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Home » Authors » Paul Muolo

Articles by Paul Muolo

A Tough Year for Nonbanks While Some CEOs Flourish

June 20, 2024
Paul Muolo
Is your mortgage CEO worth $30 million a year? $20 million? That may depend on the company’s share price. It might be argued that some executives of publicly traded nonbanks earn their keep while others might be in for a case of comeuppance. (Includes data table.)
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A Lull in Available MSRs. Will It Last?

June 20, 2024
Paul Muolo
Lenders are once again making money on mortgage originations, though not a ton. For now, some are holding onto servicing.
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Capital Markets Warming Up to Mortgage REITs

June 17, 2024
Paul Muolo
PMT is a sister company to PennyMac Financial Services, one of the largest lender/servicers in the nation.
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Production Chief Departs With Employees. Then Gets Sued...

June 17, 2024
Paul Muolo
Many of these types of cases are settled out of court, one attorney noted...
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Short Takes: Time to Dump EPDs? / Interviewing at Texas Capital? / GSE Shares Worthless? / But.. / Rocket Trims Line

June 17, 2024
Paul Muolo
Rocket trims a borrowing line but extends the maturity date...
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Post-Election GSE Reform: MBS Investors Rule

June 13, 2024
Paul Muolo
There’s new chatter that no matter who occupies the White House come January, change may finally be in the air. But the key to ending the almost 16-year-old GSE conservatorships is to figure out how to placate MBS investors.
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Production Chief Who Left With Staffers Faces Lawsuit

June 13, 2024
Paul Muolo
With many lenders struggling with profitability, it might seem like a waste of time and money to sue departing production managers who leave with staffers in tow. But the lawsuits keep coming.
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More Turbulence for loanDepot, Founder Sells Shares

June 13, 2024
Paul Muolo
While loanDepot launched a new debt-exchange program with investors, its chairman was busy selling shares in the company. Bad optics or no big deal?
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Some Uncertainty on Warehouse Financing for Nonbanks

June 12, 2024
Paul Muolo
The big question, according to some of JPMorgan's warehouse competitors, is how many of Flagstar's customers will stay with the megabank.
Read More

Bankruptcy Rare as Lenders Quietly Close

June 11, 2024
Paul Muolo
Many lenders are ceasing operations without filing for bankruptcy.
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