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Home » Authors » Paul Muolo

Articles by Paul Muolo

Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
Read More

MSR Auctions Remain Muted, Activity From Prestwick, MorVest

August 6, 2021
Paul Muolo
MorVest Capital recently closed out its auction of $528 million of Fannie Mae MSRs. Without providing too much in the way of detail, MorVest CEO David Fleig told IMFnews the bids were “very strong.”
Read More

Short Takes: Waiting on UWM / August 12 for Rocket / Last Up: Impac / Behind the Forbearance Numbers / CFPB Weighs In on Juneteenth / New Sales Chief for F&F Lender

August 6, 2021
Paul Muolo and Lisa Burden
What's taking UWM so long to provide an earnings release date?
Read More

MBS-Investing REITs Shrink in Face of Deleveraging, Capital Loss

August 5, 2021
Paul Muolo
Why compete against the Fed for agency MBS? Sometimes, shrinking is a better strategy, which is what the mega "mREITs" are doing.
Read More

Invitation Homes Cuts Deal with Pulte, Floats More Debt

August 5, 2021
Paul Muolo
The SFR giant is gearing up to buy thousands of newly constructed homes, which means it’s headed to the capital markets to finance the maneuver.
Read More

Higher GNMA Requirements Could Be Trouble for MSRs

August 5, 2021
Paul Muolo
Ginnie Mae servicing sales were strong last quarter but is all that about to end because of higher capital requirements?
Read More

Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 5, 2021
Paul Muolo
Retail and institutional investors that bought shares in mortgage IPOs of the past year are feeling glum these days. Most are sitting on losses. Are better days ahead? Hard to say...
Read More

Short Takes: Ocwen Back in the Red / Expected / Still Hungry for MSRs / What About the Other One-Third? / Applications Decline

August 5, 2021
Paul Muolo
What goes up, must come down: MSR values...
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A Healthy Market for Ginnie EBOs? Looks That Way

August 4, 2021
Paul Muolo
Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.
Read More

Fannie Reports Stellar 2Q21 Earnings, Says the AMRF Not a Big Contributor

August 3, 2021
Paul Muolo
Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.
Read More
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