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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: The FHFA Job / GSE Recap & Release? / More GSEs? / 12 and 2 / Red and Blue and Home Prices / ACUMA on URLA

November 3, 2020
Paul Muolo and Dennis Hollier

The longest government conservatorship in the history of the U.S. belongs to Fannie and Freddie. Both have been profitable since 2012...


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Different Readings from MBA and Black Knight on Forbearance

November 3, 2020
Paul Muolo

Black Knight tracks daily performance data on over 23 million mortgages covering more than 60% of the market. MBA’s survey encompasses 38 million loans from roughly 50 servicers.


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Ginnie Buyouts Spike at Mr. Cooper. More on the Way?

November 2, 2020
Paul Muolo

Ginnie buyouts of delinquent mortgages are a common practice – but it takes readily available cash, or a line  of credit...


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Large Government Lender Caliber Home Delays IPO

October 30, 2020
Paul Muolo
Without much warning or explanation, top-ranked FHA/VA originator Caliber has scuttled its IPO, at least for now.
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Still There but Not in Use Very Much: Ginnie PTAP

October 30, 2020
Paul Muolo
If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign?
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Short Takes: The Upcoming loanDepot ‘Call’ / Mortgage IPOs Hit a Speed Bump / An Ugly Week for the Dow / The $61 Million Mansion / Oceanfront Views

October 30, 2020
Paul Muolo

It’s been an ugly week for the DJIA. At press time, stocks were down 420 points. Mortgage bellwether Rocket Companies was at $17.80, a few pennies below its August IPO price of $18.00 a share…


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Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt

October 30, 2020
Paul Muolo

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...


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MBS Trading Slows but as Volatility Returns…

October 29, 2020
Paul Muolo
MBS trading slowed in September but market volatility returned this week, portending dicey conditions in the weeks ahead.
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UWM Floats Large Note Sale. Who’s Next?

October 29, 2020
Paul Muolo
While mortgage IPOs are starting to look dicey, the debt market continues to be receptive. The latest issuer: wholesale giant UWM.
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Short Takes: Caliber ‘Postpones’ Its IPO / What Happened? / The loanDepot Anniversary / AmeriHome? / Done for Now?

October 29, 2020
Paul Muolo

Is the mortgage IPO window starting to close?


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