George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO
April 19, 2018 There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service –...

What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows
April 13, 2018 Now comes the big question: How many more MB Financials are out there?

GNMA Chief Confident Agency Will Win Back Investors
April 10, 2018 Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating...

For Ginnie Mae, a 'Line out the Door' of Potential Risk-Sharing Partners
April 5, 2018 There appears to be a long line of counterparties willing to work with Ginnie…

Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief
April 5, 2018 Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.

Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans
March 29, 2018 The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

Financing Flips: Flippin’ Good Volumes Last Year
March 29, 2018 Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.

USDA Continues Pilot Program that Uses Alternative Loan Limits
March 28, 2018 Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.

Surprise: A Good Year for HECMs, Production Up 23 Percent in 2017
March 27, 2018 The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…

HUD Needs $500M to Modernize FHA’s IT System
March 23, 2018 Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert...

Poll

What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.

35%

I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.

14%

Not bad, but he needs to take his time making additional changes.

12%

We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

39%