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Home » Authors » George Brooks

Articles by George Brooks

FHA Plans to Make Loan-Sale Program Permanent

May 10, 2019
George Brooks

FHA is seeking public comment on a proposed rulemaking as it looks to make permanent its long-running single-family loan sale program.


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Ginnie Mae Mulling Changes to MBS Pool Eligibility

May 9, 2019
George Brooks

The agency is considering possible changes to the current criteria for delivering mortgages into multi-issuer mortgage-backed securities pools, including restricting VA cash-out refinance loans.


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Industry Groups Urge Congress to Extend NFIP

May 9, 2019
George Brooks

Housing and financial services groups are calling upon Congress to reauthorize the National Flood Insurance Program, which is set to expire on May 31.


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Ginnie Mae Seeks Feedback on Potential Changes to Pooling Criteria

May 3, 2019
George Brooks

Ginnie Mae is seeking public comment about the impact of potential changes to its loan-pooling guidelines.


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Specter of Rising Rates for CRE Debt Subsides

May 2, 2019
George Brooks

The specter of rising interest rates for commercial real estate debt subsided in the first quarter even as the credit quality of new commercial MBS remained stable, Moody's said.


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Ginnie Issues First SOFR-Indexed Security in a REMIC

May 2, 2019
George Brooks

Ginnie Mae has issued its first-ever security indexed to the Secured Overnight Financing Rate, the leading candidate to replace the decades-old London Interbank Offered Rate. The agency expects more SOFR-indexed issuance in the future.


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FHA Performance Smooth, But Some Old Issues Linger

May 1, 2019
George Brooks

A roundtable discussion hosted by the CHLA found the FHA mortgage insurance program performing smoothly, though old, unresolved issues lingered.


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HUD Delays Implementation of Controversial DPA Policy

May 1, 2019
George Brooks

Faced with a lawsuit from a tribal housing-finance agency, HUD has delayed implementation of a new policy regarding downpayment assistance programs for at least 90 days.


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AEI Blames FHA Volume Decline on TOTAL. MBA Says Pinto Is Wrong

May 1, 2019
George Brooks

However, the Mortgage Bankers Association disagrees with Pinto’s findings...


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Quicken Clarifies: Despite a Court-Appointed Mediator, It Has No Plans to Settle FCA Case

April 29, 2019
George Brooks

Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”


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