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Home » Authors » Paul Muolo

Articles by Paul Muolo

(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository

June 29, 2017
Paul Muolo
“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.
Read More

NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d

June 28, 2017
Paul Muolo
Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.
Read More

Freedom Inks Deal with NYCB; CEO Says Nonbank is Working on ‘Several’ MSR Acquisitions

June 28, 2017
Paul Muolo
Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…
Read More

Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage

June 28, 2017
Paul Muolo
Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.
Read More

Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More

June 27, 2017
Paul Muolo
Filler was named CEO of Finance of America Commercial, but departed after roughly two months.
Read More

Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’

June 27, 2017
Paul Muolo
Just 18 percent of respondents said they do not want the GSEs preserved in their current state...
Read More

Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie

June 27, 2017
George Brooks and Paul Muolo
We kid you not: Home loans from a firm called Homie...
Read More

Fannie Sentiment Survey: Looser Credit, Fewer Servicing Sales

June 26, 2017
Paul Muolo
The new sentiment survey also found that “slightly more lenders” reported they expect to decrease the share of MSR sold...
Read More

Some Lenders (Like Movement Mortgage) Keep Hiring; Others are Cautious

June 23, 2017
Paul Muolo
Quicken, the nation’s third-largest home loan originator – and number two in retail – is continuing to add positions in “all areas of the business,” said a company official.
Read More

What We’re Hearing: New Rez CEO Not Worried About Ocwen / $425 Million / The CFPB has Been Defanged? / Falling in Love with Nonprime / The GSE Hearings Commence / Sen. Mark Warner’s Constituents (Freddie Employees)

June 23, 2017
Paul Muolo
We can only assume Sen. Warner knows Freddie Mac is headquartered in his state, which means the company’s employees are his constituents.
Read More
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