Former GMAC Mortgage President Abreu Launches Retail/Wholesale Lender July 28, 2015 Paul Muolo Abreu ran GMAC from October 2009 to 2013. He then went to work for Ellington Management Group where he headed originations.Read More
Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings July 28, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Operational problems at Trump Financial? It's all history now...Read More
Residential Lending Rises 44 Percent at PennyMac July 27, 2015 Paul Muolo PennyMac increased its servicing portfolio to $136 billion at June 30, an 18.2 percent sequential gain. Read More
IMA Offering $712 Million of GSE Servicing Rights July 27, 2015 Paul Muolo As the summer moves along, servicing auctions of all different sizes keep coming...Read More
Short Takes: What, Donald Trump Had a Mortgage Company? / GradeMyBank? / A Lack of Risk Retention by JPM on New Jumbo Deal / Fix or Flip? The Answer: Flip / Earnings Gain for CoreLogic July 27, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Donald Trump, a mortgage broker too?Read More
What We’re Hearing: CALCAP Working on $100 Million Fund for Non-Agency / The Changing Nature of ‘Fix and Flip’ / Altisource Lures Away Ginnie’s Man on the Hill / Not So Fast on Those GSE Raises / Improving Delinquencies Kill Another Business July 24, 2015 Paul Muolo Serious money continues to plow into non-agency mortgage lending. Meanwhile, Altisource hires Ginnie Mae's man on the hill...Read More
As FHFA Dawdles Over Captive Rule, REITs Ramp up Borrowings July 23, 2015 Paul Muolo Another REIT ramping up advances is Two Harbors Investment Corp., which – like Redwood – is active in the jumbo MBS market. Read More
Altisource Posts Strong Earnings, but Revenue Off; A New Contract with a Top-10 Bank July 23, 2015 Paul Muolo In a statement, company CEO William Shepro said of new clients: “…our sales pipeline is strong and we are in varying stages of discussions with larger prospects.” Read More
Top-Ranked Warehouse Lender Texas Capital Launches Correspondent Effort July 23, 2015 Paul Muolo One competitor to TCB said he is aware of the correspondent launch, but said “So far, they haven’t gotten any traction with our customer base.”Read More
Short Takes: Kill Fannie and Freddie? What, Are You Crazy? / Yet Another Book About the GSEs / The Enron-Fannie Mae Connection / Plaza Home Posts Record Originations / Two in 40. Who Are They? July 23, 2015 Paul Muolo and Sherry Muolo Of the 40, just two firms suffered a sequential volume decline. You’ll have to see IMF to find out which ones.Read More