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Home » Authors » Paul Muolo

Articles by Paul Muolo

FHFA Chief Still Hasn’t Made Up His Mind on Captives and FHLB Membership

May 14, 2015
Paul Muolo
To date, the FHFA has received 1,300 comment letters on the proposed ban on captive insurance firms.
Read More

JPM Makes it Official: Bank Will Buy $45 Billion in Fannie MSRs from Ocwen

May 14, 2015
Paul Muolo
Ocwen announced the sale of the $45 billion early this spring, but never identified the buyer.
Read More

Short Takes: President of Large Nonbank Out the Door? / Ocwen Selling Nonperforming MSRs / Clean is Good / More Ginnie Issuance by the FHLBs / A New Tool From Economists at the FHFA / WJB Hires New CIO

May 14, 2015
Carisa Chappell and Paul Muolo
In a recent 10-K filing Ocwen disclosed that on April 30, 2015 it announced agreements with the GSEs to sell portfolios of non-performing loan servicing rights.
Read More

A Frothy Mortgage Employment Market: Signing Bonuses for Underwriters and Processors?

May 13, 2015
Paul Muolo
Financial consultant Paul Hindman, however, is concerned about such bonuses...
Read More

Shelby's Bill Would Alter the Common Securitization Platform

May 13, 2015
Paul Muolo
To date, CSS has yet to perform a beta test and has a “black budget” whose details are only known to Fannie, Freddie and their regulator.
Read More

Nonprime Lender Citadel Now Has Almost 1,400 Approved Brokers

May 13, 2015
Paul Muolo
CEO Dan Perl noted that the lender will surpass $30 million of fundings in May, a record for the company.
Read More

Short Takes: 40-Day Delays in Closings Because of TRID? / Good News Though / NAIHP Weighs in on TRID / Cordray Skips Out of NAR, Angering Many / Ocwen’s Head Count

May 13, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.
Read More

Cut in FHA Premiums Causes Ocwen to Take a Ginnie Mae MSR Charge

May 12, 2015
Paul Muolo
Last fall, Ocwen tried to sell its Ginnie Mae servicing rights, but recently disclosed that it will keep the receivables instead...
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IMA Selling $202 Million Fannie Mae MSR Portfolio

May 12, 2015
Paul Muolo
In late March, IMA noted that it was working on several deals totaling just over $20 billion, but all were being negotiated privately...
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MBA Sends 22-Page Letter to CFPB Asking Specific Questions About TRID

May 12, 2015
Paul Muolo and Thomas Ressler
As the TRID deadline moves closer, industry anxieties are getting stronger and more specific in nature.
Read More
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