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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: CA DBO Looking for an Ocwen Auditor / Please, No Conflicts of Interest / HUD’s Castro a No-Show? / More Financial Pain for the Rating Agencies / Envoy Hires Away TMS Executive

February 2, 2015
Paul Muolo
The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.
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What We’re Hearing: So, Where's the Seller-Servicer Eligibility Proposal? Oh, Here It Is! / GSE Pay in Danger? / Bill Erbey’s Big Mistake and Why Investors are Mad / Garrett, McAuley Expands

January 30, 2015
Paul Muolo
The FHFA is spending much of its time studying both the liquidity of servicing rights and the operational capacity of GSE servicers.
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Fay Servicing Gets Contract With Altisource Residential. Meaning?

January 29, 2015
Paul Muolo
Roughly $1.5 billion of the $2 billion in mortgages Altisource Residential held at Sept. 30 are in some stage of foreclosure.
Read More

Phoenix Capital Out with $600 Million Flow MSR Package

January 29, 2015
Paul Muolo
Two other servicing packages hit the market the past few days, including a seasoned $276 million Ginnie Mae portfolio from Interactive Mortgage Advisors.
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Short Takes: CFPB Seeks to Expand Credit in Certain Areas / Will Banks Reemerge as MSR Buyers? / What’s Going On With Stonegate? / Fannie Goes Downtown / A New General Counsel for Genworth

January 29, 2015
Paul Muolo and Thomas Ressler
Stonegate Mortgage saw its share price fall to a new 52-week low of $9.76 Thursday morning on no major news.
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Residential Production Down Slightly at EverBank, Revenue Falls

January 28, 2015
Paul Muolo
Total revenue at EverBank fell to $222.6 million in 4Q compared to $234 million in 3Q.
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Friday Release of Seller/Servicer Eligibility Guidelines from FHFA Delayed?

January 28, 2015
Paul Muolo
It’s unclear what exactly will be addressed in these new standards, though capital requirements for nonbank servicers is said to be a key part of it.
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Short Takes: GSE Principal Reduction Rears Its Ugly Head Again / GOP Continues Close Scrutiny of the CFPB / Mr. Cordray, Stop Tearing Down Those Walls / IMA Selling Ginnie Servicing / S&P May Settle for $1.37 Billion

January 28, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
According to the IMA offering circular, the seller is a “Southwest, independent mortgage banking entity with strong financials and a highly experienced senior management team.”
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Impac Reveals Purchase Price on CashCall’s Mortgage Unit: $10 Million Plus…

January 27, 2015
Paul Muolo
In trading Tuesday, Impac’s common was selling for $9.15, which means the 500,000 shares could be worth $4.5 million.
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Arch Launches Unit to Write MI Coverage on Portfolio Loans, Jumbos, Non-QM

January 27, 2015
Paul Muolo
The division, Arch Mortgage Guaranty Corp., has been rated A3 by Moody’s Investor Service, the highest rating an MI can receive.
Read More
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