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Home » Authors » Paul Muolo

Articles by Paul Muolo

RoundPoint Hikes Debt Facility to $650 Million

September 4, 2018
Paul Muolo
RoundPoints new debt facility expires in 2021...
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Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database

September 4, 2018
Paul Muolo and Yemeng Yang
The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."
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What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned

August 31, 2018
Paul Muolo
Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...
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MVFS Offering $1.6 Billion of GSE Bulk MSRs

August 30, 2018
Paul Muolo
In an interview this month, MVFS Executive Vice President Mark Garland described the MSR auction market as “very, very strong…”
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Short Takes: Federal Help for the Gig-Worker Mortgage Market? / New SBC Programs from Silver Hill / Consultant Roque: LO Pay Isn’t Being Cut Quickly Enough / Fairholme: Fannie and Freddie are So Undervalued / A New Customer Service VP for RoundPoint

August 30, 2018
Paul Muolo
According to industry consultant Rick Roque, residential originators are not lowering loan officer compensation quickly enough...
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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Brandon Ivey and Paul Muolo
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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More M&A Activity Ahead for Celebrity Financial?

August 28, 2018
Paul Muolo
Celebrity’s Robnett hinted that a third acquisition could be revealed by October.
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CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion

August 28, 2018
Paul Muolo
CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…
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UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend

August 28, 2018
Paul Muolo
One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”
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