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Home » Authors » George Brooks

Articles by George Brooks

Short Takes: A Revolving Door for Mortgage CEOs? / The Fight Against an Industry Fee to Help FHA Tech / What is DOS? / Redwood’s Next MBS / SG’s Goal: A Rated Deal / Another New Branch for Castle & Cooke

May 31, 2017
Paul Muolo, George Brooks, and Brandon Ivey
“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.
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MBA, NAR, Others Identify HUD Rules They Would Like to See Changed

May 30, 2017
George Brooks
The Mortgage Bankers Association is seeking clarification of FHA liability standards to entice banks to resume their FHA lending.
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Short Takes: Trump Copies Obama’s FHA Tech-Fee Idea / More Wholesale Lenders? / Home Point Deal Progresses / CHLA Presses for FHA Premium Cut / A New Director at Impac Mortgage

May 25, 2017
Paul Muolo, George Brooks, and Brandon Ivey
When’s the last time a publicly traded mortgage company was sold in a stock transaction?
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VA Explains Characteristics of an ‘Egregious Loan’

May 15, 2017
George Brooks
The VA panel presented several “egregious loan” scenarios involving reviews of several mortgages from 2016 in which lenders were required to sign indemnification agreements.
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BKFS: An 11-Year Low for Mortgage Delinquencies

April 28, 2017
George Brooks
Of the five states with the largest share of non-current mortgages, Mississippi ranked first with 9.70 percent…
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VA Seeks Comment on Cutting Allowable Fees for Vet Home Borrowers

April 27, 2017
George Brooks
The VA Loan Guaranty Service wants to hear from stakeholders…
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The Final Tally on FHA Legal Settlements for 2016: $454 Million

April 19, 2017
George Brooks
The largest civil money penalty imposed by the board was $604,000 as part of a settlement with Ocwen Loan Servicing...
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Ginnie Mae Officials Attribute Decline in VA Refis to Anti-Churning Policy

April 18, 2017
George Brooks
John Getchis, senior vice president at Ginnie Mae, said he does not think the churning trend will continue…
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Banks Still Dominate the FHA Servicing Market. But for How Long?

April 5, 2017
George Brooks
The top five FHA servicers are: Wells Fargo, JPMorgan Chase, Cenlar Federal Savings Bank, U.S. Bank and PennyMac Loan Services.
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Coming May 1: FHA’s New Loan Review System (Defect Taxonomy)

April 4, 2017
George Brooks
The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays…
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