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Home » Authors » Paul Muolo

Articles by Paul Muolo

After the M&A Deal Closes, Keep the Loan Officers Happy

September 9, 2016
Paul Muolo
And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…
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United Wholesale Mortgage Joins the ‘Record Production Month Club’

September 9, 2016
Paul Muolo
From July to August, UWM grew its production by roughly 40 percent, noted company CEO and President Mat Ishbia…
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What We’re Hearing: A Shortage of Mortgage Underwriters? / In Demand: Top Mortgage Dogs / Record Originations at Some Shops – Thanks to Brexit / A $600 Billion Quarter? / Impac Returns to the Well / Who Might MBA’s Dave Stevens Vote For? (Follow the Money

September 9, 2016
Paul Muolo
Meanwhile, one mortgage executive told us that earlier in the year Impac approached his shop about a sale. This executive, who did not want his company identified, turned Impac down…
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IMA Offers GSE Bulk Portfolio and MSR Flow Component

September 8, 2016
Paul Muolo
The largest chunk of collateral is located in Florida at 29.6 percent. Maryland is a distant second at 15.3 percent.
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JPMorgan Chase Official Jumps Ship for the Ailing Walter/Ditech

September 8, 2016
Paul Muolo
In the fourth quarter of last year, Walter/Ditech made a decision to exit the consumer retail channel, selling branches where possible and laying off staff.
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Short Takes: Time to Bottom Fish in MSRs? / PennyMac and BofA Increase Deal Ceiling / Trade Groups Complain to the CFPB / More Ocwen Legal Headaches

September 8, 2016
Paul Muolo and Thomas Ressler
More legal headaches for Ocwen? Looks that way...
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Quicken Sets New Monthly Origination Record, but…

September 7, 2016
Paul Muolo
JPM, though, relies heavily on correspondent loan purchases to gather loans while Quicken bills itself as a direct-to-consumer/retail lender.
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Short Takes: A New Production Milestone for Citadel / Other Nonprime Funders / FBR Feels Quite Bullish About 2016 / A Focus on Mortgage-Centric Depositories / And the NPL Winners Are…

September 7, 2016
Paul Muolo
FBR & Co. raised its estimate on residential loan production for 2016: $1.90 trillion for 2016...
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‘Value’ Hedge Fund Kingstown Cuts Stake in Ocwen Financial

September 6, 2016
Paul Muolo
Kingstown is known as a value-oriented hedge fund, with roughly $1.5 billion of assets under management.
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Incenter Mortgage Advisors Completes Trade of $8.87B Ginnie MSR Package

September 6, 2016
Paul Muolo
IMA’s Piercy noted that deals can get done – as long as the seller is realistic about pricing.
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