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Home » Authors » Paul Muolo

Articles by Paul Muolo

Richey May: Two-Thirds of Mortgage Firms Added Staff in 3Q14

December 4, 2014
Paul Muolo
The fourth quarter of 2014 is turning out to be decent in terms of applications and pipelines.
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Short Takes: Origination Profits Down 6 Percent / Black Knight: Foreclosure Inventory Continues to Head South / Underwater GSE Inventory / Purchase-Money Stand-Outs According to IMF / UWM Names Chief Digital Officer

December 4, 2014
Paul Muolo
If you’re looking to buy a foreclosure for a quick “flip,” you might want to act quickly. Inventory is shrinking rapidly...
Read More

Some Nonbanks Post Spectacular Growth in Correspondent Lending

December 3, 2014
John Bancroft and Paul Muolo
As one West Coast-based mortgage executive told IMFnews: “It can be a very tough space. You need lots of capital."
Read More

PennyMac Jumps Into Multifamily and Small-Balance Commercial Loan Market

December 3, 2014
Paul Muolo
Eventually, PMFS hopes to securitize its originations through PMMIT. Initially, its maximum loan amount will be $10 million,
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Short Takes: Mortgage Job Outlook for 2015: Go With the Nonbanks / Thanksgiving Gives Mortgage Business Indigestion / Warehouse Execs Flock to Trade Show / Questions Raised on New Warehouse Firm / HUD Finally Gets #2

December 3, 2014
George Brooks and Paul Muolo
We’ve heard scattered reports about a new nonbank warehouse provider that is offering extremely cheap financing while asking for large fee payments upfront...
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Hedge Fund Glenview Increases Stake in PHH Corp.

December 2, 2014
Paul Muolo
At 7.59 percent, the hedge fund is now the third largest institutional investor in PHH.
Read More

IMA and Phoenix Announce New Bulk MSR Deals

December 2, 2014
Paul Muolo
The IMA package – top heavy with California and Florida loans – includes $110.8 million of Ginnie Mae receivables.
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Short Takes: Special Servicers Beat Banks on Distressed Mortgages… / One Caveat Though / Looser Mortgage Credit? Hah! / Northrim Closes M&A Deal / Former Freddie Official Lands at StoneHill

December 2, 2014
Paul Muolo and Thomas Ressler
A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything.
Read More

Mortgage Industry Braces for Nonbank Capital ‘Standards’ From State Regulators

December 1, 2014
Paul Muolo
Mortgage bankers are concerned about what the CSBS is up to and how binding its recommendations will be.
Read More

Ocwen’s Consent Order with the NYDFS Expires Dec. 5; Then What?

December 1, 2014
Paul Muolo
The original consent order was dated Dec. 5, 2012, establishing the compliance monitor and more.
Read More
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