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Home » Authors » Paul Muolo

Articles by Paul Muolo

Scratch-and-Dent Prices Healthy. But Are They Too High?

February 10, 2022
Paul Muolo
Prices paid for scratch-and-dent loans are favorable these days, favorable for sellers, that is.
Read More

Unison Plots Growth in Home-Equity Sharing

February 10, 2022
Paul Muolo
Another way to bet on housing? The securitization of residential equity agreements is in its infancy. Does it have legs? Unison certainly hopes so.
Read More

A Slightly Lower Profit for Freddie. Note: Higher Credit Expenses

February 10, 2022
Paul Muolo and Dennis Hollier
Although earnings slipped, net revenues increased to $5.57 billion from $5.25 billion in 3Q21.
Read More

Short Takes: Of Rates and Margins / Mortgage Stocks? / loanDepot Undervalued? / Slighted by Michigan? / Goldman’s Unique MBS

February 10, 2022
Paul Muolo and Brandon Ivey
Why would Michigan workers place a bet on California-based loanDepot and not UWM or Home Point?
Read More

A Boom With Little Precedent: MSR Sales

February 10, 2022
Paul Muolo
Sales of mortgage servicing rights have been nothing short of stunning the past five quarters. Can the good times last? Yes, if prepayment speeds cooperate.
Read More

Freddie Mac Posts 4Q21 Net Profit of $2.7 Billion

February 10, 2022
Paul Muolo and Dennis Hollier
But credit-related charges at the mortgage giant went from $194.0 million in the third quarter to $604.0 million in the fourth quarter.
Read More

A Foreign Bank Throws in the Towel on Mortgages

February 10, 2022
Paul Muolo
Good news/bad news: Spanish bank Santander is staying in America — but it’s exiting mortgage finance.
Read More

Whole-Loan Prices for Non-QMs Slip...

February 9, 2022
Paul Muolo
The lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers work.
Read More

Up for Grabs: $11.5 Billion of Fannie/Freddie MSRs

February 9, 2022
Paul Muolo
Sellers of mortgage servicing rights are striking while the iron is hot.
Read More

Approaching a 4% Conventional Mortgage, Applications Fall Again

February 9, 2022
Paul Muolo
Might we see a 5% conventional mortgage by yearend?
Read More
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