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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS?

August 18, 2016
Paul Muolo and John Bancroft
Will the last megabank left in the FHA market please turn off the light...
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Ninth-Ranked Originator loanDepot Sells $150 Million of Debt. No Word on Yield or Who Bought It

August 17, 2016
Paul Muolo
Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.
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Bottom Fishers Eyeing the Mortgage Servicing Market?

August 17, 2016
Paul Muolo
“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.
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Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM

August 17, 2016
Paul Muolo, Brandon Ivey, and Carisa Chappell
Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”
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Caliber Home Loans Taking a Look at PHH Assets?

August 16, 2016
Paul Muolo
For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.
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Walter’s New CEO Tony Renzi Could be a $5 Million Man His First Year

August 16, 2016
Paul Muolo
Compared to the second quarter of last year, revenues at Walter declined an ugly 54.6 percent to $187.5 million. In other words, Renzi has a lot to turn around…
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MountainView Selling $3 Billion of Ginnie Mae Servicing Rights

August 16, 2016
Paul Muolo
In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.
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Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement

August 16, 2016
Paul Muolo and George Brooks
Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...
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Arch/UGC Deal Will Give Combined MI Entity a 28.9 Market Share

August 15, 2016
Paul Muolo
According to IMF, UGC ranked first in insurance-in-force of $186.96 billion at midyear. Arch MI was seventh at $33.36 billion.
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Relationship with Fannie CEO at Heart of Decision to Fire Fifth Third General Counsel. So Far, Industry Questions Bank’s Decision

August 11, 2016
Paul Muolo
According to figures compiled by Inside The GSEs, Fifth Third doesn’t even rank among Fannie’s 40 largest customers and sells almost 70 percent of his home mortgages to Freddie Mac, based on July data.
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