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Home » Authors » Paul Muolo

Articles by Paul Muolo

Green Shoots: Investor Agrees to Buy $13B of MSRs

August 26, 2021
Paul Muolo
For servicing auctions to truly proliferate, the Federal Reserve would need to end its stimulus program. In other words, if rates don’t rise much from here, deal volume could be muted. Meanwhile, buyers with cash are waiting.
Read More

Grapevine: Getting Leaner: Mr. Cooper

August 26, 2021
Paul Muolo
As the refi boom begins to wane, nonbank mortgage giant Mr. Cooper is paring certain business lines. Should other lenders follow suit?
Read More

loanDepot Secures Borrowing Facility with Bank of America

August 26, 2021
Paul Muolo
The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.
Read More

Short Takes: Leveraging Cash for Non-QM Lending / AO’s REIT Trading in a Tight Range / Eye on Rates / Robust MSRs / Alterra Gets a New President

August 26, 2021
Paul Muolo and Brandon Ivey
Non-QM lender Angel Oak is looking to crank up originations...
Read More

Home Point Hit With Multiple Downgrades by Fitch. MSRs May Be Sold

August 25, 2021
Paul Muolo
The nonbank is contemplating selling some of its MSRs...
Read More

As Summer Comes to An End, Applications Rise

August 25, 2021
Paul Muolo
The FHA share of total applications increased to 11.0% of the pie compared to 9.4% the week prior...
Read More

Short Takes: Mortgage Discounts for Vaccine Recipients / Customers Sells Debt / Warehouse Lender Active in Crypto Market / What’s Riskier? / A Promotion at Deephaven

August 25, 2021
Brandon Ivey and Paul Muolo
Another warehouse lender active in the digital/crypto space is Silvergate Bank of California...
Read More

Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO

August 24, 2021
Paul Muolo
The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.
Read More

New Tally Offers More Proof of a Decline in Lending Profits

August 24, 2021
Paul Muolo
Say it ain't so, Joe: Origination profits per loan continue to decline...
Read More

Short Takes: Caliber Changes Hands / Das Will Stay, Gets CEO Post / Final Sale Price? / Over-Hyped Digital / In Some Cases, No Online Tools Used

August 24, 2021
Paul Muolo and Dennis Hollier
COVID-19 doesn’t appear to have digitized the mortgage process as much as some believed.
Read More
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