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Home » Authors » Paul Muolo

Articles by Paul Muolo

Freddie Posts Meager Earnings of Just $227 Million, but Says Not to Worry, It’s All About Derivative Accounting

February 19, 2015
Paul Muolo
After Freddie Mac makes its next dividend payment in March to the U.S. Treasury, the GSE will have returned $91.8 billion to the government versus financial assistance draws of $72.3 billion.
Read More

Freddie Mac Working on New Non-performing Loan Auction

February 19, 2015
Paul Muolo
Fannie Mae has explored NPL auctions, but has yet to pull the trigger.
Read More

Short Takes: Stearns Hires Executive Away From Wells Fargo / LOs in the Dumps Over Their Careers? / $1.35 Trillion in Originations This Year? / FHFA Official Bolts for Collingwood

February 19, 2015
Paul Muolo
Manna from heaven? Roughly 87 percent of LOs expect residential production to exceed 2014’s volume…
Read More

PHH Posts a Loss, Declining Revenue and Lower Originations; The Merrill Contract?

February 18, 2015
Paul Muolo
Analysts who follow the company are keenly aware that the Merrill contract accounts for 29 percent of PHH’s annual production.
Read More

Applications Drop by Double Digits; Suddenly, Some Nervousness on Rates

February 18, 2015
Paul Muolo
Warehouse lending executives interviewed by IMFnews the past week are reporting healthy usage rates from their nonbank clients...
Read More

Short Takes: Would You Buy Ocwen Now? / MIAC Offering MSRs / Sindeo Secures Investment / Fannie Rolling Out New Version of DU / Clayton Hires Former Subprime Executive

February 18, 2015
Brandon Ivey and Paul Muolo
Ocwen’s massive servicing portfolio (roughly $377 billion in UPB) is worth more than the entire market capitalization rate of the company...
Read More

Freedom Mortgage Close to Meeting Hiring Goal; May Hire Even More

February 17, 2015
Paul Muolo
Among originators, Freedom Mortgage ranks 10th. In 2014 it funded $23.63 billion, a 48 percent gain from the year prior.
Read More

A $1.3 Trillion Year for Originations?

February 17, 2015
Paul Muolo
Compass Point hiked its purchase money estimate to $819 billion from $787 billion.
Read More

Short Takes: Mortgage Lawyers Raking in the (Compliance) Dough / What’s With all the 13-Gs? / Ocwen’s Stock on a Tear. What? / Obama Gives a Shout-Out to Nationstar / A New Hire for Auction.com

February 17, 2015
Brandon Ivey and Paul Muolo
Ocwen’s share price has almost doubled! How’s that? Well...
Read More

The MSR Quandary: Sell Now or Wait? Flow Bids Remain Strong

February 16, 2015
Paul Muolo
With rates low on current production, prices are strong for “flow” transactions.
Read More
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