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Home » Authors » Paul Muolo

Articles by Paul Muolo

Consultant Floats Idea: Make Loan Officers Pay for Compliance Costs

April 6, 2016
Paul Muolo
The consultant has seen compliance costs rise, but without a commensurate cut in LO commissions...
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Short Takes: Discover, Liking Mortgages Again? / This Wouldn’t Happen at Yale! / WWWD? (What Will Watt Do?) / Now the Consumer Has the Upper Hand? / Stonegate Hires Alumnus

April 6, 2016
Carisa Chappell and Paul Muolo
FHFA chief Mel Watt is expected to issue a final decree this month…
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Nonprime Lender Citadel Intentionally Cuts Production Because of TRID

April 5, 2016
Paul Muolo
Citadel's pipeline is at roughly $150 million.
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Short Takes: Jumbo MBS Ugly in 1Q16 / More TRID Nightmare Talk / CSS is Hiring / Marketplace Mortgage Continue Expansion / New Hires for WFG

April 5, 2016
Brandon Ivey and Paul Muolo
CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.
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Short Takes: 20 From WJB Land at Supreme / Bad Timing? / Joe Garrett Wants to Hold a CFPB Contest / The State of the TRID Scratch-and-Dent Market / GM&C Hires Former Fannie Mae Veteran

April 4, 2016
Paul Muolo
We also heard one report that earlier in the year a large production group from a competitor jumped ship and joined WJB in January.
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The Shifting Sands of Subservicing: Growth for Cenlar; Ocwen Loses Big

April 4, 2016
Paul Muolo
At yearend, Cenlar ranked first in subservicing contracts...
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Congress Opens Doors to Ranieri/Zandi & Co. Plan

April 4, 2016
Paul Muolo
Of course, just because five industry vets have issued a white paper, that doesn’t mean it can readily yield into legislation.
Read More

JPMorgan Cuts Back in Another Government Mortgage Program – RHS; Freedom the Buyer

April 4, 2016
Paul Muolo
A few years ago JPM stopped funding RHS mortgages through loan brokers.
Read More

Mortgage Banking Jobs Take it on the Chin in February

April 4, 2016
Paul Muolo
Although BLS reported declines, recent interviews conducted by IMFnews suggest that some nondepositories are in a hiring mode this spring, especially for retail loan officers.
Read More

What We’re Hearing: Cordray Caves, Issues Formal Guidance on TRID Errors / Is the CFPB In Over Its Skis? / WJB Mortgage Keeps Rincon Busy / Rep. Hensarling Promises the GOP Will Do Something About Dodd-Frank / Marketplace Home Mortgage Continues Expansion

April 1, 2016
Paul Muolo
How many more of W.J. Bradley's TRID-error loans will be sold in the scratch-and-dent market?
Read More
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