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Home » Authors » Paul Muolo

Articles by Paul Muolo

Fay Says it Settled CFPB Dual-Tracking Case to Put the Matter Behind It

June 8, 2017
Paul Muolo
On average, the loans that Fay Servicing boards are more than 700 days past due.
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Seneca Mortgage Ready to Unload a $55 Billion MSR Package?

June 8, 2017
Paul Muolo
At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.
Read More

Short Takes: In Defense of the CFPB / A Hit Job? / Sale of EverBank to TIAA Ready to Close / ABA: TRID Changes are Needed / Pagliara’s GSE Lawsuit Dismissed

June 8, 2017
Carisa Chappell, Paul Muolo, and Thomas Ressler
Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...
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Will the Industry’s ‘Big Boys’ Finally Enter the ‘New’ Nonprime Market?

June 7, 2017
Paul Muolo
“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.
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Stearns Pounces in the M&A Game, Acquires Lending Assets of Primary Capital of GA

June 7, 2017
Paul Muolo
Houlihan Lokey was PCM’s advisor on the sale.
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Short Takes: Investors Line up for Deephaven Deal / 29 Percent with a ‘Credit Event’ / Bill Dallas Aims to Get Serious About Reverses / CHOICE Vote? / A New Hire for New American

June 7, 2017
Paul Muolo and Thomas Ressler
The deal was six-times oversubscribed, a positive for this young market...
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When it Comes to GSE Reform, It’s All About the Government Guarantee

June 6, 2017
Paul Muolo
ABA stands to be an “influencer” in the debate not just because of the size of its bank membership base, but because depositories rank a close second to the Federal Reserve among the largest investors in agency securities.
Read More

Mortgage Production Profit Down 61 Percent in 1Q, but…

June 6, 2017
Paul Muolo
Production profits suffered, but servicing and secondary market income increased…
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Short Takes: More Refis? Really? / A Large MSR Deal? / Non-Fed CUs Get A Break from the FHFA / Vendor M&A / Supreme Lending Targets California and New Jersey Next

June 6, 2017
Carisa Chappell and Paul Muolo
We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...
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Capital Alpha Says Turbulence Ahead for GSE Investors

June 5, 2017
Paul Muolo
Capital Alpha projects that the “emerging reform thrust” might emulate ideas promulgated by the Mortgage Bankers Association, which is adamantly opposed to recap and release.
Read More
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