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Home » Authors » George Brooks

Articles by George Brooks

And the Beat Goes On: VA, MBA Continue Work on Finding a Solution to Aggressive VA Refis

April 3, 2017
George Brooks
Pete Mills of MBA said the revised policy was intended to “take some of the economics out” of serial refinancing…
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VA Considering Stronger Measures to Stop Early Solicitation of Purchase Loans for Refis

March 23, 2017
George Brooks
There have been scattered reports that some lenders and brokers are still chasing quick-turn refis aided by secondary market investors offering to buy and securitize those loans.
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HECM Production Stumbles a Bit in 2016

March 22, 2017
George Brooks
Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…
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USDA Securitization Rose in 2016; Chase Led the Sector, but…

March 21, 2017
George Brooks
Although JPMorgan/Chase was the market leader, it is now mostly out of the sector…
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Serial Rapid Refinancing on VA Loans Continues. Is There a Cure?

March 20, 2017
George Brooks
MBA’s Pete Mills noted there are a handful of lenders and brokers that specialize in quick-turn refis…
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Industry Groups Call for Changes to National Flood Insurance Program

March 15, 2017
George Brooks
The Mortgage Bankers Association this week urged Congress to support two bills that would make major changes to the National Flood Insurance Program, including clarification that would make private flood insurance acceptable to mortgage lenders....
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A Booming Market for USDA Mortgages

March 8, 2017
George Brooks
The Guaranteed Rural Housing Loan initiative is the largest of the USDA’s single-family housing programs.
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Ginnie Mae Issuance Takes a Tumble in February

March 6, 2017
George Brooks
Just three depositories ranked among the top 15 issuers for February…
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Senate Confirms Ben Carson as New HUD Secretary. Next Up: FHA Commissioner…

March 2, 2017
George Brooks
Now that Carson is official, it's time to pick an FHA commissioner...
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An ‘Alt’ Theory Emerges on the Spike in FHA Delinquencies. MSR Transfers the Culprit?

February 23, 2017
George Brooks
Higher FHA delinquencies may have been caused by administrative mistakes…
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