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Home » Authors » George Brooks

Articles by George Brooks

New Report: Over Half of Flawed FHA Loans Were Cured

August 1, 2018
George Brooks
Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable.
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Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers

August 1, 2018
George Brooks and Paul Muolo
A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA...
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USDA to Charge Lenders ‘Tech Fee’ for Use of AU System

July 31, 2018
George Brooks
HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…
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Legislative Roundup: House Reauthorizes NFIP, More Changes to ‘Points and Fees’ Definition

July 26, 2018
George Brooks
The revised definition excludes from points-and-fees any compensation included in the interest rate…
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The Mortgage Industry May Have a DACA Problem. FHA Says Don't Make Loans to Illegals

July 19, 2018
George Brooks
A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”
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DOJ Repeals Guidance on Mortgage Shopping. Fair Lending Groups Not Happy…

July 18, 2018
George Brooks
Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow the rules set forth by the Congress and the President.”
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Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales…

July 16, 2018
George Brooks
NAR fears a major loss in home sales...
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Trump Plan Calls for Moving USDA Housing Programs to HUD

July 5, 2018
George Brooks
Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical FHA or VA homebuyers…
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Rising Rates Take a Bite out of FHA Lending

July 2, 2018
George Brooks
Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...
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HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September

June 29, 2018
George Brooks
HUD Secretary Ben Carson has acknowledged the importance of FHA condo rules, particularly for millennials…
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