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Home » Authors » Paul Muolo

Articles by Paul Muolo

Residential Lending Tumbles at BB&T; Mortgage Earnings Drop as Well

January 19, 2017
Paul Muolo
BB&T saw residential loan production decline in the fourth quarter while its servicing portfolio fell by less than 1 percent.
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Short Takes: The No. 2 at HUD Will Be… / Carson’s Advisors / Mnuchin Says His Goal was to Modify Mortgages / The Roots of OneWest: Countrywide / Flagstar Names Whip to its Board

January 19, 2017
Carisa Chappell and Paul Muolo
Early in its existence, IndyMac was a nonbank and had been grub-staked by Countrywide Financial...
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Trump May Ice the FHA MIP Cut, At Least for Now

January 18, 2017
Paul Muolo
One industry source noted: “On January 20, President Trump will be issuing an executive order that freezes all past actions over a certain period of time. The FHA premium reduction gets swept into this.”
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Short Takes: Time to Worry About ‘Deferred Tax Assets’? / Good News or Bad News? / A ‘Conceptual Exercise’ / Sen. Elizabeth Warren Won’t be in Attendance / New PAC Chief for MBA

January 18, 2017
Brandon Ivey and Paul Muolo
One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…
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Servicing Auctions Begin to Heat Up; New Packages from IMA, Phoenix

January 17, 2017
Paul Muolo
The lenders selling the MSRs are both nonbanks…
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Short Takes: PE Firm Eyes Three Mortgage Acquisitions / One Lender That’s Definitely Looking… / LOS Vendor Hires New President / Another Court Victory for PHH

January 17, 2017
Paul Muolo and Thomas Ressler
Some M&A advisors believe 2017 could be a banner year for mortgage company sales. Then again, that’s what they predicted early last year...
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What We’re Hearing: Reading the Wells Fargo (Origination) Tea Leaves / Nonbanks Rule? / MSR Mark-up Mania / CA-Based Nonbank Plans to Hire 1,000 LOs? / The First To Go: Operations Staff / Cordray is Going to be Fired. No Duh

January 13, 2017
Paul Muolo
It’s been no secret in Washington financial circles that shortly after Donald Trump was elected president, the decision was made by his “team” to fire CFPB director Richard Cordray...
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Wells Fargo, JPM and BofA All Managed to Increase Production in 4Q16. The Last Squeezing of the Mortgage Grapes?

January 13, 2017
Paul Muolo
In general, nonbanks have been gaining origination market share from depositories over the past few years, a trend that shows no sign of abating.
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An Unintended Consequence of the FHA MIP Cut: A Damper on Ginnie MSR Sales?

January 12, 2017
Paul Muolo
Buyers and sellers are waiting to see if the 75 basis point increase in rates will stick around or turn out to be a fluke and then reverse course...
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Banks and Nonbanks Expected to Take Handsome MSR Mark-ups for 4Q16

January 12, 2017
Paul Muolo
“No matter what, it’s an enormous move,” said Mark Garland, president of MountainView Servicing Group, Denver.
Read More
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