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Home » Authors » Paul Muolo

Articles by Paul Muolo

PennyMac Financial Cuts Repo Deal with Barclays

December 14, 2015
Paul Muolo
Through the first nine months of the year, PennyMac originated $36.92 billion of residential mortgages, an impressive 74.9 percent gain from the same period a year earlier.
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New York Investment Firm Slashes Stake in Walter Investment

December 14, 2015
Paul Muolo
Select Equity, when reached by IMFnews, declined to comment on why it reduced its position in the lender/servicer...
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Short Takes: Consultant Suggests a Lender Boycott on Listing One’s Race / Fannie Says Consumers Misinformed About Mortgages / S&P Looking for Servicing Help / Lending.com Names New CTO

December 14, 2015
Paul Muolo and Sherry Muolo
In case you were unaware, Joe Garrett has never been a big fan of the CFPB, but unlike some advisors, he is willing to state his feelings on-the-record…
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Tom Wind Departs #30 Ranked EverBank for #5 Ranked U.S. Bank

December 11, 2015
Paul Muolo
During his career, Wind has held senior mortgage posts at not only JPM and EverBank, but Aurora Loan Services and Citicorp Mortgage.
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What We’re Hearing: The Largest, Post-Crash Subprime MBS To Date? / Angel Oak? / Beach Point Deal Ready / Credit Suisse Eyeing Subprime Entry? / $1,000 Appraisals? / And the New CEO of Lenders One Is… / Hoping for Credit Score Competition

December 11, 2015
Paul Muolo
This lender said finding good appraisers can sometimes be a challenge and predicted that eventually appraisals on such mortgages could cost upwards of $1,000…
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FHA National Loan Limit Ceiling Remains Unchanged for 2016, but Increases for 188 Counties

December 10, 2015
Paul Muolo
HUD actually offers an appeal process where lenders can ask for a loan limit increase for their county...
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TRID-Related Loan Delays Bolster Warehouse Profits? Looks That Way

December 10, 2015
Paul Muolo
“Turn times are slower and processing times are longer,” said David Frase of Southwest Bank.
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Short Takes: Banks Continue to Backpedal Away from Servicing Rights / Ocwen Sells MSRs and Pays Down Debt / Nationstar and Mr. Cooper Set for March? / GSEs Invoke Holiday Foreclosure Moratorium Again

December 10, 2015
John Bancroft, Carisa Chappell, and Paul Muolo
Slip, sliding away: commercial banks and loans-serviced-for others...
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Warehouse Lending Slows Somewhat; Banks Cut Pricing

December 9, 2015
Paul Muolo
“There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm.
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Don Henig, National Sales Director for a loanDepot Division, Departs

December 9, 2015
Paul Muolo
Over the past four years, Henig has recruited hundreds of retail loan officers for Mortgage Master, which was sold to loanDepot a year ago.
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