’ Loan Legislation
January 29, 2019 The Protect Affordable Mortgages for Veterans Act of 2018 was passed by the House via a voice vote on Sept. 26 and then sent...

NAR Calls on USDA to Process Rural Housing Loans During Shutdown
January 25, 2019 In a series of recent emails, the NAR requested RHS to assign staff to process loan applications...

The Final Ginnie Mae Issue Tally for 2018: $388 Billion
January 8, 2019 Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…

Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%