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Home » Authors » George Brooks

Articles by George Brooks

EverBank Faces the Wrath of the HUD IG’s Office Over Pre-Foreclosure Sales

October 2, 2014
George Brooks
In response, EverBank questioned the accuracy of the IG report.
Read More

FHA Originations on the Rise in Summer; Purchase Share at 81.9 Percent

October 1, 2014
George Brooks
Quicken Loans once again ranked first among all FHA lenders, out producing Wells Fargo by more than $170 million. No, that's not a misprint.
Read More

FHA Publishes First Section of SF Handbook; Servicing Guidance Coming Soon

October 1, 2014
George Brooks
The handbook is designed to support FHA’s broader goals of expanding access to mortgage credit and making it easier for stakeholders to do business with the agency.
Read More

An MBS Program on Fire: Ginnie Mae

September 29, 2014
George Brooks
The Ginnie II program now accounts for up about 98 percent of new agency issuance.
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Short Takes: The Cost to Underwrite Non-QM Loans / Uh, How Large is the Non-QM Market? / Ocwen’s Stock Going Nowhere / Mortgage Firms Love to Sell Ginnie MSRs / Anworth Looks to Expand

September 25, 2014
George Brooks and Paul Muolo
Just how large is the non-QM market? That’s hard to say...
Read More

Is ‘Disparate Impact’ a Valid Claim Under the Fair Housing Act?

September 18, 2014
George Brooks
According to the final rule that HUD adopted in February 2013, a practice has a discriminatory effect on a protected class if HUD or a private plaintiff can establish liability under the statute, even if there is no intent to discriminate.
Read More

FHA Commissioner Would Like to See Agency Separated from HUD

September 16, 2014
George Brooks
David Stevens, who led the FHA for part of the financial crisis, recalled difficult times dealing with policymakers and appropriators.
Read More

Short Takes: What’s MERS Worth? / Fannie, Freddie and MBA Could Use the Money / MBA Tells FHFA to go Easy on Buybacks / A Drop in FHA FICOs / Clayton’s New Hire

September 16, 2014
George Brooks and Paul Muolo
The Mortgage Bankers Association wants the FHFA to push Fannie and Freddie to go easy on mortgage buybacks.
Read More

White House Will Meet with Lenders Over Mortgage Credit Access

September 15, 2014
George Brooks
The White House meeting is expected to touch on key lender issues, including credit overlays, government enforcement actions, regulatory burden and risk-based versus FHA pricing.
Read More

MI Firms Aren’t the Only Ones That Want Changes to FHFA ‘Eligibility’ Rules

September 12, 2014
George Brooks
As written, the proposed rules from the FHFA could cause mortgage insurance premiums to spike.
Read More
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