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Home » Authors » Paul Muolo

Articles by Paul Muolo

FDIC Settles With Eight Street Firms Over Non-Agency MBS Tied to Countrywide; But Looks at Suing ‘Individuals’ Too

June 2, 2016
Paul Muolo
The FDIC said that acting as a receiver of the failed banks it “may professionals and entities whose conduct resulted in losses to those institutions…”
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Short Takes: Quicken Top Contributor to New Redwood MBS / Cleveland Rocks for Quicken / Fannie Says Consumers Wrong on DTI / More MSR Deals / CAR Concerned About ‘Super Lien’ Status in California

June 2, 2016
Brandon Ivey and Paul Muolo
Fannie Mae said the result is that potential buyers may be wrongly disqualifying themselves before they even apply for a mortgage…
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A Cut in FHA Premiums This Year? Probably Not, But…

June 2, 2016
Paul Muolo
At the KBW show, MI firms also dismissed the notion of consolidation in the sector, calling it unlikely.
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A Round of New ‘Co-Issue’ MSR Deals From Incenter; Almost $3 Billion Could be up for Grabs

June 1, 2016
Paul Muolo
Two of the deals offer a range of $50 million to $100 million per month in GSE servicing rights and have a bid deadline of early next week.
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Short Takes: FSR Wants a GSE Plan, Now / 10 Groups Press Watt on a Fannie-Freddie Recap / An Retention Bonus for Texas Capital Executive / MBA Wants Faster Progress on CSP / Nation’s Largest Wholesaler Hires New CTO

June 1, 2016
Carisa Chappell and Paul Muolo
Ten trade organizations and community groups this week sent a letter to FHFA Director Mel Watt imploring him to suspend the quarterly GSE dividend paid to the Treasury Department...
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With Compliance Costs Steadily Rising, Is it Time to Hike GSE Servicing Fees?

May 31, 2016
Paul Muolo
Many cite compliance spending, in particular the hiring of attorneys, for the increase in costs.
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The Money Source Ramps up Wholesale, Hires Industry Veterans Frank and Steven Curry

May 31, 2016
Paul Muolo
In 1Q, TMS/Endeavor table-funded roughly $1.8 billion in loans, ranking 13th nationwide in that category, according to figures compiled by Inside Mortgage Finance.
Read More

IMA Sets New Bid Date on Ginnie Mae MSR Portfolio

May 31, 2016
Paul Muolo
The seller was described as an “independent mortgage banker with a tremendously experienced senior management team and strong net worth.”
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Short Takes: Is Dodd-Frank in Danger? / Trade Group Chief Likes Trump / Are ‘Marketplace’ Lenders Spending Enough on Compliance? / What About JPM’s HLTV GSE Loan? / SunTrust Taps Former HUD Executive

May 31, 2016
Paul Muolo
Are "fintech" firms spending enough money on mortgage compliance?
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Surprise: Trading in TRID Defects (Jumbos Mostly) Still Going Strong

May 31, 2016
Paul Muolo
Although statistics are hard to come by, Mid America believes it is one of the most active buyers of such mortgages, most of which are nonconforming jumbos.
Read More
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