George Brooks

Ginnie to Again Meet With Largest Nonbank Issuers

February 7, 2020

The financial condition of nine of Ginnie’s largest nonbank issuers is under review as part of the agency’s ongoing effort to ensure they are financially capable of withstanding the worst economic conditions.

IG Calls for Changes to HUD Loss-Mitigation Policies

February 7, 2020

George Brooks

An IG audit has discovered delays in servicer reporting of FHA-HAMP loan modifications and filing of partial claims, resulting in HUD’s inability to act on problems in a timely manner.

MBA Urges Policy Changes to Boost Affordable Housing

February 7, 2020

George Brooks

FHA reforms suggested by the MBA include streamlining of servicing requirements and standardization of guidelines for downpayment assistance programs.

Around the Industry

February 7, 2020

George Brooks

HUD seeks condominium-related data collection approval from OMB; Ginnie plans revision of file layout for HMBS pool-level disclosures; automated set-up of electronic funds transfer accounts.

Chase Admits it May Return to FHA Direct Lending. HUD Secretary Applauds the Move

February 6, 2020

George Brooks and Paul Muolo

Former FHA Commissioner Dave Stevens: “The absence of banks in FHA has been a challenge ever since the False Claims Act was used as an excessive enforcement mechanism, making it far too great a risk to participate in the program.”

Ginnie in New Round of Risk Talks with Nonbank Issuers

February 6, 2020

George Brooks

Ginnie Mae will meet with nine of its top nonbank issuers to discuss counter-party risk and how they plan to address capital and liquidity issues as part of its continuing surveillance of nonbanks’ financial health.

Maryland Bank Exiting Mortgage Space. However…

February 6, 2020

George Brooks

The newly formed mortgage entity paid $750,000 to the bank for the release and assumption of the employees and for transfer of the VAmortgage.com domain name. Financing of the transaction is unclear.

Howard Bank Exits Mortgage Business as Profitability Drops

January 31, 2020

George Brooks

Baltimore-based Howard Bank agrees to let its mortgage employees walk to establish their own company.

State AGs Urge OCC to Drop Madden Preemption Proposal

January 30, 2020

George Brooks

A coalition of state AGs and Hawaii’s Office of Consumer Protection urged the OCC to withdraw a proposed rule that would confer federal preemption privileges on unregulated nonbanks.

ARRC Solicits Feedback on Spread-Adjustment Methods

January 30, 2020

George Brooks

As the industry moves from LIBOR to SOFR, the ARRC is seeking input on whether the spread-adjustment methodology for cash products should be consistent with what’s adopted internationally for derivatives.

George Brooks

ARTICLES

Ginnie to Again Meet With Largest Nonbank Issuers

IG Calls for Changes to HUD Loss-Mitigation Policies

MBA Urges Policy Changes to Boost Affordable Housing

Around the Industry

Chase Admits it May Return to FHA Direct Lending. HUD Secretary Applauds the Move

Ginnie in New Round of Risk Talks with Nonbank Issuers

Maryland Bank Exiting Mortgage Space. However…

Howard Bank Exits Mortgage Business as Profitability Drops

State AGs Urge OCC to Drop Madden Preemption Proposal

ARRC Solicits Feedback on Spread-Adjustment Methods

Latest Imf News

Broker Share of Originations Ticks Up in Third Quarter

FHA Proposes Raising Draw Limits on Rehabilitation Loans

SEC Sees Support for Effort to Revise MBS Disclosures

Homebuilder Hovnanian Takes Quarterly Loss, Margins Shrink

Featured Data

Nonbanks Post Small Drop in Mortgage-Banking Income

Bank MSR Portfolios Shrink Slightly, Valuation Strong

Bank ABS Holdings Decline in 3Q25, Auto Portfolios Grow

Lending Slows Across Products in Third Quarter

Featured Reports

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

Lender Profiles 2Q25: Top 25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?