George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

HUD Working on MOU to Clarify Use of False Claims Act
November 8, 2018 FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...

QM Patch Expiration Could Shift More High-DTI Loans to FHA
November 7, 2018 Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...

MBA Urges CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition
November 2, 2018 MBA sent the CFPB a letter signed by 250 member firms…

Ginnie Mae to Require Servicer, Credit Ratings for Largest Issuers
October 22, 2018 Ginnie will soon require its largest issuers to secure servicer ratings and, in some cases, credit ratings…

Aging IT Systems a Major Concern for FHA, VA and USDA
October 19, 2018 FHA is running on a 40-year old IT system…

Senate Still has Time to Enact VA ‘Orphan’ Loan Bill
October 9, 2018 The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking...

FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs
October 1, 2018 Appraisal bias remains a primary concern…

MBA Backs User Fee to Fund Tech Upgrades for USDA Program
September 24, 2018 The FHA has proposed a similar user fee but has been denied repeatedly by Congress…

Industry Lauds Passage of Bill to Fix the VA ‘Orphan’ Loan Mess
September 21, 2018 The Zeldin bill passed by a vote of 48-0.

September Issuance of Final FHA Condo Rule Unlikely
September 13, 2018 So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete.

Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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