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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Mortgage Servicer Hits the Auction Block / Wilshire Buying Mortgage Unit / More on FHA’s ‘Tweaks’ / The CFPB is Spending How Much? / Frank Talk on Risk Retention

February 10, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
"My understanding is that FHA is planning on releasing supplemental performance metrics to ‘Neighborhood Watch’ to reduce reliance and focus on just a lender’s compare ratio," said Tim Rood.
Read More

MountainView Selling $736 Million of Mortgage Servicing Rights

February 10, 2015
Paul Muolo
The MountainView package is top heavy with California product. The identity of the seller was not provided.
Read More

IMA Selling $111 Million Fannie Mae MSR Package

February 9, 2015
Paul Muolo
But that reticence could be slipping. As the week opened, the yield on the benchmark 10-year Treasury was at 1.94 percent, the highest it has been in several weeks.
Read More

Mortgage Employment Almost Flat; One Issue: Hiring LOs With Heavy Pipelines

February 9, 2015
Paul Muolo
Another manager noted that, “It’s been very intense recruiting in the markets that have shown the most growth: Texas, California, Florida and the DC [Washington] area.”
Read More

Short Takes: Pingora Weighs in on FHFA Servicer Eligibility Standards / Low Delinquencies for Pingora / RCS Hits $14B Mark on MSR Asset / Caution on Stonegate / Premier Coming Off a Good Year

February 9, 2015
Paul Muolo
Some factions of the industry have expressed a concern about the “liquidity language” in the FHFA proposal, but that’s not a concern for Pingora's Lau.
Read More

What We’re Hearing: A Death Knell for GSE Principal Reductions? / Too Many Chickens for Subprime? / Newman Moves Closer to Completing Purchase / Dimensional Increases Stake in PHH / The Ocwen-Cockroach Comparison?

February 6, 2015
Paul Muolo
With Ocwen about to unload a massive amount of servicing rights will the company still need to have such a large back-office operation in India?
Read More

Ocwen Files Notice: A Fourth Quarter Loss and Monthly MSR Sales; Company the Subject of 46 Exams

February 5, 2015
Paul Muolo
The nation’s largest nonbank servicer revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”
Read More

Ocwen Anticipates 4Q Loss, But Mum on the Size; Company the Subject of 46 Exams

February 5, 2015
Paul Muolo
In its 8-K filing with the SEC, Ocwen revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”
Read More

PennyMac Financial Suffers Earnings Decline, Reveals Pending MSR Purchases of $20.8B

February 5, 2015
Paul Muolo
At yearend, PMFS serviced $106.0 billion of mortgages, ranking 15th nationwide, according to a new market analysis from Inside Mortgage Finance.
Read More

Short Takes: More MSR Shrinkage for BofA / And BofA Layoffs Too / Two Harbors Continues to Amass Jumbos / Another Blow for the PSPA Battle? / Clayton Hires Guy

February 5, 2015
Paul Muolo and Brandon Ivey
Two Harbors, a REIT, has been aggregating, on average, $300 million of jumbo mortgages per month.
Read More
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