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Home » Authors » Paul Muolo

Articles by Paul Muolo

A Bank Leads Volume Gainers in 3Q19. How’s That?

December 6, 2019
Paul Muolo

TD Bank is heavily reliant on the retail channel for mortgage production…


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GSE JV Gets a New CEO: Tony Renzi (ex-Ditech, GMAC, Freddie)

December 6, 2019
Dennis Hollier and Paul Muolo

Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.


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For the Feds, Nonbank Worries Just Won’t Go Away

December 5, 2019
Brandon Ivey and Paul Muolo

FSOC continues to focus on the risk posed by nonbanks, which are key players in the MBS market. But is the regulator worrying too much? Opinions differ.


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It’s Open Season for LO Recruiting. Signing Bonuses?

December 5, 2019
Paul Muolo

Thanks to a strong origination market, loan officers are in demand. The payment of "signing bonuses" is not unusual this time of year, but will the investment in top performers be worth it? Opinions can vary.


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Short Takes: Go Figure: Fintech Raises More Money / A Rich Valuation? / Cagney / IPO in the Cards? / Bulk MSR Offering from Incenter

December 5, 2019
Paul Muolo

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...


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Grapevine: Due Diligence Changes? / mREIT Liquidity

December 5, 2019
Paul Muolo and Brandon Ivey

The SFA is eyeing changes to its due diligence review standards. Meanwhile, REITs are awash in cash like never before.


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Mortgage Grapevine: Reading the Origination Tea Leaves

December 5, 2019
Paul Muolo and Yemeng Yang

Profits and originations are starting to show slippage. Then again, it's yearend. Right?


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Short Takes: A Turkey of a Reading on New Applications / The GSE Outlook: Thriving Together, Then Dying Together? / REIT Spins Off Part of SBC Lender / A New Director at Freddie

December 4, 2019
Paul Muolo

For now, many GSE watchers believe the multiple-guarantor model is going nowhere fast...


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If Nonbanks Get FHLB Access, Warehouse Market May Suffer

December 4, 2019
Paul Muolo

Then again, the concept remains untested. Letting nonbanks join the FHLB system was an idea recently floated by Federal Housing Finance Agency Director Mark Calabria…


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Short Takes: Falling Rates and GSE Stocks / That Was Yesterday / A Break for Weed Reporting / Radian Hikes Severance Formula / More Senior Hires at FHFA

December 3, 2019
Paul Muolo and Dennis Hollier

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...


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