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Home » Authors » Paul Muolo

Articles by Paul Muolo

Ocwen Sues FIS Over MSR Monitoring Contract; Says Workers Visited Strip Clubs on Ocwen’s Nickle

May 30, 2017
Paul Muolo
The servicer alleges that “illegitimate time” was billed to the company for hours FIS workers spent “patronizing strip clubs and casinos.”
Read More

Short Takes: Ocwen Registers More Stock / A 12 Day Wait to Announce / The Fidelity Empire / No Income Verification for Flippers / Norcom Hires Reverse Chief

May 30, 2017
Brandon Ivey and Paul Muolo
All Credit Considered Mortgage is offering investment-property mortgages that do not require verification of the borrower’s income or employment.
Read More

In the Mortgage M&A Game, Small and Medium-Sized Shops are Targets

May 26, 2017
Paul Muolo
In years past, RPM has been a selective buyer of mostly smaller shops.
Read More

What We’re Hearing: Don’t Bet on Court Outcomes / Randy May Want to Wait on the Curtains / No President, No Cry / About that $627 Million… / What About a Partial Capital Cushion for the GSEs? / A Busy Week for Incenter, Phoenix

May 26, 2017
Paul Muolo
If Trump is successful, presumably the money would flow through to the bottom line of Fannie and Freddie and counted toward earnings.
Read More

Nonprime Lender Citadel Ready to Enter the Small-Balance Commercial Market

May 25, 2017
Paul Muolo
Citadel’s small-balance commercial program will include mixed-use retail and other loan types.
Read More

More MSR Offerings from Incenter

May 25, 2017
Paul Muolo
For the week, IMA rolled out $3.87 billion worth of servicing auctions.
Read More

Short Takes: Trump Copies Obama’s FHA Tech-Fee Idea / More Wholesale Lenders? / Home Point Deal Progresses / CHLA Presses for FHA Premium Cut / A New Director at Impac Mortgage

May 25, 2017
George Brooks, Brandon Ivey, and Paul Muolo
When’s the last time a publicly traded mortgage company was sold in a stock transaction?
Read More

Trump Aims to ‘Restructure’ the CFPB and Slash Agency Spending by 22.4 Percent

May 24, 2017
Paul Muolo
The Trump White House wants to slash the budget of the CFPB, an independent agency it has no control over...
Read More

The MSR Market Firms Up; More Buyers; What Could Go Wrong?

May 24, 2017
Paul Muolo
Servicing advisors Steve Harris and Mark Garland view the MSR market as improving…
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MBA Chief: Don’t Leave Necessary GSE Reforms to the FHFA

May 24, 2017
Paul Muolo
MBA's Stevens once again slams those in favor of a GSE “recap and release” plan, saying this group consists “primarily [of] stock speculators who are most concerned about personal profits” rather than the future of the U.S. housing system.”
Read More
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