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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: About That Fed Hike in Rates… / Rates Under 4 Percent with No Points / But Apps are Flat – For Now / LA is Too Much for the Borrower / Auction.com Hires eBay Executive

August 26, 2015
Brandon Ivey and Paul Muolo
A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.
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Mortgage Banking Solutions Selling Wholesale Lender

August 25, 2015
Paul Muolo
MBS Managing Partner Chuck Klein said the company in question owns at least $3 billion in mortgage servicing rights...
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MBA: Origination Profit at Independents Almost Flat in 2Q

August 25, 2015
Paul Muolo
The results are based on 354 lenders that submitted production data to the trade group.
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Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
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Did Blackstone Pay a Premium for Stearns? Not Likely

August 24, 2015
Paul Muolo
Stearns Lending has been on the auction block for well over a year, maybe longer...
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The Pros and Cons of the Stock Market ‘Correction’: More Refis, MSR Markdowns

August 24, 2015
Paul Muolo
Dan Perl, who runs Citadel Loan Servicing, Irvine, CA, said he woke up Monday morning and immediately cut his rates by 25 basis points across the board.
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Short Takes: And Now for the ‘Dark Side’ of Low Rates / Jumbo Trouble Because of Stocks? / SPS Suddenly Likes Performing Loans / Wells, the Correspondent King (Again) / Buck Hawkins Departs iFreedom

August 24, 2015
Brandon Ivey and Paul Muolo
Many wealthy borrowers feel rich because they’re sitting on huge stock market gains achieved over the past few years. But now...
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The NPL Auctions Keep Coming at Freddie Mac; A New One for $1.2 Billion

August 14, 2015
Paul Muolo
The cover bids on some past Freddie NPL pools have been in the mid-70s to low 80s (on the dollar) as a percentage of the unpaid principal balance.
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What We’re Hearing: Who’s Going Public? / The FIG of Houlihan Lokey Has Been Busy / loanDepot’s Investor? / Thank You, China / Chinese Nationals Need to Pay in Dollars / Mortgage Debt Should Rise Soon / How Donald Trump Might Pay Off Our Bills

August 14, 2015
Paul Muolo
When a nonbank unveils a nonconforming product that can’t be securitized the first question we ask is this: where will the loans ultimately reside?
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MIAC: First Half a ‘Buyer’s Market’ for Servicing Rights

August 13, 2015
Paul Muolo
Is the bulk MSR market in the doldrums?
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