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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Hedge Fund Reduces (Slightly) its Stake in Ellington / Ocwen Reps Will Speak Japanese / U.S. Bank Likes HELs / DocMagic Signs Up Mid America / CMLA Names New Chair

September 22, 2015
Brandon Ivey and Paul Muolo
Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.
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PIMCO Buys a Stake in First Guaranty Mortgage Corp., a $4 Billion a Year Lender

September 21, 2015
Paul Muolo
Early this year, PIMCO was in talks to buy RoundPoint Mortgage, a top 25-ranked servicer, but the transaction fell apart.
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Phoenix Offering Flow Servicing Rights Tied to GSE and Ginnie Product

September 21, 2015
Paul Muolo
The Fannie/Freddie loans are dominated by Florida mortgages at 32 percent of the flow.
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Short Takes: Subservicer Up For Grabs / Rental Homes Merger / Michigan Mutual Hunts for Branches / Ocwen Keeps Paying Down Debt / FHFA Wants GSE Documents Out of the Public’s View

September 21, 2015
Carisa Chappell and Paul Muolo
Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.
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What We’re Hearing: Former GSE Regulator No Fan (Still) of Fannie and Freddie / Falcon’s Prediction Didn’t Come True / Wilbur Ross Must Have the Touch / Man Buys Bank / Wells Sends FHA Another Message

September 18, 2015
Brandon Ivey and Paul Muolo
If the CEOs of Fannie and Freddie get their raises reversed, what will they do?
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Nation’s 11th Largest Originator loanDepot Contemplating an IPO?

September 17, 2015
Paul Muolo
loanDepot founder and CEO Anthony Hsieh is well known for starting companies, building them up and then selling them.
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Optimism on Loan Originations Begins to Wane

September 17, 2015
Paul Muolo
A few weeks back when the poll was first launched the results were more optimistic, but...
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Short Takes: Don’t Expect Fannie & Freddie Employees to Stage a ‘Walk Out’ / Who is This Guy? / Another Large NPL Sale for Freddie / Ocwen’s Ever Changing Moods / A New CFO for Auction.com

September 17, 2015
Brandon Ivey and Paul Muolo
What do Fannie/Freddie officials say about the walk-out? They were amused at the effort but declined to comment on-the-record.
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Mortgage Employment Holds Steady; Fewer Layoffs This Fall?

September 16, 2015
Paul Muolo
Paul Hindman of Grid Origination Services noted that any public company CEO who does not deliver on performance mandates “is at risk, more so than ever in today’s market.”
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Flagstar Recently Tried to Sell $10 Billion of MSRs. But Did the Deal Close?

September 16, 2015
Paul Muolo
Over the past few years, Flagstar has been a selective seller of mortgage servicing rights, lopping off packages as large as $40 billion.
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