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Home » Authors » Paul Muolo

Articles by Paul Muolo

Multifamily Lender Ready Capital Closes on Note Sale

December 3, 2019
Paul Muolo

A few weeks back, Ready Capital issued $380.0 million of investment grade notes via a private placement.


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Short Takes: Layoffs at Fannie, Freddie JV / The CSS Mission / Good for Now, Yes. Later? / Ocwen CGO Files Form 4 / A Past, Bullish Sign

December 2, 2019
Paul Muolo

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...


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MBS Trading Volume Slumps a Bit. Is the Fed Done?

December 2, 2019
Paul Muolo

In September, MBS trading came in at a mouthwatering $280.0 billion, the best showing of 2019.


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A Bank Leads Volume Gainers in 3Q19

November 27, 2019
Paul Muolo
TD Bank led the lending pack in terms of sequential growth in the third quarter: 76.2%, according to a new Inside Mortgage Trends ranking. Could this mark a sea change for banks in mortgages? Probably not. (Includes data chart.)
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More Nonbanks Offer Notes at Attractive Yields

November 27, 2019
Paul Muolo
Mortgage REITs, many of which have origination affiliates, are selling short-term notes. In most cases, the proceeds are used for expansion.
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Banks Continue to Lose Mortgage Share. However…

November 27, 2019
Paul Muolo
Nonbank mortgage lenders and depositories live in a different world. Right? Yes and no. Inside Mortgage Trends ranks the top 20 home lenders by institution type. (Includes two data charts.)
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Short Takes: The Big Kahuna of Wholesale (Once Again): UWM / No Banks / Freddie Continues to Get Svelte / A Slight Uptick in New Applications

November 27, 2019
Paul Muolo

When it comes to wholesale/broker lending, not one depository ranked among the top five in 3Q19…


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Warehousers at Risk if Nonbanks Get FHLB Access?

November 27, 2019
Paul Muolo

Should nonbank mortgage firms be allowed to join the FHLB system? Hard to say, but if they gain access, the business of warehouse finance could be turned on its head. Or maybe not.


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Non-QM M&A: Who’s Next?

November 27, 2019
Paul Muolo

Some market watchers suspect that in the wake of Citadel Servicing striking a deal, other shops might be open to offers as well…


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Mortgage Grapevine: The Big Unknown: GSE Capital / Talking to GSE Investors?

November 27, 2019
Paul Muolo

GSE recap-and-release continues to roll down the tracks. The big question: What will the capital standards bring? Meanwhile, chatter about investor meetings...


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