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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Will FHA Premiums Be Tapped? / Probably Not… / Risk-Based Pricing? / Caliber's Refi Offer / A Strong 1Q20 Profit for MGIC

May 8, 2020
Paul Muolo

Caliber Home Loans is mailing solicitations to customers of Quicken Loans, offering to refi them at 3.125% for a 30-year fixed-rate mortgage. In one solicitation we saw an “immediate benefit” listed included the ability to “defer” a mortgage payment…


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Mortgage Sector Bucks the Trend, Adds Jobs During Pandemic

May 8, 2020
Paul Muolo

The mortgage employment reading, while strong, trails the national numbers by one month.


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Ginnie Ponders Private Financing. Forbearance Looms

May 7, 2020
Paul Muolo
Will the FHA hike premiums as a way to allay forbearance risk on Ginnie Mae-backed loans? Probably not, but it’s an option.
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FHFA Directs GSEs to Limit Certain Loan Purchases

May 7, 2020
Dennis Hollier and Paul Muolo
As the COVID-19 economic picture worsens, the GSEs are getting more discerning about what type of loans they will purchase.
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A New Money Stream for Servicers: Deferment Fees

May 7, 2020
Paul Muolo and Brandon Ivey
It’s not final yet, but servicers stand to make at least $500 per unit to handle GSE loans that need to be deferred because of COVID-19-related hardships.
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Short Takes: The April MBS Kings... / Banks Being Too Careful? / Craps / The Odds of Going Bust / Record Production for Gateway

May 7, 2020
Paul Muolo

Gateway Mortgage Group posted record originations in April...


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Signs of Life in Bulk MSR Sales as Tire Kickers Return

May 7, 2020
Paul Muolo
MSR investors are looking at new offerings in the bulk market but mostly on a negotiated basis. Flow deals are dead but that could change.
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FHFA Clarifies: Impac’s MSR Sale Was Not Forced

May 7, 2020
Paul Muolo
Impac Mortgage Holdings is about to unload what’s left of its MSR assets. Meaning?
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Impac, Still Hanging On, Agrees to Sell Most of its MSRs to PNC Bank

May 7, 2020
Paul Muolo
The MSR sale should close by the end of May...
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Short Takes: A Byproduct of the Pandemic: Refis Carry Higher Rates / Fannie & Freddie Still Buying Cash-outs / Treasury’s Latest Rescue Tally / Inflation Ahead? / Impac CFO Departs Early

May 6, 2020
Paul Muolo

Higher rates on refis than on purchase loans? Looks that way...


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