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Home » Authors » Paul Muolo

Articles by Paul Muolo

M&A Talk Heats Up. PIMCO and RPM Are Looking, but…

March 8, 2016
Paul Muolo
Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.
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MountainView Selling $1.5 Billion GSE MSR Portfolio

March 8, 2016
Paul Muolo
After rates plunged earlier in the year, servicing auctions slowed somewhat, but are once again hitting the market.
Read More

Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

March 8, 2016
Paul Muolo
TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.
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MBA Still Hopes for Clarity from the CFPB on TRID Errors

March 7, 2016
Paul Muolo
Stevens said there has been “a lot of back and forth” on the topic with the regulator…
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Wholesale Mortgage Team Seeks a New Home

March 7, 2016
Paul Muolo
According to survey figures from Inside Mortgage Finance, wholesale/broker production accounted for 9.6 percent of fundings in the fourth quarter of 2015...
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Short Takes: Lenders One Still Searching for a Permanent CEO / LOMC Hikes Dividends Paid to Members / Parseghian Steps Down from PHH Board / Ocwen Insider Buys Low / Amy Brandt Schumacher Joins New Penn

March 7, 2016
Paul Muolo
Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.
Read More

Hedge Fund Co-Founder Beltzman Named Chairman of Walter Financial; Move Comes After Large 4Q15 Loss

March 3, 2016
Paul Muolo
Not only his Beltzman chairman, but his fund owns 19.8 percent of Walter...
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Stonegate Mortgage Ekes Out Small Profit, Originations Off 29 Percent in 4Q

March 3, 2016
Paul Muolo
Stonegate met its expense reduction goals by discontinuing select operations and shuttering branches...
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Short Takes: Servicing Monitor Clears the ‘Mega’ Players / Ocwen, Ocwen, Ocwen / The CFPB’s Webinar … Never Mind / A Moment of Silence at ABS East / Another New Hire for Silver Hill

March 3, 2016
Brandon Ivey and Paul Muolo
Stock analysts continue to ponder the future of Ocwen Financial...
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Weaker Earnings at the Nonbanks. And the Evidence Points to TRID

March 2, 2016
Paul Muolo
A warehouse executive, whose bank is based on the East Coast, noted that when a nonbank client loses money two quarters in a row, “it triggers certain [warehouse] covenants.”
Read More
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