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Home » Authors » Paul Muolo

Articles by Paul Muolo

MountainView, Prestwick Roll Out New MSR Auctions

September 20, 2016
Paul Muolo
As rates increase, more deals are hitting the market...
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Short Takes: The Wells Fargo Senate Barbeque / The Scandal’s Effect on Wells’ Mortgage Business? / Hats Off to the Los Angeles Times / Sen. Warren Slams Stumpf / Jumbo Update

September 20, 2016
Brandon Ivey and Paul Muolo
Will a potential residential mortgage customer bolt Wells Fargo because they can’t trust the bank’s employees, including its retail loan officers?
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Ginnie Chief Tozer Lays it on the Line About MSR Values, Liquidity

September 19, 2016
Paul Muolo
Senior Vice President of Issuer and Portfolio Management Michael Drayne said recently the revised acknowledgement agreement could be ready by the end of September.
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Phoenix Flow Deal Could Yield $3 Billion in Product

September 19, 2016
Paul Muolo
The identity of the seller was not revealed in the offering circular except to say the company is “well capitalized.”
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Short Takes: Ocwen Executive Bolts for Flagstar / Number Seven with Hopes to Go Higher / RPM Mortgage Launches Second Lien Product / Will More Nonbanks Offer Seconds? / Time for a Background Check on Your Branch Manager?

September 19, 2016
Brandon Ivey and Paul Muolo
We know of at least one nonprime lender offering seconds and we expect that in time others may follow…
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Impac Prices ‘Add-on’ Offering of Stock at $13 a Share; Stock Gets Smacked

September 16, 2016
Paul Muolo
Impac presently has a market capitalization rate (stock price multiplied by number of shares) of $167.6 million.
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What We’re Hearing: How Much Will the Brits Wind Up Paying the FHFA? / Maybe Elton and McCartney Can Help / Remember Lehman Brothers? / What Will Donald Trump do with Fannie Mae and Freddie Mac? / JPM Promotes Three

September 16, 2016
Paul Muolo
And since RBS is essentially owned by the British government, any settlement money will indirectly come from U.K. taxpayers. Who knows, maybe Adele, Paul McCartney and Elton John can chip in…
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Fourth Quarter Could be a Barn-Burner for MSR Sales

September 15, 2016
Paul Muolo
Potential MSR sellers abound, but what price will they accept?
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Two More Lenders Report Record Production in August: Freedom and Pac Union

September 15, 2016
Paul Muolo
The third quarter has yet to end and the big question for the industry boils down to this: Will 3Q be better than 2Q?
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Fannie Mae Survey: 55 Percent of Lenders See No Change in Profit Margin

September 15, 2016
Paul Muolo
Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.
Read More
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