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Home » Authors » Paul Muolo

Articles by Paul Muolo

Phoenix Capital Selling $2.2 Billion of Servicing Rights

August 5, 2015
Paul Muolo
The Fannie Mae portion of the MSRs is top heavy in California product at 44 percent of the receivables.
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Short Takes: JPM Goes Down the Credit Spectrum on Jumbos / PHH Wins One Against ‘The Man’ / No Comment From the CFPB / A Big Chunk of Change / Ellie Mae Hires Security Chief

August 5, 2015
Paul Muolo and Brandon Ivey
One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”
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Freddie Mac Earns Almost $4.2 Billion in 2Q, Will Ship $3.9 Billion to Uncle Sam

August 4, 2015
Paul Muolo and Carisa Chappell
Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”
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Blackstone Stays Mum on PMAC Deal, Despite Social Media Postings

August 4, 2015
Paul Muolo
Blackstone has bought at least one nonbank the past year and is eyeing several other acquisitions but has offered no commentary on its plans...
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Short Takes: A Slight Decline in G-Fees at Freddie / Underwriting Looser? / Lenders One Lines Up New Investors / A New CEO Yet for LO? / UGI Increases NIW

August 4, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...
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Nonprime Lender Citadel Increases Maximum Loan Amount to $3 Million

August 3, 2015
Paul Muolo
Company CEO Dan Perl said the privately held nonbank has been receiving several applications for loan amounts ranging from $2.1 million to $2.7 million...
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Freddie Mac Unveils First Securitization of Small-Balance Multifamily Loans

August 3, 2015
Paul Muolo
Greystone Servicing Corp. originated all of the 44 notes in the deal.
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Short Takes: PMAC and Blackstone, What Gives? / Meet the New Head of the NYDFS? / BofA Makes Progress on Mortgage Relief / Freddie Dumps NPLs / Home Point Hires Ex-Weichert Official

August 3, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.
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What We’re Hearing: It’s About to be Official: Blackstone Buying PMAC / Who’s Next on the Blackstone Hit List? / The Asking Price for RoundPoint is… / Ocwen’s Share Price Gets Clobbered Again / India Not the USA / The Return of Mark Filler

July 31, 2015
Paul Muolo
Potential investors in RoundPoint Mortgage include PIMCO, which so far has spent several million dollars on due diligence and legal costs...
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So, Whatever Happened to Angel Oak’s Subprime MBS Deal?

July 31, 2015
Paul Muolo
So far, the privately held Angel Oak has said little about its securitization plans, as has its partner on this adventure, Nomura Securities.
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