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Home » Authors » George Brooks

George Brooks

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Articles

ARTICLES

Ginnie Fears Unfounded, Nonbanks’ Liquidity Solid

May 24, 2019
George Brooks
The financial conditions of Ginnie Mae’s largest nonbank issuers appear to be healthy and the firms ready for any potential economic downturn, the secondary mortgage market agency said.
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New DPA Rule May Resolve HUD IG-FHA Dispute

May 24, 2019
George Brooks
FHA’s updated guidance on downpayment assistance may resolve its ongoing dispute with the HUD inspector general, but it could give rise to new problems, suggests a recent analysis from Situs.
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National Flood Bill Advances

May 23, 2019
George Brooks

Since the program’s multi-year authorization expired on Sept. 30, 2017, partisan bickering has led Congress to pass 10 short-term extensions...


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VA to Launch Enhanced VALERI Servicing App

May 23, 2019
George Brooks

VA is on track to implement a new servicing phase of a project that would convert the current VA Loan Electronic Reporting Interface to an end-to-end origination and servicing platform. The enhanced servicing application will go live on May 28.


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Carson Faces Off with Dems on Housing, Oversight Issues

May 23, 2019
George Brooks

HUD Secretary Ben Carson was in the hot seat in Congress this week as Democrats on the House Financial Services Committee questioned him on key issues including oversight.


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Ginnie Mae Says Liquidity Not an Issue for Nonbanks

May 23, 2019
George Brooks

Liquidity does not appear to be a cause of concern for the secondary market agency’s top nonbank issuers despite differences in how liquidity issues are addressed from firm to firm.


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NFIP Reauthorization Awaiting Senate Action

May 23, 2019
George Brooks

The legislation approved by the House of Representatives last week reauthorizing the National Flood Insurance Program through Sept. 30 is awaiting Senate action. The program's authority is scheduled to expire on May 31.


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HUD Secretary Carson Grilled by the HFSC

May 22, 2019
George Brooks

Asked to explain about debenture interest curtailment penalties and why servicing FHA nonperforming loans is more expensive than those of the GSEs, Carson replied: “I have not had that discussion. I will look it up.”


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A Government Agency Hooked on Using Private Contractors: Ginnie Mae

May 21, 2019
George Brooks

GAO: Ginnie Mae does not fully understand the relative costs of its reliance on contractors...


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Ginnie Mae Bares Findings of Liquidity Meetings with Top Issuers

May 20, 2019
George Brooks
Liquidity doesn't appear to be an issue among the top nonbank issuers of Ginnie Mae MBS, according to a new report from the agency.
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