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Home » Authors » George Brooks

Articles by George Brooks

Carson: HUD is Examining Policies that Go Beyond FHA’s Core Mission

June 28, 2018
George Brooks
In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50 percent, up from 20 percent from the same period last year.
Read More

Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down

June 27, 2018
George Brooks, Carisa Chappell, and Paul Muolo
FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."
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As Ginnie’s Book of Business Grows Even Larger, Agency Moves to Ensure Issuer Liquidity

June 22, 2018
George Brooks
The possibility of issuer failure is a continuing concern at Ginnie Mae…
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Ginnie Rolls Out New Metric for Monitoring Issuer Performance

June 19, 2018
George Brooks
The announcement follows recent administrative actions against three VA lenders that were penalized for cherry picking and refinancing unseasoned loans…
Read More

HECM Originations Spiked in 1Q18. (That’s Not a Misprint)

June 18, 2018
George Brooks
Reverse production increased 18.5 percent when measured against 1Q17.
Read More

Despite Production Decline, FTHB Market Expected to Remain Robust

June 5, 2018
George Brooks
The number of first-time homebuyers has increased 50 percent over four years…
Read More

Senate Confirms Montgomery as FHA Commissioner, Industry Braces for Changes

May 24, 2018
George Brooks and Brandon Ivey
Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, said Montgomery should “right size” the FHA.
Read More

Caliber Home Loans Unveils Unique Financing Backed by Ginnie MSRs

May 18, 2018
George Brooks
Caliber Home Loans has announced pricing of a uniquely structured private offering of secured term notes backed by Ginnie Mae mortgage servicing rights and excess servicing spreads.
Read More

Ginnie Mae Reinstates Nations Lending Following Talks on Loan Churning

May 8, 2018
George Brooks
Nations Lending was reinstated by Ginnie Mae after reaching a confidential agreement…
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Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses

April 26, 2018
George Brooks
Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago.
Read More
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