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Home » Authors » Paul Muolo

Articles by Paul Muolo

Short Takes: Asset-Based Mortgage Lending Returns / ‘Fix and Flip’ Market Slowing? / CALCAP Opens Phoenix Office / Ocwen’s Share Price Falls at the Opening / Two Harbors Likes CRE

December 1, 2014
Brandon Ivey and Paul Muolo
According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.
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Will PIMCO’s Investment in Nonprime Lender Pave the Way for Other Deals?

November 25, 2014
Paul Muolo
Another new entrant to the nonprime space is Garrison Investment Group, a private equity firm that late last month bought Hilco Real Estate Finance.
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Short Takes: How Much Will RBS Pay the GSEs? / Citizens in the Hunt for LOs / Did Anyone Think the FHFA Was Going to Lower Loan Limits? / When in Rome…

November 25, 2014
Paul Muolo
But did anyone really think the FHFA was going to reduce the GSE loan limits? Really…
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Short Takes: So, Where’s the Housing Bubble? / Altisource Buys Owners.com / A $1 Billion Quarter for FGMC / Delinquencies at Freddie Continue to Fall

November 25, 2014
Paul Muolo
What exactly is Owners.com? Launched in 1996, it’s supposedly the largest directory of homes for sale by owners. In other words, they don’t use traditional Realtors…
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$50 Billion Worth of Servicing ‘Bulk’ Deals Between Now and Yearend?

November 24, 2014
Paul Muolo
Interactive Mortgage Advisors alone is working on $10 billion worth of deals...
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IMA, MountainView Out with Large MSR Packages

November 24, 2014
Paul Muolo
The Prestwick Group and MIAC are also working on servicing deals.
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Short Takes: No More Thanksgiving Rally for GSE Shares / Sterne Agee Sees Little Optimism in ASPS / Mortgage Network Expands / RBS Kisses Mortgage Trading Desk Goodbye

November 24, 2014
Paul Muolo
Regarding Altisource Portfolio Solutions, Sterne Agee noted: “It is difficult to be optimistic from here"...
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Arvest Working on MSR Sale with a Subservicing Option

November 21, 2014
Paul Muolo
A sale of that size would greatly reduce the bank’s portfolio and would signal a strategy shift.
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Wilbur Ross Quits Ocwen’s Board – for Vice Chairmanship at Bank of Cyprus

November 21, 2014
Paul Muolo
Two years ago, Ross’ WL Ross & Co. sold its mortgage banking operation, Homeward Residential, to Ocwen for $750 million in cash and convertible preferred stock.
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What We’re Hearing: Higher FHA Costs, Not Lower / The GOP in Favor of This Tax Hike? / How About Regulating Nonbank Lenders? / Cyprus? Wilbur Ross Really is a Bottom Fisher / Ocwen Isn’t the Only Servicer That Loves India

November 21, 2014
Paul Muolo
There’s a growing fear that the CSBS might move to increase capital standards for nonbank originators as well.
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