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Home » Authors » Paul Muolo

Articles by Paul Muolo

Forbearance Tally Lowest Since April of Last Year

February 16, 2021
Paul Muolo

MBA cited improvements in Fannie Mae/Freddie Mac and Ginnie Mae loans as the driver behind the better readings.


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Despite Employee Buyout Offers, GSE Headcount Keeps Growing

February 16, 2021
Paul Muolo

The filings also reveal the frustrations the two mortgage giants are having finding experienced workers during the mortgage boom...


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Grapevine: New Residential Still Weighing IPO; No Buyers for Ocwen

February 11, 2021
Brandon Ivey and Paul Muolo
The IPO would involve NewRez, the unit formerly known as Shellpoint Partners. Meanwhile, Ocwen has turned to Oaktree Capital Management for a cash infusion.
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Short Takes: For Sale: $1.25B of GSE MSRs / The Big ‘Flow’ Deal Seller… / Forbearance Improvement Limited / The Craig Phillips Game

February 8, 2021
Dennis Hollier and Paul Muolo

Black Knight noted that “overall improvement continues to be limited.” Compared to the prior month, the forbearance reading fell by 1.5%.


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Short Takes: For Sale: $1.25B of GSE MSRs / The Big ‘Flow’ Deal Seller… / Forbearance Improvement Limited / The Craig Phillips Game

February 8, 2021
Paul Muolo and Dennis Hollier

Black Knight noted that “overall improvement continues to be limited.” Compared to the prior month, the forbearance reading fell by 1.5%.


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Short Takes: The M&A Game / GR Racks Up #2 / Phoenix’s Flow Deal / Verus Preps MBS / When You Can Advertise During the Super Bowl, You’ve Arrived

February 5, 2021
Paul Muolo and Brandon Ivey

You’ve had a lights-out kind of year when your company can afford to advertise during the Super Bowl. So, take a bow Guaranteed Rate, Quicken (Rocket) and United Wholesale Mortgage...


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About Those QM Rule Changes … Not So Fast, Uejio Suggests

February 5, 2021
Brandon Ivey and Paul Muolo

The new QM standards are set to take effect March 1 with a mandatory compliance date of July 1. Between March 1 and July 1 lenders can use the QM patch or the new standards but after July 1, originators can only use the new standards.


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A $34B ‘Flow’ Auction and Questions on the Seller

February 5, 2021
Paul Muolo
It’s not every day that a lender commits to sell $34 billion of MSRs. IMA is the investment banker on the package and speculation is rising on who the seller might be.
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Is the GSE Cash Window Issue Cap Open for Negotiation?

February 5, 2021
Paul Muolo

CMLA’s Rob Zimmer said what he finds so perplexing about the cap is that “no one saw this coming”…


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Wells Reenters the Jumbo Correspondent Arena

February 4, 2021
Paul Muolo and Brandon Ivey
A market maker in non-agency jumbos, Wells Fargo has reopened its cash window, at least by a crack or two.
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