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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: $500 Million is the Target for BofA / BofA’s Past FHA Pain / Ocwen a ‘Neutral’ / A New CFO for Stonegate

February 22, 2016
Paul Muolo
BofA said it has no plans to further reduce its involvement in FHA lending.
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Fannie Posts $2.47 Billion Profit For 4Q, Says FHA MIP Cut Into Business

February 19, 2016
Paul Muolo
Thanks to the MIP cut, it looks like FHA is stealing business away from Fannie Mae...
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Former FHA Chief Galante Named to Ocwen’s Board

February 19, 2016
Paul Muolo
A smart political move? Ocwen's board now includes former officials from the U.S. Treasury and FHA.
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What We’re Hearing: The TRID Ugliness Continues / CFPB’s Cordray Resists the Federal Register Move / Some Nonbanks Lost Money in 4Q? / Will Ocwen Change Course and Become an FHA Lender? / Does the FHFA’s Mel Watt Have the Power to Change the Course of GSE

February 19, 2016
Paul Muolo
The TRID error problem is not going away, at least not yet...
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Freddie Posts $2.16 Billion Profit for 4Q15; Hedging Losses Not an Issue – This Time Around, But…

February 18, 2016
Paul Muolo
The CEO noted that Freddie Mac has made great inroads in doing more business with small to medium-sized lenders, but also said that when it comes to the GSE’s credit box, “it is not being fully used” by the industry.
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FHFA Chief Watt Beginning to Sweat 2018 When the GSEs Run Out of Capital

February 18, 2016
Paul Muolo
In particular, Watt expressed his concerns about January 1, 2018 when Fannie and Freddie – as promulgated by the U.S. Treasury – are forced to have a capital “buffer” of zero dollars.
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Short Takes: Why GSE Hiring is on the Rise / When is Don Layton Leaving Freddie? / Ellington Accelerates Non-QM Loan Buys / No, Says FHA / Stonegate Hires Former NovaStar Official

February 18, 2016
Paul Muolo, George Brooks, and Brandon Ivey
Shrinkage? Thanks to the CSP, changes in reps and warrants, cyber security and more, Freddie Mac continues to hire new workers...
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Gone but Not Forgotten: Ocwen Founder Erbey Controls 17 Percent of the Company

February 17, 2016
Paul Muolo
Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.
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Warehouse Provider’s New ‘Mortgage Correspondent Aggregation’ Business Experiences Turbulence

February 17, 2016
Paul Muolo
Texas Capital said the economics of the program are not as strong as originally projected...
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Short Takes: High Production Volume Isn’t Everything / More Loans Mean More Compliance Risk / European-Based Banks Eyeing Mortgage Pullback? / Mortgage Layoffs at Wells / New Hires for FGMC, Silver Hill

February 17, 2016
Paul Muolo
Wells Fargo continues to cut workers tied to the servicing function...
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