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Home » Authors » Paul Muolo

Articles by Paul Muolo

Bill Dallas Departs Finance of America as Management Reorg Commences

March 18, 2022
Paul Muolo
FoA went public via a special purpose acquisition company maneuver in April 2021...
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Short Takes: What If: The 5% FRM / Looking Sideways at the Fed / A Rate Comparison / About That Vacation Home / The Thompson Nomination Advances

March 18, 2022
Dennis Hollier and Paul Muolo
In case you haven't noticed: Jumbo rates continue to be cheaper than Fannie/Freddie rates...
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Ginnie EBO Offerings Continue Apace. What Slowdown?

March 17, 2022
Paul Muolo
Billions of dollars in delinquent FHA/VA mortgages are still available for purchase in the whole-loan market if you have the knack for rehab-and-release. But for how long?
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A Step Down for MBS Trades as Uncertainty Reigns

March 17, 2022
Paul Muolo
In case you haven’t noticed, MBS prices are sagging a bit these days, courtesy of higher interest rates. Trading volume is lower, but not exceedingly. What’s ahead? Mostly fog.
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As Better Pines for Public Ownership, Lender Hires ‘Chief People’ Person

March 17, 2022
Paul Muolo
Before Better, Benson-Armer served as a senior partner at McKinsey...
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Short Takes: Getting Back to Normal / Keeping What You Earned / Taking Advantage / Company Bonds / Guild’s Model

March 17, 2022
Paul Muolo
Remembering what "normal" profit margins felt like...
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Searching for a Bottom in GOS: Soon, Maybe?

March 17, 2022
Paul Muolo
Origination profitability has been on a slippery slope the past year, but there are possible signs of stability. Or is that wishful thinking? (Includes data chart.)
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UWM Jumps Into Bank Statement Loan Market. Will Others Follow?

March 17, 2022
Paul Muolo and Brandon Ivey
When originations sag, one solution is to add new products, nonprime or otherwise. At least that’s what UWM did this week. Will it work?
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Grapevine: Here Comes the Fed / A Good Thing to Own: MSRs

March 17, 2022
Paul Muolo
A Fed rate hike is bad news for most home lenders but a gift to owners of mortgage servicing rights. Time to sell receivables? Borrow against them? An interesting year lies ahead.
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Wholesale Giant UWM Branches Out Into Bank Statement Loans

March 16, 2022
Brandon Ivey and Paul Muolo
UWM first dipped a toe into the non-QM market in December 2021, launching an interest-only offering...
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