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Home » Authors » Paul Muolo

Articles by Paul Muolo

17% of Mortgages Receive Forbearance Extension, Ginnie Product Leads the Pack

June 29, 2020
Paul Muolo

According to figures compiled by Inside Mortgage Finance, consumers owe roughly $11.168 trillion on their home mortgages, which (based on the MBA measurement) means $947.1 billion in residential debt is at risk.


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Short Takes: Wells Tops in Forbearance Loans / Good news on Pending Home Sales / Buy Low, Sell High? / An ‘Unlucky’ President? / A New Director for Redwood

June 29, 2020
Paul Muolo

During the height of the COVID-19 financial crisis in April, two non-QM lenders sold equity in their companies at a steep discount to stay afloat...


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COVID-19 Infection at BNYM Delays Ginnie Custodial Transfers

June 26, 2020
Paul Muolo
BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office.
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Ginnie MSR Sales Almost Nonexistent. However...

June 26, 2020
Paul Muolo
Signs of life in Ginnie Mae-related MSR deals? Not yet but hope springs eternal.
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Waters Proposes Alternatives to FHA, GSE Forbearance Fees

June 26, 2020
Paul Muolo
HFSC Chair Maxine Waters rebuked FHA and FHFA for policies she said would unfairly penalize those lending to minority borrowers.
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Short Takes: The Good … and the Bad / Almost (Mortgage) Heaven: West Virginia / Customer Service Takes a Backseat? / What's for Dinner?

June 26, 2020
Paul Muolo

It appears the mortgage forbearance “winning streak” has ended, at least for now...


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A Large 1Q20 Loss for Impac. Cash Position Jumps After Asset Sales

June 26, 2020
Paul Muolo

And the good news? The company is once again originating (after suspending production in the spring) but only for Fannie Mae, Freddie Mac and FHA/VA products.


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COVID-19 Infection at BNY Mellon Delays MBS Deals

June 25, 2020
Paul Muolo
A COVID-19 infection in the Dallas office of document custodian BNY Mellon is causing MBS transactions to backup.
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New Residential Readies Security Backed by MSRs

June 25, 2020
Paul Muolo
New Residential is coming to market with a security backed by Fannie Mae MSRs. As for the cost of the paper, details were sketchy.
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Short Takes: MI Delinquencies on the Rise / More Non-QM Deals / Two Harbors CEO Departs / Highs and Lows / Scratch-and-Dent Auction

June 25, 2020
Paul Muolo

Two Harbors Investment Corp. said in a new SEC filing it has “removed” Thomas Siering as president and CEO effectively immediately. Few details were provided...


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