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Home » Authors » Paul Muolo

Articles by Paul Muolo

Quicken Has Big Hiring Plans for 2015, Including 1,400 Paid Interns

December 24, 2014
Paul Muolo and Sherry Muolo
It’s anticipated that in the coming year nonbanks will continue to steal production market share away from depositories.
Read More

Radian Guaranty Agrees to Sell Sub for $810 Million But Still has a ‘PMIER’ Short Fall

December 24, 2014
Paul Muolo
Radian, said Ibraham, expects to be fully compliant with the PMIER rules and the sale of RAA will help the company “accelerate our ability to do so.”
Read More

Next Up: Who Will Buy Ocwen’s Agency MSRs? Pingora?

December 24, 2014
Paul Muolo
“We tend to look at most everything if it is mainly performing and is 2010 or later vintage agency product," said Pingora CEO Michael Lau.
Read More

Short Takes: SEC Critical of Rating Agency / Mortgage Vendor Black Knight Unveils IPO / Warehouse Rates Too Good to Be True? / Stonegate Expands Non-Agency Menu / IMFnews (Short) Publishing Break

December 24, 2014
Brandon Ivey and Paul Muolo
We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.
Read More

The Ocwen Stock Carnage: Investors Lost $1.13 Billion in Just One Day

December 23, 2014
Paul Muolo
Meanwhile, stock analysts who were once bullish on Ocwen are now taking out their knives, downgrading or slamming the once high-flying company.
Read More

Short Takes: Impac and CashCall? / MBA on a Membership Roll / Bill Erbey Reflects / Bill Erbey, the Sacrificial Lamb? / The First-Ever Merger of Two Housing GSEs

December 23, 2014
Brandon Ivey and Paul Muolo
Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…
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Ocwen Settles with NYDFS for $150 Million; Erbey Out as Exec Chairman; Is Faris Next?

December 22, 2014
Paul Muolo
But Erbey's resignation may not be enough for analysts and investors who have seen the value of Ocwen’s stock plummet the past year.
Read More

Warehouse Commitments Relatively Flat but Outstandings Start to Rise

December 22, 2014
Paul Muolo
At First Tennessee Bank, for example, its commitments were flat from the second to the third quarter, but average outstandings increased by 13 percent to $861 million.
Read More

An Ocwen Massacre: Stock Crushed, Firm Cannot Buy MSRs Without Regulatory Approval, Erbey Out at Several Ocwen-Related Companies

December 22, 2014
Paul Muolo
One analyst, Farukh Farooqi of Marquis Research, told IMFnews that Ocwen’s board should consider dumping CEO Ron Faris. “I mean where does the buck stop?” Farooqi said.
Read More

Short Takes: Thanks to Ocwen, Most Mortgage Stocks Suffer / ASPS Hammered Too / Skyline Reveals Investors / DBRS Sold / FHFA Worries About Lien Priorities

December 22, 2014
Brandon Ivey and Paul Muolo
Skyline said it raised $18 million in equity and debt from Ellington along with Upfront Ventures and Dallas Capital Management.
Read More
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