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Home » Authors » Paul Muolo

Articles by Paul Muolo

Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments

April 26, 2018
Paul Muolo
Sen. Brown said he wants a new CFPB director, one with a moral compass…
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Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

April 26, 2018
Paul Muolo
In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...
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Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

April 26, 2018
Paul Muolo and Yemeng Yang
Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...
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PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year

April 25, 2018
Paul Muolo
Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.
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Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI

April 25, 2018
Paul Muolo
HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.
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Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs

April 24, 2018
Paul Muolo
Flagstar sold $12 billion of mortgage servicing rights as well…
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Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager

April 24, 2018
Brandon Ivey and Paul Muolo
A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals.
Read More

M&A Mania is Hitting the Mortgage Vendor Market

April 23, 2018
Paul Muolo
Earlier this month, Stone Point Capital bought due diligence advisor American Mortgage Consultants for an undisclosed sum…
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Angel Oak Targets Commercial Mortgages, Will Focus on $5M and Under…

April 23, 2018
Paul Muolo
In 2017, Angel Oak affiliates originated a company record $1.1 billion of non-qualified mortgages, a 40 percent improvement from the year prior.
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PennyMac Executive Chairman Stan Kurland Took Home $9.5M in 2017

April 23, 2018
Paul Muolo
Last year, PennyMac, a publicly traded real estate investment trust, earned $102.5 million in 2017, a 35 percent improvement from the year before.
Read More
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