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Home » Authors » Paul Muolo

Articles by Paul Muolo

Want a HELOC From Chase? Don’t Bother

April 17, 2020
Paul Muolo

JPM tosses HELOCs overboard, for now...


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Still Undecided: Liquidity for MBS Servicers. More Appeals Made to the Fed, Treasury…

April 17, 2020
Paul Muolo and Dennis Hollier

Another day goes by, and more pleas to Uncle Sam to fix the MBS liquidity problem. What will it take?


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The Fate of MBS Servicers Remains Undecided. Hope for Non-QM?

April 16, 2020
Paul Muolo and Dennis Hollier
When it comes to pandemic-related bailouts, the Fed is running the table. But the mortgage industry would like to hear something concrete on servicer liquidity.
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Short Takes: How Much Time is Left for NBs? / How the Payment Plumbing Works / Getting DC’s Attention Through Failure / FHFA and CFPB Cooperate / HMDA Update / Correction

April 16, 2020
Paul Muolo, Dennis Hollier, and Yemeng Yang

If a large nonbank fails, it might get Washington's attention...


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Warehouse Banks Treading Lightly in COVID Era

April 16, 2020
Paul Muolo

Warehouse credit flows downhill: from the financier to the nonbank lender to the consumer. But with the pandemic stoking new economic fears, some providers are tightening their standards, like market leaders JPM and FH.


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More Shoes Drop for Nonbanks: Warehouse Giants JPM and FH Tighten Credit

April 16, 2020
Paul Muolo

First Horizon wants FICOs of at least 670 and will only provide credit on conventional and government loans.


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In 1Q20, Banks Show Large MSR Marks, Slowing Originations

April 16, 2020
Paul Muolo
The megabanks saw their first-quarter mortgage results get whipsawed by the coronavirus. Home lending was down and MSR marks were up.
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Short Takes: Help for Nonbanks After All? / A Steep Lending Decline for a Jumbo Producer / loanDepot’s Hiring Pledge / A New Retail Office for Angel Oak

April 15, 2020
Paul Muolo and Brandon Ivey

Layoffs? Don’t tell that to loanDepot. In a press statement earlier in the week, company founder and CEO Anthony Hsieh pledged to hire 3,000 employees by the end of 2020…


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MBA’s New Application Reading Goes Positive Again; A Gain for NY, CA and WA

April 15, 2020
Paul Muolo

Believe it or not, purchase loan applications increased 16.4% in Washington, one of the first states ravished by the pandemic...


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A 14% Production Drop for Bank of America; Deferrals Near 1 Million

April 15, 2020
Paul Muolo

In the home equity department, BofA actually increased lending to $3.02 billion in the first quarter from $2.99 billion in 4Q19.


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