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Home » Authors » Paul Muolo

Articles by Paul Muolo

Freddie Mac Launches Another $1B-Plus NPL Auction; Plenty of Product Left in the Well

November 9, 2015
Paul Muolo
According to Freddie’s recent 10-Q filing, the GSE has plenty of NPLs left to sell.
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PHH-Merrill(?) PLS Contract Extension Talks Draw to a Close; Lender May Exit FHA

November 9, 2015
Paul Muolo
According to a transcript of the earnings call, PHH also is contemplating exiting the FHA program.
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Mortgage Brokers Shed Jobs, Lenders Still Hiring

November 9, 2015
Paul Muolo
Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...
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Short Takes: loanDepot Moving Closer to IPO? / Garrett Suggests a ‘Reverse’ Merger for Stonegate / Revenue Falls Off the Table at Altisource Asset Management / Nationstar in Servicing-Released Option for MPF

November 9, 2015
Paul Muolo
Maybe a "reverse" merger might work for Stonegate Mortgage...
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AIG Not Likely to Part Ways With United Guaranty; Of course…

November 6, 2015
Paul Muolo
So, where did all the talk of a possible sale or spin-off come from? Answer: from activist investor Carl Icahn.
Read More

What We’re Hearing: PHH, the Poster Child of Regulatory Scrutiny / $106 Million in Legal Reserves and Counting / Will Rep. Garrett Congratulate Freddie on What Might be a Blow-Out 4Q? / PennyMac Shines / Pinto Slams the Fed

November 6, 2015
Paul Muolo
Now that rates are rising, one might expect Freddie to have a blow-out quarter in 4Q. Will Rep. Garrett issue a statement in February congratulating the GSE on a great job?
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Walter’s Share Price Clobbered After Nonbank Reports a $76.9 Million 3Q Loss

November 5, 2015
Paul Muolo
After a large 3Q loss, it was a bloodbath for Walter's share price...
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Another Quarterly Loss for PHH; Break Even or Better in 2016?

November 5, 2015
Paul Muolo
The company, whose share price was hammered this past summer after disappointing 2Q results, promised investors that it will be break even in 2016 or “modestly profitable.”
Read More

Despite a Hedging Charge of $2.6 Billion, Fannie Mae Posts Net Earnings of $2.2 Billion; ‘Account Surplus’ With Treasury Will Rise Again

November 5, 2015
Carisa Chappell and Paul Muolo
Since the federal takeover, the Treasury Department has provided $116.1 billion in assistance to Fannie with the GSE returning (once the 3Q dividend is paid) $144.8 billion...
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Short Takes: Stonegate Buries the Lead / IMA Chief Tom Piercy Explains MSR Marks / A Strong Showing for Impac / Fannie Making Progress on Buybacks / Correction

November 5, 2015
Carisa Chappell and Paul Muolo
During the financial crisis Impac’s stock was delisted and its future looked cloudy. But not anymore…
Read More
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