George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

MBA Calls for Changes to FHA’s Loan Review System
November 15, 2017 Lenders have complained about misleading and confusing labels when self-reporting loan defects…

FHA MMIF Audit Expected to Show Positive Results. As for an MIP Cut, Don’t Bet on It
November 13, 2017 Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...

A New Option Emerges: Downpayment ‘Protection’ for the Homebuyer
November 9, 2017 A spokesman described the new product as “an additional feature not unlike private mortgage insurance” although he refuses to...

Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns
November 1, 2017 Look for another reverse mortgage lender to hit the auction block...

Ginnie Mae Task Force Mulls Cures for Rapid Refis
October 31, 2017 Aggressive refinancing now occurs immediately after the six-month window has expired, as some of the activity may have shifted...

FHA Nominee (and ex-FHA Commissioner) Montgomery: Time For Us to Treat Lenders Like Partners
October 26, 2017 FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I...

CoreLogic Lands HUD Contract for FHA Work
October 25, 2017 CoreLogic also will provide fair-market list prices to HUD…

HUD Chief Carson: Use of FCA Under Review, but Bad Actors Will be Held Accountable
October 24, 2017 Secretary Carson warned, however, that HUD will continue to hold bad actors accountable for faulty lending practices…

HUD Secretary Ben Carson Open to Excising HECMs from the MMIF
October 13, 2017 Rep. Heck said he will ask the GAO to study and recommend options for improving the reverse-mortgage program, including...

Houston Court Drives Final Nail into Allied’s Coffin, Imposes Total Damages of $293 Million
September 20, 2017 The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in...

Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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