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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Trade Groups Try to Exert Pressure on the FHFA / No Word from the Regulator / Ocwen Catches a Ratings Break / MountainView Ready to Assess Whole-Loan Bids

September 28, 2015
Paul Muolo
Standard & Poor’s has removed Ocwen Financial form its “CreditWatch” list.
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FBR Recommends Mortgage Lenders, Commercial Banks, That Is

September 25, 2015
Paul Muolo
A $1.5 trillion year is doable: according to survey figures compiled by Inside Mortgage Finance, residential funders originated $805 billion in the first half.
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What We’re Hearing: Two Specialty Servicers Up for Grabs? / Dovenmuehle Speaks! / Dovenmuehle’s Secret Sauce: Pricing / At Least One Servicer Doesn’t Have Employees in India / A Potential Government Shutdown and the Implications for Lenders

September 25, 2015
Paul Muolo
Are you ready for a government shutdown, one that could screw up the mortgage market? If not now, maybe later in the year...
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Another Round of Servicing Layoffs for Ocwen: 300 Jobs in Iowa; India Workforce Continues to Grow

September 24, 2015
Paul Muolo
The old GMAC servicing platform in Iowa appears to be on a death-watch as Ocwen sells GSE servicing rights and opts for cheaper labor overseas...
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Short Takes: The CFPB is About to Analyze Bank Business Loans / WinWater Goes Jumbo Again / Ocwen is So Large in India it Hedges its Exposure Against the Rupee / Ocwen’s New Subprime Client / CFPB Slams Hudson City Savings

September 24, 2015
Paul Muolo and Brandon Ivey
Ocwen has so many workers in India that it hedges its risk against the currency there, the Rupee.
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Institutional Investors Spurning Certain Public Mortgage Firms

September 23, 2015
Paul Muolo
For many investors it has boiled down to this: They’ve had enough and they want out.
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And the MSR Deals Keep Coming: $3.2 Billion from Phoenix Capital

September 23, 2015
Paul Muolo
All of the servicing rights being auctioned off are currently being subserviced by Cenlar.
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Short Takes: Ginnie Mae Chief Issues a Warning or Two / Ginnie Budget Woes? / Fear the Sale of Servicing Rights? Really? / MBA Reacts to Tozer’s Comments / A Clarification on the Lund SEC Case

September 23, 2015
Paul Muolo
Meanwhile, the MBA chief – and his members – were caught off guard by Tozer’s comments about nonbanks and servicing transfers.
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Remainder of Year Could be a Humdinger for MSR Sales

September 22, 2015
Paul Muolo
One frequent participant on the buy-side of MSR deals called the current price structure “fair” and below the “overheated” level that buyers witnessed a year ago.
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SEC Drops Case Against Former Fannie Mae Executive Thomas Lund

September 22, 2015
Paul Muolo
Lund’s vindication comes at a time when both GSEs are now earning several billion dollars per quarter.
Read More
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