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Home » Authors » George Brooks

Articles by George Brooks

Securitization of Rural Multifamily Loans in Limbo

February 20, 2020
George Brooks
Thousands of rural multifamily property rehabilitation loans are stuck in the pipeline due an abrupt change in the U.S. Department of Agriculture’s subordination policy.
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Enough Policy Guidance on False Claims Act?

February 20, 2020
George Brooks
A top Justice Department official says there is no need for providing more policy guidance regarding the appropriate use of the False Claims Act.
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Clarity on ‘Auto-Dialer’ Needed

February 20, 2020
George Brooks
Mortgage service providers are seeking a clarification from the Federal Communications Commission on the definition of an “automatic telephone dialing system” in light of differing court interpretations.
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Policy Guidance Sufficient on FHA and FCA?

February 20, 2020
George Brooks

A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…


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Low Savings, High Debt Hits Millennials’ Homeownership

February 14, 2020
George Brooks
A new survey finds millennials’ path to homeownership strewn with such obstacles as debt, little to no savings and unaffordable home prices. But this age cohort is willing to do anything to own a home.
Read More

Radian Issues Latest Insurance-Linked Note Deal

February 13, 2020
George Brooks
Radian Guaranty brings $488 million mortgage insurance-linked note deal to market, the second for 2020.
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HUD 2021 Budget: Funding For Most Programs Down

February 13, 2020
George Brooks
FHA and Ginnie Mae sought the same discretionary funding levels as last year in the Trump administration’s proposed budget for 2021 released this week.
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Ginnie in New Round of Risks Talks with Nonbanks

February 10, 2020
George Brooks

Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor.


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JPMorgan Chase Signals Desire to Reenter FHA Market

February 7, 2020
George Brooks
The bank is considering reentering the FHA market, which it fled in 2014 due to tougher regulations and onerous monetary penalties for violating lending rules. The exit of large banks allowed nonbanks to establish a foothold and the correspondent market to flourish in the FHA space.
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Analysts Optimistic on FHFA Capital, Liquidity Proposals

February 7, 2020
George Brooks
The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs.
Read More
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