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Home » Authors » Paul Muolo

Articles by Paul Muolo

U.S. Bancorp Posts a 10 Percent Gain in Mortgage Production

July 18, 2018
Paul Muolo
The Minneapolis-based depository posted $191 million of mortgage banking revenue for the second quarter…
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Short Takes: Maybe Fannie and Freddie were Solvent After All / Something to Think About? / Angel Oak is Busy, Very Busy and Needs Qualified Workers / New Hires / A Strong 2Q for MGIC

July 18, 2018
Paul Muolo
The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”
Read More

Nationstar Reports 2Q18 Results: Income and Servicing Down, Originations Up

July 17, 2018
Paul Muolo
Nationstar said it continues to “evaluate significant servicing growth opportunities” and expects to end 2018 with at least $530 billion of MSRs...
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Despite a Slim Profit Margin, Redfin Hopes to Raise $239 Million by Selling Equity and Debt

July 17, 2018
Paul Muolo
The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.
Read More

Still Festering: the VA IRRRL ‘Orphan’ Loan Mess

July 17, 2018
Paul Muolo
“We want to get more bidders involved,” said MBA’s Pete Mills…
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Short Takes: The Slow Fade of Banks Continues / False Claims Act Relief on the Way? / A Bank Advertising Mortgages on National TV / The Next Move for Bob Ryan of the FHFA? / Fannie Elects a New Director with a Blockchain Background

July 17, 2018
Paul Muolo
Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…
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Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction

July 16, 2018
John Bancroft, Brandon Ivey, and Paul Muolo
Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...
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High DTIs and Other Concerns at FHA Give Way to Weekly ‘Triage’ Meetings

July 16, 2018
Paul Muolo
Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.
Read More

A 23 Percent Increase in Home Lending for Bank of America

July 16, 2018
Paul Muolo
Bank of America no longer breaks out mortgage income separately.
Read More

Phoenix Announces GSE Flow MSR Auction

July 16, 2018
Paul Muolo
The average loan size could be as high as $227,000…
Read More
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