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Home » Authors » Paul Muolo

Articles by Paul Muolo

Citigroup’s Exit from Servicing, the First Step in a Total Withdrawal from Mortgages?

February 6, 2017
Paul Muolo
Dave Akre, who runs Whole Loan Capital, noted, “How can they stay in the mortgage origination business when servicing is a huge part of the borrower experience?”
Read More

PHH Promises More Disclosures on its Future When it Releases 4Q16 Results

February 6, 2017
Paul Muolo
PHH Corp., for years, has been trying to unload its entire mortgage franchise, a process complicated by both regulatory sanctions and large accounting losses tied to declining interest rates.
Read More

Short Takes: So, You Want to Hang Onto That Market Share? / Get Ready for Jeb’s FCA, Version 2.0 / Buy a Stake in Us First / Keeping an Eye on the 10-Year / Greystone Hires an FHA Managing Director

February 6, 2017
Brandon Ivey and Paul Muolo
What? Democrats won't help in changing the Dodd-Frank Act?
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 6, 2017
Paul Muolo
The business that Flagstar will acquire has 250 correspondent relationships that account for roughly $7 billion in production tied to agency and GSE loans.
Read More

PennyMac Financial’s 4Q16 Results: Originations Rise but Earnings Decline; MF Rollout in the Works

February 3, 2017
Paul Muolo
PFSI is forecasting that by the second half of 2017 it will be originating $40 million to $60 million per quarter in multifamily loans.
Read More

A Loosening of Mortgage Credit? Not Yet, Not Really

February 3, 2017
Paul Muolo
Tom Hutchens of nonprime originator Angel Oak Mortgage Solutions said his shop presently employs 44 wholesale account executives and plans to hire 60 more over the next 18 months.
Read More

What We’re Hearing: Mnuchin Has Been Concentrating on the GSE Issue / More Banks Expected to Outsource Servicing / Showing the Love for Servicing / And You Can Have Your Stock Back Too / The Cordray Check: Still in Town, Still Running the CFPB

February 3, 2017
Paul Muolo
When commercial banks run screaming from a business, it usually opens up a huge opportunity for nonbanks…
Read More

Flagstar’s President of Mortgage Banking Len Israel Departs

February 2, 2017
Paul Muolo
During his career, Israel has worked for IndyMac Bank and other shops.
Read More

A Different GSE Dilemma: Not ‘Too Big to Fail’ but ‘Too Big to Sell’

February 2, 2017
Paul Muolo
When it comes to cashing out of large blocks of GSE common stock, sellers face the ‘Roach Motel’ syndrome: investors check, but can’t necessarily check out…
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MountainView, Phoenix Capital Out with New MSR Deals

February 2, 2017
Paul Muolo
With interest rates staying steady the past few weeks, more bulk MSR deals are hitting the market.
Read More
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