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Home » Authors » George Brooks

Articles by George Brooks

Certain FHA Loans Could Fall Into ‘Higher-Priced’ Bucket

May 22, 2013
George Brooks
Thanks to coming changes in FHA’s mortgage insurance premium cancellation policy, investors in the secondary market met avoid these loans.
Read More

New Ginnie Mae Buyout Policy Eliminates Consecutive Lates

May 21, 2013
George Brooks
MBS issuers, under a new proposal, will have greater leeway in buying delinquent mortgages out of Ginnie Mae pools.
Read More

HUD Seeks Authority to Regulate HECM Program Through Mortgagee Letters

May 17, 2013
George Brooks
HUD wants the authority to fix the government's ailing reverse mortgage program.
Read More

FHA Requires Documentation of Certain Downpayment Assistance Funds

May 15, 2013
George Brooks
The Federal Housing Administration has streamlined requirements for permissible sources of downpayment funds, which should be a boost to borrowers using government financing.
Read More

Short Takes: Turn the GSEs Into a Cooperative? / Share Price of Fannie Common Getting Frothy / FHA Finally Gets Some Good News / LPS Launches New Product / Fannie Ready for Modifications

May 15, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?
Read More

Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise…

May 7, 2013
George Brooks and Paul Muolo
The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?
Read More

FHA Originations Fall Slightly in First Quarter

May 6, 2013
George Brooks
Residential lenders produced a total of $63.7 billion in new FHA-insured loans during the quarter, down slightly from the previous quarter.
Read More

Genworth Reports First Profitable Quarter for Mortgage Insurance Unit in Five Years

May 1, 2013
George Brooks
Not only is Genworth's mortgage insurance division in the black again, but it expects to stay profitable.
Read More

FHA Delinquencies Declined 9 Percent in the First Quarter

April 22, 2013
George Brooks
Perhaps, the FHA Mutual Mortgage Insurance fund won't need a bailout after all: In 1Q delinquencies fell by just over 9 percent, according to exclusive figures compiled by Inside Mortgage Finance publications.
Read More

HUD Budget Proposal Faces Stiff GOP Opposition in the House

April 18, 2013
George Brooks
House Republicans were unmoved by pleas from HUD to soften the impact of sequestration and criticized the agency for a lack of commitment to fiscal reform.
Read More
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