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Home » Authors » Paul Muolo

Articles by Paul Muolo

A Rare Slowdown in the Outsourcing of Servicing

June 9, 2022
Paul Muolo
For years, the number of subservicing contracts has proliferated. But with loan production falling, there is less of a rush to use outsourcing vendors. Some lenders may even move the function inhouse. (Includes data chart.)
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Grapevine: Yet More MSR Sales / Better.com in Hot Water Again

June 9, 2022
Paul Muolo
After a respite of sorts, the insatiable appetite for mortgage servicing rights revives. Meanwhile, Better.com and its founder find themselves on the wrong end of a civil damages claim.
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Better.com, Garg in Hot Water Once Again

June 8, 2022
Paul Muolo
A five-plus year veteran of Better.com, Pierce was fired by Better in February of this year.
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Short Takes: Under the Bus? / No Severance? / A Decline in New Business / Ultra Low Prepayment Speeds / The Passing of Frank Nothaft

June 8, 2022
Paul Muolo
At this point in the mortgage cycle, the odds of Better becoming a public company are slim…
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M&A Update: CrossCountry Is in the Market to Buy

June 6, 2022
Paul Muolo
CCM now ranks 17th among all home lenders compared to 37th two years ago...
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Short Takes: Waiving Home Inspections at Wells / An Internal Investigation / Not Tolerated / A Retrenchment in Mortgages / The Refi Club

June 6, 2022
Paul Muolo
A Wells spokesman said the bank has “clear expectations around employee behavior"...
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Compared to Last Year, Mortgage Employment Down by 7,000; Mr. Cooper the Latest to Cut Heads

June 3, 2022
Paul Muolo
Mr. Cooper foretold of layoffs in a recent SEC filing...
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CrossCountry Is in the Market to Buy

June 3, 2022
Paul Muolo
Word is spreading that CrossCountry Mortgage of Brecksville, OH, is in the hunt to buy other lenders. As for who, that’s a different matter.
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A Slight Lull in Mortgage Servicing Auctions, Prices Ebb

June 3, 2022
Paul Muolo
The peak in prices could be over, for now...
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Short Takes: Margin Calls From Warehousers? / Agency Loans Okay / A Downgrade for Flagstar / Altisource and Non-QMs / A GNMA MSR Auction From Phoenix

June 3, 2022
Paul Muolo and Brandon Ivey
As one veteran warehouse executive told us, “We haven’t seen our clients getting hit with big discounts on loans on our lines.”
Read More
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