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Home » Authors » Paul Muolo

Articles by Paul Muolo

Ocwen and PHH: A Match Made in Adversity?

March 2, 2018
Paul Muolo
PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…
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What We’re Hearing: Ocwen’s CFPB Problem Isn’t Going Away / Overseas Regulatory Exposure / Jeb Hensarling’s GSE Bill / Does the AEI have the Ear of the White House? / HUD Secretary Shocked to Find Gambling in his Establishment / Brian Montgomery, the Pati

March 2, 2018
Paul Muolo
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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A $41 Million Profit for Nationstar in 4Q17 and Higher Originations Too

March 1, 2018
Paul Muolo
Two years ago, Nationstar Mortgage subserviced just $22 billion in loans. Today the figure is...
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Ocwen Reveals the Bloom May be Off the Rose at its India-based Operations

March 1, 2018
Paul Muolo
Ocwen disclosed this warning: “Non-compliance with the laws and regulations of India or the Philippines could result in restrictions on our operations in these countries, fines, penalties or sanctions or reputational damage.”
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IMA Hits the Market with a $713 Million Package

March 1, 2018
Paul Muolo
Loans in Tennessee account for the largest portion of the portfolio at 28 percent…
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Short Takes: Down, Down, Down for Fannie, Freddie Common / An OTC Stock / Ocwen CEO Has No Contract / Deloitte Will Pay DOJ $150 Million in TBW Fraud Case / A New Hire for Sierra Pacific Mortgage

March 1, 2018
Paul Muolo
At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.
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PHH & Ocwen: Can Two Money-Losing Mortgage Companies Find Happiness Together?

February 28, 2018
Paul Muolo
Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.
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MBS Trading Volume Starts the New Year with a Bang. A New Benchmark MBS Emerges

February 28, 2018
Paul Muolo
In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.
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Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive

February 28, 2018
Brandon Ivey and Paul Muolo
PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.
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Warren Buffett’s Mortgage Company Agrees to Buy Silverton Mortgage

February 27, 2018
Paul Muolo
Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.
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