George Brooks

Ginnie Mae Plots a Path for Loan-Level Functionality

March 5, 2020

Ginnie Mae plans to replace the current pool-level orientation of its mortgage-backed securities platform with loan-level functionality. The goal is to scope out a path and timeline to implement loan-level capabilities.

A New Ginnie Mae President? Don’t Hold Your Breath

March 2, 2020

George Brooks

For nearly all of President Trump’s term, Ginnie Mae has been operating without a president, carrying on its daily business with surrogates.

Quicken Halts Reverse Mortgage Production

February 28, 2020

George Brooks

Quicken Loans has “paused” its reverse-mortgage operations, shifting its employees to its online, mobile-friendly platform, Rocket Mortgage.

HECM Collateral May be Overvalued, Says CoreLogic

February 28, 2020

George Brooks

CoreLogic warns of lingering troubling signs of excessively appraised Home Equity Conversion Mortgage loans despite policy changes made by HUD to make the product safer.

Short Takes: It’s Not Easy Being Ocwen / You Are Not Alone / Have a Good Recapture Program / Fannie and Freddie Shares Not Immune / Quicken Pauses on Reverses

February 27, 2020

Paul Muolo and George Brooks

What’s the best way to hedge against refis? Answer: have a good recapture program…

The Final Tally for FHA Lending in 2019: $242 Billion

February 27, 2020

George Brooks

Quicken Loans was the top ranked FHA producer for the year with $17.4 billion, followed by United Wholesale Mortgage ($13.1 billion) and Freedom Mortgage ($8.7 billion).