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Home » Authors » Paul Muolo

Articles by Paul Muolo

With Blackstone’s Blessing, Incenter Agrees to Buy Servicing Broker Interactive Mortgage Advisors

February 10, 2016
Paul Muolo
In the fourth quarter, IMA sold $30 billion of mortgage servicing rights for its clients...
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Redwood Trust Pulls the Plug on Its Commercial MBS Conduit, More Layoffs

February 10, 2016
Paul Muolo
Redwood noted that although it is quitting commercial mortgage production, it will continue to “opportunistically invest in mezzanine and subordinate CMBS tranches that meet our risk/return profile.”
Read More

Short Takes: Everything’s Coming Up Blackstone / Odds Increase for an FHA Premium Cut? / Volatile Rates a GSE Problem? / U.S. Bank No Longer Facing Servicing Restrictions / Correction on Redwood Numbers

February 10, 2016
George Brooks, Brandon Ivey, and Paul Muolo
Falling rates are great for the mortgage industry, right? Yes and no...
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The Emotional Relief Provided by the CFPB’s ‘Clarifying’ Letter Has Since Faded

February 9, 2016
Paul Muolo
For now, the CFPB isn't talking about the matter...
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Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In

February 9, 2016
Paul Muolo
Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In
Read More

The New White House Budget: $151.5 Billion of GSE Dividends to Come – Right to Uncle Sam

February 9, 2016
Paul Muolo
The White House still wants to kill Fannie and Freddie, but in the meantime it benefits from the their healthy revenue streams...
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Short Takes: Margin Calls May Pose a Risk to Nonbanks? / Who Thought Rates Would Go This Low? / FHA Subject to ‘Black Swans’ / HUD, Philadelphia and the X-Files / FHA Condo Financing Relief on the Way?

February 9, 2016
George Brooks and Paul Muolo
In its new annual budget, the White House declares that the FHA mutual mortgage insurance fund is vulnerable to “Black Swans...”
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Quicken Asks Mortgage Insurance Firms to Cut a Deal on MI

February 8, 2016
Paul Muolo
Quicken said it "will evaluate all bids once received and make the decision to partner with one or two providers. Our plan is to reevaluate this process regularly."
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Short Takes: More Jumbo TRID Woes? / Prosperity Looks to Train Young LOs on ‘TRID’ / No LO Prima Donnas, Please / Quicken’s Grade on MI Audits / A Correction

February 8, 2016
Paul Muolo
TRID has become such a serious problem that some lenders are starting the education process early with new loan officers.
Read More

Surprise: Mortgage Hiring Inches Up in December

February 5, 2016
Paul Muolo
Among those hiring is Jordan Capital Finance, Chicago, which seeks to add new loan reps and a senior vice president of sales and business development...
Read More
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