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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Nationstar Mails ‘Mr. Cooper’ Notices / B.D. Cooper? / This is Not a Loan Transfer / Messina on PHH Staffing Levels / Alterra Makes National Hire

May 15, 2017
Paul Muolo
Alterra Home Loans hired Tom Middleton as senior vice president of business development and national expansion. He joins the nonbank from On Q Financial...
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What We’re Hearing: Mel Watt: Not on My Watch / Sen. Corker’s $10B Experiment with the People’s Money / Sen. Elizabeth Warren, Arrogant? / Will Pershing Square and Fairholme Win the Bet? / Wells Fargo Readies Jumbo MBS / Ocwen Needs More Time

May 12, 2017
Paul Muolo
Several trade groups, investors and analysts quickly issued their take on Watt’s comments, but there were some notables missing in action: Pershing Square and Fairholme.
Read More

Prestwick Selling $1 Billion MSR Package Tied to Fannie Mae Loans

May 12, 2017
Paul Muolo
The MSR package is top-heavy in Massachusetts receivables at 94 percent…
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Thinking About MBS Investors, FHFA Chief Watt Testifies that it would be ‘Irresponsible’ for Fannie and Freddie Not to Have a Capital Buffer

May 11, 2017
Paul Muolo
A former Congressman, Watt knows full well that by allowing Fannie and Freddie to build capital once again it will set off a political firestorm...
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Post-Merger, Arch MI Looks Ahead

May 11, 2017
Paul Muolo
Overall, Arch MI wrote coverage on $12.66 billion of home mortgages in the first quarter, of which 81.9 percent were monthly premium policies…
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FHFA Chief Hints Strongly About GSEs Building Capital Once Again. Sen. Corker Not Happy…

May 11, 2017
Carisa Chappell and Paul Muolo
During the hearing Thursday, Sen. Bob Corker, R-TN, called “the whole issue of them running out of resources” baseless.
Read More

Short Takes: Certain Trade Groups Applaud Watt’s Move / It’s Not ‘Recap and Release’ / GSE Share Price Hardly Budges / Ocwen is a ‘Market Perform’ / Amy Brandt to Head Vendor

May 11, 2017
Paul Muolo
Watt’s comments on building capital did not move the share price of Fannie/Freddie common very much...
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By Selling Assets, Walter Investment Posts a Gain After Years of Losses

May 10, 2017
Paul Muolo
At March 31, Ditech serviced 1.9 million accounts, with an unpaid principal balance of $220.2 billion. During the quarter, the company suffered a net disappearance rate of 13.56 on its MSR portfolio.
Read More

CEO of Finance of America’s ‘Fix & Flip’ Unit Departs a Few Months After Company is Bought

May 10, 2017
Paul Muolo
The fix-and-flip market has been red hot the past few years…
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Yet More Red Ink for PHH Mortgage; Loan Production Down 34 Percent from 4Q16

May 10, 2017
Paul Muolo
Glen Messina is slated to step down as CEO in June. He has served as CEO since January 2012.
Read More
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