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Home » Authors » Paul Muolo

Articles by Paul Muolo

Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW

October 27, 2015
Paul Muolo
For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.
Read More

An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets

October 27, 2015
Paul Muolo
Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.
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Mortgage REIT CYS Ramps Up FHLB Borrowings

October 27, 2015
Paul Muolo
Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year.
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Short Takes: FBR Says Goodbye to PennyMac / A Sweet Dividend At Least / Revenue Figures for Radian’s Non-MI Unit / The Earnings Power of Flagstar’s Balance Sheet / Genworth Agrees to Sell European MI Division

October 27, 2015
Paul Muolo
However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…
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Nonbanks Continue to Gain in Agency Servicing, Except Ocwen

October 26, 2015
Paul Muolo
The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.
Read More

Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
Read More

Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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Phoenix Capital Selling ‘Flow’ Deal that Could Top $600 Million

October 26, 2015
Paul Muolo
Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.
Read More

Short Takes: $500,000 the New GSE Loan Limit? / Coming Soon: The GSE Scorecard / CEO Pay Capped? / Declining Earnings and Revenue for ASPS / Mortgage Network Opens New Office in West Roxbury

October 26, 2015
Paul Muolo
In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…
Read More

Stonegate Mortgage Shedding Branches? Or Perhaps More?

October 23, 2015
Paul Muolo
Firms looking to take over those branches from Stonegate include Skyline Home Loans and Prospect Mortgage...
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