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Home » Authors » George Brooks

Articles by George Brooks

HUD Extends Comment Period on Key Issue of ‘Certifications’

September 1, 2015
George Brooks
Some in the industry, including the MBA, feel the certification language lacks clarity...
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Get Ready: G-Fees Will Rise for USDA Home Loan Program

August 26, 2015
George Brooks
Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.
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Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
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Goldman Sachs, Deutsche Bank Settle Ongoing MBS Lawsuits

August 21, 2015
George Brooks
Two more long-running legacy MBS lawsuits were resolved last week after defendants Goldman Sachs and Deutsche Bank separately agreed to settle with plaintiffs.
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FHA Enhances Lender Performance Assessment with Supplemental Performance Metric

August 18, 2015
George Brooks
The metric will assess lender performance based on the lender’s default rate within three credit-score bands and compare it to an FHA target rate, rather than to the lender’s peers.
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Neighborhood Watch Remains ‘Dark’ as HUD Grapples for a Fix

August 14, 2015
George Brooks
HUD said it has been “working aggressively” with its web contractor, which it did not identify, to restore the system.
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Short Takes: Neighborhood Watch Program Goes Down Without Explanation / Compass Point Repeats ‘Sell’ Rating on Walter / DeMarco Stresses Data Standardization / Houlihan Lokey Prepares IPO / Wolters Gets Ready for HMDA Changes / Carrington Hires PennyMac E

August 13, 2015
George Brooks, Carisa Chappell, and Paul Muolo
HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public
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Lenders Crank Out a Record $39.7 Billion of VA Mortgages in Fiscal 3Q

August 13, 2015
John Bancroft, George Brooks, and Paul Muolo
Some lenders, such as PennyMac, have promoted the no-downpayment feature in their media advertisements.
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Short Takes: Subprime Lender Expands Into NC / Altisource Hopes to Repurchase Stock / Invitation Sells Homes in Bulk to… / New Applications Just About Flat / Wells’ Mortgage Chief Heid to Retire / Legal Costs for VA Foreclosures

August 12, 2015
George Brooks and Paul Muolo
This just in: Wells Fargo mortgage chief Mike Heid to step down...
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VA Securitization Gains in 2Q, but FHA Really Takes Off

August 11, 2015
George Brooks
Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.
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