George Brooks

Editor, Inside FHA Lending, Mortgage Market Update

Recent Stories From this Author

Oh Carol! Former FHA Chief’s Plan to Restructure the Government MI Garners Mixed Reviews
January 17, 2018 Galante is a former FHA commissioner who presently serves as faculty director of the Terner Center for Housing Innovation at...

Agencies to Ramp Up Anti-Churning Efforts in 2018
January 11, 2018 Ginnie Mae and the Department of Veterans Affairs have announced additional measures to curb serial refinancing of VA loans....

In the Wake of Program Changes, HECM Lending Declines in 3Q17
January 9, 2018 The origination of reverse mortgages fell by 7.3 percent on a sequential basis in the third quarter of 2017 in the wake of...

Notwithstanding Efforts to Resolve FCA Issue, Lenders Remain at Risk
January 3, 2018 Aggressive FCA enforcement and steep settlement amounts have caused some banks to exit from the FHA market.

Correspondent Channel Gains Market Share in Government-Insured Mortgage Market
December 27, 2017 Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and...

FHA to Update FHA Connection for New HMDA Data, Eventually
December 26, 2017 Certain temporary modifications have been made to allow lenders to submit demographic information if the currently available...

Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure
December 18, 2017 Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…

Senate Vote on FHA Nominee Could Come Before Yearend
December 12, 2017 If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new...

VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed
December 11, 2017 USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.

FHA Unveils New Loan Limits for 2018
December 8, 2017 FHA regulations currently do not allow HECM loan limits to vary by metropolitan statistical area or county…

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.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%