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Home » Authors » George Brooks

Articles by George Brooks

Proposed FY 2017 U.S. Budget Estimates a $9.1 Billion Profit for FHA

February 10, 2016
George Brooks
Now, for the obvious question: With greater profits coming, will HUD allow FHA to cut premiums?
Read More

Short Takes: Everything’s Coming Up Blackstone / Odds Increase for an FHA Premium Cut? / Volatile Rates a GSE Problem? / U.S. Bank No Longer Facing Servicing Restrictions / Correction on Redwood Numbers

February 10, 2016
George Brooks, Brandon Ivey, and Paul Muolo
Falling rates are great for the mortgage industry, right? Yes and no...
Read More

Short Takes: Margin Calls May Pose a Risk to Nonbanks? / Who Thought Rates Would Go This Low? / FHA Subject to ‘Black Swans’ / HUD, Philadelphia and the X-Files / FHA Condo Financing Relief on the Way?

February 9, 2016
George Brooks and Paul Muolo
In its new annual budget, the White House declares that the FHA mutual mortgage insurance fund is vulnerable to “Black Swans...”
Read More

FHA Extends Due-and-Payable Notices on Problem HECM Loans

February 3, 2016
George Brooks
The extended deadline also provides mortgage companies an opportunity to pursue loss mitigation before initiating foreclosure against a customer.
Read More

Short Takes: Selling Your Mortgage Firm? Be Prepared to Stick Around / What do Mortgage CEOs Earn Each Year? / The Falling Yield on the 10-Year / First Tennessee Settles with Uncle Sam / LenderLive Hires Ex-Impac Official

February 2, 2016
George Brooks and Paul Muolo
Earnings are high at most nonbank lenders these days, which makes them attractive to investors...
Read More

MBA, Others Push for Development of Private Flood Insurance Market

January 22, 2016
George Brooks
An ugly reality for land owners, mortgage lenders and others: the National Flood Insurance Program is currently $23 billion in debt and in dire need of reform.
Read More

FHA Loans Not Immune From the TRID-Anxiety Plague

January 20, 2016
George Brooks
Although the issues cited by lenders are not FHA issues per se, some firms are concerned that TRID-related uncertainties may cause problems for their FHA business...
Read More

AmeriHome the Fastest- Growing Ginnie Issuer at 982 Percent

January 19, 2016
George Brooks
A huge factor in the record-setting year was the 115.5 percent surge in refinance loans securitized in Ginnie MBS.
Read More

JPM Continues to Dominate (By Far) as a Securitizer of USDA Loans

January 6, 2016
George Brooks
Chase’s nine-month USDA volume translated into a 31.0 percent market share.
Read More

Ginnie Mae Pools Likely to See Rising Share of VA Collateral This Year

January 5, 2016
George Brooks
Overall, Ginnie securitization of FHA and VA purchase loans increased by 37.7 percent and 37.9 percent, respectively, during the third quarter, according to Inside Mortgage Finance’s database.
Read More
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