M&T in Talks With Feds Over GSE and FHA Underwriting Practices August 10, 2015 George Brooks The bank said it is cooperating with the two investigations, which could result in treble damages under The False Claims Act.Read More
AIG Secures Indemnity Reinsurance for $300 Million MI-Backed Bond August 6, 2015 George Brooks The AIG transaction, which would transfer risk from UGI to investors, resembles previous bond deals executed by Radian and MGIC.Read More
Court Ruling Opens Old Issues: Is the CFPB Constitutional? Is Cordray Legal? July 31, 2015 George Brooks Stop the office renovations? The CFPB may be unconstitutional after all...Read More
Castle & Cooke Has Big Plans for Government Lending July 27, 2015 George Brooks Recently the company opened a new branch office in Anaheim, CA, bringing to 38 the number of C&C branch offices across the nation.Read More
Wells Fargo Moves Forward in False Claims Case Filed by the HUD IG July 24, 2015 George Brooks Wells has denied the allegations and maintains that, as a direct endorsement lender, it has complied with FHA requirements.Read More
Short Takes: Originations to Foreign Nationals Booming? / A Profit and LPMI Figures from Radian / Things Looking up at Ocwen? / An MPF First July 22, 2015 Paul Muolo, George Brooks, and Brandon Ivey Who says the future looks bleak for Ocwen Financial? Not Sterne Agee CRT...Read More
Ginnie Mae Securitization Volume Soars July 20, 2015 George Brooks Wells Fargo was the top issuer in 2Q with $16.0 billion, followed by PennyMac and Freedom Mortgage. Read More
Freedom Likes the VA Market; Has Added at Least 700 Workers to Promote FHA/VA July 13, 2015 George Brooks Over the past seven months, Freedom Mortgage has added 700 to 800 new employees to promote and originate VA and FHA loans.Read More
Lenders Fear HUD Penalty for Breaching Filing Deadline is Excessive July 9, 2015 George Brooks HUD issued the language to remedy the problem of delayed filings: lenders holding back claims... Read More
FHA Sets Deadline for Filing Claims, Revises Reimbursement Policy July 7, 2015 George Brooks Since the housing crisis, the mass filing of claims has placed a huge strain on resources at the FHA.Read More