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Home » Authors » George Brooks

Articles by George Brooks

The Sequester Effect: FHA Services Will Slow

February 28, 2013
George Brooks
FHA staff could be furloughed if the federal sequester happens Thursday night.
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New Report: Kill GSEs, Limit US Support for Mortgages

February 25, 2013
George Brooks and Paul Muolo
A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.
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Short Takes: FHA Chief Worries About Pricing Borrowers Out of the Market / Fortress Has Plenty of Cash to Spend on MSRs / Former Freddie Executive Key Player in Cerberus REIT / New Penn Hires Correspondent Chief / Fay Servicing Who?

February 13, 2013
George Brooks and Paul Muolo
Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.
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FHA to Track HFA Sources of Downpayment Assistance

February 6, 2013
George Brooks
The Federal Housing Administration is cracking down on down payment assistance programs, tracking the source of gift money.
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Former Ginnie Mae Chief Says Despite Setbacks, HECMs Will Thrive

February 1, 2013
George Brooks
Despite the bad press and the elimination of the standard fixed-rate reverse mortgage product from the Home Equity Conversion Mortgage program, reverse mortgages will continue to thrive simply because people grow old, former Ginnie Mae chief Joe Murin told Inside FHA Lending.
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HUD Warns About Loan Officers Sitting in on HECM Counseling

February 1, 2013
George Brooks
HUD is investigating reports that a loan officer of an approved FHA lender had participated in a reverse mortgage borrower’s counseling session, a practice HUD frowns upon.
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Originations Hit Two-Year High

February 1, 2013
John Bancroft, George Brooks, and Paul Muolo
Residential production increased modestly during the fourth quarter of 2012, according to a new Inside Mortgage Finance ranking and analysis.
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FHA Chief Galante Warns Against False Advertising

February 1, 2013
George Brooks
FHA chief warns against false advertising.
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FHA Mum On When New Premium Hikes Will Go Into Effect

February 1, 2013
George Brooks
HUD mid-week unveiled mortgage insurance premium hikes but is holding off on telling the industry when, exactly, the increases will go into effect.
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FHA Chief Wants Tougher Underwriting, Higher Downpayments on Jumbos

January 30, 2013
George Brooks
Sen. Bob Corker, R-TN, a key member of the Senate Banking Committee, has secured a commitment from Acting FHA Commissioner Carol Galante to toughen agency rules to put the insurance fund on a sounder financial footing.
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