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Home » Authors » Paul Muolo

Articles by Paul Muolo

MBA Warns Members: Equifax Data Breach May be ‘Largest Cybercrime in History’

September 28, 2017
Paul Muolo
MBA is encouraging members to “evaluate their own security preparedness.”
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Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage

September 28, 2017
Carisa Chappell and Paul Muolo
Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...
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Subservicing Contracts Continue to Grow; Cenlar and Dovenmuehle Dominant Once Again

September 27, 2017
Paul Muolo
Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found…
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BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk

September 27, 2017
Paul Muolo
Overall, there are 500,000 mortgage properties on the island, according to Black Knight…
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In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue

September 27, 2017
Paul Muolo
So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...
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Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

September 27, 2017
Paul Muolo and Thomas Ressler
In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…
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HUD IG Throws Nonbanks Overboard in New Audit, Blames Ginnie for Inadequate Supervision

September 26, 2017
Paul Muolo
Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…
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In Hurricane-Ravaged Areas, Ginnie Loosens Buyout Guidelines for Problem Loans

September 26, 2017
Paul Muolo
The new Ginnie Mae buyout authority expires March 31 of next year…
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Short Takes: Hurricane-Damaged MSR Deals? / FHA MF and Warehouse Lender Files to go Public / MBA Hires a Legend (Named Legend) / Nationstar Issues HECM Backed by ‘Inactive’ Collateral / Don’t Pass the Hat for Equifax’s Newly Departed CEO

September 26, 2017
Brandon Ivey and Paul Muolo
The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.
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As GSE ‘Zero Capital Day’ Approaches, Hurricane Damage Looms Large?

September 25, 2017
Paul Muolo
FHFA Director Mel Watt is concerned about zero capital, but has not yet given any public indication he will do something about it...
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