George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

The Mortgage Industry May Have a DACA Problem. FHA Says Don't Make Loans to Illegals
July 19, 2018 A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for...

DOJ Repeals Guidance on Mortgage Shopping. Fair Lending Groups Not Happy…
July 18, 2018 Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow...

Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales…
July 16, 2018 NAR fears a major loss in home sales...

Trump Plan Calls for Moving USDA Housing Programs to HUD
July 5, 2018 Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical...

Rising Rates Take a Bite out of FHA Lending
July 2, 2018 Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...

HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September
June 29, 2018 HUD Secretary Ben Carson has acknowledged the importance of FHA condo rules, particularly for millennials…

Carson: HUD is Examining Policies that Go Beyond FHA’s Core Mission
June 28, 2018 In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50...

Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down
June 27, 2018 FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."

As Ginnie’s Book of Business Grows Even Larger, Agency Moves to Ensure Issuer Liquidity
June 22, 2018 The possibility of issuer failure is a continuing concern at Ginnie Mae…

Ginnie Rolls Out New Metric for Monitoring Issuer Performance
June 19, 2018 The announcement follows recent administrative actions against three VA lenders that were penalized for cherry picking and...

Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results