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Home » Authors » Paul Muolo

Articles by Paul Muolo

As of Halloween, BofA’s MLOs are LOs and Must Offer Auto Loans Too

October 31, 2016
Paul Muolo
One observer called the change “huge.”
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Will Ginnie Mae’s New ‘Acknowledgement Agreement’ Bolster MSR Liquidity?

October 28, 2016
Paul Muolo
Late this week, a spokesperson for Ginnie Mae could not offer any specifics about the revised acknowledgement agreement but noted the changes are “almost” complete.
Read More

CFPB Sends Warning Letters to 44 (Unnamed) Lenders/Brokers on HMDA Data Collection

October 28, 2016
Paul Muolo
In the fall of 2013, the regulator sanctioned two lenders – Mortgage Master and Washington Federal – for violating HMDA collection requirements.
Read More

What We’re Hearing: A Two-Year Window to Fix Fannie and Freddie? / On Jan. 1, 2018, the GSE Piggybank Goes Dark / Treasury Loves GSE Earnings but not the GSEs / Three Standouts: Caliber, Freedom and UWM / Silver Hill Keeps Hiring

October 28, 2016
Paul Muolo
Fannie Mae and Freddie Mac should post stellar third quarter results. Here's why...
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Ocwen Finally Earns a Profit; Stock Soars; Questions Remain

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.
Read More

Arch MI Unit Has Blowout Quarter, Underwriting Income Up 119 Percent

October 27, 2016
Paul Muolo
This past summer, Arch agreed to buy United Guaranty, the market leader in the MI space.
Read More

Short Takes: Will Ocwen See $60 a Share Again? / Challenges Remain / Ocwen’s Shrinking Employee Base / LPMI Competition Reduced? / Alterra Hires Former Prospect Executive Murray

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...
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Missing in Action: Mortgage Banking M&A

October 26, 2016
Paul Muolo
There has yet to be a “large” mortgage M&A deal announced this year other than the pending sale of EverBank to TIAA.
Read More

A Big (Sort of) Mortgage M&A Deal – But in the Commercial Space

October 26, 2016
Paul Muolo
On average, the California-based GEMBC facilitates roughly $800 million of commercial mortgages a year.
Read More

MBA: Originations Look Decent for 2017

October 26, 2016
Paul Muolo
The higher purchase-money estimate – released at the MBA annual in Boston – is predicated on stronger household formations coupled with employment growth and rising wages.
Read More
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