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Home » Authors » George Brooks

George Brooks

news@imfpubs.com
Articles

ARTICLES

Short Takes: Fed Meets Tuesday, Fate of MSRs Hangs in the Balance? / Mortgage Investors Corp. Will Pay Record Fine to FTC / The Tea Party and GSE Reform / Mortgage Network Continues Expansion / MGIC Looking Up?

July 1, 2013
George Brooks and Paul Muolo
On Tuesday the Fed will hold an open meeting to discuss final rule-making tied to the Basel III accords, which affects the value of mortgage servicing rights.
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FHA Endorsements Remained Healthy in May, Wells and Quicken Dominate

June 28, 2013
George Brooks
Wells Fargo and Quicken Loans continued to dominate the FHA lending market in May, according to a new analysis from Inside FHA Lending.
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The SEC Will Push for Admission of Guilt in Civil Cases, Including MBS

June 28, 2013
George Brooks
The SEC will push for admissions of guilt as part of settlements of lawsuits it files against private industry, including participants in the MBS market.
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FHA Proposes to Expand System for Analyzing Lenders’ Loss Mitigation Efforts

June 24, 2013
George Brooks
The expanded system would include a more comprehensive method for measuring lenders’ loss mitigation activities as well as their compliance with FHA’s default servicing requirements.
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Short Takes: Corker-Warner GSE Bill to Drop Next Tuesday / Ocwen Spin-off to Sell More Shares / CFPB Chief Cordray Defends ATR / FHA Performance Looking Up? / Stonegate Hires New Secondary Chief

June 20, 2013
George Brooks and Paul Muolo
The Corker-Warner GSE bill could see the light of day next Tuesday. Meanwhile, HLSS is selling more shares to the public.
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Lenders, Consumer Groups Support Residual Income Test for HECM Borrowers

June 18, 2013
George Brooks
Residual income is the amount of money left after deducting a borrower’s housing and installment debt from gross monthly income.
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Short Takes: Blatant Housing Discrimination Falls/ Housing Growth Boosts Economy, says Fannie Economist/ GSE Shareholder Petition Drive Losing Steam/GOP Subcommittee Chair Plans CFPB Budget Hearing

June 14, 2013
George Brooks, Thomas Ressler, and Charles Wisniowski
Overt acts of housing discrimination may have declined significantly but subtle forms of racial bias continue against minority home purchasers or renters nationwide, according to a new study released by the Department of Housing and Urban Development and the Urban Institute.
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House Grants FHA Authority to Supervise HECM Program by Mortgagee Letter

June 12, 2013
George Brooks
FHA officials had sought the legislation so they can act quickly to address problems involving the troubled HECM program.
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HUD IG to Propose FHA Reforms, Will Expand Servicing Audits

June 12, 2013
George Brooks
The Inspector General of HUD plans to expand audits of FHA servicers later this year.
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HUD Employees Will Be Furloughed June 14

June 11, 2013
George Brooks
Testifying before a Senate panel earlier this year, HUD Secretary Shaun Donovan warned that sequestration would limit the FHA’s ability to provide information and services in a wide range of areas.
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View All Articles by George Brooks

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