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Home » Authors » George Brooks

Articles by George Brooks

Short Takes: Increased FHLB Advance Business/Promontory Hires Ex-SEC Chief/Grassley Bids For Independent CFPB IG/Fewer Complain to FTC About Mortgage Foreclosure Relief Services

April 2, 2013
George Brooks, Brandon Ivey, Thomas Ressler, and Charles Wisniowski
The outstanding carrying value advances for the 12 Federal Home Loan Banks increased during 2012 as the demand for advances showed signs of regional stabilization and certain FHLBank members increased their use of advances, according to the recent annual report by the FHLBank Office of Finance.
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Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken

March 28, 2013
George Brooks and Paul Muolo
Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.
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FHA Coverage Spikes in January, Wells and Quicken Lead the Pack

March 27, 2013
George Brooks
Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.
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Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance

March 26, 2013
George Brooks, Paul Muolo, and Thomas Ressler
Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.
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Industry Expresses Support for Legislative Modification on Definition of Points, Fees

March 22, 2013
George Brooks
The Mortgage Bankers Association and other industry trade groups are backing bipartisan legislation that would modify the definition of points and fees in the 'ability-to-repay' and QM rules.
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Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

March 14, 2013
George Brooks and Paul Muolo
Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.
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HUD Union Challenges Sequestration, 9,000 Workers Would Lose Pay

March 13, 2013
George Brooks
Roughly 9,000 HUD/FHA workers could lose pay under federal sequestration.
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Supreme Court Opinion May Ultimately Limit MBS Damages

March 12, 2013
George Brooks
A new Supreme Court opinion may force the SEC to speed up its investigation of certain MBS fraud cases.
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Short Takes: Mortgage Master Top Lender in Massachusetts? / Nationstar Mortgage Executives Selling Shares / Help Save the FHA Multifamily Program

March 12, 2013
George Brooks and Paul Muolo
Is privately held nonbank Mortgage Master the Big Kahuna of residential lending in Massachusetts?
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Short Takes: Fannie Selling $250 Million of NPLs? / Vericrest Names New CEO / Consumers Get a ‘Free Lunch’ of Lower Rates / LLPAs Not Going Away Soon

March 7, 2013
George Brooks, Paul Muolo, Thomas Ressler, and Charles Wisniowski
Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.
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